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Lawrence Journal World in Lawrence, Kansas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Lawrence Journal World

Location

Lawrence, Kansas, United States of America

Date

Jul 28, 2012

Page

7

Unemployment Stays High as Slow GDP Slows U.S. Growth

The Commerce Department reports the economy grew at about 1.5 percent annual rate in the April-June quarter, with weak consumer spending keeping growth tepid and unemployment at 8.2 percent. Economists expect little improvement this year, forecasting 8.3 percent by year’s end. markets rose on European pledges to preserve the euro, while policy actions to boost growth remain uncertain.

Washington Europe U.S Commerce Department Dan Greenhaus Btig LLC Sal Guatieri BMO Capital Markets Barack Obama Mitt Romney Fed White House Congress Steven Senne Maria Contrero Boston New Balance Athletic Shoe Inc USS

Germanys frugal culture shapes euro crisis stance

German thrift runs from groceries to mortgages and cash reliance. Berlin rejects debt, favoring cash and high down payments, with Merkel's austerity push popular. Only 36 percent hold cards. most payments are cleared in full. Merkel posture gains 64 percent support in Stern poll.

Berlin Stockholm Angela Merkel Germany France Europe Greece Italy Spain Britain U.S European Union Ireland European Mortgage Federation World Bank Rainer Hoedt Merkel Stern Magazine

Facebook stock proves volatile as investors weigh long term view

Notable Dd Investors dump Facebook stock amid slowing revenue growth and missing outlook. Analysts warn near term investors should expect volatility for years. Some say the stock is a longer term bet with potential as Facebook transitions from desktop to mobile.

Facebook Christian Bertelsen Global Financial Private Capital Baird Colin Sebastian

Friday Market Summary with Key Indices and Commodities

Friday markets show the Dow at 13,075.66 after a 187.73 rise while the Nasdaq reaches 2,958.09 and the S&P 500 sits at 1,385.97 up 25.95. Bond yields move with the 30 year at 2.64 percent. Oil climbs to 90.13 a barrel, gold prices at 1618, silver 27.50. Corn 7.93, soybeans 16.02, wheat 9.06.

Dow Industrials S&p Treasury Chicago Kansas City New York

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