Business Today: Jobs report brightens economy's prospects

		Click to View in Browser 06/6/2014 Jobs report brightens economy's prospects WASHINGTON (Reuters) - U.S. employers maintained a solid pace of hiring in May, returning employment to its pre-recession level and offering confirmation the economy has snapped back from a winter slump. Exclusive: As bank fines soar, U.S. threatened $16 billion BNP penalty WASHINGTON/NEW YORK (Reuters) - U.S. authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter. Stock futures tick up ahead of payroll report NEW YORK (Reuters) - U.S. stock index futures were slightly higher on Friday, indicating the market's recent gains could be extended, though investors held off from making large bets ahead of the highly anticipated May payroll report. Economy needs to tighten up before rates can rise: Fed's Powell LONDON (Reuters) - Federal Reserve Governor Jerome Powell said on Friday that he wanted to see signs that the U.S. economy was tightening up before before interest rates could be raised. China to boost bank lending power, though IMF says no need BEIJING (Reuters) - China aims to cut the proportion of cash that commercial banks must keep with the People's Bank of China, the banking regulator said on Friday, signalling further monetary loosening although the IMF and World Bank say the economy is doing fine. Bank of America could pay at least $12 billion to settle probes: report (Reuters) - Bank of America Corp could pay more than $12 billion to settle probes by the U.S. Justice Department and a number of states into the bank's alleged handling of shoddy mortgages, the Wall Street Journal said on Thursday, citing people familiar with the negotiations. Exclusive: Sears' Lampert met Ford's Mulally for restructuring advice NEW YORK (Reuters) - Sears Holdings Corp's controlling shareholder Eddie Lampert met with Ford Motor Co CEO Alan Mulally earlier this year to seek advice on how to turn around the ailing retailer, two sources familiar with the matter said. UPS appoints COO Abney chief executive to replace Davis (Reuters) - United Parcel Service Inc , the world's largest parcel delivery company, named David Abney chief executive to replace Scott Davis who will retire to become non-executive chairman. Strong Mercedes sales have yet to move it past Audi BERLIN/FRANKFURT (Reuters) - Mercedes-Benz keeps delivering double-digit sales growth, but its overhauled line-up of luxury cars has yet to move it past German rival Audi . GM top executives spared in internal report on safety failure WARREN Mich. (Reuters) - General Motors Co on Thursday issued a report detailing how for 11 years it turned a blind eye to an ignition-switch problem linked to at least 13 deaths but largely pinned the blame on what the report described as incompetent lower-level employees, leaving top brass untouched. Related Video Breakingviews: FIFA needs a hat-trick on governance Japan stocks no longer central bank powered Economic News Jobs report brightens economy's prospects Emerging markets output growth hits three-month high in May: HSBC survey A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend