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Stocks set to open flat as unemployment falls

Wall Street was set to open little changed on Friday, as stock index futures pared earlier losses, after data showed the unemployment rate declined in January, even as payrolls fell.

Unemployment rate falls to 9.7 percent, 20,000 jobs cut

Employers unexpectedly cut 20,000 jobs in January, but the unemployment rate surprisingly fell to a five-month low of 9.7 percent, according to a government report on Friday that hinted at some labor market improvement starting to take root.

Stock futures turn positive in wake of jobs data

Stock index futures turned positive on Friday after jobs data showed the unemployment rate fell to a five-month low last month, even as employers unexpectedly cut jobs.

Payrolls fall in January, jobless rate at 5-month low

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Stock futures off as Europe worries linger ahead of data

U.S. stock index futures fell on Friday, following Wall Street's worst day in more than nine months, as lingering worries over the fiscal health of some European countries curbed risk appetite ahead of a key U.S. jobs report.

Euro-zone debt worries spread across the globe

The euro and the stocks and bonds of debt-laden members of the currency bloc fell for a second straight day on Friday as fears over Portugal and other European sovereigns spread, pushing investors into safe havens.

Futures point to lower open on Wall Street

Stock index futures pointed to a lower open on Wall Street on Friday, after heavy falls in the previous session and following declines in Europe and Asia, with some caution expected ahead of a key labor market report.

Shares, euro fall on debt fears; jobs data eyed

Global shares hit three-month lows and the euro fell to an eight-month low against the dollar on Friday as euro zone sovereign debt problems and nerves ahead of U.S. jobs data led investors to dump riskier assets.

Oil slips below $73 on toxic mix of risk aversion

Oil fell below $73 a barrel on Friday, extending losses after its biggest one-day fall since July, and as the U.S. dollar hit a seven-month high against a basket of currencies.

Toyota eyes Prius recall; braking woes hit Ford hybrids

Toyota Motor Corp is preparing to recall up to 300,000 of its latest model Prius hybrid cars due to braking problems, in a further blow to the reputation of the world's largest car maker.

Employers likely added 5,000 jobs last month

U.S. employers probably stopped cutting jobs and added 5,000 payrolls in January, the second monthly gain since the recession started in December 2007, the government is expected to report on Friday.

Oil steady near 2010 lows around $73 as dollar soars

Oil was steady near $73 on Friday, near lows for the year after its biggest one-day drop since July in the previous session, as the dollar jumped to its highest against the euro in eight months.

U.S. begins probe of Prius as Toyota woes mount

Toyota Motor Corp, already reeling from two massive recalls, faced the possibility of a third when U.S. safety regulators opened a probe on Thursday into a braking problem on the Prius, the world's top-selling hybrid.

Deutsche Telekom prepares IPO for T-Mobile USA: report

Deutsche Telekom AG is considering an initial public offering or spinoff of its U.S. wireless service T-Mobile USA, the Wall Street Journal reported.

Cuomo charges BofA, ex-CEO with fraud; SEC settles

New York's attorney general charged Bank of America Corp , former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the acquisition of Merrill Lynch & Co.

Hedge funds, bankruptcy judges spar over disclosure

Hedge funds will defend their coveted secrecy against bankruptcy judges who want more information about their economic interests before granting them an active role in Chapter 11 reorganizations.

Daily Forecast - 5/2/2010

The Australian Dollar opens sharply lower today against the greenback at 0.8650 dragged down by a lower Euro and weaker global stocks and commodity prices overnight.

Hoenig says Fed must eventually raise rates

Interest rates cannot remain at their current rock-bottom lows indefinitely, particularly as the economy recovers, Kansas City Federal Reserve Bank President Thomas Hoenig said on Thursday.

Video gamers get their skates on for Winter Olympics

As top athletes from around the world gear up for the Winter Olympics in Vancouver, video gamers can also lace up the skates or strap on the snowboard in a trio of titles bringing winter sports to life.

Kraft Foods re-launches $9.5 billion debt in 4 parts

Kraft Foods Inc on Thursday re-launched its $9.5 billion four-part debt sale at wider spreads than first launched earlier on Thursday morning, said IFR, a Thomson Reuters service.

W.House sees chance of jobs number revision

A White House spokesman said on Thursday it was possible that a jobs report due on Friday could include a revision in monthly data showing more jobs were lost in the recession than previously been thought.

Stock market plunges as spooked investors dump shares

Major U.S. stock indices plunged today, taking the stock market into negative territory for February.

January payrolls seen rising after drop last month

The median forecast for nonfarm payrolls is for an increase of 5,000 after an unexpected 85,000 drop in December. Forecasts range from a decrease of 97,000 to an increase of 100,000.

Jobless claims rise, productivity stays high

The number of U.S. workers filing for jobless benefits unexpectedly rose last week, but another big gain in productivity in the fourth quarter offered hope that companies were closer to adding to payrolls.

Figure out, and market, how you are different

Candidate's Background:Robert came to me with a very simple existing résumé that neither showcased his broad skill set nor his career achievements.

Dow dips below 10,000 mark on eurozone debt, jobs data

The Dow briefly fell below the crucial 10,000 mark on Thursday as stocks suffered their worst losses in more than nine months.

Wall Street falls on Europe's debt woes, U.S. data

Stocks ended sharply lower on Thursday as mounting sovereign debt problems in Europe and an unexpected rise in jobless claims put investors on the defensive just ahead of the crucial payrolls report.

January retail sales beat but momentum could fade

Top U.S. retail chains ended their fiscal year with better-than-expected January sales, but the current first quarter could be tougher if consumers overspent during the holiday season.

Barclays comes to AIG's aid in derivatives deals

Not all the derivative contracts American International Group Inc wrote on complex securities backed by now-toxic mortgages have ended up being a disaster.

Market falls on debt worries, jobless claims

Wall Street fell 2 percent on Thursday as escalating sovereign debt problems in Europe and a surprise rise in U.S. jobless claims sparked concerns about the health of the global economy.

S&P strips Berkshire Hathaway of AAA rating

Standard & Poor's on Thursday stripped Warren Buffett's Berkshire Hathaway Inc of its top AAA rating, saying its acquisition of Burlington Northern Santa Fe will hurt liquidity and capital adequacy.

Goldman exec sees 10-percent Volcker rule impact

The Obama administration's proposed Volcker rule could impact about 10 percent of Goldman Sachs net revenues, a senior executive of the Wall Street giant told a U.S. Senate committee on Thursday.

S&P 500 decline eases; still on pace for worst drop in 2010

The S&P 500 is dropping at a slower rate in afternoon trading after getting hammered in the morning session, although it is still on pace to post its worst trading session in 2010.

Senator Dodd blasts banks at hearing on reforms

The chairman of the U.S. Senate Banking Committee, Christopher Dodd, blasted banks and Wall Street on Thursday for a refusal to work with Congress on financial reforms that borders on insulting to the American people.

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