Business Today: Stock futures up ahead of ADP

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Good Morning Robert, THU 03 Jun 2010 
 
Stock futures up ahead of ADP
Early May retail sales show erratic recovery
Private sector adds 55,000 jobs in May
Time to consider rate hikes nearing: Fed's Lockhart
G20 aims to reduce red ink and keep recovery on track
UK fines JPMorgan record $49 million
BP to speak with analysts Friday, shares rise
Facebook CEO says no date in mind for IPO
Swiss upper house backs UBS tax deal with U.S.
Costco May same-store-sales lower than Street view


Stock futures up ahead of ADP
June 03, 2010 08:08 AM ET
NEW YORK (Reuters) - U.S. stock index futures pointed to a higher opening on Thursday on hopes that an upcoming report on the labor market will show improvement in the economy.

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Early May retail sales show erratic recovery
June 03, 2010 08:33 AM ET
DETROIT (Reuters) - May brought mixed sales results for retailers, with early reports on Thursday suggesting an erratic recovery in consumer spending during a seasonally weaker period of shopping.

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Private sector adds 55,000 jobs in May
June 03, 2010 08:34 AM ET
NEW YORK (Reuters) - Private employers added 55,000 jobs in May, compared with an upwardly revised gain of 65,000 in April, a report by a payrolls processor showed on Thursday.

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Time to consider rate hikes nearing: Fed's Lockhart
June 03, 2010 08:36 AM ET
ATLANTA (Reuters) - The U.S. economy is almost strong enough to allow the Federal Reserve to begin thinking about raising interest rates, Atlanta Fed President Dennis Lockhart said on Thursday.

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G20 aims to reduce red ink and keep recovery on track
June 03, 2010 07:29 AM ET
BUSAN, South Korea (Reuters) - Disagreements over how quickly to reduce billowing budget deficits and restore balance to the global economy risk straining high-level Group of 20 talks that started on Thursday.

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UK fines JPMorgan record $49 million
June 03, 2010 07:53 AM ET
LONDON (Reuters) - U.S. investment bank JP Morgan Securities Ltd has been fined a record 33.32 million pounds ($49.12 million) in Britain for failing to protect billions of dollars of client money over almost seven years.

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BP to speak with analysts Friday, shares rise
June 03, 2010 05:03 AM ET
LONDON (Reuters) - British oil giant BP will speak with analysts on Friday, a spokeswoman for the company said after analysts pointed to a planned conference call as one possible reason for a spike in its battered shares.

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Facebook CEO says no date in mind for IPO
June 02, 2010 10:29 PM ET
PALOS VERDES (Reuters) - Facebook Chief Executive Mark Zuckerberg said he has no date in mind to take the Internet social networking company public, and defended changes to the service that have provoked privacy concerns.

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Swiss upper house backs UBS tax deal with U.S.
June 03, 2010 07:25 AM ET
ZURICH (Reuters) - The Swiss parliament's upper house on Thursday backed a Swiss-U.S. tax deal that averted the risk of crippling legal action against UBS but punched a hole in the country's treasured bank secrecy.

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Costco May same-store-sales lower than Street view
June 03, 2010 08:09 AM ET
(Reuters) - Costco Wholesale Corp said it saw May sales in stores open at least a year rise 9 percent, slightly less than Wall Street forecasts for the period, which included an extra day compared with a year ago due to the shift in the Memorial day holiday.

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