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Friday, March 9, 2012

Daily Investor Briefing: Wall Street up on jobs data, brushes...

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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
Wall Street up on jobs data, brushes off Greek default
NEW YORK (Reuters) - Stocks advanced on Friday as investors brushed off the technical default by Greece and focused instead on another strong monthly jobs report.
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.
Job creation heralds stronger recovery
WASHINGTON (Reuters) - U.S. employers added more than 200,000 workers to their payrolls for a third straight month in February, a sign the economy was strengthening and in less need of further monetary stimulus from the Federal Reserve.
El Paso holders OK Kinder Morgan deal amid protests
HOUSTON (Reuters) - Amid chanting and shouts of protest at a raucous shareholder meeting, El Paso Corp investors approved the natural gas pipeline company's $23 billion takeover by rival Kinder Morgan Inc .
Morgan Stanley banker pleads not guilty in cab driver assault
STAMFORD, Connecticut (Reuters) - A senior Morgan Stanley banker pleaded not guilty on Friday to hate crime, theft and assault charges stemming from an incident last December that police say escalated from a dispute over a $200-plus cab fare to a knife attack on the driver.
Regulators approves Cap One-HSBC deal
(Reuters) - Bank regulators approved Capital One Financial's acquisition of HSBC's $30 billion U.S. credit card business, the Office of the Comptroller of the Currency announced on Friday.
Insight: Coke, Conoco, Icahn among big fish on MF Global hook
CHICAGO (Reuters) - Oil major ConocoPhillips, billionaire investor Carl Icahn, Coca Cola and giant energy trader Mercuria are among a crop of previously unnamed, high-profile former clients of bankrupt futures brokerage MF Global, an examination of claims filed in the case shows.
New York Times paid former CEO $24 million
(Reuters) - Former New York Times Co Chief Executive Janet Robinson received a total payout of nearly $24 million after she left the newspaper publisher at the end of last year, according to a regulatory filing on Friday.
Exxon CEO says more fracking rules hinder development
HOUSTON (Reuters) - State and local regulations in shale oil- and natural gas-rich plays across the United States provide sufficient oversight, compared to the "dysfunctional" federal layers that could hinder development as well as the economic recovery, Exxon Mobil Corp Chief Executive Rex Tillerson said on Friday.
Fannie, Freddie regulator slashes executive pay
WASHINGTON (Reuters) - The regulator for Fannie Mae and Freddie Mac , responding to political pressure, on Friday slashed salaries for the chief executives of the two firms and ruled out bonuses for many top executives.
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