Business Today: Stock futures climb ahead of February's jobs report

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Good Morning Robert, FRI 05 Mar 2010 
 
Stock futures climb ahead of February's jobs report
Feb payrolls fall 36,000, weather impact unclear
Toyota: no evidence of throttle failure in fixed cars
Fewer discounts help U.S. stores weather February snow
Iceland gets some rare upbeat news on eve of vote
Fed's Bullard impatient about Fed rate pledge
China eyes 11 percent industrial output growth this year
BP CEO pay soars as profits dive
Oil rises towards $81; China signals stimulus
Citi's Pandit blesses reforms amid watchdog doubts


Stock futures climb ahead of February's jobs report
March 05, 2010 08:17 AM ET
NEW YORK (Reuters) - Stock index futures rose on Friday as investors appeared ready to welcome any sign of fewer job losses in impending payroll data as improvement in the economy and dismiss any weakness as temporary.

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Feb payrolls fall 36,000, weather impact unclear
March 05, 2010 08:37 AM ET
WASHINGTON (Reuters) - U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate unchanged at 9.7 percent, according to a government report on Friday which said it was unclear how severe weather had impacted payrolls.

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Toyota: no evidence of throttle failure in fixed cars
March 05, 2010 04:04 AM ET
TOYOTA CITY, Japan (Reuters) - Toyota Motor Corp said a partial review of complaints of unintended acceleration after vehicles were repaired had found no evidence of failure in the electronic throttle system or the fixes.

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Fewer discounts help U.S. stores weather February snow
March 04, 2010 07:44 PM ET
CHICAGO (Reuters) - U.S. retailers posted their best monthly sales performance since just before the recession started in 2007, as lean inventories meant they did not need to resort to steep discounts.

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Iceland gets some rare upbeat news on eve of vote
March 05, 2010 08:04 AM ET
REYKJAVIK (Reuters) - Iceland's economy grew briskly in the latest quarter, its best performance since the country's financial system nearly collapsed in 2008 and a rare dose of positive news ahead of a referendum over foreign debts.

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Fed's Bullard impatient about Fed rate pledge
March 04, 2010 07:42 PM ET
St. CLOUD, Minnesota (Reuters) - A second senior Federal Reserve official on Thursday joined the ranks of those doubting whether the Fed should continue to commit to hold rates exceptionally low for an extended period, a sign pressures are building to drop the wording.

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China eyes 11 percent industrial output growth this year
March 04, 2010 10:41 PM ET
BEIJING (Reuters) - China must have 11 percent industrial output growth this year to achieve its GDP target of 8 percent, Minister of Industry and Information Technology Li Yizhong said on Friday.

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BP CEO pay soars as profits dive
March 05, 2010 05:56 AM ET
LONDON (Reuters) - The chief executive of Europe's largest oil company by production, BP Plc, enjoyed a 41 percent rise in total pay in 2009, even though profits dropped 45 percent.

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Oil rises towards $81; China signals stimulus
March 05, 2010 08:08 AM ET
LONDON (Reuters) - Crude climbed toward $81 a barrel on Friday, approaching a seven-week high, after signals China will maintain its economic stimulus measures boosted hopes strong growth will help drain excess oil supplies.

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Citi's Pandit blesses reforms amid watchdog doubts
March 04, 2010 03:43 PM ET
WASHINGTON (Reuters) - Citigroup Inc Chief Executive Vikram Pandit on Thursday voiced support for key Obama administration financial reform goals, including a consumer protection authority, but government watchdogs questioned his earnestness.

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