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Friday, March 7, 2014

Daily Investor Briefing: U.S. job growth offers upbeat sign...

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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.
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.
Bank of America executives' pay rose 12 percent in 2013
(Reuters) - Bank of America Corp gave its top executives a collective 12 percent pay raise in 2013, according to a filing with the U.S. Securities and Exchange Commission on Friday.
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.
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