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Payrolls Jump Casts Doubt on Fed's Rate Pledge: Economy

BusinessWeek -
Feb. 3 (Bloomberg) -- The US jobless rate unexpectedly fell in January to the lowest in three years as payrolls climbed more than forecast, casting doubt on the Federal Reserve's plan to keep interest rates low until late 2014.

Unemployment fell again in January, still over 8 percent

The Colorado Independent -
By Marcos Restrepo The US unemployment rate fell 0.2 percent to 8.3 percent and employment rose by 243000 jobs during the month of January, the US Bureau of Labor Statistics reported Friday.

Dow at Highest Since May 2008

Wall Street Journal -
By ES BROWNING The Dow Jones Industrial Average broke through to its highest close since May 2008, back before the Lehman Brothers Holdings Inc. collapse, as investors increasingly put aside fears of economic calamity and focused again on fundamentals.

AMR's Horton Expects American to Leave Bankruptcy Without Merger

BusinessWeek -
By Mary Schlangenstein Feb. 4 (Bloomberg) -- AMR Corp.'s American Airlines plans to exit bankruptcy as a stand-alone carrier and would consider making acquisitions afterward, Chief Executive Officer Tom Horton said.

Will the great interest rate gamble pay off?

Telegraph.co.uk -
By flooding the system with 'free' money, the central banks could be storing up trouble. By Jeremy Warner Bravo, Mario Draghi, the European Central Bank's new president.

Stealth Jobs Boom: 6 Months, 2 Million Jobs

NBC Montana -
By Chris Isidore NEW YORK (CNNMoney) -- Companies are saying the job market is getting better. Workers are saying it's already kicked into high gear.

America's Clinton throws weight behind euro as Greek debt deal edges closer

Telegraph.co.uk -
Hilary Clinton and Angela Merkel have voiced confidence that Europe can solve its financial crisis, as Greece's international creditors entered crunch talks in Athens.

Oil risks fuelling flames of Sudan conflict

Reuters -
By Hereward Holland and Ulf Laessing PALOUGE OIL FIELD, South Sudan/KHARTOUM, Feb 2 - South Sudan's oil minister was riled when he discovered production from one of his remote oil fields was out by 40000 barrels per day, and immediately knew who to ...

Foreclosure Settlement Will Settle Nothing

TheStreet.com -
By Shanthi Bharatwaj 02/04/12 - 06:54 AM EST NEW YORK (TheStreet) -- A foreclosure settlement between the banks and the 50 states Monday, if it does finally happen, will likely not have the positive outcomes that investors have been hoping for.

Gazprom 'Doing Its Best' to Meet EU Demand as Cold Snap Bites

BusinessWeek -
Feb. 3 (Bloomberg) -- OAO Gazprom, Russia's natural-gas export monopoly said it's “doing its best” to meet soaring demand from the European Union caused by freezing weather as some EU states report declining supplies.

Tyson Foods, BB&T, Gilead, Royal Caribbean, Peet's Coffee are among big market ...

Washington Post -
NEW YORK - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Tyson Foods Inc., up 76 cents at $19.38 The meat company's fiscal first-quarter profit fell from last year, ...

Report: Monti says Italy a "safe place"

The Associated Press -
MUNICH (AP) - Italy is now a "safe place" amid market turbulence, Premier Mario Monti said in an interview published Saturday, pressing for Europe to turn its political energy to generating growth rather than further plans to strengthen budget ...

Factory Orders Jump 1.1% as Businesses Invest in Heavy Machinery

New York Times -
WASHINGTON (AP) - Orders to factories rose in December, supported by a rebound in business investment in capital goods. In addition, service companies grew at the fastest pace in 11 months in January as companies started hiring to keep up with rising ...

Close look at leak days away at Cal nuke plant

San Jose Mercury News -
By MICHAEL R. BLOOD AP LOS ANGELES—Inspectors are waiting for the 105 degree temperature inside a nuclear reactor to drop enough to make it safe for workers and equipment to get inside and inspect a tube leak that prompted operators to shut down a ...

Bernanke Says Economy Vulnerable to Shocks Even Amid Signs of Improvement

Bloomberg -
Enlarge image Ben Bernanke Ben Bernanke Andrew Harrer/Bloomberg Ben S. Bernanke, chairman of the US Federal Reserve, at the House Budget Committee hearing in Washington on Feb. 2, 2012.

Pizza Expert Gives Advice on Rounding Out Your Super Bowl Party

Patch.com -
By Sarah Millard Super Bowl Sunday may not actually be the biggest day of the year for pizza sales, but it's always in the top five, says Jeremy White, the editor-in-chief of Pizza Today magazine.

Oil up sharply on US jobs surge, Iran

Reuters -
By Robert Gibbons | NEW YORK (Reuters) - Brent crude prices rose to a near three-month peak on Friday in heavy volume trading after a report showed the US economy in January created jobs at the fastest pace in nine months, fueling hopes of stronger ...

HP brings in new CEO with $16.5 million pay package tied mostly to company's ...

Washington Post -
SAN FRANCISCO - Hewlett-Packard Co. ushered in Meg Whitman as its CEO with a $16.5 million compensation package that hinges on the one-time politician's ability to lift the stumbling technology company's stock price during the next two years.

Harbinger's Main Fund Declined 47% Last Year

Wall Street Journal -
By DAVID BENOIT and AMY OR Prominent hedge-fund manager Philip Falcone's Harbinger Capital Partners LLC lost 47% last year in its biggest fund on a hefty markdown on the value of its largest investment in wireless network LightSquared Inc., ...

Euro Drops as Greek Debt Stalemate Increases Crisis Concern

BusinessWeek -
By Catarina Saraiva Feb. 4 (Bloomberg) -- The euro fell against the yen, dropping from a one-month high, as an unresolved Greek debt-swap agreement with private bondholders added to concern the region's fiscal crisis is far from over.
Last Updated: 2/04/12, 5:02:00 am
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