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Friday, June 02, 2006 

Morning News - Friday June 2nd

Payroll Growth Stalls With 75,000 New Jobs
- AP
Job growth faltered in May, with employers boosting payrolls by just 75,000. Yet the nation's unemployment rate dipped to 4.6 percent, the lowest since the summer of 2001.

Deutsche Boerse Vows to Pursue Euronext - AP
German stock-exchange operator Deutsche Boerse AG said Friday it would continue with its plans to acquire Euronext NV, despite a deal between the European exchange operator and the New York Stock Exchange.

Nissan and Suzuki to Expand Cooperation - AP
Nissan will supply pickup trucks for Suzuki to sell in North America in an expansion of the Japanese automakers' business cooperation that includes mutually supplying vehicles and sharing plants, both sides said Friday.

Oil Prices Rise to Almost $71 a Barrel - AP
Oil prices edged higher Friday after ending sharply lower in the previous session. Analysts said anxiety over Iran's nuclear ambitions continued to support crude futures.

Renal Care Subpoenaed Over Stock Options - AP
Fresenius Medical Care KGaA, a German dialysis company, said Friday that its U.S. subsidiary Renal Care Group has been subpoenaed by the U.S. government for information about its granting of stock options.

OPEC Stays Course, Oil May Stay High - AP
Despite lobbying by Venezuelan President Hugo Chavez for a production cut, OPEC decided to keep pumping almost as much oil as it can for now, but the move may have little impact on soaring oil prices and didn't ease concerns that the global economy could be damaged.

Japanese Stocks End Higher; Dollar Up - AP
Japanese stocks jumped Friday, reversing an early decline mainly triggered by media reports that prosecutors were investigating a Japanese investment fund.

Regulators Drop Charges Against Quattrone - AP
Securities industry regulators have dropped all charges against former star technology banker Frank Quattrone over how his investment bank allocated shares of hot IPOs during the late-1990s Internet boom.

Press to Lead Toyota Motors North America - AP
One of the most important auto executives in the country drives a pickup truck to work, greets employees by name and likes to relax by competing in triathlons. Later this month, Jim Press will become the first non-Japanese president of the Toyota Motor Corp. subsidiary Toyota Motor North America Inc., overseeing sales and engineering divisions as well as 12 manufacturing plants in the U.S. and Canada.

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