The Other Side of Life 24/7: Daily Investor Briefing: U.S. job growth cools, unemployment...

Friday, August 1, 2014

Daily Investor Briefing: U.S. job growth cools, unemployment...

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08/1/2014

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

U.S. job growth cools, unemployment rate rises

WASHINGTON (Reuters) - U.S. job growth slowed in July and the unemployment rate unexpectedly rose, pointing to slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while.

Wall Street ends down; S&P has worst week since 2012

NEW YORK (Reuters) - Stocks ended lower on Friday as jobs data suggesting the Federal Reserve has room to keep interest rates low for some time was offset by lingering concern over Argentina's default.

Exclusive: JPMorgan's proposed $4.5 billion deal to be accepted for most trusts

NEW YORK (Reuters) - Trustees representing investors in JPMorgan Chase & Co's $4.5 billion settlement over money-losing mortgage-backed securities are expected to accept the bank's proposal for the vast majority of their trusts, according to a person familiar with the matter.

Apple $450 million e-book settlement wins court approval

NEW YORK (Reuters) - Apple Inc on Friday won preliminary court approval for its $450 million settlement of claims it harmed consumers by conspiring with five publishers to raise e-book prices.

Jobs data bolsters Yellen's argument on labor market slack

WASHINGTON (Reuters) - The U.S. Federal Reserve has made a big bet that recovery of the labor market is a long way from creating a worrisome surge of inflation. A range of economic data on Friday suggested the Fed has been reading the odds well.

Airbus, Boeing wide-body jet battle triggers warnings of oversupply

PARIS (Reuters) - Airbus's summer sales campaign with the new A330neo airliner has triggered warnings of potential oversupply in the wide-body market and of a bruising price battle as the older-generation model undercuts rival Boeing's 787 Dreamliner.

Allergan sues Valeant, Ackman for alleged insider trading

(Reuters) - Allergan Inc , which is fighting a $51 billion hostile takeover bid from Valeant Pharmaceuticals International and activist investor William Ackman, on Friday filed a federal lawsuit alleging they violated insider trading laws.

Consumer sentiment dips in July

NEW YORK (Reuters) - U.S. consumer sentiment edged down in July, while an index of consumer expectations weakened for a third straight month, a survey released on Friday showed.

India says WTO deal not dead, can sign in September if concerns addressed

NEW DELHI/GENEVA (Reuters) - India is willing to sign a global trade deal, which it has torpedoed, if other World Trade Organization members can agree to its parallel demand for concessions on stockpiling food, senior officials in New Delhi said on Friday.

U.S. auto sales fall short of expectations in July

DETROIT (Reuters) - U.S. auto sales growth slowed slightly in July despite hefty discounts, with most manufacturers on Friday reporting gains below expectations.