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No Job Growth for Small Business Spurs Recovery Doubt (Update1)

By Michael McKee Companies with fewer than 500 employees, such as Phoenix Technologies Ltd . and Sonic Corp. , helped lead the economy out of the four recessions since 1980. This time, they continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January,

No Job Growth for Small Business Spurs Recovery Doubt (Update1)

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Companies with fewer than 500 employees, such as Phoenix Technologies Ltd . and Sonic Corp. , helped lead the economy out of the four recessions since 1980. This time, they continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January, according to Roseland, New
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No Job Growth for Small Business Spurs Recovery Doubt (Update1) - Bloomberg.com

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Companies with fewer than 500 employees, such as Phoenix Technologies Ltd . and Sonic Corp. , helped lead the economy out of the four recessions since 1980. This time, they continue to cut capital spending and dismiss workers, eliminating 3,000 jobs in January, according to Roseland, New
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Australian Dollar to Rebound if Stock Markets Correct Higher

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Fundamental Forecast for Australian Dollar: Neutral - RBA Says Interest Rates to Rise to 4.5% by End of 2010 - Retail Sales Disappoint, Building Permits Rise on Stimulus - Trade Deficit Widens as Higher Oil Prices Boost Import Figures - RBA Holds Rates at 3.75%, Business Confidence
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British Pound May Remain Under Pressure As Yield Outlook Diminishes

Fundamental Forecast for British Pound: Neutral - BoE left their benchmark rate unchanged at 0.50%, while pausing the asset purchase program at £200 billion. - Manufacturing PMI unexpectedly rose in January to 56.7 from 54.6 - U.K. construction industry improves, as service

Manufacturing Payrolls in U.S. Expand as Caterpillar, GE Hire - Bloomberg.com

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Peoria, Illinois-based Caterpillar, the world’s biggest maker of bulldozers and excavators, has recalled more than 500 laid-off workers over the past two months. Fairfield, Connecticut-based General Electric is hiring U.S. workers in energy, appliances, rail and research. A Labor
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Manufacturing Payrolls in U.S. Expand as Caterpillar, GE Hire - Bloomberg.com

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Peoria, Illinois-based Caterpillar, the world’s biggest maker of bulldozers and excavators, has recalled more than 500 laid-off workers over the past two months. Fairfield, Connecticut-based General Electric is hiring U.S. workers in energy, appliances, rail and research. A Labor Department
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Forex Market Hit By Crisis Of Confidence

FOREX MARKET HIT BY CRISIS OF CONFIDENCE EUR/USD: HITS 8 MONTH LOWS GBP/USD: RISK IS TO THE UPSIDE FOR BOE USD/CAD: EMPLOYMENT NUMBERS COULD DISAPPOINT AUD/USD: CONSUMERS CUT BACK HOLIDAY SHOPPING NZD/USD: SHARP DECLINE

Factory Orders in U.S. Increased More Than Forecast (Update2) - Bloomberg.com

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Bookings rose 1 percent, matching the revised gain in November and the fourth straight increase, figures from the Commerce Department showed today in Washington. Excluding transportation, orders increased 1.2 percent. Manufacturers will probably keep boosting production to limit further
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Bank of England Pauses 200 Billion-Pound Bond Plan (Update4) - Bloomberg.com

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The Monetary Policy Committee, led by Governor Mervyn King , decided not to expand the asset-buying program for the first time since it began in March last year, as predicted by all but one of 51 economists in a Bloomberg News survey. The bank also kept the benchmark interest rate at a
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