West Virginia unemployment hits 29-year low in May
West Virginia's May job market improved with 6 800 new positions and an unemployment rate of 4 3 percent the lowest for May since 1976. Construction gains 2100 and service sectors add 4100 while information declines by 100 jobs and the national rate slips to 5 1 percent.
MENTIONED IN THIS ARTICLE
W.va
Charleston
West Virginia
State Bureau of Employment Programs
Morgan Stanley Chief Purcell to retire as successor found
Morgan Stanley chief executive Philip J. Purcell said he will retire once a successor is found amid calls for his ouster and a wave of departures. The bank also warned second quarter earnings would drop 15 to 20 percent from the first quarter. Purcell, 61, described the press of dissidents and a distraction to business goals.
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NEW York
Morgan Stanley
Philip J. Purcell
Wall Street Investment Bank
Purcell
Stocks finish modestly higher as data loom
Stocks rose modestly in a volatile session in New York as investors weighed rising oil, Morgan Stanley Chief Executive Phil Purcell’s retirement, and a heavy week of data on inflation and retail sales. The Dow gained 9.93 points to 10,522.56, while the S&P 500 advanced 2.71 to 1,200.82.
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Dow Industrials
Dow Utilities
Dow Transportation
NYSE
S&p MidCap
Russell
Wilshire
EW York
Morgan Stanley
Phil Purcell
Wall Street
Scott Wren
Equity
A.G. Edwards & Sons
Dow
Standard & Poor
Supreme Court leaves FCC media ownership rules dispute unresolved
The Supreme Court refused to hear appeals from Newspaper Association of America Tribune Co National Association of Broadcasters Media General Gannett Belo Morris CBS Fox NBC seeking restoration of looser FCC ownership limits The ruling upholds a lower court decision striking down the rules and sends the agency back to revise its policy to address cable satellite and Internet competition while critics warn of reduced diversity
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Washington
Supreme Court
Federal Communications Commission
Congress
Newspaper Association of America
Tribune Co
National Association of Broadcasters and
Media General
Gannett Co
Belo Corp
Morris Communications
CBS
Fox
NBC
Stephen G. Breyer
3Rd U.S. Circuit Court of Appeals
FCC
Newspaper Association States
Treasury bills rise as auctions set four-year highs
The Treasury auctioned 17 billion in three month bills at 2.975 percent and 15 billion in six month bills at 3.120 percent, both up from last week, marking the highest rates since September 2001. The Fed said one year bill yields edged to 3.30 percent, up from 3.28 percent the prior week.
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Washington
Treasury
Treasury Department
Federal Reserve
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