The Other Side of Life 24/7: Daily Investor Briefing: Wall Street flat after jobs data;...

Friday, September 6, 2013

Daily Investor Briefing: Wall Street flat after jobs data;...

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09/6/2013

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

Wall Street flat after jobs data; Syria worries spur caution

NEW YORK (Reuters) - U.S. stocks closed little changed in choppy trade on Friday after labor market data removed some uncertainty about Federal Reserve policy, but concerns remained about possible military action by the West against Syria.

Job growth disappoints, offers cautionary note for Fed

WASHINGTON (Reuters) - U.S. employers hired fewer workers than expected in August and the jobless rate hit a 4-1/2 year low as Americans gave up the search for work, complicating the Federal Reserve's decision on whether to scale back its massive monetary stimulus this month.

Fed tapering still on track, hawk and dove agree

OMAHA, Neb./GRENVILLE, South Carolina (Reuters) - One of the Federal Reserve's most hawkish officials urged the central bank on Friday to curb bond buying to $70 billion a month when it meets later this month, while a noted policy dove agreed that the Fed could start to taper later this year.

Analysis: Waning investor demand opens door for first-time U.S. home buyers

WASHINGTON (Reuters) - Wall Street's billion-dollar bargain hunt for homes in depressed markets across the United States appears to have plateaued, potentially helping to cool the steep run-up in home prices and bring first-time buyers back into the market.

J&J kicks off $5 billion clinical diagnostics unit sale: sources

NEW YORK (Reuters) - Johnson & Johnson has launched a sale process for its Ortho Clinical Diagnostics unit, which makes blood screening equipment and laboratory blood tests and could fetch around $5 billion, three people familiar with the matter said on Friday.

Verizon sued by shareholder over $130 billion Vodafone deal

NEW YORK (Reuters) - Verizon Communications Inc has been sued by a shareholder seeking to void its $130 billion buyout of Vodafone Group Plc's stake in the companies' wireless joint venture on the grounds the price is too high.

Drummond Colombia vote may pressure union to lift strike

BOGOTA (Reuters) - A vote to end a more than six-week-long strike by union employees at U.S. coal miner Drummond's Colombian operations does not halt the work stoppage, but it may increase pressure for the main union to make that happen, sources said on Friday.

EU's Almunia to discuss Monte Paschi bailout with Italian minister: source

CERNOBBIO, Italy (Reuters) - European Competition Commissioner Joaquin Almunia will discuss a state bailout of Italian bank Monte dei Paschi di Siena, which requires EU approval, at a meeting with Italy's economy minister on Saturday, a source close to the matter said.

Slovenia to liquidate two small banks as bailout looms

LJUBLJANA (Reuters) - Slovenia - struggling to avoid an economic bailout - will liquidate two small banks, Factor Banka and Probanka, to ensure the financial stability of its banking system, the country's officials said on Friday.

Yum China sales fall more than expected in August

(Reuters) - KFC parent Yum Brands Inc on Friday said August sales at established restaurants in China fell an estimated 10 percent, as it works to recover from a food safety scare and a bird flu outbreak that crushed sales in its most important market.