Career News 24/7: Business Today: U.S. job growth offers upbeat sign for weather-beaten economy

Friday, March 7, 2014

Business Today: U.S. job growth offers upbeat sign for weather-beaten economy

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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 offers upbeat sign for weather-beaten economy

WASHINGTON (Reuters) - U.S. job growth accelerated sharply in February despite the icy weather that gripped much of the nation, easing fears of an abrupt economic slowdown and keeping the Federal Reserve on track to continue reducing its monetary stimulus.

Wall Street ends mostly higher, S&P 500 at record

NEW YORK (Reuters) - U.S. stocks ended mostly higher on Friday, with the S&P 500 closing at a record after more jobs than expected were created in February and January's figure was revised higher.

Ex-Jefferies trader guilty of fraud in bond probe

NEW HAVEN, Connecticut (Reuters) - A federal jury found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades, a victory for the government as it probes whether banks cheated their customers in the years after the financial crisis.

Chevron's U.S. win in Ecuador case looms over cases elsewhere

NEW YORK (Reuters) - Ecuadorean villagers who are trying to get billions of dollars from Chevron Corp for pollution in the Amazon jungle are ready to refocus their fight on pending suits in other countries after a setback in the United States.

Boeing reports wing cracks on 787 Dreamliners still in production

NEW YORK (Reuters) - Boeing Co said on Friday that "hairline cracks" had been discovered in the wings of 787 Dreamliner jets still in production, a condition that could delay deliveries of some jets but will not affect its 2014 guidance on overall deliveries for the year.

GM must address recall soon to avoid damage to reputation

DETROIT (Reuters) - General Motors Co needs to get through its ignition-switch recall and the resulting federal investigation quickly to avoid any lasting damage to its brand, but the federal probe could keep the problem in the public eye for at least six months.

Exclusive: Pimco's Gross declares El-Erian is 'trying to undermine me'

(Reuters) - Bill Gross, the co-founder and co-chief investment officer of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to "undermine" him by talking to The Wall Street Journal about deepening tensions between the two executives who have been jointly running the world's largest bond house.

JPMorgan whistleblower gets $63.9 million in mortgage fraud deal

(Reuters) - A whistleblower will be paid $63.9 million for providing tips that led to JPMorgan Chase & Co's agreement to pay $614 million and tighten oversight to resolve charges that it defrauded the government into insuring flawed home loans.

Fed's Dudley flags easy money now, rate rise around mid-2015

NEW YORK (Reuters) - The Federal Reserve is not about to back off its highly accommodative policy, though investor predictions of a rate rise by midway through next year are reasonable, an influential U.S. central banker said on Friday.

U.S. investigates two French banks for sanctions violations: source

NEW YORK (Reuters) - U.S. authorities are investigating whether two French banks violated anti-money laundering rules and economic embargoes on countries like Iran, according to a person familiar with the investigation.