Business Today: Brightening jobs picture may draw Fed closer to tapering

	Click to View in Browser 07/5/2013 Brightening jobs picture may draw Fed closer to tapering WASHINGTON (Reuters) - Job growth was stronger than expected in June and the payroll gains for the prior two months were revised higher, cementing expectations for the Federal Reserve to start winding down its massive stimulus program as early as September. Wall St. ends up 1 percent on strong jobs data NEW YORK (Reuters) - Stocks ended higher in choppy trading on Friday after robust jobs data pointed to a strengthening economy and investors overcame concerns that the Federal Reserve may begin to cut its stimulus measures as soon as September. FCC gives official nod to deals by SoftBank, Sprint, Clearwire WASHINGTON (Reuters) - The Federal Communications Commission on Friday announced its official approval of two related deals by Sprint Nextel Corp, SoftBank Corp and Clearwire Corp. Poll: Majority of U.S. primary dealers see Fed slowing bond buying in Sept NEW YORK (Reuters) - The Federal Reserve is likely to begin shrinking the size of its debt purchase program, intended to prop up economic growth and support the labor market, by September of this year, according to the majority of economists at large Wall Street firms. Dell shares fall as investors bet against higher buyout bid (Reuters) - Shares of Dell Inc fell more than 3 percent on Friday, as investors grew skeptical that founder Michael Dell and Silver Lake Partners will raise their $24.4 billion buyout bid in order to overcome growing opposition. Exclusive: EU to fine Yazaki, Leoni, two other car parts makers - sources BRUSSELS (Reuters) - EU antitrust regulators will next week penalize four car parts makers including Yazaki and Leoni for taking part in a cartel, three people familiar with the matter said on Friday, as part of a crackdown on price-fixing in the sector. Oil jumps $2 on Egypt, U.S. data, biggest weekly gain in a year NEW YORK (Reuters) - Oil prices jumped nearly $2 a barrel on Friday to notch their biggest weekly gain in a year, boosted by concerns over rising tensions in Egypt and better-than-expected U.S. economic data. Swiss court allows Credit Suisse to hand client data to U.S. ZURICH (Reuters) - Switzerland's top court has ruled that the government can transfer the bank records of an American client of Credit Suisse to the U.S. tax authorities, giving a boost to the country's efforts to end U.S. investigations of Swiss banks. Moody's places UK bank RBS's debt ratings under review LONDON (Reuters) - Ratings agency Moody's has placed Royal Bank of Scotland's credit ratings on review for downgrade after Britain's finance ministry said it was considering breaking up the bank. BMPS foundation supports legal action against banks, ex-managers MILAN (Reuters) - The controlling shareholder of Banca Monte dei Paschi di Siena said Friday it wants to ask for damages against the lender's former managers and two foreign banks over loss-making derivative trades that brought it close to collapse. Related Video Techquity:Zuckerberg should step down like Zynga CEO-Wedbush U.S. Week Ahead: Once more into the breach goes Bernanke Economic News Brightening jobs picture may draw Fed closer to tapering Poll: Majority of U.S. primary dealers see Fed slowing bond buying in Sept A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend