Business Today: Futures extend losses after payrolls data

		Click to View in Browser 07/6/2012 Futures extend losses after payrolls data NEW YORK (Reuters) - Stock index futures extended their decline on Friday after non-farm payrolls for June rose less than Wall Street expectations. Stocks, euro slide after tepid U.S. jobs report LONDON (Reuters) - U.S. stock futures tumbled, government bond prices climbed and the euro fell to a five-week low on Friday after data showed U.S. employers hired workers at a tepid pace last month. U.S. hiring stuck in low gear in June WASHINGTON (Reuters) - U.S. employers hired at a dismal pace in June, raising pressure on the Federal Reserve to do more to boost the economy and further imperiling President Barack Obama's chances of reelection in November. Dynegy Inc files for bankruptcy; will merge with unit (Reuters) - Power producer Dynegy Inc , the parent company of Dynegy Holdings, filed for bankruptcy protection on Friday morning as part of its settlement agreement with creditors and said it will merge with its unit. Analysis: Scandal-hit Libor faces change but has no real rivals LONDON (Reuters) - A scandal over the rigging of the Libor interest rate that underpins financial contracts worth hundreds of trillions of dollars is likely to force regulators to reform the way it is set. Judge orders JPMorgan to explain withholding emails (Reuters) - A U.S. judge has ordered JPMorgan Chase & Co to explain why the court should not force the bank to turn over 25 internal emails demanded as part of an investigation into whether it manipulated electricity markets in California and the Midwest. Analysis: China's yuan experiment faces risks, legacy BEIJING (Reuters) - China's plan to test yuan convertibility in a new services hub being built near Hong Kong fanned excitement Beijing may be dismantling its rigid capital controls sooner than expected. Limits to what ECB can do: Asmussen FRANKFURT (Reuters) - There are limits to what the European Central Bank can do and it is up to euro zone governments to make structural changes to their economies to fix them for the longer-term, ECB Executive Board member Joerg Asmussen said on Friday. Analysis: European banking superpower is no quick fix FRANKFURT (Reuters) - The euro zone's plan to let the European Central Bank supervise its biggest banks requires governments to give it unambiguous powers, sets a highly ambitious timetable and poses potentially dangerous conflicts of interest. Japan's government could run out of cash by October TOKYO (Reuters) - Japan's government could run out of money by the end of October, halting all state spending including salaries, pensions and unemployment benefits, because of a standoff in parliament that has blocked a bill to finance the deficit. Related Video Breakingviews: Select committee is BoE job interview Reuters Today: U.S. hiring seen stuck in low gear Economic News U.S. hiring stuck in low gear in June Retail real estate recovery taking hold: research firm A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend