Career News 24/7: Daily Investor Briefing: U.S. job growth falters as cold...

Friday, January 10, 2014

Daily Investor Briefing: U.S. job growth falters as cold...

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01/10/2014

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

U.S. job growth falters as cold weather grips nation

WASHINGTON (Reuters) - U.S. employers hired the fewest workers in nearly three years in December, but the setback was likely to be temporary amid signs that unusually cold weather may have had an impact.

S&P 500 ends higher, led by defensive shares

NEW YORK (Reuters) - The S&P 500 ended slightly higher on Friday, led by gains in defensive names after a weaker-than-expected payrolls report raised new questions about both the strength of the economy and the aggressiveness of the Federal Reserve's stimulus.

Obama moves to fill Fed board, taps Fischer to be No. 2

(Reuters) - President Barack Obama on Friday nominated former Bank of Israel Governor Stanley Fischer to be vice chairman of the Federal Reserve, and tapped two others to round out the U.S. central bank's top ranks just as it begins winding down its historic economic stimulus.

Weak jobs growth unlikely to derail QE cuts: Fed officials

INDIANAPOLIS/RALEIGH, North Carolina (Reuters) - Another cut to bond purchases appears in the offing this month despite data that showed U.S. jobs growth slowed sharply in December, two top Federal Reserve officials said on Friday.

U.S. 'rushed to judgment' against SAC's Martoma, lawyer tells jury

NEW YORK (Reuters) - Prosecutors "rushed to judgment" in charging former SAC Capital Advisors portfolio manager Mathew Martoma with insider trading, his lawyer told jurors on Friday.

Target boosts data breach toll as prosecutors launch probe

NEW YORK/BOSTON (Reuters) - The data breach at Target Corp over the holiday shopping season was far bigger than initially thought, the U.S. retailer said on Friday, as state attorneys general announced a nationwide investigation into the cyber-attack.

U.S. judge clears way for China's Wanxiang to bid for Fisker

WILMINGTON, Delaware (Reuters) - A U.S. judge on Friday rejected a planned sale of Fisker Automotive to a Hong Kong tycoon, opening the way for China's largest auto parts company to buy the defunct maker of the Karma plug-in hybrid sports car.

Apple did not violate Google patent, says U.S. appeals court

WASHINGTON (Reuters) - Apple Inc does not use patented technology owned by Google unit Motorola Mobility in making its iPhones, an appeals court said on Friday.

Airbus studies engine revamp of A330: sources

PARIS (Reuters) - After increasing sales of its A320 jet by revamping it with newer and more efficient engines, Airbus is studying whether to repeat the process with a larger jet, the A330, industry sources and analysts said.

Fed's Lacker sees $10 billion taper on table at next meeting

RALEIGH, North Carolina (Reuters) - U.S. Federal Reserve policymakers will likely discuss another $10 billion reduction in the monthly pace of bond buying at their next meeting, said a senior Fed official on Friday, who warned against reading too much into a weak jobs report for December.