U.S. economy creates 313,000 jobs in February; wage growth slows
WASHINGTON (Reuters) – The U.S. economy added the biggest number of jobs in more than 1-1/2 years in February, but a slowdown in wage growth pointed to only a gradual increase in inflation this year.
Wall Street climbs as inflation worries wane on wage data
(Reuters) – The three major U.S. indexes rose 1 percent on Friday, with the Nasdaq touching a record, after strong job additions in February but sluggish wage growth that pointed to a gradual rise in inflation and helped temper expectations of faster r…
Geely chairman says Daimler synergies ‘no precondition’: Bloomberg
FRANKFURT (Reuters) – Cooperation with Geely [GEELY.UL] will depend on the “desire” of Mercedes-Benz executives and is not a precondition of an investment in German carmaker Daimler , Geely Chairman Li Shufu told Bloomberg news.
Goldman CEO Blankfein prepares to exit as soon as year-end: WSJ
(Reuters) – Lloyd Blankfein could step down as Goldman Sachs Group Inc chief executive as soon as the end of the year, the Wall Street Journal reported on Friday, swiveling the focus to fierce competition between the two contenders to replace him.
‘Pharma Bro’ Shkreli set to be sentenced for defrauding investors
NEW YORK (Reuters) – The sentencing hearing for Martin Shkreli, the former drug company executive who made headlines by jacking up the price of a lifesaving drug before he was found guilty of defrauding investors, began on Friday with a plea for lenien…
Fed’s Evans urges waiting a ‘bit longer’ on rate hikes
(Reuters) – Chicago Federal Reserve Bank President Charles Evans on Friday said he wanted the U.S. central bank to keep interest-rate increases on hold until after March to allow inflation a chance to rise and even exceed the Fed’s 2-percent target.
Wall Street higher as wage data soothes inflation worries
(Reuters) – U.S. stocks extended gains on Friday, with the Nasdaq touching a record, after data showed strong job additions in February but muted wage growth that indicated a gradual rise in inflation and helped temper expectations of faster interest r…
Bombardier revs up aftermarket business to hit revenue growth target
Montreal (Reuters) – With its new long-range business jet just preparing to take flight, Bombardier is banking on sales of new products and maintenance packages to help it drive promised double-digit revenue growth for its aftermarket service business …
Deutsche Boerse chair Faber stands for reelection amid board revamp
FRANKFURT (Reuters) – Joachim Faber said on Friday that he would stand for reelection as head of the board of Deutsche Boerse , as the German exchange operator announced a revamp of the supervisory body.
U.S. economy gains 313,000 jobs in February; wage growth slows
WASHINGTON (Reuters) – U.S. job growth surged in February, recording its biggest increase in more than 1-1/2 years, but a slowdown in wage gains pointed to only a gradual increase in inflation this year.
