Reuters - U.S. inflation will likely stay
contained but is at the top end of a price-stability zone and
interest-rate policy should aim to move it down, Chicago
Federal Reserve President Michael Moskow said on Friday.
Reuters - Wall Street investment bank
Goldman Sachs Group Inc. on Friday said it would name
Lloyd Blankfein its chairman and chief executive should current
chief Henry "Hank" Paulson's nomination as U.S. Treasury
Secretary be confirmed by Congress.
Reuters - U.S. employers added only 75,000 new
jobs in May, the Labor Department said on Friday in a report
that signaled slower economic growth and led financial markets
to slash bets on further interest-rate increases.
Reuters - U.S. blue-chips slipped on Friday as
investors worried that a government report showing weaker jobs
growth may be pointing to an economic slowdown, which would
hurt corporate profits.
Reuters - GlaxoSmithKline Plc is to bid
more than $15 billion for the consumer healthcare business of
U.S. rival Pfizer Inc , people familiar with the
situation said on Friday.
