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Wednesday, March 7, 2012

Business Today: Stock futures add to gains after jobs report

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03/7/2012
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
Stock futures add to gains after jobs report
NEW YORK (Reuters) - Stock index futures briefly added to gains on Wednesday after a report showed the pace of job creation by U.S. private employers accelerated more than expected in February.
Private sector adds 216,000 jobs in February
NEW YORK (Reuters) - The pace of job creation by private employers accelerated more than expected in February, a report by a payrolls processor showed on Wednesday.
Greek bond swap prospects lifted by pledges
ATHENS (Reuters) - Major banks and pension funds threw their weight behind Greece's bond swap offer to private creditors on Wednesday, raising the likelihood that the deal will go through and a 130 billion euro international bailout package would be secured.
GE sees LatAm, Middle East outpacing Asia in 2012
RIO DE JANEIRO (Reuters) - General Electric Co expects its sales growth in resource-rich countries in Latin America and the Middle East to outpace that in China and Asia, which has been a major focus for the largest U.S. conglomerate.
China lambasts U.S. trade bill, won't adjust yuan
BEIJING (Reuters) - A U.S. trade bill targeting Chinese imports goes against international rules and Beijing will not adjust the value of its currency to try to bridge a trade deficit that is Washington's problem to fix, China's commerce minister said on Wednesday.
RIM results will continue to disappoint: BMO
(Reuters) - Research In Motion's revenue and margins will continue to disappoint in the coming quarters due to a lack of clarity on the launch and impact of its latest version of BlackBerry, BMO Capital Markets said.
Europe's ailing carmakers seek overcapacity fix
GENEVA (Reuters) - Europe's carmakers, desperate to beat the chronic overcapacity plaguing the industry, are seeking a pan-European fix to a problem that is eating away at profits and leaving them vulnerable to leaner overseas competitors.
Analysis: Greek default may be gift to other euro strugglers
LONDON (Reuters) - Greece's tortuous debt restructuring and threat of retroactive laws to compel reluctant creditors heaps regulatory risk onto investors but may make voluntary sovereign debt revamps more attractive and likely for other cash-strapped euro sovereigns and their creditors.
Adidas outlook disappoints in Olympic year
FRANKFURT (Reuters) - German sportswear group Adidas stuck to forecasts for a slowdown in sales growth in 2012, disappointing investors who had hoped for more in a banner year for sports events with the Olympics and European soccer championships.
Chrysler recalls 210,000 Jeep SUVs for corrosion issue
DETROIT (Reuters) - Chrysler is recalling nearly 210,000 Jeep Liberty sport utility vehicles due to potential problems resulting from excessive corrosion that could lead to a loss of control by the driver.
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