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Friday, May 3, 2013

Business Today: Stock futures jump after jobs report

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05/3/2013
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 jump after jobs report
NEW YORK (Reuters) - Stock futures shot up on Friday after data showed employment rose more than expected in April, pushing the unemployment rate down to 7.5 percent, which could help ease concerns of a sharp slowdown in the economy.
Job growth beats expectations in April
WASHINGTON (Reuters) - Employment rose more than expected in April, pushing the unemployment rate to a four-year low of 7.5 percent, which could help ease concerns of a sharp slowdown in the economy.
Analysis: New York preserves weapon against Wall Street in case of ex-AIG chief
NEW YORK (Reuters) - When New York Attorney General Eric Schneiderman gave up a claim for damages against former AIG chief Hank Greenberg, he also likely neutralized a long-awaited challenge to his office's power.
Duke Energy profit below expectations; power demand weak
(Reuters) - Duke Energy Corp , the largest power provider in the United States, reported a lower-than-expected quarterly profit on Friday, citing weak electricity demand and higher costs at two key units.
US Airways says April unit revenue down 4 percent
(Reuters) - US Airways Group on Friday said an important revenue measure fell in April, as it grappled with disruptions caused by furloughs of U.S. air traffic control staffers.
Buffett says he won't sell shares of IBM: CNBC
NEW YORK (Reuters) - Berkshire Hathaway chairman and chief executive Warren Buffett said that he would not sell shares of IBM Corp., even as the company missed earnings expectations last month.
Inflation angst evaporates in race for returns
LONDON (Reuters) - For all the trillions of dollars-worth in new money that central banks are printing, financial markets seem to be signaling that fears of rampant global inflation are unfounded.
Exclusive: EU to propose duties on Chinese solar panels
BRUSSELS (Reuters) - The EU's trade chief will recommend placing punitive import duties on billions of euros of solar panels from China, people close to the matter say, putting up a barrier to protect European producers but risking upsetting Beijing.
EU sees deeper euro zone recession in 2013, slower deficit cuts
BRUSSELS (Reuters) - The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said on Friday as it set out forecasts for the next two years.
Verizon says will not pay a premium for Vodafone stake: analyst
LONDON (Reuters) - Verizon Communications would like to buy out Vodafone from their Wireless joint venture but will not do so at any cost, its chief executive has told JP Morgan analysts,
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