Career News 24/7: Before the Bell: U.S. job growth accelerates, weather cuts into hours worked

Friday, March 7, 2014

Before the Bell: U.S. job growth accelerates, weather cuts into hours worked

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03/7/2014

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 accelerates, weather cuts into hours worked

WASHINGTON (Reuters) - U.S. job growth rose more than expected in February, which could ease fears of an abrupt slowdown in economic growth and keep the Federal Reserve on track in reducing its monetary stimulus.

Futures climb after payrolls data

NEW YORK (Reuters) - U.S. stock index futures added to gains after a better-than-expected reading on employment data for February.

U.S. trade deficit steady in January as exports bounce back

WASHINGTON (Reuters) - The U.S. trade deficit was little changed in January as a rebound in exports matched an increase in imports.

Fed seen as raising rates a bit earlier after jobs report

(Reuters) - U.S. short-term interest-rate futures contracts fell after a U.S. government report showed U.S. employers added more jobs than expected in February, prompting some traders to price in an earlier date for a rate hike from the Federal Reserve.

Appeals court acquits banks in Milan derivatives case

MILAN (Reuters) - A Milan appeals court has acquitted four international banks, including JPMorgan and UBS, found guilty in an earlier trial of mis-selling derivatives to the city of Milan.

Buoyant stocks await payrolls, ECB inaction spurs euro

LONDON (Reuters) - World shares were at a six-year high and heading for a fifth week of back-to-back gains on Friday as the ongoing tug-of-war over Crimea and uncertainty ahead of U.S. jobs data did little to sap market confidence.

Banks to return 11.4 billion euro of crisis loans to ECB next week

FRANKFURT (Reuters) - Banks will return 11.401 billion euros ($15.78 billion) in crisis loans to the European Central Bank next week, more than six times than the amount that was expected, accelerating the drain of extra cash out of the euro zone financial system.

Cerberus Capital to buy Safeway for about $9.4 billion

(Reuters) - Safeway Inc , the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion.

Detroit reaches $120 million loan deal with Barclays

(Reuters) - Detroit said in a court filing on Thursday it had reached an agreement with Barclays PLC for a $120 million loan that would allow it to invest in services and speed its path out of bankruptcy.

Man called Bitcoin's father denies ties, leads LA car chase

TEMPLE CITY, California (Reuters) - A Japanese American man thought to be the reclusive multi-millionaire father of Bitcoin emerged from a modest Southern California home and denied involvement with the digital currency before leading reporters on a freeway car chase to the local headquarters of the Associated Press.