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  • How the Dow Jones industrial average fared Friday Friday, 6 Mar 2015 | 4:52 PM ET

    Stocks fell sharply on Friday as a strong jobs report led investors to speculate that the Federal Reserve could raise interest rates as soon as June as the economy continues to strengthen. The Dow Jones industrial average fell 278.94 points, or 1.5 percent, to 17,856.78. The Standard& Poor's 500 index dropped 29.78 points, or 1.4 percent, to 2,071.26.

  • WASHINGTON, March 6- The U.S. Justice Department is preparing criminal corruption charges against New Jersey Democratic Senator Robert Menendez, CNN reported on Friday. Holder, who was traveling in South Carolina with President Barack Obama, said he could not comment. Federal authorities have probed Menendez's relationship with Florida ophthalmologist...

  • *Feb U.S. payrolls growth tops expectations. NEW YORK, March 6- U.S. stocks closed lower on Friday and the S&P 500 declined for a second straight week after a strong monthly jobs report as investors bet that the Federal Reserve could raise interest rates sooner than previously expected. The strong report, seen as a gauge for the timing of the Fed's first rate hike in...

  • NEW YORK, March 6- America's tumbling unemployment rate and better-than-expected job gains in February should give Federal Reserve officials confidence this month to pave the way, though not commit, to an interest rate hike in June. While wage gains were only slight, analysts said the Fed was now likely to drop a reference to patience on the timing of a rate hike...

  • NEW YORK, March 6- U.S. stocks dropped more than 1 percent on Friday after a strong monthly jobs report as investors bet that the Federal Reserve could raise interest rates sooner than previously expected.

  • NEW YORK, March 6- A robust U.S. jobs report raised concern in markets on Friday that the Federal Reserve may raise interest rates sooner than previously thought, hammering U.S. stock and bond prices. "Any sign of undue strength will raise the spectre of rates climbing sooner than expected, and we were already expecting rates to rise this year," said Bruce McCain, chief...

  • TRENTON, N.J.— The Food and Drug Administration has approved a new antifungal drug, Cresemba, to treat two rare but serious infections that typically strike people with weakened immune systems. Cresemba is the sixth medicine approved by the FDA as a result. Cresemba, known chemically as isavuconazonium, is made by Astellas Pharma US Inc. of Northbrook, Illinois, a...

  • WASHINGTON, March 6- The U.S. Justice Department is preparing criminal corruption charges against New Jersey Democratic Senator Robert Menendez, CNN reported on Friday. Federal authorities have probed Menendez's relationship with Florida ophthalmologist Salomon Melgen, a Democratic donor who has been accused of overbilling the Medicare program.

  • NEW YORK/ LONDON, March 6- Gold fell nearly 3 percent to a three-month low on Friday after stronger-than-expected U.S. non-farm payrolls fueled expectations the Federal Reserve will raise rates sooner rather than later, and the dollar jumped to an 11-1/ 2 year high. Spot gold was down 2.6 percent at $1,167.40 by 2:38 p.m. EST, on track for its biggest daily drop...

  • NEW YORK, March 6- America's tumbling unemployment rate and better-than-expected job gains in February should give Federal Reserve officials confidence to pave the way this month, though not commit, to an interest rate hike in June. Given today's employment report, right now, June would strike me as the leading candidate for lift off, " Richmond Federal Reserve...

  • NEW YORK, March 6- U.S. stocks retreated on Friday, with the S&P 500 index poised for its second straight weekly drop, after a strong monthly jobs report fueled expectations for an interest rate hike by the Federal Reserve this year. "There's speculation we're going to see an increase in rates earlier than anticipated," Jim Herrick, director of equity trading at R.W.

  • NEW YORK, March 6- A robust U.S. jobs report raised concern in markets that the Federal Reserve may raise interest rates sooner than previously thought, hammering U.S. stock and bond prices on Friday. "Any sign of undue strength will raise the specter of rates climbing sooner than expected, and we were already expecting rates to rise this year," said Bruce McCain, chief...

  • *Feb U.S. payrolls growth tops expectations. NEW YORK, March 6- U.S. stocks retreated on Friday, with the S&P 500 index poised for its second straight weekly drop, as a strong monthly jobs report fueled expectations for an interest rate hike by the Federal Reserve this year, possibly sooner than anticipated. But relatively light volume on Friday suggested a...

  • NEW YORK, March 6- A robust U.S. jobs report raised concern in markets that the Federal Reserve may raise interest rates sooner than previously thought, knocking U.S. stock and bond prices lower on Friday. "Any sign of undue strength will raise the specter of rates climbing sooner than expected, and we were already expecting rates to rise this year," said Bruce McCain,...

  • FOREX-Dollar jumps after strong U.S. jobs report Friday, 6 Mar 2015 | 10:33 AM ET

    NEW YORK, March 6- The dollar jumped on Friday to an 11-1/ 2 year high against a basket of currencies as news of robust U.S. employment growth bolstered market sentiment that the Federal Reserve was closer to raising interest rates. Before a U.S. employment report on Friday, the dollar had already hit an 11-1/ 2 year high against the euro as interest rate differentials...

  • FDA approves first lower-cost biotech drug Friday, 6 Mar 2015 | 10:14 AM ET

    The Food and Drug Administration approval of Novartis' version of the blockbuster drug Neupogen paves the way for a new market of quasi-generic biotech medicines. Express Scripts Holding Co., the country's largest prescription benefit manager, estimates the Novartis drug, named Zarxio, could save the U.S. health system $5.7 billion over the next decade.

  • LONDON, March 6- Gold fell almost 2 percent to a two-month low on Friday after better-than-expected U.S. non-farm payrolls fuelled speculation the Federal Reserve will raise rates sooner rather than later. Spot gold dipped 1.8 percent to its lowest since Jan. 2 at $1,175.40 an ounce earlier and was down 1.6 percent at $1,178.64 by 1401 GMT. "The outcome was...

  • *Average hourly earnings rise three cents. WASHINGTON, March 6- U.S. employment growth accelerated in February and the jobless rate fell to a more than 6-1/ 2 year low of 5.5 percent, signs that could encourage the Federal Reserve to consider hiking interest rates in June. We think it is on the path to make a rate change in June, "said Sam Bullard, a senior economist at...

  • NEW YORK, March 6- U.S. stocks opened lower on Friday, with the S&P 500 on track for a second week of declines, as a strong monthly jobs report heightened expectations the U.S. Federal Reserve could raise interest rates sooner than anticipated. The Dow Jones industrial average fell 80.27 points, or 0.44 percent, to 18,055.45, the S&P 500 lost 6.25 points, or 0.3 percent,...

  • *Wall Street futures down, S&P 500 faces second week of losses. LONDON, March 6- The dollar rose to an 11- year high against the world's major currencies and U.S. bond yields jumped on Friday, as U.S. jobs figures reinforced expectations the Federal Reserve will push ahead with its first rate hike in almost a decade. "Everyone was pretty soundly surprised by this," said...