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Friday, December 6, 2013

Business Today: Stock futures volatile, extend gains after payrolls report

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12/6/2013
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
Stock futures volatile, extend gains after payrolls report
NEW YORK (Reuters) - U.S. stock index futures extended gains in volatile trading Friday after data showed employers hired more workers than expected in November and the jobless rate fell to a five-year low, which could fan speculation the Federal Reserve could soon start reducing its bond purchases program.
Unemployment rate hits five-year low, eyes on the Fed
WASHINGTON (Reuters) - U.S. employers hired more workers than expected in November and the jobless rate fell to a five-year low of 7.0 percent, which could fan speculation the Federal Reserve could start reducing its bond purchases this month.
Insight: Tech start-ups show little imagination on board gender diversity
SAN FRANCISCO (Reuters) - At Pinterest, the online bulletin board service that is valued near $3.8 billion, some 70 percent of the users are female. But the company's board of directors is 100 percent male.
Consumer spending rises, but inflation muted
WASHINGTON (Reuters) - U.S. consumer spending rose in October, but still benign inflation pressures offered a cautionary note for the Federal Reserve as it weighs the future of its bond-buying program.
Chevron's $6.4 billion China gas project pushed back again: sources
BEIJING (Reuters) - A $6.4 billion gas project being built by Chevron in China is facing further delays due to disagreements with partner PetroChina over how to develop the technically tricky fields, three industry sources said.
Total buys stake in Papua New Guinea bloc
PERTH/PARIS (Reuters) - France's Total has agreed to buy a stake in InterOil's Papua New Guinea gas fields, which could include the construction of a liquefied natural gas (LNG) export plant in a deal worth up to $3.6 billion.
Analysis: Deep discounts sound warning for U.S. retail profits
NEW YORK (Reuters) - Consumers have feasted on discounts this holiday season, but it means thinner profit margins for retailers from Wal-Mart Stores Inc to Neiman Marcus, and car makers, a red flag for investors who have ridden a sector rally all year.
GM may consider South Korean exports to Australia after Chevy shake-up: source
SEOUL/SYDNEY (Reuters) - General Motors Co may consider shipping more South Korean-made cars to Australia, a source said on Friday, as part of a global restructuring that will see its Chevrolet brand in Europe dropped and production in Australia potentially scrapped.
Special Report: How Fed policy enriches private equity, if not workers
MACON, Georgia (Reuters) - Sanders Walker had been working for 13 years at a BWAY Corp factory in Macon, Georgia, when the word came down one September 2011 morning: The company, a maker of plastic and metal containers, was closing the plant. Walker, a quality manager, and about 70 other employees were out of work.
Historic trade reform ready for WTO approval
GENEVA/NUSA DUA, Indonesia (Reuters) - The first global trade reform since the creation of the World Trade Organization is ready for agreement by ministers from the body's 159 member countries later on Friday, sources involved in the talks said.
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