DAI: Wall Street gains as tech soars

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Good evening Postlinuxeg, THU 03 Jun 2010 
 
Wall Street gains as tech soars
Fed should raise rates to 1 percent: Hoenig
Dell CEO says has considered taking company private
Jobs data show labor market improving
Retailers' sales lackluster as consumers remain wary
BP credit ratings cut as oil-spill costs mount
Luxury brands warming to the Web
"Flash crash" a record day at TD Ameritrade: CEO
Bernanke says job scarcity a concern
G20 aims to reduce red ink and keep recovery on track


Wall Street gains as tech soars
June 03, 2010 04:35 PM ET
NEW YORK (Reuters) - Stocks rose on Thursday, led by a late-day surge in technology shares as investors geared up for a strong unemployment report on Friday.

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Fed should raise rates to 1 percent: Hoenig
June 03, 2010 02:39 PM ET
BARTLESVILLE, Oklahoma (Reuters) - A top Federal Reserve official on Thursday made a bold call for the U.S. central bank to raise its key interest rate to 1 percent by the end of summer, saying the economy is strong enough to support such a hike.

Full Article
Dell CEO says has considered taking company private
June 03, 2010 04:25 PM ET
SAN FRANCISCO (Reuters) - Dell Inc's chief executive said on Thursday he has considered taking the company he founded private, and said the transformation of the computer maker is still incomplete.

Full Article
Jobs data show labor market improving
June 03, 2010 04:31 PM ET
NEW YORK (Reuters) - Private sector employers added jobs in May and the economy's dominant services sector increased payrolls for the first time in more than two years, building evidence that the labor market was picking up steam.

Full Article
Retailers' sales lackluster as consumers remain wary
June 03, 2010 12:58 PM ET
DETROIT (Reuters) - May brought lackluster sales results for retailers, with discount chains turning in the strongest performance, as consumers again showed their cautious side in a fitful economic recovery.

Full Article
BP credit ratings cut as oil-spill costs mount
June 03, 2010 01:32 PM ET
LONDON (Reuters) - Fitch Ratings downgraded BP, reversing its view that the Gulf of Mexico oil spill would have a limited financial impact on the company, and was joined by Moody's as fears grow over clean-up and legal costs.

Full Article
Luxury brands warming to the Web
June 03, 2010 12:52 PM ET
LONDON (Reuters) - Luxury groups are finally warming to the Internet, lured by surging sales and a wider audience for their brands, though lingering suspicions could limit the level of online penetration compared with the wider retail sector.

Full Article
"Flash crash" a record day at TD Ameritrade: CEO
June 03, 2010 02:53 PM ET
NEW YORK (Reuters) - The jarring "flash crash" on May 6 yielded a record trading day at TD Ameritrade Holding Corp , though some of its customers were upset with the market breakdown that day, the U.S. online brokerage's chief said on Thursday.

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Bernanke says job scarcity a concern
June 03, 2010 01:23 PM ET
DETROIT (Reuters) - Lending to small businesses is declining, making it more difficult to counter the persistent problem of high unemployment, Federal Reserve Chairman Ben Bernanke said on Thursday.

Full Article
G20 aims to reduce red ink and keep recovery on track
June 03, 2010 11:29 AM ET
BUSAN, South Korea (Reuters) - Disagreements over how quickly to reduce billowing budget deficits and restore balance to the global economy risk straining high-level Group of 20 talks that started on Thursday.

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