Employment in the U.S. increased by more than anticipated in the month of February, according to a report released by the Labor Department on Friday, although the unemployment rate still unexpectedly ticked higher. The Labor Department said non-farm payroll employment rose by 175,000 jobs in February compared to economist estimates for an increase of about 150,000 jobs.
Stocks are likely to move to the upside in early trading on Friday on the heels of the release of an upbeat monthly jobs report. The major index futures are currently pointing to a notably higher open for the markets, with the Dow futures up by 82 points.
German industrial production increased for a third straight month in January, as a mild winter boosted construction output, and signaled accelerating momentum in euro area's biggest economy. Industrial production rose a seasonally-and-calendar-adjusted 0.8 percent month-on-month, following a 0.1 percent rise in December, which was revised from a 0.6 percent fall.
Athletic apparel and footwear retailer Foot Locker, Inc. reported Friday a profit for the fourth quarter that increased from last year, reflecting revenues growth. Sales at established stores also grew 5.3 percent. Both adjusted earnings per share and quarterly sales topped analysts' expectations.
Broadline closeout retailer Big Lots Inc. (BIG) Friday reported lower profit for the fourth quarter as sales declined, yet topped estimates. The company approved a share repurchase program earlier this week to buy back up to $125 million of common shares.
Nervousness on Wall Street is palpable, as traders await the all important jobs report. The major U.S. index futures point to a nearly flat opening on Friday. Earlier in the global trading day, Asian stocks had a mixed outing, while the European markets are showing weakness. The domestic market may be all ears to the non-farm payrolls report.
The L'OREAL-UNESCO Awards for Women in Science - 2014 has been announced. This year's laureates are honored for major scientific advancements that are helping solve some of society's greatest challenges, including cancer, depression and addiction. The awards were announced in the run-up to International Women's Day, observed on March 8. Every year, one outstanding woman scientist each from
Telecom Italia Group Friday reported a narrower loss for full year 2013, reflecting a fall in impairment loss on goodwill. The Italian telecom company also scrapped its dividend for common share for 2014, as it aims using the available resources for innovative investments plan.
Franco-Dutch airline Air France - KLM (AFLYY.PK, AFRAF.PK) Friday reported growth in traffic, capacity and load factor for the month of February. The company's cargo business improved load factor in the month.
Fraport AG, the owner and operator of Germany's Frankfurt Airport, reported higher operating profit for fiscal 2013 benefited by increased revenues with higher-than-expected growth in passenger traffic at Frankfurt Airport. However, net profit for the period declined, that reflected absence of a one-off gain it recorded last year.
European stock futures indicate a flat to lower opening on Friday as investors await the all-important U.S. jobs report due out later in the day for clues on the strength of the U.S. recovery. Economists expect that employers added about 150,000 jobs in February following the addition of 113,000 jobs...
Grocery store chain Safeway Inc (SWY), Thursday agreed to be acquired by an investor group led by private equity firm Cerberus Capital Management for more than $9 billion, as Cerberus further expands its grocery store portfolio.
Safeway shareholders will receive total payments of about $40 a share,...
H&R Block reported a wider loss for the third quarter, as the delayed opening of the Internal Revenue Service's e-file system impacted revenue, with results falling well short of Wall Street estimates.
Cooper Companies Inc. said Thursday after the markets closed that its first quarter profit fell 4% from last year, when results were boosted by a gain on insurance proceeds. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. At the same time, the company raised the low end of its fiscal 2014 earnings guidance range.
After moving moderately higher in morning trading on Thursday, stocks turned mixed over the course of the afternoon. Trepidation ahead of tomorrow's monthly jobs report likely contributed to the lackluster close by the markets. While the Dow and the S&P 500 managed to hold on to modest gains, the tech-heavy Nasdaq slid into negative territory.