Wall St. flat as rate hike eyed; banks counter utilities drop
(Reuters) – U.S. stocks ended little changed on Friday, with a rise in financials countered by a slide in utilities and other sectors, as Wall Street took the strong U.S. jobs report as evidence the Federal Reserve will soon raise interest rates.
Robust U.S. jobs report bolsters case for December rate hike
WASHINGTON (Reuters) – U.S. job growth surged in October and the unemployment rate hit a 7-1/2-year low of 5.0 percent in a show of economic strength that makes it much more likely the Federal Reserve will raise interest rates in December.
Russia declines to act on recommendation over Boeing 737 certificates
MOSCOW (Reuters) – Russia’s aviation regulator on Friday declined to act on a recommendation to ground about 200 Boeing 737 jetliners operating in the country, staving off a potential disruption to passenger travel.
Exclusive: Verizon weighing $10 billion sale of enterprise assets – sources
NEW YORK (Reuters) – Verizon Communications Inc is exploring a sale of its enterprise assets which could be worth as much as $10 billion, according to people familiar with the matter, as the largest U.S. wireless carrier seeks to focus on its core busi…
Wall St. banks zone in on December for Fed liftoff: Reuters poll
(Reuters) – Wall Street’s top banks expect the Federal Reserve to raise interest rates in December, and most brokerages said their conviction around such a move had increased in the last month, according to a Reuters poll conducted on Friday.
U.S. regulators reject push for ‘Do Not Track’ Internet rules
WASHINGTON (Reuters) – U.S. regulators rejected an effort on Friday to force Google, Facebook and other popular web sites to honor “Do Not Track” requests from users, in a setback for digital privacy advocates.
UAW, Ford reach tentative contract deal, ratification vote next
DETROIT (Reuters) – Negotiators for Ford Motor Co and the United Auto workers on Friday reached a tentative agreement for a new four-year labor contract, the union and company said.
Two killed after dams burst at Brazil iron mine, many missing
MARIANA, Brazil (Reuters) – At least two people were killed and 30 others injured after two dams collapsed at a Brazilian iron ore mine, officials said on Friday, as rescuers searched for the missing under mud and debris from colossal floods that devas…
VW says will foot tax bill for carbon emissions blunder
HAMBURG/BRUSSELS (Reuters) – The multi-billion-euro costs facing Volkswagen rose on Friday when the German carmaker said it would foot the bill for extra taxes incurred by drivers because it understated the carbon dioxide emissions of about 800,000 car…
Oil slides as dollar jumps; down 4 percent on the week
NEW YORK (Reuters) – Oil prices were down for a third straight day on Friday, on track to their third weekly decline in four, as the dollar rallied on expectations of a rate hike before the year-end after strong U.S. jobs growth for October.
