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Friday, February 1, 2013

Business Today: Global shares gain, dollar dips as growth outlook brightens

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02/1/2013
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Global shares gain, dollar dips as growth outlook brightens
LONDON (Reuters) - The dollar fell and world stocks gained on Friday as fresh economic data signaled that the euro zone's downturn has eased and China's growth was on track, but moves were limited as investors await a U.S. jobs report.
Employment report points to steady economic growth
WASHINGTON (Reuters) - Job growth grew modestly in January and gains in the prior two months were bigger than initially reported, supporting views the economy's sluggish recovery was on track despite a surprise contraction in output in the final three months of 2012.
Chevron profit rises on refining and asset swap gain
(Reuters) - Chevron Corp posted a rise in quarterly profit on Friday as its refining arm managed to improve earnings despite the crippling of the company's oldest refinery last August by a fire.
Fed's Dudley floats even broader revamp of wholesale funding
NEW YORK (Reuters) - The United States could adopt even broader reforms of the wholesale funding markets than currently being considered, including forcing firms to rely more on longer-term funding or expanding the U.S. Federal Reserve's backstop, an influential Fed official said on Friday.
Exxon's quarterly profit rises 6 percent
(Reuters) - Exxon Mobil Corp , the world's largest publicly traded oil company, on Friday reported a higher-than-expected 6 percent increase in quarterly profit, helped by its chemical and refining businesses.
Google moves closer to resolving EU investigation
BRUSSELS (Reuters) - Google has offered to take specific steps to ally competition regulators' concerns about its business practices, in a major move towards ending a two-year investigation and avoiding billions of dollars in fines.
Mattel disappoints in holiday quarter; shares fall
(Reuters) - Mattel Inc missed Wall Street's profit and sales estimates for the fourth quarter on weak demand for its mainstay Barbie dolls and movie-themed toys in a holiday season plagued by concerns about the U.S. economy.
Legg Mason reports quarterly loss on asset writedowns
(Reuters) - Legg Mason Inc reported a quarterly loss on Friday on charges for impaired assets and continued outflows from its equity and bond funds, and the asset manager said it should name a permanent CEO soon.
Chrysler posts highest January sales since 2008
DETROIT (Reuters) - Chrysler Group LLC said January car sales of 117,731 were the best since 2008 and projected industry sales during the month grew at an annual rate of 15.5 million.
Barclays CEO Jenkins says won't take a 2012 bonus
LONDON (Reuters) - New Barclays Chief Executive Antony Jenkins has opted not to take a bonus for 2012, saying he should "bear an appropriate degree of accountability" for the difficult year his bank endured.
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