IBT Staff Reporter

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State and local governments bleeding jobs

U.S. state and local governments cut thousands of jobs in June, pushing their payrolls down to the lowest in five years, according to Labor Department data released on Friday, and analysts do not expect the losses to end any time soon.

Wall Street ends lower after June jobs data

Stocks ended down on Friday as a weak jobs report dashed optimism that the economy was emerging from a soft patch, leaving investors to hope earnings season would revive an appetite for buying.

WikiLeaks partner loses Visa, MasterCard loophole

A WikiLeaks partner found a new bank to accept Visa and MasterCard donations this week, but the respite from the card networks' months-long embargo was only temporary, because the bank shut down the payments within hours, two people familiar with the matter told Reuters.

Jobs growth stalls, setting back recovery hopes

U.S. jobs growth ground to a near halt in June as employers hired the fewest workers in nine months, frustrating hopes the economy would bounce back quickly from a slowdown in the first half of the year.

As ex-aide arrested, UK's Cameron vows media reform

Police arrested David Cameron's former spokesman on Friday over the scandal that has shut down Rupert Murdoch's News of the World, forcing the prime minister to defend his judgment while promising new controls on the British press.

High obesity rates continue to earn America an 'F'

An annual report F as in Fat: How Obesity Threatens America's Future 2011, from the Trust for America's Health and the Robert Wood Johnson Foundation found that Mississippi has the highest rate of obesity in the country, soaring up to 34.4 percent, while other states, such as, Colorado - who scored the lowest in obese residents in the report with a rate of 19.8 percent - remain steady.

At chipmaker trial, investors play Rambus roulette

Chun Ming has spent the past two weeks in a cramped San Francisco courtroom, sending notes from his laptop to a tight-knit group of investors glued to a $4 billion antitrust battle involving some of the world's biggest chipmakers.

Casey Anthony's Freedom and Beyond: What's Next?

Nine days from now, Casey Anthony will be free. Questions linger as to how will her life following the acquittal unfold. Her parents have received several death threats over the Internet and phone calls. The couple is in hiding, and announced through their attorney that they have not decided whether they will welcome their daughter back into their home after she is out of jail. However, she might be able to exploit her sick fame to strike some good deals.

Jobs data hits stocks, but earnings optimism intact

Stocks dropped on Friday and the Nasdaq looked to end an eight-day winning streak as a weak jobs report dashed hopes the economy was emerging from a soft patch, though the start of earnings season next week kept investors engaged.

Instant view: Jobs growth slows in June

U.S. employment growth ground to a halt in June, with employers hiring the fewest number of workers in nine months, dampening hopes the economy was on the cusp of regaining momentum after stumbling in recent months.

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