Business Today: Wall Street cuts gains after jobs data

		Click to View in Browser 09/7/2012 Wall Street cuts gains after jobs data NEW YORK (Reuters) - Stock index futures pared gains on Friday after data showed the economy added 96,000 jobs last month, below expectations for 125,000. Jobs growth brakes in August, seen forcing Fed's hand WASHINGTON (Reuters) - Jobs growth slowed more than expected in August, setting the stage for the Federal Reserve to pump additional money into the sluggish economy next week and dealing a blow to President Obama as he seeks reelection in November. Glencore raises offer for Xstrata to salvage deal LONDON/ZUG (Reuters) - Trader Glencore has raised its offer for miner Xstrata in a dramatic 11th-hour effort to rescue one of the sector's largest ever deals from collapse after opposition from rival shareholder Qatar. "Hard reforms" a condition for ECB bond buys: Asmussen BERLIN (Reuters) - The European Central Bank will only buy a euro zone country's sovereign bonds if it commits to "hard reforms", ECB policymaker Joerg Asmussen said on Friday, seeking to soothe German concerns that the central bank is embarking on a risky new strategy. German exports, imports and industrial production climb BERLIN (Reuters) - German exports and imports edged up in July and industrial output rose unexpectedly, showing sustained resilience in Europe's largest economy to the euro zone crisis, but economists expect to see increased signs that business is now flagging. Fastest UK production since 1987 signals recession end LONDON (Reuters) - British industrial output grew at its fastest pace in 25 years in July, making up all the ground lost due to an extra public holiday in June and raising the chances that the economy is crawling out of recession. Analysis: New York AG's private equity probe may have little bite NEW YORK (Reuters) - New York state attorney general Eric Schneiderman's investigation of the private equity industry's tax practices may have attracted a lot of publicity in recent days, yet it's uncertain whether it will result in big financial settlements. Lufthansa, cabin crew to resume talks over strikes FRANKFURT (Reuters) - The union representing striking cabin crew at Lufthansa said it would resume talks on Friday afternoon with the airline in a bitter row over pay and conditions that led to a 24-hour strike on Friday, the biggest stoppage to date. Greece may pass new troika test but bailout seen on the rocks ATHENS (Reuters) - Greece hopes a major state sell-off this autumn will persuade international inspectors arriving on Friday to keep the country's aid lifeline open despite scant progress on reforms promised in return for the cash. Pandora shares down 14 percent on reports of rival Apple service (Reuters) - Shares of Pandora Media Inc fell 14 percent in premarket trading on Friday following media reports that Apple Inc was in talks to license music for a radio service like the one Pandora operates. Related Video U.S. Morning Call: Jobs growth likely slowed in August How Italy's banks are coping with the crisis - Unicredit CEO Economic News Jobs growth brakes in August, seen forcing Fed's hand U.S. online job demand rises in August 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