U.S. private-sector employment saw
constant but quite slower growth in May, signaling the labor market
recovery is still fragile, said the National Employment Report
released Wednesday by Automatic Data Processing.
The U.S. government will lose about 14 billion
dollars from its rescue of ailing carmakers, a White House advisor
"Good riddance to May!" writes The Wall Street Journal, as U.S. stocks took a beating in the month. The Dow Jones industrial average slipped 1.9 percent in May, a month in which it has now lost ground in nine of the past 14 years.
Groupon, a local e-commerce marketplace that connects merchants and
consumers by offering goods and services at a discount, today announced
that it has filed a registration statement on Form S-1 with the
Securities and Exchange Commission for a proposed initial public
offering of its Class A common stock.
Greece is expected to conclude talks with the
European Union and the International Monetary Fund (IMF) on a
medium-term fiscal plan to clear the release of billions of euros in
vital loans by Friday.
Microsoft has offered the public a first peek
at its next generation Windows operating system.
The race to unseat President Barack Obama in the 2012 election is heating up as more serious challengers formally enter the contest, and the apparent Republican frontrunner Mitt Romney is set to begin his campaign Thursday.