Business Today: Wall Street ends higher after strong jobs data

	Click to View in Browser 12/6/2013 Wall Street ends higher after strong jobs data NEW YORK (Reuters) - U.S. stocks jumped on Friday, with the Dow and the S&P 500 snapping a five-day losing streak after a strong jobs report gave traders confidence that the economy was improving. Unemployment rate hits five-year low, eyes on the Fed WASHINGTON (Reuters) - U.S. employers hired more workers than expected in November and the jobless rate hit a five-year low of 7.0 percent, raising chances the Federal Reserve could start ratcheting back its bond-buying stimulus as soon as this month. Exclusive: Carlyle readies $3 billion sale of chemical company PQ - sources NEW YORK (Reuters) - Carlyle Group LP is preparing an initial public offering or a sale of PQ Corp that could value the specialty chemical company at up to $3 billion, including debt, people familiar with the matter said on Friday. Rogue trader gets prison, told to repay Goldman $118 million NEW YORK (Reuters) - Former Goldman Sachs Group Inc trader Matthew Taylor was sentenced to serve nine months in prison and pay $118 million in restitution to his former employer after he pleaded guilty to pursuing an unauthorized $8.3 billion futures trade in 2007. Judge rejects consumers' bid to block American-US Airways merger NEW YORK (Reuters) - A federal judge on Friday rejected a last-ditch effort by consumers and travel agents to stop American Airlines and US Airways from merging next week, a move they fear would drive prices up and service down and make planes more crowded. OCC's Curry says wants to revisit bank pay rules in 2014 WASHINGTON (Reuters) - Comptroller of the Currency Thomas Curry said on Friday he hopes that early next year regulators will revisit proposed rules barring banks from using pay structures that encourage employees to take big risks. Exclusive: Comcast taps JPMorgan on potential Time Warner Cable bid - sources NEW YORK (Reuters) - Top U.S. cable provider Comcast Corp has tapped JPMorgan Chase & Co for advice as it evaluates a potential bid for Time Warner Cable Inc, people familiar with the matter said. U.S. court upholds trial plan over defunct Nortel's $7.5 billion cash (Reuters) - The fight over defunct Nortel Networks' $7.5 billion in cash will be decided in joint U.S.-Canadian court hearings and not in arbitration, a U.S. appeals court ruled on Friday. Consumer credit grows more than expected in October WASHINGTON (Reuters) - U.S. consumer credit rose in October at its fastest pace in five months, a positive sign for consumer spending in the fourth quarter. Fed's Evans says open-minded on December taper, but prefers waiting CHICAGO (Reuters) - A top Federal Reserve official said on Friday he was open to reducing the U.S. central bank's bond buying stimulus program this month, although he would like to see a stronger labor market first. Related Video Instability hits Egypt's olive farms EU-Russia rift widens over Ukraine Economic News Unemployment rate hits five-year low, eyes on the Fed Fed's Plosser: positive jobs growth another reason to taper QE 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