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ALL BUSINESS: Cash is king for investors (AP)

AP - That old saying "cash is king" certainly rings true these days. Investors can't seem to get enough of it, which ultimately could be bad news for the stock market and the economy.

Canada finance minister says unemployment to rise (AP)

AP - Canada's finance minister said Friday that the country's economic recovery will likely be modest and job losses will mount into 2010 even after growth has begun.

Job seekers seek solace with fellow faithful (AP)

AP - Her fellow job seekers offer knowing groans as Diane Castro recalls the day she was laid off: The fear of being summoned to the front office. The phones in nearby cubicles going off like grenades. Finally, a ring at her desk.

Dollar climbs after poor European retail sales (AFP)

AFP - The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.

Oil prices drop further as 'rogue' trader probed (AFP)

AFP - Oil prices fell further on Friday, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.

US clings to hopes for 2009 economic recovery (AFP)

AFP - Halfway through 2009, the US economy is still struggling in recession amid fragile hopes for recovery by the end of the year.

States set to ring in Independence Day sans budget (AP)

AP - Several states are facing the prospect of government shutdowns and program cuts as they enter the first weekend of the fiscal year and July Fourth holiday without a budget in place.

Hope for California budget deal as IOUs planned (Reuters)

Reuters - Top California lawmakers raised hope on Thursday that an elusive budget deal could be at hand, as officials began issuing billions of dollars in "IOUs" to avoid a cash crisis on the second day of a new fiscal year without an agreement to balance the state's books.

Obama sure of rebound despite job loss figures (AFP)

AFP - President Barack Obama said he was confident the US economy would recover, despite new data showing unemployment at a 26-year-high of 9.5 percent, which dampened hopes of a quick rebound.

Earnings to set tone for stocks in week ahead (Reuters)

Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.

Treasury seizes assets of extremist organization (AP)

AP - The Obama administration on Thursday authorized the seizure of assets belonging to an extremist organization in Iraq and an Iranian backer of insurgents, saying both are responsible for deadly attacks in Iraq.

Older job seekers struggle to overcome age barrier (AP)

AP - Like many unemployed older workers, 64-year old Allan Kellum fears his age has made it harder to find a new job. At a recent job fair, Kellum expressed interest in a supervisory role coordinating an international health assistance program. A recruiter set him straight: "The people applying for that are young."

Meltdown 101: Unemployment by the Numbers (AP)

AP - How bad is the current recession? Here's one measure: the United States now has fewer jobs than it did nine years ago, even though the work force � the number of people either working or looking for work � has grown by 12.5 million people since then.

U.S. job losses spike in June, dampen recovery hopes (Reuters)

Reuters - U.S. employers cut far more jobs than expected last month and the unemployment rate hit 9.5 percent, the highest in nearly 26 years, underscoring the likelihood of a long, slow recovery from recession.

Dollar gains as US jobs report rattles markets (AFP)

AFP - The dollar found fresh momentum Thursday after a disappointing US unemployment report sent shockwaves through financial markets, pushing investors to safe havens.

As economy drops jobs, paychecks drop some weight (AP)

AP - Americans lucky enough to still have a job are noticing something unpleasant in their paychecks: They're making less money.

Banks trim borrowing from Fed's emergency program (AP)

AP - Banks borrowed less from the Federal Reserve's emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, encouraging signs that some credit stresses are easing.

Obama confident in recovery despite jobs report (AP)

AP - President Barack Obama said Thursday that he remains confident the economy will turn around in the short term and the nation will prosper in the long term despite another dose of bad unemployment news.

U.S. home prices seen down over 40 percent: Barclays (Reuters)

Reuters - U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays Capital economist Michelle Meyer said.

Weak US jobs data dashes quick recovery hopes (AFP)

AFP - Dampening hopes of an early recovery from recession, official figures Thursday showed US job losses surged to 467,000 in June, pushing the unemployment rate to a new 26-year high of 9.5 percent.

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