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Friday, July 5, 2013

Daily Investor Briefing: Brightening jobs picture may draw Fed...

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07/5/2013
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
Brightening jobs picture may draw Fed closer to tapering
WASHINGTON (Reuters) - Job growth was stronger than expected in June and the payroll gains for the prior two months were revised higher, cementing expectations for the Federal Reserve to start winding down its massive stimulus program as early as September.
Wall St. ends up 1 percent on strong jobs data
NEW YORK (Reuters) - Stocks ended higher in choppy trading on Friday after robust jobs data pointed to a strengthening economy and investors overcame concerns that the Federal Reserve may begin to cut its stimulus measures as soon as September.
FCC gives official nod to deals by SoftBank, Sprint, Clearwire
WASHINGTON (Reuters) - The Federal Communications Commission on Friday announced its official approval of two related deals by Sprint Nextel Corp, SoftBank Corp and Clearwire Corp.
Poll: Majority of U.S. primary dealers see Fed slowing bond buying in Sept
NEW YORK (Reuters) - The Federal Reserve is likely to begin shrinking the size of its debt purchase program, intended to prop up economic growth and support the labor market, by September of this year, according to the majority of economists at large Wall Street firms.
Dell shares fall as investors bet against higher buyout bid
(Reuters) - Shares of Dell Inc fell more than 3 percent on Friday, as investors grew skeptical that founder Michael Dell and Silver Lake Partners will raise their $24.4 billion buyout bid in order to overcome growing opposition.
Exclusive: EU to fine Yazaki, Leoni, two other car parts makers - sources
BRUSSELS (Reuters) - EU antitrust regulators will next week penalize four car parts makers including Yazaki and Leoni for taking part in a cartel, three people familiar with the matter said on Friday, as part of a crackdown on price-fixing in the sector.
Oil jumps $2 on Egypt, U.S. data, biggest weekly gain in a year
NEW YORK (Reuters) - Oil prices jumped nearly $2 a barrel on Friday to notch their biggest weekly gain in a year, boosted by concerns over rising tensions in Egypt and better-than-expected U.S. economic data.
Swiss court allows Credit Suisse to hand client data to U.S.
ZURICH (Reuters) - Switzerland's top court has ruled that the government can transfer the bank records of an American client of Credit Suisse to the U.S. tax authorities, giving a boost to the country's efforts to end U.S. investigations of Swiss banks.
Moody's places UK bank RBS's debt ratings under review
LONDON (Reuters) - Ratings agency Moody's has placed Royal Bank of Scotland's credit ratings on review for downgrade after Britain's finance ministry said it was considering breaking up the bank.
BMPS foundation supports legal action against banks, ex-managers
MILAN (Reuters) - The controlling shareholder of Banca Monte dei Paschi di Siena said Friday it wants to ask for damages against the lender's former managers and two foreign banks over loss-making derivative trades that brought it close to collapse.
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