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Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards.
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*SEC warned Netflix it may face action over Facebook post. *Case may have less to do with number of Facebook followers. WASHINGTON, Dec 7- A U.S. regulatory probe of Netflix Inc over disclosures made on its chief executive's Facebook page could prove an important test of whether a rule designed to prevent leaks to analysts can translate to the social media age.
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*US says Iran could test ICBM by 2015 with outside help. *Report for Congress says Iran may be falling behind goal. WASHINGTON, Dec 7- An internal report for the U.S. Congress has concluded that Iran probably is no longer on track, if it ever was, to having an ocean-crossing missile as soon as 2015..
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*Rival Airbus could catch up to Boeing on jet designs. NEW YORK, Dec 7- Saying a strike now appears likely, the union representing Boeing Co's 23,000 engineers held picket-line training this week to prepare for a work stoppage that could disrupt billions of dollars worth of plane deliveries and help Airbus catch up to Boeing on jet designs.
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*SEC warned Netflix it may face action over Facebook post. *Case may have less to do with number of Facebook followers. WASHINGTON, Dec 7- A U.S. regulatory probe of Netflix Inc over disclosures made on its chief executive's Facebook page could prove an important test of whether a rule designed to prevent leaks to analysts can translate to the social media age.
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WASHINGTON, Dec 7- Devices that record crash-related data would be required in all new cars and light trucks under a U.S. Department of Transportation proposal made on Friday to broaden their growing use in the United States.
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WASHINGTON, Dec 7- Republican House Speaker John Boehner accused U.S. President Barack Obama of pushing the country toward the "fiscal cliff" on Friday and of wasting another week without making progress in talks.
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*U.S. consumer sentiment drops, hitting stocks. NEW YORK, Dec 7- The Dow and the S&P 500 advanced modestly on Friday, though another sell-off in Apple depressed technology shares and kept the Nasdaq negative, overshadowing a sharply better-than-expected jobs report.
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WASHINGTON, Dec 7- Fall rains and dredging will keep barge traffic moving on the middle Mississippi River through mid-December despite low water caused by a drought covering 60 percent of the continental United States, the government said on Friday.
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*Wall St mostly up as consumer sentiment data offsets jobs. NEW YORK, Dec 7- Global shares rose modestly on Friday after a surprisingly strong U.S. jobs report for November was tempered by a drop in American consumer sentiment amid a lack of progress in talks to avert the "fiscal cliff."
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CNBC's Eamon Javers reports the latest developments on "fiscal cliff" talks in Washington, and debating the financial benefits of raising taxes on the wealthy, with Peter Schiff, Euro Pacific Capital CEO, and Richard Brodsky, Demos senior fellow.
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WASHINGTON, Dec 7- Goldman Sachs Group Inc was fined $1.5 million to settle charges it failed to supervise its traders and allowing one futures dealer to hide billions in dollars from sight and causing a $118 million loss. Goldman Sachs took a $118 million loss in unwinding the position in e-mini S&P 500 futures contracts.
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WASHINGTON, Dec 7- U.S. government tax receipts grew at a healthy 6 percent pace in November as employment and wages improved, the Congressional Budget Office said on Friday, but the month's deficit still rose, largely because of benefit payment calendar shifts.
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WASHINGTON, Dec 7- The United States will grant 180- day waivers on Iran sanctions to China, India and seven other countries on Friday in exchange for those economies cutting purchases of oil from the Islamic Republic, a congressional aide said.
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WASHINGTON, Dec 7- U.S. consumer credit rose more than expected in October, increasing for a third month in a hopeful sign for consumer spending. The Federal Reserve said on Friday consumer credit increased $14.2 billion in October after rising by an upwardly revised $12.2 billion in September.
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WASHINGTON, Dec 7- The Commodity Futures Trading Commission said that Goldman Sachs Group Inc has been ordered to pay a $1.5 million penalty to settle charges that it failed to supervise its employees, allowing a trader to hide an $8.3 billion trading position.
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*Wall St mixed as consumer sentiment data offsets jobs report. NEW YORK, Dec 7- Global shares were little changed on Friday after a surprisingly strong U.S. jobs report for November was tempered by a drop in American consumer sentiment. We'll take it, "said Gordon Charlop, managing director at Rosenblatt Securities in New York.
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WASHINGTON, Dec 7- US ARMY CORPS SAYS BELIEVES CAN KEEP MIDDLE MISSISSIPPI RIVER OPEN TO BARGES THROUGH LATE DECEMBER DREDGING, ROCK REMOVAL, FALL RAINS SUFFICIENT WITHOUT MISSOURI RIVER DIVERSION-CORPS OF ENGINEERS The U.S. Army Corps of Engineers says there will be enough water to maintain barge traffic in the middle Mississippi River to maintain barge traffic through late December without diverting water from Missouri River reservoirs, said Assistant Army Secretary Jo-Ellen Darcy.
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WASHINGTON, Dec 7- U.S. companies kept up their steady but slow hiring pace in November, defying predictions that superstorm Sandy would deal a big blow to the labor market. Nonfarm employment expanded by 146,000 jobs last month after gaining 138,000 in October, the Labor Department said on Friday.
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WASHINGTON, Dec 7- A U.S. congressional committee that oversees drug safety issues has asked a compounding pharmacists' industry association to provide documents on the group's role in helping pharmacies in their interactions with federal and state authorities.
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NEW YORK, Dec 7- Americans' outlook on the economy and their finances took a turn for the worse in early December, likely due to anxiety about the potential for higher taxes resulting from contentious discussions in Washington over fiscal issues, a survey released on Friday showed.