The Other Side of Life 24/7: Daily Investor Briefing: Strong U.S. job, wage gains open door...

Friday, February 6, 2015

Daily Investor Briefing: Strong U.S. job, wage gains open door...

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02/6/2015

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

Strong U.S. job, wage gains open door to mid-year rate hike

WASHINGTON (Reuters) - U.S. job growth rose solidly in January and wages rebounded, a show of economic strength that put a mid-year interest rate increase from the Federal Reserve back on the table.

Wall St. ends lower, but rises on the week

NEW YORK (Reuters) - U.S. stocks fell on Friday as a rosy U.S. jobs report supported expectations of a rise in U.S. interest rates by mid-year, while more worries over Greek's debt negotiations added to bearish tone.

Oil climbs, Brent posts best two weeks since 1998

NEW YORK (Reuters) - Oil rallied again on Friday, with benchmark Brent crude having its largest two-week gain in 17 years, as falling oil rig counts and violence in producer Libya helped further stall a selloff that began in June.

For blue-collar America wage gains are slim even as employment surges

WASHINGTON (Reuters) - America has added more than a million jobs in the space of three months but wages, especially for blue-collar workers, are showing few signs of gains.

Wall Street firms waver over June 2015 rate hike: Reuters poll

NEW YORK (Reuters) - Economists at Wall Street's biggest banks are less convinced than a month ago that Federal Reserve rate hikes will begin as soon as June, even as recent U.S. job growth is at its strongest in 18 years, a Reuters poll found on Friday.

Isolated Greece wants no more bailout money with strings

ATHENS/BRUSSELS (Reuters) - Greece's new leftist-led government, isolated in the euro zone and under pressure from the European Central Bank, said on Friday it wanted no more bailout money with strings attached from the European Union and International Monetary Fund.

RadioShack lines up $285 million in bankruptcy financing

NEW YORK (Reuters) - RadioShack Corp will use a $285 million debtor-in-possession (DIP) financing from DW Partners LP, a credit-focused fund manager, to back its operation during Chapter 11, according to a company statement.

U.S. defense suppliers Harris and Exelis to combine

(Reuters) - Harris Corp will buy Exelis Inc in a deal valued at about $4.75 billion, combining two big suppliers to the U.S. military at a time when the government is squeezing spending on defense.

Google can disrupt car industry but is no automaker, Daimler says

FRANKFURT (Reuters) - Technology companies such as Google are unlikely to become mass car manufacturers, even if they have the potential to disrupt an industry increasingly focused on software and automated driving, the head of German carmaker Daimler said on Friday.

Brazil's Petrobras taps state banker as CEO; shares dive

BRASILIA (Reuters) - Brazil's President Dilma Rousseff tapped a confidant from a state-run bank to be the next head of Petrobras on Friday, chilling investor hopes that a more independent new management team would steer the oil firm out of a huge corruption scandal.