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  • 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...

  • *Average hourly earnings rise three cents. WASHINGTON, March 6- U.S. employment 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. Nonfarm payrolls rose 295,000 last month after rising 239,000 in January, the Labor Department said...

  • WASHINGTON, March 6- U.S. employment accelerated in February and the jobless rate fell to 5.5 percent, signs that could encourage the Federal Reserve to consider hiking interest rates in June. Nonfarm payrolls rose 295,000 last month after downwardly revised 239,000 gain in January, the Labor Department said on Friday. The unemployment rate was at 5.7 percent...

  • The outlook excludes costs related to the company's $6.3 billion acquisition of smaller rival Office Depot Inc, which is being examined by the U.S. Federal Trade Commission. The anti-trust watchdog is widely expected to approve the deal, which would leave the United States with a single specialty office-supplies retailer to compete with big-box chains such...

  • *Bureau veritas down after Wendel sells shares. LONDON, March 6- European shares steadied near seven-year highs on Friday with investors focussed on whether U.S. jobs figures would be strong enough to prompt the Federal Reserve to hike interest rates sooner than expected. The index rose 0.8 percent to a new seven-year high on Thursday after European Central...

  • Dollar surges after another strong US jobs report Friday, 6 Mar 2015 | 2:16 AM ET

    SEOUL, South Korea— European stocks traded cautiously ahead of a U.S. jobs report Friday that could influence when the Federal Reserve raises interest rates this year. KEEPING SCORE: European stock markets got off to a lukewarm start, with Britain's FTSE 100 little changed at 6,955.63. Germany's DAX was flat at 11,501.53 while France's CAC 40 edged down 0.2...

  • *U.S. nonfarm payrolls forecast rising 240,000 in February. WASHINGTON, March 6- U.S. employment likely rose strongly in February with the jobless rate slipping, signs that could encourage the Federal Reserve to consider hiking interest rates in June. "The jobs picture remains extraordinary healthy," said Jacob Oubina, an economist at RBC Capital Markets in New...

  • HONOLULU, March 5- Federal Reserve policymakers should not wait too long to raise interest rates, a top U.S. central banker said on Thursday, because doing so could mean "drastically" overshooting on inflation and forcing the Fed to hike rates dramatically. "I think that by mid-year it will be the time to have a serious discussion about starting to raise rates," San...

  • WASHINGTON/ NEW YORK, March 5- All 31 U.S. banks passed a test of how they would do in a next economic crisis, the Federal Reserve said on Thursday, but those with large trading books came out weak because of new elements in the check-up. But Wall Street banks such as Goldman Sachs, Morgan Stanley and JP Morgan Chase& Co were among the five banks with the lowest readings.

  • WASHINGTON— All of the nation's 31 largest banks are adequately fortified to withstand a severe U.S. and global recession and keep lending, the Federal Reserve said Thursday. "This week's tests are a more modest standard than what we will get next week," said Cayetano Carrasco-Gea, senior director at Moody's Analytics. The banks undergoing the stress tests...

  • U.S. banks all pass capital hurdle in Fed stress test Thursday, 5 Mar 2015 | 4:30 PM ET

    WASHINGTON, March 5- All 31 U.S. banks passed a 5 percent minimum hurdle for top-tier capital in an annual health check by the Federal Reserve, the central bank said on Thursday, as the industry continues to rebuild buffers after the crisis. Zions Bancorp came in at 5.1 percent in a model run of a severe crisis that included a 25 percent drop in home prices and a stock...

  • BANKS ALL STAY ABOVE 5 PERCENT MINIMUM CAPITAL HURDLE IN FEDERAL RESERVE STRESS TEST.

  • FED SAYS BANKS WOULD INCUR LOAN LOSSES OF $340 BLN IN MOST SEVERE TEST SCENARIO.

  • FED SAYS BANKS' AGGREGATED COMMON CAPITAL RATIO WOULD FALL TO 8.2 PCT IN STRESS SCENARIO.

  • FDA study finds little evidence of antibiotics in milk Thursday, 5 Mar 2015 | 2:08 PM ET

    WASHINGTON— In an encouraging development for consumers worried about antibiotics in their milk, a new Food and Drug Administration study showed little evidence of drug contamination after surveying almost 2,000 dairy farms. In response to concerns, the agency in 2012 took samples of raw milk from the farms and tested them for 31 drugs, almost all of them...

  • NEW YORK, March 5- The New York Federal Reserve's once-unparalleled authority to oversee Wall Street has been weakened by a series of supervisory missteps and by a consolidation of power at the U.S. central bank's Washington headquarters. Current and former New York Fed employees say its ability to independently regulate the country's largest banks began to...

  • The Federal Trade Commission said Thursday that Allstar Marketing Group promised customers buy-one-get-one free promotions, but some were still charged for the items in the form of high processing and handling fees. The FTC said costumers were led to believe they would be getting two $19.95 products for less than $10 each, but actually paid $35.85 when a...