Wires

  • A U.S. Labor Department report showed employers in private and public sectors hired more people last month than economists had expected, further strengthening expectations of a hike when the U.S. central bank meets Dec. 13 and 14.. "If it is in the high one hundred on payrolls then everybody is pretty much just yawning at it," said Jeff Weniger, senior strategist at...

  • TORONTO, Dec 2- Canada's main stock index made a small gain on Friday, with gold miners and other materials stocks rising on higher commodity prices while railways, insurers and energy stocks weighed. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 24.99 points, or 0.17 percent, at 15,052.52. It slipped 0.15 percent on the week.

  • NEW YORK, Dec 2- U.S. stocks ended little changed on Friday after a payrolls report did little to alter expectations for an interest rate hike from the Federal Reserve this month and bank stocks cooled.

  • NEW YORK, Dec 2- The DoubleLine Total Return Bond Fund had net outflows of $1.4 billion in November, the third-largest cash withdrawals since the "taper-tantrum" months of 2013, while flows increased into DoubleLine's low duration and unconstrained bond funds, the firm said Friday. The $59.2 billion DoubleLine Total Return Bond Fund, an open-end...

  • Jardiance, a once-daily pill also known as empagliflozin, was approved by the FDA in 2014 to help lower blood sugar in patients with type 2 diabetes. At the time of approval the FDA asked that a separate trial be conducted to show the drug did not increase the risk of cardiovascular problems. Jardiance belongs to a new family of treatments called SGLT2 inhibitors...

  • *Focus shifts to implementation and impact of OPEC deal. NEW YORK, Dec 2- Oil prices rallied for their best week in at least five years on Friday, steadying above $51 a barrel, following OPEC's decision to cut crude output to rein in a global glut that has weighed on prices for more than two years. After the deal was announced on Wednesday, the market focused on the...

  • *Euro one- week implied volatility up before Italy vote. NEW YORK, Dec 2- The dollar fell broadly on Friday after posting gains the last three weeks as a solid, but not spectacular, U.S. non-farm payrolls report stirred doubts about the path of rate increases next year. Analysts, however, said the dollar's weakness was just a short-term correction, a much-needed one,...

  • BRASILIA, Dec 2- Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologize to Brazilians for its involvement in the country's biggest ever corruption scandal. More than 70 of its executives, including family patriarch and chairman Emilio Odebrecht and his jailed son and former CEO Marcelo...

  • CANNON BALL, N.D., Dec 2- U.S. military veterans plan to build a barracks on Friday at a protest camp in North Dakota to support thousands of activists who have squared off against authorities in frigid conditions to oppose a multibillion-dollar pipeline project near the Standing Rock Native American reservation. Veterans volunteering to be human shields have...

  • WASHINGTON— The parent company of United Airlines will pay $2.4 million to settle civil charges by securities regulators over flights that were started to help an official who oversaw one of the airline's hub airports. The SEC said that Continental Airlines had dropped the route before its 2010 merger with United, and another analysis by United showed it...

  • MIAMI, Dec 2- A U.S. standards-setting body said it would investigate New Oriental Education& Technology Group Inc in the wake of a Reuters report that detailed allegations of academic fraud at the company. The American International Recruitment Council, which certifies agencies that recruit foreign students on behalf of U.S. colleges, will investigate the...

  • The 2nd U.S. Circuit Court of Appeals in Manhattan on Friday said federal judges lacked jurisdiction to decide whether the SEC deprived Wing Chau and his firm Harding Advisory LLC of equal protection by pursuing an in-house administrative proceeding instead of suing in federal court. In January 2015, an SEC administrative law judge ordered Chau and Harding...

  • WASHINGTON, Dec 2- President-elect Donald Trump announced the formation of a council to advise him on job creation, a group comprised of the leaders of a variety of major U.S. corporations including GE, GM, Boeing, Disney and IBM. Stephen Schwarzman, chief executive officer of major investment firm Blackstone Group LP, will chair the council. In 2011, Obama convened...

  • NEW YORK, Dec 2- The DoubleLine Total Return Bond Fund, the largest fund in the firm by total assets, had net outflows of $1.4 billion in November, the third-largest cash withdrawals since the 2013 "taper-tantrum" months, while flows increased into DoubleLine's low duration and unconstrained bond funds, the firm said Friday. The $59.2 billion DoubleLine Total...

  • SAO PAULO, Dec 2- Spain's infrastructure company Ferrovial SA is in talks to acquire from its Spanish rival Grupo Isolux Corsan SA three power transmission projects in Brazil, according to a Ferrovial letter seen by Reuters on Friday.

  • LIMA, Dec 2- Peru's energy and mines minister said on Friday the current copper rally and expectations for better prices in coming years will help unleash new mining investments in the Andean country. Speaking on local broadcaster RPP, Gonzalo Tamayo said he expects mining companies to announce progress on proposed projects in Peru next year and that...

  • WOOLRICH, Pa.— Pennsylvania's Woolrich Inc., the oldest manufacturer of outdoor wear in the United States, has merged with its European partner and will be headquartered in London. However, Woolrich's president Nicholas Brayton tells Pennlive.com the merger with Italy's W.P. Lavori in Corso will bring more jobs, mill renovations and development of...

  • Dec 2- The U. S Food and Drug Administration said on Friday it would allow Eli Lilly and Co to state that its diabetes drug Jardiance reduces the risk of death from heart problems, potentially boosting the drug's sales. Jardiance, also known as empagliflozin, was approved by the FDA in 2014 to help lower blood sugar in patients with type 2 diabetes.

  • A U.S. Labor Department report showed employers in private and public sectors hired more people last month than economists had expected, further cementing expectations of an interest rate hike when the U.S. central bank meets Dec. 13 and 14.. "The Fed rate hike being baked in, combined with the presidential transition, made this one an afterthought," said JJ Kinahan,...

  • Dec 2- Windpower developer Deepwater Wind said on Friday its 30- megawatt wind farm located offshore from Block Island, Rhode Island, has completed the testing phase and is expected to start commercial operations in a few days. Deepwater, which is principally owned by an entity of investment firm D.E. Shaw Group, said it is currently finalizing operations...