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Friday, March 9, 2012

Business Today: Futures rise after payrolls data

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03/9/2012
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
Futures rise after payrolls data
NEW YORK (Reuters) - Stock index futures turned higher on Friday after data showed employment grew solidly for a third straight month in February, a sign the economic recovery was broadening.
Payrolls up solidly, jobless rate at 8.3 percent
WASHINGTON (Reuters) - Employment grew solidly for a third straight month in February, a sign the economic recovery was broadening and in less need of further monetary stimulus from the Federal Reserve.
January trade gap widens as imports hit record high
WASHINGTON (Reuters) - The trade deficit widened more than expected in January as high oil prices and resurgent demand helped pushed imports to a record high, a Commerce Department report showed on Friday.
Greece averts immediate default, markets skeptical
ATHENS (Reuters) - Greece averted the immediate threat of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new bailout.
Ericsson jobs on the line in North America
STOCKHOLM (Reuters) - Ericsson , the world's top mobile telecoms equipment maker, is to cut jobs at its North American operations as part of a continued drive for greater efficiency in a business seeing slower sales.
Former Starbucks executive to be Best Buy digital chief
NEW YORK (Reuters) - Best Buy Co named former Starbucks Chief Information Officer Stephen Gillett as the head of its digital and global business services, effective March 14.
Barclays may settle action over Libor probe
LONDON (Reuters) - Britain's Barclays may have to settle legal and regulatory action against it relating to a global investigation into possible manipulation of interbank lending rates.
Boeing dwarfs Airbus orders in January-February
PARIS (Reuters) - European planemaker Airbus reshuffled its order book but sold no previously unassigned aircraft in February and remains well behind Boeing since the start of the year, company data showed on Friday.
OPEC pumps record volumes despite demand worry
(Reuters) - Europe's debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday, adding it was still pumping above its target despite a slide in Iranian production.
Wal-Mart wins final go-ahead for Massmart deal
CAPE TOWN (Reuters) - A South African court on Friday largely dismissed an appeal from government and unions to roll back approval for Wal-Mart's $2.4 billion acquisition of Massmart , ending months of uncertainty about the status of the deal.
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