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US jobless rate in June jumps to nine-year high
The US jobless rate surged to a nine-year high in June as employers cut 30,000 workers from their payrolls, the government said in an unexpectedly gloomy report on the economy on the eve of the country's Independence Day celebrations.
Dow up, Nasdaq finishes lower
Blue-chip stocks eked out slight gains on Friday amid renewed hopes for a recovery, but the Nasdaq finished lower on near record volume as investors booked profits from a rally on news of Oracle Corp#8217;s proposed takeover of software rival PeopleSoft Inc.
Din's penchant for perfection pays off
Ahmad Fadzidin Arshad, or Din as he wants to be known, has achieved what most people can only dream of doing. He is managing director of a company, Aeradio Instrumentation Sdn Bhd (AI).
US stocks fall, bonds gain
Stocks slumped on Friday while bonds rose as gloomy corporate news and a report showing anaemic US economic growth sent investors in search of a safe haven.
US CEOs view on economy bleak
Chief executives at top US companies expect a weaker economic performance this year than in 2002, and many believe they will need to reduce payrolls over the next six months, a new survey has found.
Little hope seen for post-war boom in US
The US economy seems to have all but stalled in recent months #8211; or perhaps even contracted #8211; and a raft of gloomy data have economists worried that a revival may be difficult even if the Iraq war ends swiftly.
Modest gains for blue chips
Blue chips scraped out modest gains on Friday as US-led forces closed in on Baghdad, but technology stocks slumped under the weight of earnings warnings from companies like software maker PeopleSoft Inc.
US consumers fret about war and jobs
The latest snapshot of US consumers has shown that confidence was near decade lows even before the grim realities of war in Iraq invaded TV screens, and that pervasive worries about jobs could stifle any relief rally once the conflict is over.
Better outlook seen in residential, auto sectors
A BETTER outlook is expected in the residential property and automotive sectors in the short-term, the Malaysian Institute of Economic Research (Mier) said in its 4th quarter Sectoral Survey conducted recently.
Fed holds fire on rates, pledges surveillance
US Federal Reserve policy-makers have held interest rates at 1961 lows, contending that uncertainties caused by the pending war in Iraq are so extreme they could not gauge the American economy#8217;s prospects.
