The labor market posted weak job growth for the third straight month
Media Release
Jul. 7, 2006

The labor market posted weak job growth for the third straight month, according to a government report Friday, although a jump in wages could keep the Federal Reserve on its course of raising interest rates.

The labor market posted weak job growth for the third straight month
Media Release
There was a net gain of 121,000 jobs for the U.S. economy, according to the Labor Department report, up from the revised 92,000 gain posted in May.
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Three people have been arrested and charged with stealing confidential information about drink recipes from The Coca-Cola Co.
Media Release
Three people have been arrested and charged with stealing confidential information about drink recipes from The Coca-Cola Co. and trying to sell it to rival PepsiCo Inc., federal prosecutors said Wednesday.
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North Korea's ballistic missile test launch rattled markets - Dow falls 76.20 Nasdaq down 37.09
Media Release
The Nasdaq was down almost 2 percent, and the Dow and S&P were off nearly 1 percent earlier in the session.
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Atlantic City's 12 casinos began shutting down for the first time ever
Media Release
Atlantic City's 12 casinos began shutting down for the first time ever at 8 a.m. ET Wednesday morning as the New Jersey budget crisis that began July 1 continued.
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Oil closed at a record high above $75 a barrel Wednesday on strong U.S. demand but may start falling soon
Media Release
.S. crude closed $1.26 higher at $75.19 a barrel after hitting a record $75.40 a barrel trading high earlier Wednesday. The market was was closed Monday and Tuesday for the Independence Day holiday. London Brent crude was up $1.52 at $74.03.
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Orders to U.S. factories for manufactured goods rebounded in May following a big decline in the previous month
Media Release
The Commerce Department reported Wednesday that new orders rose by 0.7 percent in May following a 2 percent plunge in April.
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Economists expect real GDP growth to ease to an annualized 2.9% in the second half as inflation accelerates
Media Release
Economists expect real GDP growth to ease to an annualized 2.9% in the second half as inflation accelerates, a Wall Street Journal survey found. The forecasters' biggest concern was that Fed rate raises may tip the economy into recession.
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The Dow industrials fell more than 90 points
Media Release
The Dow industrials fell more than 90 points amid new concerns about interest rates and anxiety over North Korea's missile test. Oil prices rose above $74 a barrel.
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Kenneth lay died
Media Release
Kenneth lay former Enron chairman who was facing a long prison sentence in the wake of the energy giant's collapse, died suddenly this morning of an apparent heart attack.
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