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Friday, June 1, 2012

Financial News 06/01/2012

AP: Half of companies unsure who pays 401(k) fees per GAO study
WSJ: Capital flight to U.S. encouraged by Euro-crisis; QE3 doubted
CNN Money: States cutting off seasonal workers from U.I.
BI: Yuma, Arizona unemployment rate 26%; among the highest
BLS: 69,000 jobs added to economy in May
Fox Business: IRS lowering qualification multiple for OIC program
Bloomberg: Mortgage whistle-blower wins $31 million from CITI 
MarketWatch: Oil prices down, near $84/brl
BEA: Personal incomes up .2% in April, .1% less than inflation
NASDAQ: Q1, 2012 GDP revised to .475% or 1.9% annualized
Business Insider: Global PMI numbers are bad across the board
• CNBC: EU & ECB say European currency is at risk of collapsing
Reuters: Spanish banks report $82 billion sent abroad in March
ZH: G10 precariously levered $700 trillion or 1,200% of global GDP

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