U.S. job growth brakes to eight-month low, labor force shrinks
WASHINGTON (Reuters) – U.S. employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs, providing a cautious Federal Reserve with more reasons to wait longer before raising interest rates.
Time Warner Cable employees to share $416 million under retention plan
(Reuters) – Employees of Time Warner Cable will be $416 million richer even if the cable operator’s merger with Comcast does not close, a move designed to keep staff from bolting while federal regulators contemplate the deal.
Argentina says ‘many creditors’ want to swap into local law debt
BUENOS AIRES (Reuters) – Many investors are interested in swapping global Argentine bonds for paper governed by local law, the government said on Friday, a day after the Senate approved the proposed debt exchange as a way to circumvent U.S. court rulin…
Facebook ready to spend billions to bring whole world online: Zuckerberg
MEXICO CITY (Reuters) – Facebook Inc is prepared to spend billions of dollars to reach its goal of bringing the Internet to everyone on the planet, Chief Executive Mark Zuckerberg said on Friday.
S&P 500 ends at record as jobs report eases Fed worries
NEW YORK (Reuters) – U.S. stocks ended higher on Friday, lifting the S&P 500 to a fresh closing high, after a weaker-than-expected jobs report was taken as a sign that the Federal Reserve will not begin raising interest rates anytime soon.
AIG, philanthropist trade lawsuits over ‘life settlements’ deal
NEW YORK (Reuters) – An American International Group Inc unit and a philanthropist traded lawsuits on Friday over a partnership gone sour involving billions of dollars in life insurance policies sold by elderly individuals in exchange for cash.
Alibaba expects IPO to be priced between $60 and $66 per share
(Reuters) – Chinese e-commerce company Alibaba Group Holding Ltd [IPO-BABA.N] said its expects to price its initial public offering at between $60 and $66 per American Depository share.
New fines may prompt BP to cut back in Russia, elsewhere
LONDON (Reuters) – The prospect of up to $18 billion in new fines for the 2010 Gulf of Mexico oil spill could pressure BP to sell assets from the Americas to Asia and Russia, where its interests risk being dragged into a political standoff between Mosc…
Alitalia board designates Silvano Cassano as CEO of ‘new Alitalia’
MILAN (Reuters) – Italian airline Alitalia said on Friday it had designated Silvano Cassano as CEO of the new company that will be formed when its tie-up with Abu Dhabi-based carrier Etihad is completed.
Amazon.com’s retail practices in India come under scrutiny: WSJ
SAN FRANCISCO (Reuters) – Regulators in India are investigating whether Amazon.com Inc may have circumvented restrictions placed on foreign investors by selling directly to domestic consumers, The Wall Street Journal on Friday, citing unidentified sour…
