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Friday, April 4, 2014

Business Today: U.S. maintains solid job growth pace as winter fades

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04/4/2014
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U.S. maintains solid job growth pace as winter fades
WASHINGTON (Reuters) - U.S. employers maintained a solid pace of hiring for a second straight month in March, further evidence the economy was shifting into higher gear after being held back by a brutally cold winter.
Stock futures add to gains after jobs report
NEW YORK (Reuters) - Stock index futures rose on Friday, adding to earlier gains despite the March payroll report coming in modestly below expectations.
GM files 200,000 pages of documents about recall to safety agency
DETROIT (Reuters) - General Motors Co said it has submitted most of the answers that U.S. safety regulators sought from the automaker about a defective ignition switch linked to at least 13 deaths.
Exclusive: Top investors press Allianz to step up oversight of Pimco
FRANKFURT (Reuters) - Several of the biggest investors in Allianz are pressing the German insurer to step up oversight of its California asset management unit Pimco and one is considering the unusual step of going public with its concerns at a shareholder meeting in May.
German industry orders rise in February, point to strong first quarter
BERLIN (Reuters) - Domestic demand drove a stronger-than-expected 0.6 percent rise in German industrial orders in February, Economy Ministry data showed on Friday, marking the fourth consecutive monthly gain and underscoring the pickup in Germany's mighty industry.
GlaxoSmithKline sacks some China staff for malpractice: source
LONDON (Reuters) - GlaxoSmithKline, facing allegations of bribery in China, has dismissed some employees in the country over failure to comply with expenses rules, a person familiar with the situation said on Friday.
Exclusive: Nestle, Fresenius home in on Danone Medical - sources
LONDON/FRANKFURT (Reuters) - The field of bidders for Danone's Medical Nutrition business has narrowed to German diversified healthcare group Fresenius and Swiss food company Nestle , two people familiar with the process told Reuters on Friday.
McDonald's quits Crimea as fears of trade clash grow
KIEV (Reuters) - McDonald's announced on Friday it had closed its restaurants in Crimea, prompting fears of a backlash as a prominent Moscow politician called for all the U.S. fast food chain's outlets in Russia to be shut.
Airbus drops behind Boeing in first-quarter jet orders
PARIS (Reuters) - Airbus dropped behind U.S. rival Boeing in the race for new airplane deals in the first quarter after a pair of wide-body order cancellations, while Boeing finalized a major Canadian sale, company data showed on Friday.
Pilots' strike to cost Lufthansa 35-75 million euros
FRANKFURT (Reuters) - Lufthansa said the three-day walkout by pilots that has effectively grounded Germany's largest airline would cost it in the region of 35-75 million euros, although it would take a few more days to calculate the final amount.
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