TOP STORIES
U.S. JANUARY NONFARM PAYROLLS UP BY 151,000; JOBLESS RATE 4.9%
The U.S. labor market slowed substantially in January, a
potential reflection of employer caution tied to market unrest that
could weigh on expectations the Federal Reserve could raise
interest rates in March.
U.S. STOCKS FALL AFTER JOBS REPORT
Stocks fell broadly as U.S. data showed employment growth slowed
in January after a surge at the end of last year.
LINKEDIN SHARES PLUNGE 40%, ON PACE FOR WORST ONE-DAY LOSS EVER
Shares of LinkedIn Corp. are getting positively shellacked on
Friday, down 40% after delivering a weak 2016 outlook in what looks
like its biggest one-day loss on record.
HSBC IN $470 MILLION SETTLEMENT ON ALLEGED U.S. MORTGAGE ABUSES
HSBC Holdings agreed to pay $470 million to settle federal and
state allegations of abusive practices in its U.S. mortgage
business.
U.S. TRADE GAP EXPANDED IN DECEMBER
The U.S. trade deficit expanded in December, highlighting how a
global economic slowdown remains a headwind to domestic growth.
CHICAGO STOCK EXCHANGE TO BE SOLD TO INVESTORS INCLUDING CHINA'S CASIN
The Chicago Stock Exchange said Friday that it has agreed to be
acquired by an investor group that includes China's Chongqing Casin
Enterprise Group. Terms of the deal were undisclosed.
VOLKSWAGEN POSTPONES EARNINGS ANNOUNCEMENT AMID SCANDAL
Volkswagen said it would postpone publication of its 2015
results because of issues related to the auto maker's emissions
scandal.
EU SETS OUT OBJECTIONS TO HUTCHISON'S TELEFĂ“ NICA U.K. DEAL
The EU has sent CK Hutchison Holdings Ltd. a statement setting
out its objections over the company's planned takeover of
Telefonica SA's British cellphone operator O2, according to people
familiar with the matter.
ARCELORMITTAL TO RAISE $3 BILLION AFTER HEFTY LOSS
Shares in ArcelorMittal plunged as much as 8% after the world's
largest steelmaker said it would issue $3 billion worth of shares
to strengthen its balance sheet.
MOODY'S PROFIT FALLS, HURT BY FOREIGN EXCHANGE
Moody's Corp. reported profit dropped 7.9% as foreign-exchange
headwinds dented revenue growth, though the top and bottom lines
beat Wall Street expectations.
TYSON FOODS PROJECTS RECORD PROFITS
Tyson Foods projected record profits this year, boosted by
growing consumer spending, increased meat supplies and low prices
for animal feed.
OIL PRICES LOWER AFTER U.S. JOBS DATA
Oil prices turned negative Friday on a stronger dollar and
concerns that the oversupply of oil will persist.
TOYOTA PROFIT EDGES UP AS WEAK YEN'S BENEFITS WEAR OFF
Toyota's earnings showed net profit inching higher without help
from currency moves, foreshadowing a shift likely to weigh on
Japanese auto makers' earnings this year.
FOXCONN, SHARP TO SIGN TAKEOVER DEAL BY END OF FEBRUARY
Foxconn Chairman Terry Gou said Friday that the Taiwanese iPhone
assembler plans to seal a deal to buy troubled electronics provider
Sharp by the end of the month, paving the way for one of the
biggest foreign takeovers of a Japanese company.
WEYERHAEUSER POSTS REVENUE DECLINE
Weyerhaeuser reported a decline in fourth-quarter profit as
revenue decreased across all of units amid lower prices.
J.C. PENNEY EXPLORING SALE OF TEXAS HEADQUARTERS
J.C. Penney Co. said Friday that it is exploring a sale of its
Plano, Texas, headquarters as part of the retailer's push to reduce
its debt.
CANADA UNEMPLOYMENT RATE INCREASES IN JANUARY
Canada shed jobs in January as the unemployment rate in oil-rich
Alberta hit its highest level in almost 20 years, underscoring the
impact that the commodity-price rout is having on the country's
economy.
CANADA'S TRADE DEFICIT NARROWS IN DECEMBER
Canada's trade deficit narrowed in December amid widespread
gains in almost every export category.
INTESA SANPAOLO DOUBLES DIVIDEND
Intesa Sanpaolo said that despite a slide in quarterly profit it
would double its dividend on 2015 earnings and boost this year's
payout by 25%.
TABLEAU SOFTWARE SHARES DROP TO ALL-TIME LOW ON WEAK OUTLOOK
Shares of Tableau Software dropped to their lowest level ever a
day after the computer software company gave a disappointing
earnings report and bleak 2016 outlook.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Heard on the Street
JANUARY JOBS: RIGHT NUMBER AT WRONG TIME FOR THE FED
There were positives and negatives in the January employment
report, but the Federal Reserve isn't going to take any
chances.
Central Banks
JOBS REPORT PUTS FED'S RATE DECISION IN LIMBO
Friday's jobs report likely leaves Federal Reserve officials in
a "watchful waiting" mode as they consider whether to lift
short-term interest rates at their next policy meeting in
March.
(END) Dow Jones Newswires
February 05, 2016 13:14 ET (18:14 GMT)
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