Business Today: U.S. job growth cools, unemployment rate rises to 6.2 percent

		Click to View in Browser 08/1/2014 U.S. job growth cools, unemployment rate rises to 6.2 percent WASHINGTON (Reuters) - U.S. job growth slowed more than expected in July and an unexpected rise in the unemployment rate pointed to some slack in the labor market that could give the Federal Reserve room to keep interest rates low for a while. Futures pare losses after payrolls report NEW YORK (Reuters) - U.S. stock index futures pared losses on Friday, after payrolls data in July fell short of expectations, giving the Federal Reserve room to keep interest rates low for a while. Shares sink, dollar up before U.S. jobs data PARIS (Reuters) - Shares tumbled worldwide and the dollar rose on Friday amid expectations a U.S. jobs report would strengthen the case for an early interest rate rise by the U.S. Federal Reserve. Chevron quarterly profit rises 6 percent (Reuters) - Chevron Corp , the second-largest U.S. oil company, said on Friday its quarterly profit rose 6 percent as high energy prices offset a production dip. Chrysler says its U.S. auto sales rose 20 percent DETROIT (Reuters) - Chrysler Group LLC on Friday said its U.S. July auto sales rose 20 percent and that it expected the industry to show an 8 percent increase for the month. Both figures were below analysts' estimates. U.S. consumer spending rises, inflation pressures muted WASHINGTON (Reuters) - U.S. consumer spending rose for a fifth straight month in June, but a moderation in price increases suggested the Federal Reserve will not raise interest rates anytime soon. P&G profit up 37 percent on cost cuts, higher home care sales (Reuters) - Procter & Gamble Co , the world's largest household products maker, reported a 37 percent rise in quarterly profit as its cost cutting efforts paid off and organic sales rose in its home care business. U.S. says India refusal on WTO deal a wrong signal NEW DELHI/SYDNEY (Reuters) - U.S. Secretary of State John Kerry told Prime Minister Narendra Modi on Friday that India's refusal to sign a global trade deal sent the wrong signal, and he urged New Delhi to work to resolve the row as soon as possible. Britain's RBS places restrictions on lending in Russia LONDON (Reuters) - Part-nationalised British lender Royal Bank of Scotland said on Friday it had placed restrictions on its lending in Russia following developments in Ukraine. China's factories spring to life as global trade reawakens SYDNEY (Reuters) - Activity in China's vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade. Related Video Breakingviews: Iliad's moon shot We're in Russia for the long haul – Ford Europe CEO Economic News U.S. job growth cools, unemployment rate rises to 6.2 percent Fed's Fisher sees 'significantly' earlier rate hike 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