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Date:

Thu, April 09, 2009 09:30:01 AM

From:

AM Business Break by STLtoday.com

Subject:

AM Business Break: New jobless claims fall; Wells Fargo expects big profit

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latest news New jobless claims fall more than expected to 654,000 The number of those continuing to receive unemployment insurance set a record for the 11th straight week. [more] Wells Fargo projects record $3 billion 1Q profit The bank says it expects record first-quarter earnings of $3 billion, easily surpassing analysts' estimates and providing an encouraging sign for corporate profits. [more] Trade deficit falls for seventh straight month The government says the U.S. trade deficit plunged unexpectedly in February to the lowest level in more than nine years. [more] Wal-Mart Stores same-store sales rise in March The retailer says U.S. same-store sales rose 1.4 percent in March as consumers continued to hunt for bargains and bought necessities. [more] Cisco to buy Tidal Software for $105 million Cisco Systems says the move will help bolster its strategy for creating more efficient data storage and networks. [more] Latest business news from the Associated Press from today's post-dispatch A-B reins in benefits Pay guidelines are tightened; retirees' health care, pensions slashed. [more] Life insurers may get bailouts To receive funds, companies must own a regulated bank or thrift. [more] SEC debates new rules to restrict short selling Goal would be to prevent stock free-falls. [more] Americans' gloomy mood on the economy is starting to lighten, poll says 52% of Americans think economy has stabilized, though risks linger. [more] More business news from the Post-Dispatch STLtoday.com blogs STL JobWatch Step 1: Buy leash; Step 2: Quit Job. [more] Mound City Money Reinsurance CEO sees pay drop to $3 million. [more] The Savvy Consumer Blog What’s your experience with extended auto warranties? [more] More business blogs

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