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Bleak payrolls report mauls Wall St; volume thin
(Reuters)
Reuters - Stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects.
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U.S. job losses spike in June, dampen recovery hopes
(Reuters)
Reuters - U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in nearly 26 years, underscoring the likelihood of a long, slow recovery from recession.
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J&J buys $1 billion Elan stake, gains Alzheimer's R&D
(Reuters)
Reuters - Johnson &Johnson has agreed to pay $1 billion for an 18.4 percent stake in Irish drugmaker Elan Corp , and will acquire a major stake in Elan's portfolio of experimental drugs to treat Alzheimer's disease.
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