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Stocks rally as jobs data spurs optimism (Reuters)

Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidReuters - Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.



Payrolls data offer ray of hope for recovery (Reuters)

People wait in line to enter the City University of New York (CUNY) Big Apple job fair in New York, April 23, 2010. REUTERS/Shannon StapletonReuters - Employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.



Campbell Soup profit beats Street but sales light (Reuters)

Cans of vegetable Campbell's Condensed Soup are stocked on a shelf at a grocery store in Phoenix, Arizona, February 22, 2010. Campbell's Soup Co has been having a tough time getting its soups from the store shelf to the home pantry. REUTERS/Joshua LottReuters - Campbell Soup Co posted lower-than-expected quarterly sales and forecast sales growth for the new fiscal year below its long-term target as the world's largest soup company grapples with a weak economy.



China tells state companies to explore Potash bid (Reuters)

PotashCorp mill general superintendent Trevor Berg holds a handful of chicklet potash at a potash holding centre at the Cory mine facilities near Saskatoon, August 19, 2010. REUTERS/David StobbeReuters - Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.



Obama says to address new economic ideas next week (Reuters)

President Barack Obama delivers remarks on the latest employment statistics released on Friday, alongside Treasury Secretary Tim Geithner in the Rose Garden of the White House, September 3, 2010. REUTERS/Jason ReedReuters - President Barack Obama will outline new measures next week to boost the U.S. economy after August data on Friday showed again that jobs -- the central issue in November elections -- were being created too slowly.



Ex-hedge fund manager charged with insider trading (Reuters)
Reuters - A former hedge fund manager has been accused by a U.S. regulator of illegal insider trading in MedImmune Inc securities prior to the acquisition of the pharmaceutical company by Britain's AstraZeneca Plc.


Obama: jobs data 'positive' but not enough (AFP)

US President Barack Obama(L), seen with Treasury Secretary Timothy Geithner in the Rose Garden at the White House, said better-than-expected jobs data released Friday was positive, but said it was not good enough as the economy struggles out of the deepest slump in decades.(AFP/File/Saul Loeb)AFP - US President Barack Obama said better-than-expected jobs data released Friday was positive, but said it was not good enough as the economy struggles out of the deepest slump in decades.



Campbell reports Q4 profit rise on better margins (AP)

In this June 19, 2010 photograph, people walk along inside the new building at the Campbell Soup Co. headquarters, in Camden, N.J.  The Campbell Soup Co. said Friday, Sept. 3, 2010, it made a profit of $113, or 33 cents per share during the fourth fiscal quarter, when the temperature rises and its soup sales traditionally drop.  (AP Photo/Mel Evans)AP - Summer is rarely a hot sales season for Campbell Soup Co., and this year's sweltering June and July made that even more true, but the company said Friday that cost-cutting and strong drink sales helped its net income climb.



Experts see trouble ahead for developed world (AP)

Israeli President Shimon Peres, center, arrives for the 'Intelligence on the World, Europe, and Italy' economic forum, at Villa d'Este, in Cernobbio, on Lake Como, Italy, Friday, Sept. 3, 2010. (AP Photo/Luca Bruno)AP - Is the global economy out of the woods? Two years after near-meltdown, with the U.S. looking sluggish, equity markets groggy and Europeans fighting a debt crisis, experts gathered in Italy offered a generally gloomy outlook — especially for the United States and much of the industrialized world.



Petrobras sells 64 bln dlrs of stock to fund oil exploration (AFP)

An oil platform off the coast of Brazil. Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.(AFP/File/Antonio Scorza)AFP - Brazil's Petrobras unveiled one of the world's biggest share offerings Friday, a sale of up to 64 billion dollars in new stock to finance oil exploration aimed at turning Brazil into a leading oil exporter of the 21st century.



Spending cuts before 2011 could hurt recovery: IMF, ILO (AFP)

The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.(IMF)AFP - The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery.



Walgreen August same-store sales rise 2.1 percent (AP)
AP - Walgreen Co. reported same-store-sales rose 2.1 percent for August on Friday, just shy of Wall Street estimates.


MGIC added $1.2B in mortgage coverage in August (AP)
AP - Private mortgage insurer Mortgage Guaranty Insurance Corp. said Friday it added $1.2 billion in new primary insurance coverage in August and the number of delinquent loans it insures declined.


Court reinstates markup law for Wisconsin gasoline (AP)
AP - A federal appeals court on Friday reinstated Wisconsin's 71-year-old minimum markup law on gasoline, a decision that could save some jobs but increase the cost of gas.


Stranded actor Paul Hogan in Australia tax deal (Reuters)
Reuters - Actor Paul Hogan, star of the "Crocodile Dundee" movies, has struck a deal with Australia's tax office which will allow him to return home to his family in Los Angeles, his lawyer said on Friday.


GM to unveil Cruze compact sedans (AP)
AP - General Motors said Friday that it will launch its Chevrolet Cruze compact sedan next week at the Ohio factory that makes the car.


Crafting a Career in Eco-Chic Jewelry (BusinessWeek)
BusinessWeek - Goldman Sachs may not have a lot of friends in the White House these days, but one of its former employees has made a good impression. After three years as an analyst in Goldman's fixed-income, currencies, and commodities division, Monique Pean began her own jewelry line that can now be found in Barneys, Jeffrey New York, and around the neck of Michelle Obama.