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Friday, February 3, 2012

U.S. Top News Early Edition: Job growth surges, jobless rate drops to 8.3 percent

Reuters
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02/3/2012
News Good Morning
LATEST NEWS
Job growth surges, jobless rate drops to 8.3 percent
WASHINGTON (Reuters) - The economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3 percent, providing some measure of comfort for President Barack Obama who faces re-election in November. | Full Article
Analysis: A sobering look at Facebook
February 03, 2012 08:30 AM ET
SAN FRANCISCO (Reuters) - It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients. | Full Article
Merged Glencore, Xstrata would take aim at iron ore
February 03, 2012 09:02 AM ET
SYDNEY (Reuters) - An $80 billion marriage of commodities trader Glencore and miner Xstrata could lead to a new round of takeovers in iron ore, creating a goliath eager to muscle its way onto one of mining's richest and most closely guarded industries. | Full Article
Senate OKs insider trading curbs on lawmakers
February 03, 2012 08:14 AM ET
WASHINGTON (Reuters) - The Senate on Thursday approved new curbs aimed at preventing lawmakers from trading shares based on inside information, but also extended the bill's disclosure requirements to more than 300,000 other federal employees. | Full Article
U.S. indicts Wegelin bank for helping Americans avoid tax
February 03, 2012 09:07 AM ET
(Reuters) - The United States indicted Wegelin, the oldest Swiss private bank, on charges that it enabled wealthy Americans to evade taxes on at least $1.2 billion hidden in offshore bank accounts, the U.S. Justice Department said on Thursday. | Full Article
BUSINESS NEWS
Stock futures imply sharp gains after strong jobs data
February 03, 2012 09:05 AM ET
NEW YORK (Reuters) - Stock index futures pointed to a sharply higher open on Friday after the government reported the U.S. economy created jobs at the fastest pace in nine months, infusing optimism into markets. | Full Article
Walgreen sales hit by exit from Express Scripts
February 03, 2012 09:18 AM ET
(Reuters) - Walgreen Co is being hit by its withdrawal from the Express Scripts Inc pharmacy network and by a much weaker-than-expected flu season, leading it to temper its expectations for the number of prescriptions it will fill this year. | Full Article
Investors worry where to put cash as banks wobble
February 03, 2012 09:36 AM ET
LONDON (Reuters) - Investors are holding more cash than at any time since the Lehman Brothers collapse to protect themselves against volatile financial markets, presenting them with a dilemma - where to hold that money when banks are looking shaky. | Full Article
HR business boosts Aon profit
February 03, 2012 07:57 AM ET
(Reuters) - Aon Corp posted a higher quarterly profit that narrowly beat market estimates as the world's largest insurance broker continued to reap the benefits from its acquisition of Hewitt Associates. | Full Article
Ex-UBS trader refused bail as bank probe deepens
February 03, 2012 07:28 AM ET
LONDON (Reuters) - Former UBS AG trader Kweku Adoboli, who is accused of unauthorized deals that cost the Swiss bank $2.3 billion, was refused bail by a London court on Friday less than an hour after regulators stepped up their probe into the scandal. | Full Article
HEALTH NEWS
Siblings' brain scans may hold key to addictions
Bossy mom at snack time tied to kid's weight: study
Think you can't get pregnant? Try again, study says
Breastfeeding tied to stronger lungs, less asthma
Allergan to rely less on U.S. for sales, Asia key
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