Business Today: Jobs report takes Dow, S&P to fresh record highs

	Click to View in Browser 06/6/2014 Jobs report takes Dow, S&P to fresh record highs NEW YORK (Reuters) - U.S. stocks rose on Friday, with the Dow and the S&P 500 closing at records, after the May payrolls report provided the latest confirmation of improving economic conditions. GM sets four more recalls, covering over 105,000 vehicles DETROIT (Reuters) - General Motors Co on Friday announced four more recalls covering 105,688 cars and trucks globally, raising the number of recalls to 34 including the high-profile for defective ignition switches linked to at least 13 deaths. U.S. recoups jobs lost in recession as economy picks up WASHINGTON (Reuters) - U.S. employment returned to its pre-recession peak in May with a solid pace of hiring that offered confirmation the economy has snapped back from a winter slump. Exclusive: As bank fines soar, U.S. threatened $16 billion BNP penalty WASHINGTON/NEW YORK (Reuters) - U.S. authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter. U.S. consumer credit surges on increased credit card use WASHINGTON (Reuters) - U.S. consumer credit surged in April as Americans ramped up their use of credit cards, a potentially positive sign for consumer spending. Economy needs to tighten up before rates can rise: Fed's Powell LONDON (Reuters) - Federal Reserve Governor Jerome Powell said on Friday that he wanted to see signs that the U.S. economy was tightening up before before interest rates could be raised. Wal-Mart appoints Walton family member as vice chairman (Reuters) - Wal-Mart Stores Inc appointed Gregory Penner as vice chairman, showing again that the world's largest retailer is looking at younger executives to revive its fortunes. Big risks seen in Putin's idea to beef up Gazprom MOSCOW (Reuters) - President Vladimir Putin's idea of a massive boost to Gazprom's share capital has taken bankers and the energy industry by surprise, with some fearing it could further strain Russia's sanctions-hit economy and undermine the rouble. Bank of America could pay at least $12 billion to settle probes: report (Reuters) - Bank of America Corp could pay more than $12 billion to settle probes by the U.S. Justice Department and a number of states into the bank's alleged handling of shoddy mortgages, the Wall Street Journal said on Thursday, citing people familiar with the negotiations. SEC charges Liquidnet, Wedbush with regulatory violations WASHINGTON (Reuters) - U.S. securities regulators filed civil lawsuits on Friday against a "dark pool" trading venue and a major brokerage firm as part of a crackdown on market structure rule violations. Related Video Now is the time to invest in U.S. equity market Putin, Ukraine leader break ice Economic News U.S. recoups jobs lost in recession as economy picks up Emerging markets output growth hits three-month high in May: HSBC survey 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