TOP STORIES
U.S. EMPLOYERS ADD 223,000 JOBS
U.S. employers steadily added jobs in June, but wages were flat
and the participation rate fell, suggesting pockets of weakness
remain in the labor market. Unemployment fell to 5.3%.
BP TO PAY $18.7 BILLION TO SETTLE DEEPWATER HORIZON SPILL CLAIMS
BP has agreed to pay $18.7 billion over 18 years to settle all
federal and state claims arising from the Deepwater Horizon oil
spill, five years after the accident.
U.S. STOCKS RISE AFTER JOBS REPORT
U.S. stocks rose and bond prices strengthened as the latest U.S.
jobs report reaffirmed investors' belief that the Federal Reserve
would be patient in raising interest rates.
GLOBAL INFLATION STAYS LOW DESPITE STIMULUS
The annual rate of inflation picked up across the Group of 20
largest economies in May, but remained well below desired levels
across developed nations.
U.S. JOBLESS CLAIMS RISE TO 281,000
The number of Americans filing new claims for jobless benefits
rose last week, but the level remains historically low.
GE'S DIVESTITURE PLANS HIT HURDLES
The Justice Department sued to block General Electric's planned
$3.3 billion sale of its appliance business to Electrolux, leaving
the company with marquee deals in regulatory limbo on two
continents.
INTEL PRESIDENT RENÉ E JAMES TO LEAVE
Intel said Thursday that president René e James is stepping down
to pursue a chief executive role outside the company.
GREECE'S SYRIZA SPARS OVER BAILOUT STRATEGY
A new proposal for budget cuts and policy overhauls from Greek
Prime Minister Alexis Tsipras was dismissed by European officials
as insufficient to revive negotiations over a new bailout.
ECB OFFICIALS DECIDED TO 'LOOK THROUGH' MARKET VOLATILITY
ECB officials decided to look through the volatility in
financial markets that occurred in the weeks before the bank's June
3 meeting, the minutes of that meeting showed.
MEDICAID INSURERS TO MERGE IN $6.3 BILLION DEAL
Centene agreed to buy Health Net for about $6.3 billion in a
move that will boost the Medicaid-focused health insurer's presence
in the western U.S.
TESLA DELIVERIES SURGE BY 52%
Tesla Motors said it delivered 11,507 Model S sedans in the
second quarter of the year, a 52% increase over the prior-year
period and a company record.
UNIVISION FILES FOR IPO
Spanish-language broadcaster Univision launched the process for
an IPO in a filing Thursday with the Securities and Exchange
Commission.
IRAN NUCLEAR TALKS: NO BREAKTHROUGH YET SAYS U.K. FOREIGN SECRETARY
Nuclear negotiations between Iran and the six power group
haven't hit a "breakthrough moment," U.K. Foreign Secretary Philip
Hammond said Thursday.
BRAZIL FEDERAL POLICE ARREST ANOTHER FORMER PETROBRAS EXECUTIVE
Brazil's federal police have arrested another former executive
of state-run energy company Petró leo Brasileiro SA.
OIL PRICES GET SMALL BOOST FROM DOLLAR'S SLIP
Oil prices were up modestly on Thursday, reacting again to a
falling dollar after a data release showed slightly fewer U.S. job
gains than expected.
EU'S ETS NEEDS MORE OVERSIGHT
The European Commission should consider some changes to the
bloc's emissions trading system to further improve the working of
the carbon market and increase investor confidence.
BBC TO CUT OVER 1,000 JOBS
The British Broadcasting Corp., the U.K.'s venerable
state-funded broadcaster, said Thursday it is cutting more than
1,000 jobs to cope with the increasing migration of television
viewers to the Internet.
ENERGIZER INITIATES DIVIDEND, BOOSTS BUYBACKS AFTER SPINOFF
Energizer Holdings, fresh from spinning off its
personal-products business, has declared a first-time 25 cent
dividend and approved the repurchase of an additional 7.5 million
shares of common stock.
BARNES & NOBLE TAPS SEARS CANADA CHIEF
Barnes & Noble hired Sears Canada Chief Executive Ronald
Boire to lead its retail business as the company readies for its
college books spinoff.
TRAIN CARRYING TOXIC GAS DERAILS IN TENNESSEE
A tank car containing a hazardous flammable chemical derailed
and caught fire just south of Knoxville, Tenn., causing the
evacuation of 5,000 residents within a two-mile radius of the
crash.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Wealth Management Journal
ADVISERS: GREEK CRISIS CREATING A BUYING OPPORTUNITY
Financial advisers are buying U.S. and European stocks they
believe have fallen too far and too fast in an overreaction to
Greece's debt woes.
Economics Blog
HILSENRATH ANALYSIS: JOBS REPORT KEEPS FED ON TRACK FOR 2015 RATE INCREASE
The Labor Department's June employment report broadly confirmed
the Federal Reserve's narrative about how the U.S. economic
expansion is unfolding in 2015.