Wikinvest Wire

Friday morning links

Friday, June 05, 2009

TOP STORIES
Jobless rate hits 9.4 percent in May; layoffs slow - AP
Mozilo Saw Countrywide ‘Flying Blind,’ Dumped Stock - Bloomberg
European banks in spotlight as Baltic crisis hits Sweden - Telegraph
Detroitosaurus wrecks: The decline and fall of General Motors - Economist
Southern California property values sink below historic norms - LA Times
‘Legacy of Debt’ Gives Fiscal Stimulus Bad Name - Bloomberg
FDIC eyes Citi top management shake-up - Reuters
Chrysler Enters Legal Homestretch - Wash. Post

MARKETS/INVESTING
Oil rises to new high for 2009 as it nears $70 a barrel - USA Today
Gold Drops in London, Heading for Weekly Decline, on Dollar - Bloomberg
Higher commodity prices may not be good news - Economist
Will Gold reach $2,000 an ounce by 2010? - Commodity Online
Miner Rio Tinto scraps Chinalco deal - AP
Investors Try Angles On Auction Market - IBD

ECONOMY
U.S. jobless rate hits 26-year high - Reuters
Tony Las Vegas development struggles in downturn - AP
A Race to Keep Up With the Tightwads - Wash. Post
When demand releases, it may be shop 'til you drop time - USA Today
Wal-Mart to add 22,000 jobs in U.S. - Reuters

INTERNATIONAL
Canada's jobless ranks swell - Globe & Mail
Russia's ailing economy: Red square blues - Economist
Luckiest Economy Shines in Down-and-Out World - Bloomberg
Interest rates: credit card rates rise despite low Bank Rate - Telegraph
China May Buy $50 Billion of IMF Bonds, SAFE Says - Globe & Mail
Latvia Premier Says Devaluation Speculation Must Stop - Bloomberg
Committee seeks greater scrutiny for Fed actions - FT
British politics: Rearranging the deckchairs - Economist

HOUSING
As interest rates rise, housing market groans - CSM
Housing Market Struggles, Home Sellers Slash Prices - 24/7 Wall St.
Observer says right buyers can stabilize housing market - LVRJ
Global house prices: Bottom fishing - Economist

FED/TREASURY/BANKING
Central banks' exit strategies: This way out - Economist
Conversions for 22% of Stress-Test Capital - Bloomberg
Bank of America Ousts Head of Risk Oversight - NY Times
Accounting Rule Changes Mask Looming Loan Losses - Bloomberg

INTERESTING
Drinking to Excess Is Banking’s Hangover Cure - Bloomberg
Soaring gun sales in Arizona: Planning for the worst - Economist
Ailing, Banks Still Field Strong Lobby at Capitol - NY Times
Apple's Jobs ready to return from leave: report - Reuters

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