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Tuesday, October 22, 2013

Business Today: Tepid job growth supports Fed's cautious stance

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10/22/2013
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
Tepid job growth supports Fed's cautious stance
WASHINGTON (Reuters) - U.S. employers added far fewer workers than expected in September, suggesting a loss of momentum in the economy that will likely add to the Federal Reserve's caution in deciding when to trim its monthly bond purchases.
Wall Street rises as jobs data supports Fed policy
NEW YORK (Reuters) - U.S. stocks climbed on Tuesday, pushing the S&P 500 to yet another record high, after weaker-than-expected job creation last month reinforced expectations the Federal Reserve will hold the course on its economic stimulus into next year.
Exclusive: JPMorgan settlement could cost bank closer to $9 billion
WASHINGTON/NEW YORK (Reuters) - JPMorgan Chase & Co's preliminary $13 billion mortgage settlement with the U.S. government could end up costing the bank a considerably lower $9 billion after taxes, because the majority of the deal is expected to be tax deductible, two sources familiar with the matter said.
Apple gives away Mac software, unveils iPad Air
SAN FRANCISCO (Reuters) - Apple Inc will give away operating and work software free to Mac computer users, challenging Microsoft Corp's near-stranglehold on personal computing as the latter starts to make inroads into the mobile market.
Analysts raise Netflix targets but ask if shares now too high
(Reuters) - Strong subscriber gains by Netflix Inc prompted analysts to sharply raise price targets on the stock, even as some worried that the shares are getting expensive as the online online video company faces bigger bills for original programs.
Goldman must pay legal fees for ex-programmer accused of theft
NEW YORK (Reuters) - Goldman Sachs Group Inc must pay some legal fees incurred by a former computer programmer accused of stealing code from the bank because his title of vice president made him a bank officer at the time, a New Jersey federal judge ruled Tuesday.
DuPont expects farm demand to boost quarterly profit
(Reuters) - DuPont , the largest U.S. chemical maker by market value, said it expects earnings to more than double this quarter as its fast-growing agriculture business overcomes traditional seasonal weakness.
Lockheed profit tops estimates; raises full-year outlook
WASHINGTON (Reuters) - Lockheed Martin Corp , the No. 1 supplier to the Pentagon, reported on Tuesday higher third-quarter profit despite a 4 percent decline in sales, and lifted its forecast for full-year earnings, even as U.S. military spending shrinks.
Judge stalls sale of Boston Globe to Red Sox owner John Henry
BOSTON (Reuters) - A Massachusetts judge has temporarily blocked the sale of The Boston Globe and Telegram & Gazette to Boston Red Sox owner John Henry because it could complicate a pending class action lawsuit, according to court documents.
RF Micro reports profit; revenue rises 48 percent
(Reuters) - RF Micro Devices Inc reported a 48 percent rise in quarterly revenue, benefiting from increased demand for its chips used in Apple Inc and Samsung Electronics Co smartphones.
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