U.S. stocks solidify gains on service sector expansion

Date: Wed, 04 Jun 2008 12:03:13 -0400
U.S. stocks solidify gains on service sector expansion

U.S. stocks post modest gains, with the Institute for Supply Management
reporting that service industries were in better shape in May than
expected.

Lehman shares slip as broker reportedly seeks overseas capital

SAN FRANCISCO
Lehman Brothers may seek capital from overseas investors as the
brokerage firm tries to calm concerns about its leverage, exposure to
troubled mortgage-related assets and access to cash and other short-term
sources of money.

United Airlines cuts up to 1,600 jobs as it eyes higher fuel cost

United Airlines is cutting up to 1,600 jobs and removing older jets from
its fleet as the No. 2 U.S. carrier moves to reduce costs in the face of
a whopping $3 billion fuel bill and a slower economy.

European Central Bank to remain on hold, economists say

A pick-up in already strong inflationary pressures all but assures that
the European Central Bank's key interest rate will be left on hold when
its rate-setting policy council meets Thursday, economists said.

Economic Report: Private-sector jobs add 40,000 in May, ADP survey
shows

Companies in the U.S. private sector added 40,000 jobs in May, according
to a sampling of payrolls administered by Automatic Data Processing.
Data raise prospects for a better-than-anticipated reading for the
nation's payrolls when the Labor Department reports data on Friday.