While you were sleeping Earnings, jobs add up

Tue, 07 Aug 2012

By Margreet Dietz Aug 8 (BusinessDesk) - Solid earnings, including a record quarterly profit from Chesapeake Energy, and decent jobs numbers help put a positive spin on Wall Street today, underpinned by support for further bond-buying by the US Federal Reserve to help rebuild economic momentum. Job openings in June climbed to the highest level in four years, according to US Labor department data. To be sure, the pace of hiring eased from the previous month. “The economy is still growing, that’s underpinning labour demand,” Henry Mo, a senior...

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