U.S. payrolls rise solidly, but weak wages dim limelight
WASHINGTON (Reuters) – U.S. job growth increased briskly in December, but wages posted their biggest decline in at least eight years in a sign the tightening labor market has yet to give much of a boost to workers.
Wall St. retreats after two-day advance; jobs data mixed
NEW YORK (Reuters) – U.S. stocks fell on Friday following a two-day rally as December’s jobs report gave a mixed view of the economy, with financial shares leading the way lower.
Exclusive: New U.S. well permits rise slightly in December after crude oil plunge
HOUSTON (Reuters) – New oil and gas well permits issued across the United States rose slightly in December and surged 72 percent in Colorado and Wyoming after falling sharply in November on tumbling crude prices.
Citigroup makes last-minute cut in year-end bonuses for traders
(Reuters) – Citigroup Inc this week cut its bonus pool for fixed-income and equity market traders after market revenues plunged during the last two weeks of the year, according to a person familiar with the matter.
Low wages, inflation should keep Fed on hold: policymakers
(Reuters) – Slow wage growth and low inflation are prompting two top U.S. Federal Reserve officials to call for deferring interest-rate increases until next year, and a third to suggest waiting until mid-2015 or later – all despite strong U.S. jobs gai…
Cheap gas, holiday sales could fuel retailer shares
NEW YORK (Reuters) – Investors hope the lower gasoline cost is putting more money in consumers’ wallets for spending on apparel and other retail goods. The next two weeks will indicate whether that’s happening.
Oil hits April 2009 low, then pares loss on U.S. oil rig data
NEW YORK (Reuters) – Global oil markets resumed their slide on Friday, with Brent and U.S. crude hitting April 2009 lows and ending down for a seventh straight week, although prices recovered from their lows after a sharp drop in the U.S. oil rig count…
Santander eyes UK, U.S. growth after 7.5 billion euro cash call
MADRID/LONDON (Reuters) – Santander chief Ana Botin is expected to target Britain, the United States and the bank’s Spanish home market under her plan to accelerate growth after raising 7.5 billion euros ($8.8 billion) via Europe’s biggest-ever quick-f…
Shell to cut 5 to 10 percent of jobs at Canada oil sands project
CALGARY, Alberta (Reuters) – Royal Dutch Shell will cut from 5 to 10 percent of the about 3,000 jobs at its Albian Sands mining project in northern Alberta, a company spokesman said on Friday, but refrained from connecting the move to plunging oil pric…
U.S. SEC economists to write paper on risky ETFs and market volatility
WASHINGTON (Reuters) – U.S. Securities and Exchange Commission economists have begun scrutinizing riskier types of exchange-traded funds as part of an effort to determine whether they may inflame already rocky market conditions.
