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• Wall Street falls on retailers, energy (Reuters)
• Jobless claims up, underlying trend still down (Reuters)
• Geithner says U.S. could hit debt limit by March 31 (Reuters)
• Shopper angst, discounts hurt December retailer sales (Reuters)
• Intel offers concessions to EU on McAfee (Reuters)
• European stocks close mostly lower (AFP)
• GOP takes charge: New Speaker Boehner leads House (AP)
• Constellation Brands' profit jumps, but sales fall (AP)
• Hermes does not need to buy up shares: regulator (AFP)
• Rate on 30-year fixed mortgage dips to 4.77 pct. (AP)
• Asia scrambles to contain food inflation (Reuters)
• Target's Dec. figure rises well short of estimates (AP)
• ADP strength elicits sharp selloff (Reuters)
• BP, Transocean shares shrug off oil spill report (Reuters)
• Dems say GOP exempting $1 trillion from deficit (AP)
• France fears 'economic war' after Renault leaks (AFP)

Wall Street falls on retailers, energy (Reuters) Posted: 06 Jan 2011 08:21 AM PST Reuters - Stocks fell on Thursday as several top U.S. retailers missed estimates for December sales and energy shares lost ground as oil prices dipped.

Jobless claims up, underlying trend still down (Reuters) Posted: 06 Jan 2011 08:46 AM PST Reuters - New claims for jobless benefits moved higher last week, but a decline in the four-week average to a nearly 2-1/2-year low suggested the labor market continues to improve.

Geithner says U.S. could hit debt limit by March 31 (Reuters) Posted: 06 Jan 2011 08:14 AM PST Reuters - The United States may hit the legal limit on its ability to borrow by March 31 and faces serious consequences unless Congress acts by then to raise it, Treasury Secretary Timothy Geithner said on Thursday.

Shopper angst, discounts hurt December retailer sales (Reuters) Posted: 06 Jan 2011 08:51 AM PST Reuters - Many top U.S. retailers reported disappointing December sales as consumers who shopped right after Thanksgiving would only spend again on big bargains and were set to stay frugal in 2011.

Intel offers concessions to EU on McAfee (Reuters) Posted: 06 Jan 2011 08:53 AM PST Reuters - Intel has offered concessions in a bid to win European Union antitrust clearance for its $7.7 billion purchase of security software maker McAfee Inc .

European stocks close mostly lower (AFP) Posted: 05 Jan 2011 08:56 AM PST AFP - European stock markets closed mostly lower on Wednesday but London's FTSE 100 index of leading shares advanced 0.50 percent at 6,043.86 points.

GOP takes charge: New Speaker Boehner leads House (AP) Posted: 05 Jan 2011 09:05 PM PST AP - Claiming power beneath the Capitol dome, resurgent Republicans gained control of the House of Representatives on Wednesday as the 112th Congress convened in an era of economic uncertainty. Dozens of tea party-backed lawmakers took office in both houses, eager to cut spending and reduce government's reach.

Constellation Brands' profit jumps, but sales fall (AP) Posted: 06 Jan 2011 06:57 AM PST AP - Constellation Brands Inc., which sells Robert Mondavi wine, Svedka vodka and Corona beer, said Thursday its third-quarter net income more than tripled as it took fewer charges and benefited from a lower tax rate.

Hermes does not need to buy up shares: regulator (AFP) Posted: 06 Jan 2011 08:02 AM PST AFP - The French markets regulator said Thursday the family controlling luxury goods house Hermes would not have to buy up the outstanding shares in the company as they fight off the embrace of giant rival LVMH.

Rate on 30-year fixed mortgage dips to 4.77 pct. (AP) Posted: 06 Jan 2011 07:30 AM PST AP - Rates on fixed mortgages dipped this week after rising steadily over the last two months.

Asia scrambles to contain food inflation (Reuters) Posted: 06 Jan 2011 03:47 AM PST Reuters - Record high food prices are moving to the top of the agenda for many Asian policymakers as the prospect of higher inflation in 2011 poses a major threat to the region's strong revival from the global financial crisis.

Target's Dec. figure rises well short of estimates (AP) Posted: 06 Jan 2011 08:47 AM PST AP - Discount retailer Target Corp. said Thursday that revenue at stores open at least a year edged up 0.9 percent in December, but it fell well short of analyst expectations, and Target's shares tumbled nearly 6 percent in morning trading.

ADP strength elicits sharp selloff (Reuters) Posted: 05 Jan 2011 02:00 PM PST Reuters - As the domestic session opened, 10-year notes were up 13+/32nds on weaker stocks overnight; however, the ADP Employment (Dec) report stunned the market with 297k jobs created versus an expectation of +100k.

BP, Transocean shares shrug off oil spill report (Reuters) Posted: 06 Jan 2011 07:28 AM PST Reuters - Shares in BP and Transocean

Dems say GOP exempting $1 trillion from deficit (AP) Posted: 06 Jan 2011 08:43 AM PST AP - Democrats are accusing newly empowered House Republicans of exempting more than $1 trillion in proposed tax cuts and higher spending over the next 10 years from a promise to cut federal deficits.

France fears 'economic war' after Renault leaks (AFP) Posted: 06 Jan 2011 08:09 AM PST AFP - France said Thursday it was the target of an "economic war" after revelations of industrial espionage at auto giant Renault focused on groundbreaking technology for electric cars.

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