Career News 24/7: Business Today: Wall Street climbs on jobs, S&P up for ninth week out of 10

Friday, March 8, 2013

Business Today: Wall Street climbs on jobs, S&P up for ninth week out of 10

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03/8/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

Wall Street climbs on jobs, S&P up for ninth week out of 10

NEW YORK (Reuters) - Stocks closed out a historic week with another day of gains on Friday, as the Dow hit yet another record closing high on a payrolls report that surpassed even the most optimistic forecasts.

Wall Street looks for Fed to continue asset purchase through 2013: Reuters poll

NEW YORK (Reuters) - Wall Street expects the Federal Reserve to continue its program of debt purchases through 2013 in an effort to prop up the economy despite evidence of an improved job market, according to a Reuters poll conducted on Friday.

KKR to buy machinery maker Gardner Denver for $3.74 billion

(Reuters) - Industrial machinery maker Gardner Denver Inc agreed to sell itself to private equity firm KKR & Co LP for $3.74 billion after the buyout firm raised its offer.

Chinese parties in talks for stake in NYC's GM building: sources

NEW YORK (Reuters) - A group of Chinese investors including Zhang Xin, the chief executive of commercial real estate developer Soho China Ltd , are in talks to buy a 40 percent stake in the iconic General Motors building in Manhattan, two sources familiar with the matter said.

Boeing to move North American flight training from Seattle

NEW YORK (Reuters) - Boeing Co said on Friday that it is consolidating its North American flight and maintenance training operations in Miami, a shift that will move all flight simulators for the 787 Dreamliner and other aircraft out of the Seattle area.

Sturdy job gains offer bright sign for economy

WASHINGTON (Reuters) - Employers added a greater-than-expected 236,000 workers to their payrolls in February and the jobless rate fell to a four-year low, offering a bright signal on the economy's health.

Barclays and RBS pay more than 500 staff over one million pounds

LONDON (Reuters) - Britain's Barclays and RBS paid more than 500 staff over 1 million pounds ($1.5 million) in 2012, a year when both were embroiled in rate rigging and mis-selling scandals.

Wal-Mart corporate affairs leader Dach to leave in June

(Reuters) - Wal-Mart Stores Inc said on Friday that Leslie Dach plans to leave his post as executive vice president of corporate affairs in June, after seven years of working to improve the corporate image of the world's largest retailer.

McDonald's February sales fall less than feared, shares up

(Reuters) - McDonald's Corp said February sales at established restaurants around the world fell less than expected, giving investors hope that new chief executive Don Thompson's strategy is paying off, and lifting shares to an 11-month high.

Italy calls for careful accounting after Monte Paschi hit

MILAN (Reuters) - Italian financial regulators on Friday asked companies to carefully observe accounting rules concerning complex derivative trades known as "term structured repo" deals.