Bhinneka News Online: Reuters Daily Investor Update: March 10, 2017

Friday, 10 March 2017

Reuters Daily Investor Update: March 10, 2017

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Friday, March 10, 2017

Stocks rise as U.S. jobs data points to rate hike; crude slips

NEW YORK (Reuters) - Crude oil resumed a sharp decline and global equity markets rose on Friday after a robust U.S. jobs report drove home the strength of the world's biggest economy and set the stage for the Federal Reserve to raise interest rates next week.

Wall Street ends up after jobs report; but down for week

NEW YORK (Reuters) - U.S. stocks rose on Friday after a solid jobs report pointed to strength in the domestic economy and supported expectations the Federal Reserve will raise interest rates next week.

Strong U.S. job growth, rising wages set stage for Fed rate hike

WASHINGTON (Reuters) - U.S. employers hired workers at a robust pace in February, beating expectations, and wages grinded higher, which could give the Federal Reserve the green light to raise interest rates next week despite slowing economic growth.

Caterpillar says compliant with tax laws after IRS claim

(Reuters) - Caterpillar Inc said on Friday it was compliant with tax laws, a week after federal law enforcement officials raided three of the company's buildings in connection with a probe into the heavy machinery manufacturer's offshore tax practices.

U.S. extends leniency program for companies that disclose bribery

MIAMI (Reuters) - The U.S. Justice Department will extend a program that offers companies leniency if they voluntarily tell authorities when employees may have paid bribes, a senior official said on Friday.

Corzine emphasizes PwC role prior to MF Global collapse

NEW YORK (Reuters) - Former New Jersey Governor Jon Corzine on Friday resisted accepting blame for the October 2011 collapse of his brokerage MF Global Holdings Ltd, repeatedly stressing his reliance on judgments by the auditor PricewaterhouseCoopers LLP [PWC.UL].

Mattel reworks China strategy amid elusive growth

(Reuters) - Mattel Inc is doubling down to corner a bigger share of China's fragmented yet lucrative toy market, but the success of its efforts hinges on its ability to navigate strict regulation and adapt to local preferences.

Volkswagen pleads guilty in U.S. court in diesel emissions scandal

DETROIT/WASHINGTON (Reuters) - Volkswagen AG pleaded guilty on Friday to fraud, obstruction of justice and falsifying statements as part of a $4.3 billion settlement reached with the U.S. Justice Department in January over the automaker's diesel emissions scandal.

Wanda's $1 billion deal to buy Hollywood's Dick Clark scrapped

(Reuters) - Eldridge Industries, the U.S. owner of Dick Clark Productions Inc, said on Friday that one of its affiliates terminated an agreement to sell off the TV production company to Chinese conglomerate Dalian Wanda Group.

Mitsubishi likely to share pickups with Nissan: COO

GENEVA (Reuters) - Mitsubishi Motors and its new parent Nissan are studying joint production of pickup trucks in Southeast Asia as they look for savings within the broader Renault-Nissan alliance, a senior executive told Reuters.