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Markets

JPMorgan's Dimon says 'no evidence of cancer'

JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon said medical tests showed "no evidence of cancer in my body," according to an internal memo seen by Reuters.

Dec 05, 2014 11:59 AM EST

Markets

Dollar, stocks climb as U.S. jobs beat forecast

A surprisingly strong U.S. jobs report lifted the dollar to a five-and-a-half year high against a basket of currencies on Friday, while stocks climbed, led by financial shares.

Markets

Bullish U.S. employment report puts Fed under spotlight

U.S. employers added the largest number of workers in nearly three years in November and wage gains picked up, a sign of economic strength that could draw the Federal Reserve closer to raising interest rates.

Markets

Wall Street flat, on tenterhooks over ECB action

U.S. stocks were little changed on Thursday, bouncing from initial losses after European Central Bank President Mario Draghi brushed off pressure for more immediate monetary policy action, saying the issue would be addressed early next year.

Draghi says will not allow dissenters to block possible ECB action

The European Central Bank will decide early next year whether to take further action to revive the euro zone's economy, its president said on Thursday, signalling that he would not allow opposition from Germany or anyone else to stop it.

Dec 04, 2014 3:58 PM EST

Euro jumps, bonds sag as ECB puts off stimulus decision

The euro rebounded and European bond yields bounced off record lows on Thursday after the European Central Bank put off until next year a decision on whether to increase economic stimulus, suggesting interest rates won't be pushed lower.

Dec 04, 2014 3:56 PM EST

U.S. SEC's Stein says Bank of America waiver policy is 'breakthrough'

A top U.S. regulator praised the structure of a regulatory waiver granted last month to Bank of America Corp (BAC.N), saying the tougher conditions imposed on the bank may help deter repeat offenses.

Dec 04, 2014 3:54 PM EST

After pulling billions, former Pimco investors may not be better off

When Bill Gross bolted Pimco in late September after months of mediocre performance in his Total Return Fund, clients including Wells Fargo & Co. and Charles Schwab Corp pulled over $61 billion from the Newport Beach, California-based money manager. Where the money landed may be no better than where it left.

Dec 04, 2014 3:52 PM EST

Exclusive: Takata investigated defective air bag inflator as early as 2003

As early as 2003, Takata Corp (7312.T) ran an investigation into an air bag inflator that ruptured in a BMW (BMWG.DE) vehicle, but concluded the problem was an anomaly, the company said on Tuesday, ahead of a second U.S. congressional hearing on dangerous air bags it supplied.

Dec 03, 2014 10:13 AM EST

No need for irrational fears of student loans

The next generation of college students has heard the message loud and clear about the perils of taking on too much student loan debt - so much so that many are unwilling to go into debt at all in order to attend college.

Dec 03, 2014 10:11 AM EST

U.S. private payrolls rise in November; third-quarter compensation revised down

U.S. private employers added jobs at a fairly brisk clip in November, suggesting a slowing global economy is having a limited impact on domestic activity

Dec 03, 2014 10:09 AM EST

U.S. mortgage applications fall in latest week: MBA

Applications for U.S. home mortgages fell last week as refinancing applications dropped, an industry group said on Wednesday.

Dec 03, 2014 10:07 AM EST

BNY Mellon gives activist investor Trian Fund a board seat

Bank of New York Mellon (BK.N) said it elected Ed Garden, a founding partner of activist investor Trian Fund Management LP, to its board.

Dec 02, 2014 11:54 AM EST

Oil falls below $72 after sharp rally in volatile market

Brent oil fell below $72 a barrel on Tuesday, giving up some of its gains in the previous day's rally from five-year lows, as traders voiced uncertainty over whether the market had reached a floor or would keep falling.

Dec 02, 2014 11:49 AM EST

Wall St. rises; energy leads despite oil weakness

U.S. stocks rose on Tuesday as a pair of big M&A deals boosted market optimism and helped the market rebound from the broad decline in the previous session, which was the S&P 500's weakest day in a month.

Dec 02, 2014 11:45 AM EST

U.S. construction spending posts biggest gain in five months

U.S. construction spending rose more than expected in October as both private and public outlays increased, which could ease concerns of a sharp slowdown in fourth-quarter economic growth.

Dec 02, 2014 11:41 AM EST