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Market News from Wall Street

Stocks set for early gains
U.S. stock futures edged higher Thursday morning, as investors attempted to shake off worries about slowing economic growth and looked to corporate earnings.

Stocks fall on economic fears
Stocks fell Wednesday as a worse-than-expected report on durable goods orders and weaker quarterly results from Boeing and others added to concerns about the pace of the economic recovery.

Oil prices drift lower
Oil drifted lower Wednesday, continuing a slide from an 11-week high above $79 a barrel reached last week, as a drop in consumer sentiment and an unexpected build in inventories weighed on prices.

Economy

Jobless claims slide in latest week
The number of Americans filing for initial unemployment insurance fell last week, the government said Thursday.

Obama vs. Big Business
Corporate chiefs may seem hardboiled, but they can be sensitive, too. Take the ruckus they've been raising over what they perceive to be rough treatment from the Obama White House.

California workers stiffed again
California's 200,000 state workers just can't catch a break.

Singapore Business

Singapore c.bank to introduce s-term bills from Q2 2011
SINGAPORE, July 29 (Reuters) - Singapore's central bank said on Thursday it will issue short-term bills next year, a fourth instrument for money markets, to help banks manage their liquidity.

Singapore Hot Stocks-NOL rises on strong shipping outlook
SINGAPORE, July 29 (Reuters) - Shares of Neptune Orient Lines <NEPS.SI>, the world's fourth largest container shipper, rose as much as 2.5 percent on Thursday on expectations the firm will announce better-than-expected earnings next week.

Singapore Hot Stocks-Genting rises after rosy Sands results
SINGAPORE, July 29 (Reuters) - Shares in casino operator Genting Singapore <GENS.SI> rose 2.4 percent on Thursday after a rival company reported a strong performance from its Singapore operations.

Business

Stock futures up on Europe data ahead of jobless claims (Reuters)

Traders work on the floor of the New York Stock Exchange, July 22, 2010. REUTERS/Brendan McDermidReuters - Stock index futures rose on Thursday following two days of declines for the S&P 500 after upbeat European economic data and ahead of an expected drop in U.S. jobless claims.


Exxon profit jumps 85 percent (Reuters)

Exxon Mobil CEO Rex W. Tillerson addresses reporters at a news conference at the conclusion of the Exxon Mobil Shareholders Meeting in Dallas, Texas in this May 27, 2009 file photo. REUTERS/Jessica RinaldiReuters - Exxon Mobil Corp reported a better-than-expected second-quarter profit on Thursday, as oil prices and margins to process crude into fuel rebounded from a year earlier and production rose.


Jobless claims fall 11,000 last week (Reuters)

Shoppers look at appliances at a Home Depot store in New York in this file image from December 23, 2009. REUTERS/Lucas Jackson/FilesReuters - New U.S. claims for unemployment benefits fell slightly more than expected last week, government data showed on Thursday, offering a ray of hope for the anemic labor market recovery.


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