WASHINGTON (Reuters) - New claims for U.S. state jobless benefits rose for the fifth time in six weeks and consumer prices fell in May, opening the door wider for the U.S. Federal Reserve to help an economy that shows signs of weakening.
Reuters
Bair decries hyperventilation over JPMorgan loss
WASHINGTON (Reuters) - Sheila Bair, the former regulator who helped steer the U.S. financial system through the recent credit crisis, said JPMorgan Chase & Co's multibillion-dollar trading loss needs to be put in perspective.
Wall Street rises on news central banks primed to act
NEW YORK (Reuters) - Stocks jumped on Thursday after news major central banks are preparing coordinated action if the results of Greek elections this weekend lead to turmoil in financial markets.
Lockheed brings in more workers as strike drags on
WASHINGTON (Reuters) - Lockheed Martin Corp , under intense pressure from the Pentagon to reduce labor and pension costs, said on Thursday it would hire more temporary workers to maintain production at its Fort Worth, Texas, plant, where a key union has been on strike for eight weeks, mainly over future pension benefits.
