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Friday, March 8, 2013

Business Today: Stock futures add to gains on strong jobs report

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03/8/2013
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Stock futures add to gains on strong jobs report
NEW YORK (Reuters) - Stock index futures jumped on Friday after data showed employers stepped up hiring in February, pushing the unemployment rate to a four year-low.
Sturdy February job gains bolster economy
WASHINGTON (Reuters) - U.S. employers stepped up hiring in February, pushing the unemployment rate to a four year-low and suggesting the economy has enough momentum to withstand the blow from higher taxes and deep government spending cuts.
KKR to acquire Gardner Denver for $3.9 billion
(Reuters) - Private equity firm KKR & Co LP will buy industrial machinery maker Gardner Denver Inc for $3.9 billion including debt.
McDonald's Feb sales fall 1.5 percent, less than feared
(Reuters) - McDonald's Corp said on Friday that February sales at its established restaurants around the world fell 1.5 percent as customers grappled with economic uncertainty.
Analysis: Profit squeeze hammering emerging equities
LONDON (Reuters) - Record high stocks? Currency surges? In the United States maybe, but across emerging markets, slowing economies and collapsing exports are hammering company profits far harder than in the seemingly hobbled West.
BofA looks to play catch-up in Asia corporate banking
Hong Kong (Reuters) - Bank of America Corp will seek more lending and cash management business with companies in Asia and elsewhere outside its U.S. home turf, Chief Executive Brian Moynihan said, an area ripe for expansion where it lags its big rivals.
Billionaire Kwok brothers plead not guilty in HK graft trial
HONG KONG (Reuters) - The two billionaire co-chairmen of property goliath Sun Hung Kai Properties and a former senior government official pleaded not guilty on Friday to involvement in one of Hong Kong's biggest corruption cases.
NTSB still seeking root cause of Boeing 787 fire
(Reuters) - A safety regulator on Thursday released hundreds of pages of details from its probe of a battery fire aboard Boeing's 787 Dreamliner, but the information did not reveal what caused the January blaze, and a call for hearings on the matter could slow efforts to get the plane back in the air.
World shares hit highest since June 2008
LONDON (Reuters) - World shares hit their highest level since June 2008 and the dollar set a fresh 3-1/2-year high against the yen on Friday, ahead of U.S. jobs data expected to point to a continuing pick up in the world's biggest economy.
Barclays says paid 428 staff over 1 million pound in 2012
LONDON (Reuters) - Barclays paid 428 bankers more than 1 million pounds ($1.5 million) in 2012, a torrid year for the British bank after its fine for rigging Libor interest rates.
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