Senate panel will vet Fed nominees July 15 (Reuters)

Reuters – The Senate banking panel said on Wednesday it has scheduled hearings on the nominations of Janet Yellen to serve as Vice Chairman of the Federal Reserve and of two others to become members of the Fed Board of Governors.

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Senate panel will vet Fed nominees July 15
(Reuters)

Hurricane Alex threatens Mexico, Texas coasts (AP)

AP – The first Atlantic hurricane of the year grew to a powerful Category 2 storm as it neared Mexico’s Gulf coast and south Texas on Wednesday, whipping up high waves that frustrated oil-spill cleanup efforts and delivering tar balls and globs of crude onto already soiled beaches.

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Hurricane Alex threatens Mexico, Texas coasts
(AP)

Mo. Senate panel pares back incentive package (AP)

AP – A Senate committee pared back an incentive package Wednesday to focus solely on Missouri’s automotive industry, shedding other proposed tax breaks at the request of Gov. Jay Nixon’s administration.

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Mo. Senate panel pares back incentive package
(AP)

ETFs, more stocks face trade halts in U.S. proposal (Reuters)

Reuters – Hundreds of additional stocks and 344 exchange-traded funds face trading curbs under a proposed expansion of the circuit breakers that were adopted in response to May’s severe “flash crash.”

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ETFs, more stocks face trade halts in U.S. proposal
(Reuters)

How the major stock indexes fared on Wednesday (AP)

AP – The stock market closed out a painful second quarter Wednesday, leaving investors with heavy losses and far more doubts about the economy than they had just months ago. The Dow lost 96 points on the last day of the April-June period, and all the big indexes were down about 1 percent. Stocks sold off sharply in the last hour, a pattern that has become common.

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How the major stock indexes fared on Wednesday
(AP)

TSX rises on Europe relief, ends quarter lower (Reuters)

Reuters – The TSX bounced higher on Wednesday following two days of steep falls as investors scooped up cheaper shares after fears of a funding crisis for European banks eased and U.S. data showed improved business activity.

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TSX rises on Europe relief, ends quarter lower
(Reuters)

Jobless rates drop in two-thirds of metro areas (AP)

AP – Unemployment rates in roughly two-thirds of the nation’s largest metropolitan areas dipped in May as the gradual economic recovery spurred some hiring.

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Jobless rates drop in two-thirds of metro areas
(AP)

WTO rules some EU Airbus subsidies illegal (AFP)

AFP – The WTO on Wednesday dealt the European Union a painful blow in a transatlantic trade row over multibillion dollar subsidies for US and European aircraft, ruling some state support for Airbus illegal.

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WTO rules some EU Airbus subsidies illegal
(AFP)

Boeing buys Argon for $775M as military shifts (AP)

AP – Boeing is buying combat engineering firm Argon ST for about $775 million, reflecting a shift by defense contractors seeking to accommodate a Pentagon that now wants high-tech intelligence tools as much or more than big guns and heavy armor.

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Boeing buys Argon for $775M as military shifts
(AP)

Retirement Planning Tool Tracks Your Progress (U.S. News & World Report)

U.S. News & World Report – There are scads of online tools that ask you key questions about your retirement goals and then provide you a dollar figure for how much money you need to be setting aside to reach those goals. And that’s all they do. The rest is up to you. Mint.com, a 3-year-old personal finance site that was bought late last year by Intuit, has just launched a new series of planning tools called Mint Goals that can follow your spending, income, investment, and retirement plans in real time, and provide informed advice on how you should proceed. …

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Retirement Planning Tool Tracks Your Progress
(U.S. News & World Report)

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