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United States Market and Economy

July 7th, 2007

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Original post by FeedZilla

July 7th, 2007

The downsides to Morningstar’s popular fund tools

BOSTON (MarketWatch) — We’ve all been to parties where assorted guests are hanging by the back door making snide remarks about the hosts. But when the party is the annual Morningstar Investor Conference and the comments are coming from representatives of some top names in the fund world, it’s more than idle gossip, it’s something for average investors to consider.

Original post by FeedZilla

July 7th, 2007

Retail sales sputtered in June

WASHINGTON (MarketWatch) — Investors who’ve been worried about U.S. economic growth being too strong will get a reality check in the coming week from the retail sales figures for June.

Original post by FeedZilla

July 7th, 2007

Saudi, Kuwait shares gain

Saudi shares gained for the fourth straight trading session on Saturday, as the Tadawul All-Share Index rose 2.1% to 7,315.5 points, Bloomberg reported. Sabic rose 2.2%, and Eastern Cement Co gained 4.6% after reporting a 40% increase in Q2 2007 profit. The Kuwait stock market gained 0.6%, with the benchmark index now up 22% this year.

Original post by FeedZilla

July 7th, 2007

Truck bomber kills more than 100 in northern Iraq: reports

More than 100 people were killed Saturday after a suicide bomber detonated a truck laden with explosives in a town north of Baghdad, according to media reports. The explosion, among the deadliest this year, ripped through a crowded market in Amerli, Iraq, wounding more than 260 people and destroying at least 12 structures, CNN reported. Reports say the blast came just hours after a smaller suicide bombing killed 20 in another Shiite village. Separately, the U.S. military reported Saturday that eight U.S. troops have been killed in fighting in Iraq over the past two days.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by FeedZilla

July 7th, 2007

Sprint disconnects clients over excessive inquiries: WSJ

Sprint Nextel Corp. is severing ties with about 1,000 subscribers who call customer service too frequently, according to several media reports. The third-largest wireless carrier mailed letters dated June 29 to disconnected clients stating: ”The number of inquiries you have made has led us to determine that we are unable to meet your current wireless needs,” the reports said. The Wall Street Journal reported that terminated subscribers called an average of 25 times a month at a rate 40 times higher than average customers, according to Roni Singleton, a spokeswoman for Sprint. Some of the calls were related to billing issues, she said. Customers have been given until the end of July to find new service.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Original post by FeedZilla

July 7th, 2007

Prosecutors seek seven years for ex-Qwest CEO Nacchio

SAN FRANCISCO (MarketWatch) — Former Qwest Communications International Inc. Chief Executive Joseph Nacchio could spend more than seven years in prison for illegal stock trading if a U.S. District Judge in Denver accepts the recommendations of federal prosecutors.

Original post by FeedZilla

July 7th, 2007

Energy to Spare

Equities posted moderate gains on Friday as traders digested higher energy prices, a rise in bond yields and a jobs report that showed payrolls climbed faster than expected. The unemployment rate held steady at 4.5%. The CME raised its bid for the CBOT.

Original post by FeedZilla

July 7th, 2007

HIV drugs leading to big gains for Gilead

SAN FRANCISCO (MarketWatch) — Gilead Sciences Inc. is one of those rare companies that appear to be in a position to do some good for the world, while at the same time keep investors happy with high earnings and a strong stock performance.

Original post by FeedZilla

July 7th, 2007

Second-quarter earnings look slimmer; Alcoa to tee off Monday

SAN FRANCISCO (MarketWatch) — Profits at the largest U.S. companies likely increased at a slower clip in the second quarter as rising interest rates and drags from autos and housing kept a lid on growth. But an unlikely mix of industrial heavyweights and tech firms are nevertheless expected to shine.

Original post by FeedZilla