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Reuters: Financial
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
Updated: 1 hour 47 min ago
Nasdaq vaults to 11-year high on surge in jobs
NEW YORK (Reuters) - A surge in hiring in the world's largest economy last month drove the Nasdaq to an 11-year high on Friday as optimism grew that the labor market is on a steady path to recovery.
Categories: NEWS: Business and Financial
Jobless rate at 3-year low as payrolls surge
WASHINGTON (Reuters) - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
Categories: NEWS: Business and Financial
Stanford had secret fund for bribes, yacht: witness
HOUSTON (Reuters) - Texas financier Allen Stanford drew on a secret Swiss bank account for personal expenses such as yacht maintenance and to pay bribes, the government's top witness said at Stanford's fraud trial on Friday.
Categories: NEWS: Business and Financial
Nasdaq core profit tops expectations
(Reuters) - Nasdaq OMX Group Inc's core profit topped analysts' expectations for the fourth quarter, boosted by a rise in revenue from market data and technology, which helped offset a soft trading environment.
Categories: NEWS: Business and Financial
New York sues banks over electronic mortgage system
NEW YORK (Reuters) - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
Categories: NEWS: Business and Financial
Wall Street analysts struggle to predict Apple
SAN FRANCISCO (Reuters) - By day, Robert Leitao manages a Catholic church in Southern California. By night, he indulges his other passion: predicting Apple Inc's results.
Categories: NEWS: Business and Financial
Jobless rate at 3-year low as payrolls surge
WASHINGTON (Reuters) - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
Categories: NEWS: Business and Financial
A sobering look at Facebook
SAN FRANCISCO (Reuters) - It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.
Categories: NEWS: Business and Financial
Nasdaq vaults to 11-year high on surge in jobs
NEW YORK (Reuters) - A surge in hiring in the world's largest economy last month drove the Nasdaq to an 11-year high on Friday as optimism grew that the labor market is on a steady path to recovery.
Categories: NEWS: Business and Financial
Caterpillar to close London, Ont. locomotive plant
(Reuters) - Caterpillar Inc has decided to close its Electro-Motive locomotive plant in London, Ontario, and lay off at least 450 workers following several months of unsuccessful contract negotiations with the Canadian Auto Workers union.
Categories: NEWS: Business and Financial
Factory orders up, business spending rises
WASHINGTON (Reuters) - New orders for U.S. factory-made products posted a second straight monthly rise in December and business capital spending also picked up, a government report on Friday showed.
Categories: NEWS: Business and Financial
Analysis: Stock-picking makes a comeback as macro tides fade
Categories: NEWS: Business and Financial
Micron CEO Appleton dies in plane crash
(Reuters) - Chipmaker Micron Technology said chief executive Steve Appleton died in a plane crash in Boise, Idaho.
Categories: NEWS: Business and Financial
Goldman to face mortgage debt class-action lawsuit
(Reuters) - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.
Categories: NEWS: Business and Financial
Detroit automakers say 'no' to Japan joining trade talks
WASHINGTON (Reuters) - Detroit automakers are urging President Barack Obama to reject Japan's bid to join talks on a regional free trade agreement, the head of an automotive group representing GM, Ford and Chrysler said on Thursday.
Categories: NEWS: Business and Financial
Merged Glencore, Xstrata would take aim at iron ore
SYDNEY (Reuters) - An $80 billion marriage of commodities trader Glencore and miner Xstrata could lead to a new round of takeovers in iron ore, creating a goliath eager to muscle its way onto one of mining's richest and most closely guarded sectors.
Categories: NEWS: Business and Financial
Central bank liquidity tap to stay open
LONDON (Reuters) - After a blockbuster January for both equities and bonds - rallies that caught many in the market by surprise - investors will be paying keen attention to the world's central banks in the coming week for signs of continued easy money.
Categories: NEWS: Business and Financial
January service sector growth highest in nearly a year: ISM
NEW YORK (Reuters) - The pace of growth in the U.S. services sector accelerated in January to its highest level in nearly a year as new orders and employment jumped, an industry report showed on Friday.
Categories: NEWS: Business and Financial
Walgreen sales hit by exit from Express Scripts
(Reuters) - Walgreen Co is being hit by its withdrawal from the Express Scripts Inc pharmacy network and by a much-weaker-than-expected flu season, leading it to temper its expectations for the number of prescriptions it will fill this year.
Categories: NEWS: Business and Financial
Investors worry where to put cash as banks wobble
LONDON (Reuters) - Investors are holding more cash than at any time since the Lehman Brothers collapse to protect themselves against volatile financial markets, presenting them with a dilemma - where to hold that money when banks are looking shaky.
Categories: NEWS: Business and Financial