DAI: Wall Street slumps on jobs data and Europe woes

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Good evening Postlinuxeg, FRI 04 Jun 2010 
 
Wall Street slumps on jobs data and Europe woes
Chrysler recalls more than 25,000 vehicles
Job growth disappoints on weak private sector hiring
Wal-Mart sets $15 billion buyback, to boost jobs 23 percent
G20 policymakers candid about world economic risks
Prudential seeks business as usual, investor fury eases
AgBank IPO draft forecasts '10 net profit up 28 percent
Bernanke to testify at House budget hearing Wednesday
McDonald's recalls 13.4 million "Shrek" drinking glasses
Increasingly hawkish Fed ponders raising rates


Wall Street slumps on jobs data and Europe woes
June 04, 2010 04:16 PM ET
NEW YORK (Reuters) - Stocks stumbled to their lowest close since February on Friday after May's jobs figure slammed investors already reeling from worry over another developing debt crisis, this time in Hungary.

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Chrysler recalls more than 25,000 vehicles
June 04, 2010 02:40 PM ET
DETROIT (Reuters) - Chrysler is recalling more than 25,000 Dodge Caliber and Jeep Compass vehicles to address the risk that accelerator pedals could become stuck and cause unintended acceleration, the automaker said on Friday.

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Job growth disappoints on weak private sector hiring
June 04, 2010 01:00 PM ET
WASHINGTON (Reuters) - Hiring by U.S. private employers slowed sharply in May, a setback for the economy's recovery, even as temporary census hiring pushed overall payrolls growth to its fastest pace in 10 years.

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Wal-Mart sets $15 billion buyback, to boost jobs 23 percent
June 04, 2010 04:37 PM ET
FAYETTEVILLE, Arkansas (Reuters) - Wal-Mart Stores Inc plans to buy back $15 billion more of its shares and expects to add over 500,000 employees in the next five years as it increases its global presence.

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G20 policymakers candid about world economic risks
June 04, 2010 02:25 PM ET
BUSAN, South Korea (Reuters) - Leading policymakers spoke with unusual frankness on Friday of their fears that the euro zone's financial and banking woes could derail the global economic recovery.

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Prudential seeks business as usual, investor fury eases
June 04, 2010 09:10 AM ET
LONDON (Reuters) - Prudential will try to draw a line under its botched Asian takeover at an investor meeting on Monday amid signs that investor fury over the deal is abating.

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AgBank IPO draft forecasts '10 net profit up 28 percent
June 04, 2010 11:05 AM ET
HONG KONG/SHANGHAI (Reuters) - Agricultural Bank of China , preparing for the world's largest-ever IPO, unveiled key financial figures on Friday, detailing plans to issue up to 47.6 billion new shares and forecasting a sharp rise in yearly net profit.

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Bernanke to testify at House budget hearing Wednesday
June 04, 2010 09:49 AM ET
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke will testify before the House Budget Committee on Wednesday, the Federal Reserve announced on Friday.

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McDonald's recalls 13.4 million "Shrek" drinking glasses
June 04, 2010 02:45 PM ET
DETROIT (Reuters) - McDonald's Corp has recalled at least 13.4 million "Shrek"-themed drinking glasses in the United States and Canada after consumers were warned to stop using them because they contain the toxic metal cadmium.

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Increasingly hawkish Fed ponders raising rates
June 04, 2010 07:53 AM ET
ATLANTA (Reuters) - Three top Federal Reserve officials said on Thursday it may soon be time to begin raising interest rates as the economic recovery in the United States gathers momentum, despite persistently high unemployment.

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