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NewsWatch: Stocks close higher on jobs optimism

Markets News

Swiss franc hits record high against the euro and nears parity against the dollar as worries over the global economic recovery drive haven demand

Stocks have lost nearly half of their value twice in the past decade yet a suggestion the same is about to happen again draws scorn on Wall Street

In 2002, Ben Bernanke deemed deflation such a threat that he referred to Milton Friedman’s notion of handing out cash to stop falling prices

More market professionals are asking if the brutal de-rating suffered by equities during the past decade means the cult of equity is dying

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Karzai to name panel for talks with insurgents (AP) AP - President Hamid Karzai said Saturday he will name the members of a council next week to pursue peace talks with insurgents willing to renounce violence, honor the Afghan constitution, and sever ties with terrorist networks.	BP raises blowout preventer, key evidence in probe (AP) AP - BP crews worked Saturday to slowly raise the 300-ton blowout preventer that failed to stop oil from spewing into the Gulf of Mexico, careful not to damage or drop a key piece of evidence in the spill investigation.
Widespread devastation after 7.0 quake in New Zealand (AFP) AFP - New Zealand's most destructive earthquake in nearly 80 years caused two billion dollars' worth of damage Saturday, felling buildings, tearing up roads and sending terrified residents fleeing into the streets.	Fox: Kara DioGuardi departs 'American Idol' (AP) AP - Kara DioGuardi is following Ellen DeGeneres and Simon Cowell out the door at "American Idol."

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