MARKETS / FINANCE

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Barclays balks at Lehman trial order over assets

Barclays Plc is disputing a court order that lays out to which of Lehman Brothers Holdings Inc's assets Barclays is entitled from its rushed 2008 purchase of the company's North American arm.
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Bernanke says economy needs more time to heal

The U.S. economy is not fully recovered from its deep recession, with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said on Friday in a speech spelling out ways the U.S. central bank has studied lower income communities.
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See's Candies sees bigger dairy than cocoa issue

See's Candies is experiencing more commodities cost pressure from dairy than from cocoa, despite the high prices of cocoa beans and uncertainty in the market, the chief executive of the Berkshire Hathaway -owned business said on Friday.
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Rajaratnam jury hunkers down, mirrors other trials

The jury in Raj Rajaratnam's insider trading trial completed a fifth day of deliberations without reaching a verdict on Friday, mirroring the time jurors have spent in other high-profile, complex white-collar cases.
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Gasoline prices dent consumers' buying power

U.S. consumers increased spending for a ninth straight month in March as they stretched to cover higher costs for food and gasoline, with inflation posting its biggest year-on-year gain in 10 months.
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Bernanke says U.S. economy needs more time to heal

The U.S. economy is not fully recovered from its deep recession, with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said on Friday in a speech spelling out ways the U.S. central bank has studied lower income communities.
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Warren Buffett may not feel much love at his Woodstock

Warren Buffett could use a root beer float right about now -- the investment guru is feeling the heat from 40,000 shareholders who may want to criticize him, question whether he has lost touch or even push him to retire.
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Dow eyes best month since December

Industrials led the Dow higher on Friday following a strong quarter and outlook from Caterpillar, and the index looked set to notch its best month since December.
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Consumer spending rises on higher prices

U.S. consumer spending rose in March as households stretched to cover higher costs for food and gasoline, with inflation posting its biggest year-on-year rise in 10 months.
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Dow, Nasdaq eye best month since December

Strong quarterly results from Caterpillar and Merck on Friday looked set to drive the Dow to its best month since December, with a bullish stock market on course to buck a seasonally weak May.
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Bright Asian future not pre-ordained, must be earned: ADB

Asia needs to work to ensure the potential of its economic and political rise is realized, including fulfilling its responsibilities as a global player, the Asian Development Bank said ahead of its annual meeting next week in Vietnam.
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Consumer spending and income rise in March

Rising gasoline and food prices lifted consumer spending in March and the increase in overall inflation from a year-ago was the largest in 10 months, government data showed on Friday.
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Is your résumé sabotaging your career?

Jake was an unfortunate victim of the downturn in his chosen industry. Graduating in 2005 from a Master's in Aviation program, he entered the job market and was unsuccessful in securing a position in his field of interest. Then, with the global economic crisis just a few years later, he put his dreams on hold and decided to continue to work in the retail field for Sam's Club, not knowing if he would ever be able to use his degree to break into aviation.
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Creating a Common Theme in a Diverse Career

Madison had an eclectic career of varied experiences from working in the court system to working with a media organization and most recently a law firm. Her goal was to leverage the commonalities of her experiences to position herself as an expert in select fields rather than as a Jill-of-all-trades. Madison did have an existing résumé which was nicely organized into the following sections: Qualifications Summary, Endorsements, Professional Highlights, Community Service, and Education.
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From “Old School” to “Leading Edge”

Brian was referred to Ladybug Design by his Human Resources Department on the announcement that the plant in which he worked was going to be closing permanently. Brian had worked for the manufacturing plant for 10+ years and was serving in a senior management capacity as Assistant Vice President of Operations. Regardless of the impending shutdown, Brian had made significant operational improvements and had played a key role in turning
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Euro zone inflation up, economic sentiment weakens

Euro zone inflation rose further above the European Central Bank's target in April, data showed on Friday, increasing the chances of another interest rate rise in June, despite a weakening of economic sentiment.
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Nasdaq/ICE may go hostile for NYSE

Nasdaq OMX and IntercontinentalExchange are poised to go hostile in their bid for NYSE Euronext after shareholders ratcheted up pressure on the Big Board parent to get a better deal.
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Dollar still friendless, stocks pause for breath

The dollar languished near three-year lows on Friday, weighed down by weak U.S. data and the prospect of ultra-loose policy for months yet, while stocks paused for breath and a strong commodities rally tailed off.
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Warren Buffett will not limit questions: report

Warren Buffett will not limit the scope of questions he is asked at this weekend's annual meeting of his conglomerate Berkshire Hathaway , the iconic investor told Fox Business on Thursday.
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Rajaratnam trial: No word from jury on Day 4

Apart from the murmur of voices and bursts of laughter, nothing was heard on Thursday from 12 jurors studying the evidence in hedge fund manager Raj Rajaratnam's high-profile insider trading trial.
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Chrysler to fully repay U.S. and Canada loans

Chrysler Group LLC, which came to the brink of collapse before a federal bailout in 2009, plans to fully repay more than $7 billion in loans from the U.S. and Canadian governments by the end of June.
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Former SAC analyst settles insider charges with SEC

Former SAC Capital Advisors LP analyst Jonathan Hollander reached a settlement with U.S. securities regulators over allegations he engaged in insider trading in his personal account, while working at Steven A. Cohen's $12 billion hedge fund.

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