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Friday, October 3, 2014

Business Today: U.S. jobless rate falls to six-year low in September

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U.S. jobless rate falls to six-year low in September
WASHINGTON (Reuters) - U.S. employers stepped up hiring in September and the jobless rate fell to a six-year low, which could bolster bets on a Federal Reserve rate hike in mid-2015 or even earlier.
Futures set to open higher after payroll report
NEW YORK (Reuters) - U.S. stock index futures pointed to a higher open on Friday, adding to earlier gains, after the September jobs report came in ahead of expectations, though major indexes remained on track for a second straight weekly decline.
U.S. trade deficit narrows on rise in exports
WASHINGTON, Oct 3 (Reuters) - The U.S. trade gap unexpectedly narrowed in August to its smallest level in seven months on an increase in exports, supporting views of sturdy economic growth in the third quarter.
GM recalls 524,384 cars and SUVs globally in two actions
DETROIT (Reuters) - General Motors Co said on Friday it is recalling 524,384 cars and sport utility vehicles globally in two actions dealing with potential latch and loose part issues.
Bruised global stocks, oil steady as U.S. jobs data looms
LONDON (Reuters) - Equity and commodity markets steadied ahead of U.S. jobs data on Friday, having this week suffered their biggest slump in months on worries about growth, political unrest and looming U.S. interest rate rises.
UBS faces fine of up to $6.3 billion in French tax probe: paper
ZURICH (Reuters) - Switzerland's largest bank UBS could face a fine of up to $6.3 billion if found guilty in an investigation in France into whether it helped wealthy customers there avoid tax, a Swiss newspaper reported on Friday.
Disney extends CEO Iger's contract through June 2018
LOS ANGELES (Reuters) - Walt Disney Co's board extended Chairman and Chief Executive Bob Iger's contract through June 2018, keeping him at the helm of the media and theme park company two years longer than he previously planned.
JPMorgan hack exposed data of 83 million, among biggest breaches in history
(Reuters) - Names, addresses, phone numbers and email addresses of the holders of some 83 million households and small business accounts were exposed when computer systems at JPMorgan Chase & Co were recently compromised by hackers, making it one of the biggest data breaches in history.
Airbus insider trading trial opens in France
PARIS (Reuters) - A long-awaited French corporate trial involving allegations of insider trading in the shares of Airbus Group got under way on Friday, marking the climax of an eight-year investigation.
Pimco CEO says 'our DNA is fundamentally unchanged' after Gross
(Reuters) - Pimco CEO Doug Hodge played defense on Thursday, reiterating that Bill Gross's departure has not affected the way the U.S. bond giant functions.
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