U.S. hiring struggles to rebound from winter chill
WASHINGTON (Reuters) – U.S. job creation slowed sharply over the past two months, turning in the weakest performance in three years and raising the prospect that the economy may be losing momentum.
U.S. factories punch above weight with solid job gains
WASHINGTON (Reuters) – U.S. manufacturing stayed on solid ground in January, with employers stepping up hiring by adding 21,000 jobs to their payrolls and boosting their labor market share.
Exclusive: UBS seeks first-mover immunity in U.S. currency probe – sources
LONDON (Reuters) – Swiss bank UBS AG approached U.S. authorities in September with information relating to an industry-wide probe into alleged rigging of currency markets, in the hope of gaining antitrust immunity if charged with wrongdoing, sources fa…
Moody’s cuts Puerto Rico to junk
NEW YORK (Reuters) – Moody’s on Friday cut Puerto Rico’s credit rating to junk status, citing concerns about the fiscally challenged U.S. territory’s weak growth and ability to access capital markets.
U.S. consumer credit posts biggest jump in 10 months
WASHINGTON (Reuters) – U.S. consumer credit in December grew by the most in nearly a year due to a sharp increase in credit card usage, a potentially positive sign for the economy.
Trade group seeks more U.S. pressure on India over patent protection
(Reuters) – The U.S. Chamber of Commerce on Friday called on the government to ratchet up pressure on India over intellectual property rights, in a move that could help prevent Indian companies from producing cheap generic versions of medicines still u…
JPMorgan’s Masters abruptly quits group advising regulator
WASHINGTON (Reuters) – Blythe Masters, who heads JPMorgan’s commodities business, has left a group advising the U.S. derivatives regulator only a day after she joined it, the agency said on Friday.
Analysis: German court’s ECB move leaves sovereignty unresolved
PARIS (Reuters) – By referring a complaint against the European Central Bank’s bond-buying policy to the European Court of Justice, Germany’s constitutional court has sidestepped a crucial dispute over who has ultimate authority in the European Union.
Analysis: Scottish banks plan quietly as independence debate gets louder
EDINBURGH, Scotland (Reuters) – In a burst of national pride at its annual shareholder meeting in 2007 Royal Bank of Scotland (RBS) was blasting out the theme tune to Braveheart, a Mel Gibson film about the first Scottish fight for independence from En…
Apple shareholders should reject Icahn’s buyback proposal: proxy advisor
SAN FRANCISCO (Reuters) – Proxy advisory firm Egan-Jones advised Apple Inc shareholders on Friday to reject activist investor Carl Icahn’s demand that the iPhone maker expand its stock buyback program, a proposal that will be put to a vote this month.
