Friday Papers: US jobless claims fall -- other news

Fri Jul 10, 2009 7:57am BST
 
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* Dow edges up five points and both S&P and Nasdaq harden three points

* US jobless claims fell 52,000 to 565,000 in July 4 week, but improvement may be temporary

* Bank of England signals end game for quantitative easing and leaves interest rates unchanged

* US May inventories down 0.8% vs expected 1% fall

* US House of Representatives approves $2.99 billion FDA budget, up $373 million from full-year 2009

* China has launched its highest profile criticism of the dominant role of the US dollar as a global reserve currency at the G8 meeting

* Citigroup reshuffles senior management with Ned Kelly removed as chief finance officer

* General Motors set to emerge from bankruptcy within hours

* Drop in US demand sends oil price below $60

* ASDA launches new petrol price war

* UK trade deficit narrows to three-year low in May as imports tumble

* Lord Adonis faces questions on East Coast rail franchise

* BT Group doubles pace of its broadband roll-out

* Corus adds 366 jobs to its cull of UK workers

* Police reject calls to reopen probe into News Corp phone tapping

* Gordon Brown eyes cuts to Trident as part of a wider deal to reduce nuclear weapons

* Retailers heed call of online word of mouth, according to Nielsen survey

* Car sales in China surge 48%

* JJB Sports threatens Mike Ashley with legal action over Sir David Jones loan controversy

* new Bank of England MPC recruit quits FSA to ease conflict fear

* Number of AIM market leavers rose in June to 29 companies

 

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