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Updated: 1 hour 47 min ago

Nasdaq vaults to 11-year high on surge in jobs

3 hours 18 min ago
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.

Jobless rate at 3-year low as payrolls surge

3 hours 18 min ago
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.

Stanford had secret fund for bribes, yacht: witness

3 hours 57 min ago
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.

Nasdaq core profit tops expectations

4 hours 3 sec ago
(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.

New York sues banks over electronic mortgage system

4 hours 38 min ago
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.

Wall Street analysts struggle to predict Apple

4 hours 41 min ago
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.

Jobless rate at 3-year low as payrolls surge

4 hours 57 min ago
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.

A sobering look at Facebook

5 hours 17 min ago
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.

Nasdaq vaults to 11-year high on surge in jobs

5 hours 49 min ago
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.

Caterpillar to close London, Ont. locomotive plant

6 hours 38 min ago
(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.

Factory orders up, business spending rises

7 hours 36 min ago
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.

Analysis: Stock-picking makes a comeback as macro tides fade

7 hours 47 min ago
NEW YORK (Reuters) - Stock-picking once again matters on Wall Street.

Micron CEO Appleton dies in plane crash

8 hours 15 min ago
(Reuters) - Chipmaker Micron Technology said chief executive Steve Appleton died in a plane crash in Boise, Idaho.

Goldman to face mortgage debt class-action lawsuit

9 hours 54 min ago
(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.

Detroit automakers say 'no' to Japan joining trade talks

10 hours 1 min ago
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.

Merged Glencore, Xstrata would take aim at iron ore

11 hours 10 min ago
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.

Central bank liquidity tap to stay open

11 hours 22 min ago
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.

January service sector growth highest in nearly a year: ISM

11 hours 49 min ago
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.

Walgreen sales hit by exit from Express Scripts

12 hours 30 min ago
(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.

Investors worry where to put cash as banks wobble

12 hours 56 min ago
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.