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To: Johnny Canuck who wrote (46181)	6/18/2010 6:07:11 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70561

8:36AM Greece program on track, EU and IMF say by Steve Goldstein LONDON (MarketWatch) -- A joint statement from the European Central Bank, European Commission and International Monetary Fund said the economic program for Greece is "on track." Fiscal developments are positive with central government revenue coming in closely as expected and with firm expenditure control in the state budget. Based on preliminary cash data, through end-May, the state budget deficit was lower than was projected in the program. The pension reform is advanced and agreement has been reached on many key parameters as envisaged in the memorandum of understanding. Structural reforms are progressing, and good progress is being made on a financial stability fund. Liquidity in the banking sector is "adequate," the institutions said. The three teams will return to Athens toward the end of July to conduct a comprehensive review under the program. 8:34AM U.S. initial jobless claims rise 12,000 to 472,000 by Rex Nutting WASHINGTON (MarketWatch) - First-time applications for state unemployment benefits rose by 12,000 last week to a seasonally adjusted 472,000, the Labor Department reported Thursday, providing further evidence that U.S. labor markets remain very weak. Meanwhile, the total number of people collecting unemployment benefits of any kind fell by 350,000 to 9.47 million in the week ending May 29 from 9.82 million. The number of people collecting federal benefits fell by 170,000 to 5.28 million.