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Friday, October 5, 2012

Business Today: Stock futures gain ahead of payrolls report

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10/5/2012
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
Stock futures gain ahead of payrolls report
NEW YORK (Reuters) - Stock index futures inched up in thin trading Friday, after four days of gains on the S&P 500, and ahead of a government payrolls report expected to show a tick up in hiring last month and a slight increase in the unemployment rate.
Jobless rate tumbles to near four-year low
WASHINGTON (Reuters) - The unemployment rate dropped to a near four-year low of 7.8 percent in September, a potential boost to President Barack Obama's re-election bid.
Lehman brokerage, Europe units settle $38 billion of claims
(Reuters) - The brokerage unit and a European unit of the former Lehman Brothers Holdings Inc said Friday they have agreed in principle to resolve litigation over $38 billion of claims, a step toward allowing customers and creditors some of their money.
Spotlight on Germany as EADS, BAE inch towards deal
BERLIN/PARIS (Reuters) - EADS and BAE Systems have edged closer towards winning political backing for a $45 billion merger to create the world's biggest arms group amid positive signals from Britain and France, but German misgivings over control is a big obstacle, sources close to the talks said.
Motorola wins German patent case against Microsoft
FRANKFURT (Reuters) - Mobile phone maker Motorola achieved a rare victory against software giant Microsoft in a patent case before a German court on Friday, the latest in a wave of patent lawsuits by technology firms fighting over market share.
Airbus lags Boeing in 9-month plane orders
PARIS (Reuters) - European planemaker Airbus won less than half as many aircraft orders as Boeing in the first nine months of the year as its U.S. arch-rival benefited from a surge in demand for its new fuel-efficient single-aisle model.
Analysis: Investors opt for gold ahead of U.S. "fiscal cliff"
LONDON (Reuters) - Investors are going for gold as their top commodities choice in what looks like a turbulent fourth quarter for the sector, planning for the possibility of a "fiscal cliff" that could shrink the U.S. economy and spur more money printing.
Exclusive: Credit Suisse probed over mortgages - sources
NEW YORK (Reuters) - U.S. federal and state authorities are investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank, people familiar with the probe said on Thursday.
RBS suspends Singapore trader over rate setting: source
LONDON (Reuters) - Royal Bank of Scotland has suspended a trader for attempting to manipulate a reference lending rate in Singapore, a person familiar with the matter told Reuters, showing the global spread of the scandal over setting rates such as Libor.
Greek PM says can't manage beyond November without next aid tranche
BERLIN (Reuters) - Greek leader Antonis Samaras told a German paper in an interview published on Friday his country could not manage beyond November without the next tranche of international aid and suggested the ECB could help by easing the terms of its Greek debt holdings.
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