US economy sheds half as many jobs as expected
Markets were cheered this afternoon by much better-than-expected US non-farm payrolls data, which showed the economy lost just 54,000 jobst in August, half as many as feared.
Wall Street had been expecting a fall of 100,000. July’s drop of 131,000 has also been revised to a drop of 54,000. Employment has been falling for three months [...]
BP shares may have further to fall
With BP unable to cap the Gulf of Mexico leak soon, and the White House outraged, investors will bide their time
The value of BP has fallen by £20bn since the disaster in the Gulf of Mexico a fortnight ago, or by about twice as much as the current steepest estimate of the eventual clean-up bill. [...]
Yahoo celebrates as profits rise and stability returns after cuts
After three years of faltering financials, the internet company Yahoo declared that its businesses have ’stabilised’ as deep cost cuts and a strategic overhaul yielded a 244% surge in quarterly profits
After three years of faltering financials, the internet company Yahoo declared that its businesses have “stabilised” as deep cost cuts and a strategic overhaul yielded [...]
