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Oil jumps after choppy start eyeing jobs, dollar

Oil prices rose on Friday in volatile trading, as stronger-than-expected U.S. jobs data reinforced economic growth expectations but also the possibility it might trigger a pull back from loose monetary policy and strengthen the dollar.

GM March U.S. sales come in below expectations

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General Motors Co U.S. sales in March came in below expectations on Friday as the automaker eased off the generous incentives it offered car buyers over the first two months of the year.
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Nasdaq, ICE make rival bid for NYSE Euronext

Nasdaq OMX and IntercontinentalExchange unveiled a rival bid to buy NYSE Euronext for about $11.3 billion in cash and stock, a 19 percent premium to an offer made by German competitor Deutsche Boerse.
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Oil slashes gains after U.S. payrolls data

Oil prices cut back gains of over a dollar on Friday after stronger-than-expected U.S. jobs data indicated the improving economic recovery of the world's largest oil importer was firmly on track, boosting the dollar.
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Oil rises ahead U.S. payrolls; supply disrupted

Oil prices rose on Friday, with Brent crude nearing $118, as investors anticipated U.S. payrolls data later in the session will confirm the improving economic outlook of the world's largest oil importer.
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Stock index futures gain ahead of jobs data

Stock index futures pointed to gains on Friday, rebounding from the previous session's falls, as optimism gathered pace that a key labor market report will confirm the view that the economy was on a solid path to recovery.
Traders work on the floor of the New York Stock Exchange

World Market Update 01/04/2011

U.S. stocks ended mixed on Thursday as investors awaited Friday’s Bureau of Labor Statistics jobs report, while slightly weaker-than-expected economic reports on jobless claims and Chicago Purchasing Managers index weighed on the sentiment.
Gates and Mullen testify on Libya in Washington

US keen on non-military solution to Libya: Gates

U.S. forces will significantly dilute their role in Libya though they played crucial role in the first phase of Operation Odyssey Dawn, Defense Secretary Robert M. Gates told the House Armed Services Committee.
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Report critical of pay practices at Fannie Mae, Freddie Mac

The heads of bailed-out mortgage finance giants Fannie Mae and Freddie Mac were paid fat salaries without proper written procedures or analysis, according to a report published by the Inspector General of the Federal Housing Finance Agency (FHFA-OIG).
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Morgan Stanley, Goldman to recommend say on pay: report

Morgan Stanley , Goldman Sachs and JPMorgan Chase & Co will soon join Citigroup and Bank of America Corp in allowing shareholders to vote on executive compensation, the Wall Street Journal said, citing people familiar with the matter.

Nadal and Federer set for semis clash in Miami

World number Rafael Nadal and third seed Roger Federer are set to clash in the semis of the Sony Ericsson Open, which is incidentally their first clash on American soil in six years.

China releases rare earth quota for 2011

China has set its total output of rare earth at 93,800 tonnes this year, 4,600 tonnes more or 5.16 percent higher compared to last year's, the Ministry of Land and Resources said on Thursday.
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Toyota: earnings hit but priority is Japan recovery

Toyota Motor Corp <7203.T> President Akio Toyoda said on Friday that the devastating earthquake and tsunami in northeast Japan would hurt the company's earnings, but said that was not on his list of priorities.

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