Archive for the ‘Business Section’ Category
Stocks rally as jobs data spurs optimism (Reuters)
Reuters – Wall Street closed a stellar week on Friday after recent economic data, including a stronger-than-expected labor market report, bolstered optimism that the economy would not fall back into recession.
Payrolls data offer ray of hope for recovery (Reuters)
Reuters – U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring was a positive surprise, relieving concerns about a stalling economic recovery.
China tells state companies to explore Potash bid (Reuters)
Reuters – Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton’s $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
Exclusive: American Apparel in talks with restructuring firm (Reuters)
Reuters – Hipster brand American Apparel Inc is in talks to bring in an outside restructuring firm as the manufacturer and retailer struggles to fix its flagging operations, sources told Reuters on Friday.
European stocks drop before ECB rate call (AFP)
AFP – European stock markets slid on Thursday as investors took profits from recent gains amid caution before the latest interest rate decision from the European Central Bank.
Service sector grows at slower pace in August (AP)
AP – The U.S. service sector, the nation’s predominant job generator, expanded for the eighth straight month in August although the pace of growth slowed, according to a trade group survey.
