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Friday, October 3, 2014

Daily Investor Briefing: U.S. hiring accelerates, jobless rate...

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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. hiring accelerates, jobless rate hits six-year low
WASHINGTON (Reuters) - U.S. employers ramped up hiring in September and the jobless rate fell to a six-year low, bolstering bets the Federal Reserve will hike interest rates in mid-2015.
Wall St. rallies on payrolls report
NEW YORK (Reuters) - The S&P 500 posted its best day since August on Friday following a stronger-than-expected September U.S. jobs report that bolstered the outlook for the U.S. economy.
U.S. service sector growth slips in September: ISM survey
NEW YORK (Reuters) - The pace of growth in the U.S. services sector fell in September to its lowest level in three months but employment hit a nine-year high, according to an industry report released on Friday.
GM recalls more than half a million cars, SUVs
DETROIT (Reuters) - General Motors Co said on Friday it was recalling 524,384 cars and sport utility vehicles globally in two actions dealing with potential latch problems and loose parts and would stop sales of two new truck models with potential air bag defects.
Exclusive: Schwab ready to unveil free 'robo-broker' service
NEW YORK (Reuters) - Charles Schwab Corp. is weeks away from introducing an automated investing service aimed at winning business from novice investors it does not currently serve, company officials told Reuters.
Yahoo plans to invest in Snapchat: WSJ
(Reuters) - Yahoo Inc plans to invest a part of the proceeds from the Alibaba Group Holding Ltd stake sale in mobile app Snapchat, which lets users send messages that disappear after a few seconds, the Wall Street Journal said.
States investigate JPMorgan Chase hack as it is seen fueling fraud
BOSTON (Reuters) - Two U.S. states are investigating the theft of 83 million customer records from JPMorgan Chase & Co in a massive cyberattack uncovered over the summer and more may soon join, Reuters learned on Friday.
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.
Bill Gross to release first investment outlook with Janus on October 9
NEW YORK (Reuters) - Bill Gross will release his first investment outlook with Janus Capital, the smaller rival for whom he left bond fund manager Pimco, next Thursday.
French magistrates propose $6.1 billion fine for UBS: source
PARIS (Reuters) - French investigating magistrates have proposed that UBS AG pay a fine of 4.88 billion euros ($6.16 billion) in an investigation into whether the Swiss bank helped wealthy French individuals dodge tax, according to a judicial source.
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