U.S. stocks slump again ahead of jobs report

NEW YORK (MarketWatch) — U.S. stocks finished Thursday’s volatile session well off earlier lows but still in the red after reports on joblessness, manufacturing, and housing fueled concern about the economy ahead of the key monthly employment report Friday. After slumping by more than 150 points during the session, the Dow Jones Industrial Average ended [...]

House agrees to extend jobless benefits

WASHINGTON (MarketWatch) — The House of Representatives on Thursday approved extending some federal unemployment insurance benefits, but since the Senate has not yet agreed to an extension, more than 1 million jobless workers remain cut off from the weekly checks. House lawmakers voted 270 to 153 to approve a six-month extension for the benefits, funding [...]

Scientists find genetic data linked to long life

SAN FRANCISCO (MarketWatch) — Researchers at Boston University have found genetic signatures that may identify whether a given person is likely to live to an old age, according to a study published in the journal Science Thursday. The study looked at genetic data in 1,055 people aged 100 years or older and 1,267 control subjects [...]

Crude falls 3.5%; nat gas up 5.2% on inventories

SAN FRANCISCO (MarketWatch) — Crude-oil prices fell 3.5% on Thursday, moderating some losses as the stock market clawed back from steeper declines. A string of negative macroeconomic reports knocked down equities and most commodities, but natural gas futures bucked the trend after a government report showed a smaller-than-expected rise in inventories. August crude lost $2.68 [...]

Volkswagen U.S. sales up 10.6% in June

SAN FRANCISCO (MarketWatch) — Volkswagen of America Inc. said Thursday its U.S. sales in June rose 10.6% to 21,051 vehicles from 19,027 a year earlier. Sales of Rabbit and Golf models jumped 187% to 1,570 units last month. Volkswagen said June marked the 12th consecutive month of year-on-year sales increase. Read the full story on [...]

CORRECT: Gold settles 3.2% lower, silver tanks 5%

SAN FRANCISCO (MarketWatch) — Gold futures ended 3.2% lower on Thursday as markets broadly sold off and Treasurys took over gold’s customary safety appeal. Gold for August delivery was off $39.20, or 3.2%, to $1,206.70 an ounce. It was bullion’s biggest one-day drop since February 4, when gold lost 4.4%. Silver retreated 92 cents, or [...]

Economists warn Congress of fragile recovery

WASHINGTON (MarketWatch) — Worries about mounting debt shouldn’t stop Congress from passing modest measures to expand unemployment benefits and help states balance their budgets, two economists testified Thursday at the House Budget Committee. “Until the economy is expanding solidly, federal policymakers should not risk reducing their support,” said Mark Zandi, chief economist for Moody’s Analytics [...]

Nissan U.S. June sales increase by 10.8%

SAN FRANCISCO (MarketWatch) — Nissan Motors said Thursday that its U.S. June sales increased by 10.8% to 64,570 vehicles from 58,298 in the year-ago period. Truck sales drove the increase, rising 20.8% to 21,896 vehicles, compared with a 6.2% increase in car sales to 42,674 vehicles. Read the full story on MarketWatch

Losses mount for oil as it nears floor trade end

SAN FRANCISCO (MarketWatch) — Oil futures tanked 4.2% Thursday as concerns about the pace of the global recovery and its impact on oil demand flared up after a string of negative macroeconomic reports. Oil for August delivery retreated $3.15 to $72.45 a barrel with less than half an hour left of floor trading. Read the [...]

Honda U.S. June sales increase by 6.2%

SAN FRANCISCO (MarketWatch) — Honda Motor Co. said Thursday its June U.S. sales rose 6.2% to 106,627 vehicles from 100,420 in the year-ago period. Total car sales increased by 7.8% to 62,229, and total truck sales grew by 3.9% to 44,398 vehicles. Honda brand sales for June rose 4% to 95,788 units, and Acura brand [...]

Derivatives allowed lenders to hike risk: Gensler

WASHINGTON (MarketWatch) – The existence of insurance derivative credit default swaps allowed for the mortgage underwriting practices of lenders to be lowered because it allowed for others, such as American International Group Inc., to take on the risk, a key securities regulator said Thursday. “Someone else was bearing the risk, AIG and others and underwriters [...]

Toyota U.S. June sales increase by 6.8%

SAN FRANCISCO (MarketWatch) — Toyota Motor Corp. said Thursday that its U.S. June sales rose by 6.8% to 140,604 vehicles from 131,654 in the year ago period. Passenger car sales were the weakest catagory with Toyota sales falling 2.2% to 73,811 vehicles, and Lexus sales declining 6.6% to 8,149 units. Total light truck sales increased [...]

BMW U.S. June sales grow by 11.9%

SAN FRANCISCO (MarketWatch) — BMW said Thursday that June U.S. sales rose 11.9% to 23,331 vehicles from 20,849 in the year-ago period. Sales of BMW autos increased by 6.6% to 14,490 units, while light truck vehicle sales jumped 48.9% to 4,692 vehicles. Mini sales for June rose 1.1% to 4,149 vehicles. Read the full story [...]

Individuals add to stocks in June: AAII survey

NEW YORK (MarketWatch) — Individual investors increased their holdings of stocks in June, though still keep a smaller percentage than average in equities, according to the American Association of Individual Investors. Investors held 52.9% of assets in stocks and stock funds, up 1.9 percentage points from May and compared to the historical average of 60%, [...]

U.S. stocks pare decline as consumer shares rise

NEW YORK (MarketWatch) — U.S. stocks shaved their losses Thursday as consumer discretionary shares rebounded, lifted in part by car manufacturer Ford Motor Co. , which reported a 13.3% jump in sales for June. After a roughly 150-point drop, the Dow Jones Industrial Average was more recently down 55.66 points at 9,718.36. The S&P 500 [...]

SEC probe weighs on Almost Family, Amedisys

BOSTON (MarketWatch) — Shares of home health-care providers Almost Family Inc. and Amedisys Inc. fell sharply Thursday on news that the Securities and Exchange Commission was investigating the companies. In separately released statements, both companies said the SEC had subpoenaed documents related to an on-going investigation by the Senate Finance Committee into their Medicare billing [...]

Hyundai June U.S. sales jump 35%; Kia sales up 19%

SAN FRANCISCO (MarketWatch) — Korean automakers reported significant gains in June U.S. vehicle sales Thursday. Hyundai Motor America said U.S. June sales jumped 35% to 51,205 vehicles from 37,943 in the year-ago period. Sonata sales rose 48.7% to 17,771 vehicles, and Elantra sales more than doubled to 14,245 in June. Separately, Kia Motors America said [...]

Gold contracts set record open interest: CME

NEW YORK (MarketWatch) — Open interest in gold futures hit a record high of 605,792 contracts on Wednesday, the CME Group reported. This volume tops 603,688 contracts set on June 25. Gold futures posted a record high of $1,258.30 an ounce on June 18, sparking heightened investor interest. Open interest on Thursday hovered around 360,000 [...]

BJ’s surges on report of Green Equity’s 9.5% stake

NEW YORK (MarketWatch) — BJ’s Wholesale Club Inc. shot up 13% after private-equity firm Green Equity Investors reported a 9.5% stake in the wholesale club chain. It also said it plans to contact company management about possibly taking it private. Read the full story on MarketWatch

Porsche sales jump 137%, led by new Panamera

NEW YORK (MarketWatch) — Porsche Cars North America said Thursday that its vehicle sales in the U.S. rose to 2,141 units last month, an increase of 137 percent, fueled by its new Panamera and classic 911 lines. For the first half, Porsche has now sold 10,984 new vehicles, an increase of 14% over the same [...]

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