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Tuesday, July 10, 2012

Financial news 07/10/2012

AP: Americans increased May credit card use by $17.1; total $2.57 trillion
MW: Unemployment to stay above 8% until mid-late 2013 per Fed official
CNBC: Monetary easing a sign of weakening global economy per economist
CNNMoney: Federal government overpaid $14 billion in UI during 2011
NFIB: Small-business optimism index fell 3 pts in June reversing annual gains
Bloomberg TV: Conflict of interest is plaguing the banking industry per Roubini
NYT: A decline in airport traffic is leading to terminal vacancies
Nasdaq: Spanish 10-yr bonds reached 7% again despite banking bailout
Reuters: Spain granted an additional year by EU to reduce deficit 
BBC: Norway's government used emergency powers to end costly oil strike
Bloomberg: China's June import and export growth slowed to 6.3%& 11.3%

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