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• Data and energy lead 2 percent S&P 500 rise (Reuters)
• Manufacturing grows for 12th straight month (Reuters)
• Bernanke says economy still short of full recovery (Reuters)
• Loews and CNA earnings up on investment gains (Reuters)
• Geithner: must move fast on new regulations (Reuters)
• Stocks are mixed but had best month since July '09 (AP)
• AP analysis: US economic stress heads back up (AP)
• Humana 2Q net income rises 21 percent on premiums (AP)
• MetLife to sell more equity than planned for Alico (Reuters)
• Goldman defends its collateral calls to AIG (Reuters)
• Shops grapple with fallout from group coupons (AP)
• UBS to hire Goldman and BofA execs (Reuters)
• Thousands of rig workers eligible for BP grants (AP)
• Treasury: 5.6M hires qualify for new tax break (AP)
• China's Geely completes acquisition of Volvo (AP)
• Dividends Rise, Tax Hikes May Follow (BusinessWeek)

Data and energy lead 2 percent S&P 500 rise (Reuters) Posted: 02 Aug 2010 08:49 AM PDT Reuters - The S&P 500 rose 2 percent and was trading above key technical levels on Monday as U.S. stocks hit 10-week highs boosted by manufacturing data and higher crude oil prices.

Manufacturing grows for 12th straight month (Reuters) Posted: 02 Aug 2010 08:06 AM PDT Reuters - The manufacturing sector grew in July at its slowest pace this year, according to an industry report on Monday, but at a rate that was slightly stronger than expected.

Bernanke says economy still short of full recovery (Reuters) Posted: 02 Aug 2010 08:40 AM PDT Reuters - The economy is improving but has yet to recover fully, with high unemployment and a weak housing market leaving consumers unsettled, Federal Reserve Chairman Ben Bernanke said on Monday.

Loews and CNA earnings up on investment gains (Reuters) Posted: 02 Aug 2010 07:36 AM PDT Reuters - Loews Corp posted a better-than-expected 8 percent rise in quarterly net profit, as the hotels and energy conglomerate recorded a gain on investments compared to significant investment losses a year earlier.

Geithner: must move fast on new regulations (Reuters) Posted: 02 Aug 2010 09:05 AM PDT Reuters - The Obama administration intends to quickly put new rules for the financial marketplace into action but won't "layer new rules on top of old," U.S. Treasury Secretary assured Wall Street on Monday.

Stocks are mixed but had best month since July '09 (AP) Posted: 30 Jul 2010 03:01 PM PDT AP - WHAT A MONTH: The Dow Jones industrial average and Standard & Poor's had their best month since July 2009 and their first winning month since this past April. Strong earnings were behind the big gains.

AP analysis: US economic stress heads back up (AP) Posted: 02 Aug 2010 03:28 AM PDT AP - After easing for four months, the nation's economic stress worsened in June because more bankruptcies in the West and foreclosures outside the Sun Belt outweighed lower unemployment, according to The Associated Press' monthly analysis of conditions around the country.

Humana 2Q net income rises 21 percent on premiums (AP) Posted: 02 Aug 2010 09:23 AM PDT AP - Humana Inc. reported a 21 percent upswing in second-quarter profit Monday as the health insurer's latest strong performance in its vast government segment, led by its growing Medicare Advantage business, was backed by a big improvement in its commercial sector.

MetLife to sell more equity than planned for Alico (Reuters) Posted: 02 Aug 2010 08:47 AM PDT Reuters - MetLife Inc said it plans to sell more than $3 billion of stock to help pay for its acquisition of the foreign life insurance business of American International Group, or about 50 percent more than it originally expected.

Goldman defends its collateral calls to AIG (Reuters) Posted: 02 Aug 2010 09:16 AM PDT Reuters - Goldman Sachs said that it believed its trades with bailed-out insurer AIG during the financial crisis were accurate and its collateral calls made to AIG were reflective of the conditions in a deteriorated market.

Shops grapple with fallout from group coupons (AP) Posted: 02 Aug 2010 06:45 AM PDT AP - Local shops nationwide are pulling in thousands of new customers with group coupons online, but the deals can sometimes work too well, turning marketing into a game of retail roulette.

UBS to hire Goldman and BofA execs (Reuters) Posted: 01 Aug 2010 09:23 PM PDT Reuters - UBS AG said on Sunday it plans to hire executives from Goldman Sachs Group Inc and Bank of America Corp to build its mortgages and lending business in the U.S.

Thousands of rig workers eligible for BP grants (AP) Posted: 02 Aug 2010 09:22 AM PDT AP - Up to 9,000 people will be eligible for money from a $100 million fund set up by BP to help oil workers idled by a federal moratorium on deepwater drilling in the Gulf of Mexico.

Treasury: 5.6M hires qualify for new tax break (AP) Posted: 02 Aug 2010 09:03 AM PDT AP - Businesses have hired 5.6 million workers under a new program that provides tax breaks for hiring unemployed workers, the Treasury Department said Monday.

China's Geely completes acquisition of Volvo (AP) Posted: 02 Aug 2010 04:50 AM PDT AP - Geely Holding Group completed its acquisition of Ford Motor Co.'s Volvo unit Monday in a $1.5 billion deal that gives the small-but-ambitious Chinese automaker a global brand and huge management challenges.

Dividends Rise, Tax Hikes May Follow (BusinessWeek) Posted: 02 Aug 2010 05:08 AM PDT BusinessWeek - U.S. shareholders are seeing companies boost dividends again, after two years of sharp declines in payouts. However, at the same time, taxes on their dividends could be heading higher, taking a bite out of shareholders' income and potentially hurting the performance of dividend-paying stocks.

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