Robust employment report underscores U.S. economic strength
U.S. employers hired the most workers in 10 months in December while boosting wages, pointing to sustained strength in the economy that could ease fears of a sharp slowdown in growth.
Instant View: U.S. December payrolls surprise big to the upside
U.S. employers hired the most workers in 10 months in December while boosting wages, which could help to allay a recent upsurge in fears about the economy’s health that has roiled financial markets.
Celgene, Bristol-Myers set $2.2 billion termination fee for their mega deal
Celgene Corp and Bristol-Myers Squibb Co will have to pay $2.2 billion if either of the drugmakers walks away from their $74 billion merger announced on Thursday, according to a regulatory filing.
Stock futures pare gains after strong jobs data
U.S. stock index futures pared gains on Friday after a better-than-expected U.S. jobs report allayed fears over economic health, but bolstered concerns that the Federal Reserve would stay on its current path of interest rate hikes.
Chinese triad offers a tonic to battered markets
World stock markets rallied on Friday after China’s central bank moved to support its slowing economy, Chinese services data pointed to positive growth, and Beijing announced a new round of trade talks with Washington.
U.S. job growth surges in December; unemployment rate rises
U.S. employers hired the most workers in 10 months in December while boosting wages, which could help to allay a recent upsurge in fears about the economy’s health that has roiled financial markets.
Qualcomm heads to trial in crucial fight with U.S. antitrust regulator
The U.S. Federal Trade Commission’s antitrust case accusing Qualcomm Inc of abusing a monopoly on mobile chip technology is expected to head to the courtroom on Friday for a trial whose outcome could have a major impact on the smartphone industry.
Marriott cuts estimate on size of massive Starwood hack
Marriott International Inc said on Friday that fewer than 383 million customer records were stolen in a massive cyber attack disclosed last month, down from its initial estimate that up to 500 million guests were affected.
Audits reveal Deutsche Bank’s links to tax trade scandal
There are “lots of indications” that some managers discussed “the reputational risks” of Deutsche Bank’s involvement in a share-trading scheme that is the subject of Germany’s biggest post-war fraud investigation, according to a conclusion in one of f…
China slashes banks’ reserve requirements again as growth slows
China’s central bank said on Friday it was cutting the amount of cash that banks have to hold as reserves for the fifth time in a year, freeing up $116 billion for new lending as it tries to reduce the risk of a sharp economic slowdown.
