Weekly Roundup: MarketWatch's top stories of the week: July 2-6

	Weekly Roundup JULY 06, 2012 MarketWatch's top stories of the week: July 2-6 By MarketWatch SAN FRANCISCO (MarketWatch) — This week should have been all about celebrating freedom and enjoying fireworks. Instead, the focus remained on lingering problems in Europe and disappointing U.S. economic data. The Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) suffered losses for the week after a report on the U.S. labor market showed tepid growth in payrolls last month. The Dow fell 124.20 points, or 1%, Friday to close at 12,772.47, tallying a 0.8% loss for the week. The S&P 500 Index slid 12.90 points, or 0.9%, to 1,354.68, posting a 0.6% weekly drop. Here is a roundup of top stories from MarketWatch from our reporters around the globe, including a look ahead to next week when Alcoa kicks off a new earnings season on Monday.  U.S. Week Ahead: Alcoa, Yahoo — Sue Chang ECB and China's central bank cut rates; BOE boosts quantitative easing Central banks around the world took steps to shore up their economies, including a surprise rate cut from China. Read more on ECB and Bank of England's moves People's Bank of China cuts lending, deposit rates U.S. posts weak 80,000 jobs gain in June The U.S. created just 80,000 jobs in June, about one-third of them temporary, as evidence hardened that the economy has hit another rough patch. Unemployment rate at 8.2% Focus on Korea An in-depth look at the Republic of Korea, the world's 15th largest economy and a key U.S. ally. Bank of Korea walks tightrope on euro-zone risks Samsung seeks to cement lead over Apple Korea stock exchange sees more room for foreign participation U.S.-Korea alliance in pictures Barclays' Robert Diamond says sorry, resigns Barclays PLC's (BCS) Robert Diamond resigned as chief executive officer after the bank paid nearly $454 million to settle an investigation by U.S. and British authorities into allegations that personnel falsely reported interbank lending rates, resulting in the manipulation of crucial benchmarks used to price trillions of dollars' worth of credit products around the globe. Robert Diamond steps down in wake of Libor scandal 3 things that doomed BlackBerry maker RIM As Research In Motion Ltd. (CA:RIM) (RIMM) tries to reverse its slide, it's tough to find anyone betting on its ability to recover. From software developers to Wall Street, RIM's long-term viability is in real doubt since the news last week that its next generation BlackBerry 10 software and devices won't be available until next year. This could be a near-fatal blow for the company, as its smartphone competitors continue to leap ahead. Can other companies learn from RIM's mistakes? Couples can boost their Social Security checks You'd think claiming Social Security would be a simple retirement decision — you retire and you start your benefits. But there are certain complex strategies that can help pad a married couple's retirement savings with tens of thousands of dollars of additional income. Read about strategies to increase your retirement income Big Three auto makers post robust sales U.S. new car sales remained robust in June as the Big Three domestic auto makers all registered healthy year-over-year growth rates while Toyota and Nissan rebounded spectacularly. GM and Ford see strong sales in June Retailers post worst June sales in three years As economic uncertainty sapped both consumer confidence and sentiment in June, shoppers also exercised caution with their wallets and delivered U.S. retailers' worst June monthly sales in three years. Retail sales tank on economic uncertainty Facebook, Yahoo settle suit, form ad alliance Facebook Inc. (FB)  and Yahoo Inc. (YHOO) have settled a patent-infringement suit and formed a new partnership around online advertising and content, the two companies said Friday. Facebook and Yahoo friends again Best Buy cuts 2,400 more jobs Best Buy Co. (BBY), the largest U.S. electronics retailer, is cutting 2,400 jobs as it seeks to cut costs amid increased competition from online retailers and lower sales of its bread-and-butter televisions and notebook computers. Best Buy to trim personnel amid tough times Get the latest news on our mobile site: http://www.marketwatch.com/m MarketWatch has sent you this newsletter because you signed up to receive it. To ensure you receive this newsletter in the future, please add marketwatchmail.com to your list of approved senders. Sent to: kumaresan.selva.blogger@gmail.com Unsubscribe | Subscribe Copyright 2012 MarketWatch, Inc. All rights reserved. MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc. By using this site, you agree to the Terms of Service and Privacy Policy (updated 6/26/07). MarketWatch - Attn: Customer Service, 201 California St., San Francisco, CA 94111