The week that was for 06/26/11

Yes, it's still the stupid economy, as Fed chairman Ben Bernanke confirmed as he talked about the nation's slower-than-expected economic growth. But the more specific problem is the lack of jobs, and the Dow Jones industrial average took a dive in response to a weak jobs report.

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Source: Pittsburgh Post-Gazette

Stocks Miss Having Worst Week in a Year
A late rally Friday prevented the stock market from having its worst week in nearly a year. Investors seemed to largely ignore the ongoing debate in Washington over raising the country's borrowing limit....
Stocks end up on earnings, but down for week
Stocks advanced Friday, as blowout earnings from Google and a big corporate takeover overshadowed another warning about the US credit rating and a depressed reading on consumer sentiment. The Dow Jones...
Italy backs £42bn austerity bill as minister admits that 'like Titanic' not even rich will be spare
The package was being rushed through to stop growing fears that Italy - the third largest Eurozone economy - was sliding into the same financial abyss as Greece.
Stocks narrowly miss having worst week in a year
A late rally Friday prevented the stock market from having its worst week in nearly a year. Investors seemed to largely ignore the ongoing debate in Washington over raising the country's borrowing...
Speedway adds 3 events to Brickyard, will stage races on oval and road course on same weekend
Indianapolis Motor Speedway and NASCAR are banking on giving the Brickyard 400 weekend a much-needed boost next year. Instead of one race, fans can watch four in 2012.
Cabinet okay for BHEL divestment next week
This is part of the government's plan to raise Rs 40,000 crore (Rs 400 billion) from disinvestment in the current financial year.
Hometownstations.com-WLIO- Lima, OH News Weather SportsStocks close huge week with rally; Dow up 168
NEW YORK (AP) - So much for that soft patch. A rebound in U.S. manufacturing surprised investors Friday, sending the Dow Jones industrial average up nearly 170 points. The Dow ended up 648 points, or...