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• Wall Street extends losses; indexes down 1 percent (Reuters)
• Data signals weakness in recovery in April (Reuters)
• Kellogg profit misses as price rises lag costs (Reuters)
• Glencore $11 billion IPO to make billionaires of bosses (Reuters)
• Goldman lobbying hard to weaken Volcker rule (Reuters)
• FTSE finishes slightly higher (AFP)
• China 2011 growth seen solid, inflation to quicken: Reuters poll (Reuters)
• Kellogg 1Q net income falls on higher costs (AP)
• Euro zone takes third debt crisis patient into care (Reuters)
• 7 Biggest Money Mistakes College Grads Make (U.S. News & World Report)
• EU-IMF rescue deal for Portugal hangs on terms (AFP)
• Euro zone retail sales drop, point to weak demand (Reuters)
• AP analysis: Economic stress drops to 3-month low (AP)
• Oil falls on supply increase and weak demand (AP)
• GM: 250 jobs to be added at Corvette plant (AP)
• Quincy Cashes in on the Cloud (BusinessWeek)

Wall Street extends losses; indexes down 1 percent (Reuters) Posted: 04 May 2011 08:30 AM PDT Reuters - U.S. stocks extended losses in late-morning trading on Wednesday, with three major indexes falling 1 percent.

Data signals weakness in recovery in April (Reuters) Posted: 04 May 2011 07:54 AM PDT Reuters - Signs of weakness in the U.S. economic recovery mounted as reports on Wednesday showed a sharp slowdown in the vast services sector and less hiring by private companies in April.

Kellogg profit misses as price rises lag costs (Reuters) Posted: 04 May 2011 07:47 AM PDT Reuters - Kellogg Co reported a lower-than-expected quarterly profit, hurt by higher costs for ingredients and more spending on advertising, sending its shares down 1.6 percent on Wednesday.

Glencore $11 billion IPO to make billionaires of bosses (Reuters) Posted: 04 May 2011 07:31 AM PDT Reuters - Glencore Chief Executive Ivan Glasenberg could be worth $10 billion after the commodities trader makes its debut later this month in a record public offering valuing the commodities group at some $60 billion.

Goldman lobbying hard to weaken Volcker rule (Reuters) Posted: 04 May 2011 08:18 AM PDT Reuters - Goldman Sachs Group Inc has just a few more months to put its stamp on the Volcker rule, and it is not wasting any time.

FTSE finishes slightly higher (AFP) Posted: 03 May 2011 09:08 AM PDT AFP - London shares closed marginally higher on Tuesday as investor sentiment improved.

China 2011 growth seen solid, inflation to quicken: Reuters poll (Reuters) Posted: 04 May 2011 05:10 AM PDT Reuters - China's roaring economy will slow a touch this year, with inflation staying stubbornly above the government's 4 percent target, arguing for monetary policy to tighten further, a Reuters poll showed.

Kellogg 1Q net income falls on higher costs (AP) Posted: 04 May 2011 08:45 AM PDT AP - Kellogg Co.'s first-quarter net income fell 12 percent as the world's biggest cereal maker dealt with higher ingredient costs and spent more on marketing and new products.

Euro zone takes third debt crisis patient into care (Reuters) Posted: 04 May 2011 07:17 AM PDT Reuters - Portugal and Greece talked up the benefits of Lisbon's decision to accept a multi-billion euro bailout from the European Union and IMF on Wednesday, but the outlook for both countries and Ireland remains highly uncertain.

7 Biggest Money Mistakes College Grads Make (U.S. News & World Report) Posted: 04 May 2011 07:51 AM PDT U.S. News & World Report - Graduating from college and entering the "real world" can inflict total chaos on your life: Suddenly, you have to figure out how to feed yourself without the assistance of a 24-hour dining hall. Your closest friends, who used to be just a dorm-room away, are now scattered across the country. Your parents are less willing to send checks upon request. On top of that, you have to start paying rent, find and keep a job, and somehow convince yourself to start saving money for retirement, which is about four decades away.

EU-IMF rescue deal for Portugal hangs on terms (AFP) Posted: 04 May 2011 07:56 AM PDT AFP - Portugal is now the third eurozone country to take up rescue crutches, with the opposition signalling Wednesday it will go along with a 78-billion-euro EU-IMF deal to avoid debt default.

Euro zone retail sales drop, point to weak demand (Reuters) Posted: 04 May 2011 03:17 AM PDT Reuters - Euro zone retail sales fell sharply in March, data showed on Wednesday, indicating that rising food and energy prices were curbing household demand and that economic recovery was still mainly industry-driven.

AP analysis: Economic stress drops to 3-month low (AP) Posted: 04 May 2011 04:21 AM PDT AP - Lower unemployment, bankruptcies and foreclosures in March reduced the nation's economic stress to its lowest point this year, according to The Associated Press' monthly analysis of conditions around the country.

Oil falls on supply increase and weak demand (AP) Posted: 04 May 2011 08:28 AM PDT AP - Oil dropped Wednesday after a government report showed that supplies of petroleum products are growing as demand weakens in the U.S.

GM: 250 jobs to be added at Corvette plant (AP) Posted: 04 May 2011 08:31 AM PDT AP - General Motors is investing $131 million in the Kentucky plant that assembles the Corvette, creating 250 new jobs.

Quincy Cashes in on the Cloud (BusinessWeek) Posted: 04 May 2011 05:08 AM PDT BusinessWeek - Inside a white metal fence laced with barbed wire on the outskirts of Quincy, in central Washington state, a construction crew maneuvers excavators that scoop up giant piles of earth. Just beyond the site, green shoots of wheat are beginning to sprout as rain drizzles overhead on a recent late-April morning.

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