Business Today: Asian shares rise on upbeat U.S. data, autos gain

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Good Morning Robert, FRI 02 Apr 2010 
 
Asian shares rise on upbeat U.S. data, autos gain
March payrolls rise 162,000 on private hiring
China central bank sees dollar strength, global inflation
Discounts drive auto sales rise, Toyota surge
Samsung Electronics shares hit record high
Fed's balance sheet down in latest week
Citi spinoff Primerica soars on hopes for economy
Toyota to extend sales incentives
MGM mulls standalone plan, suitor grows restless
Dell says several former staff may face SEC action


Asian shares rise on upbeat U.S. data, autos gain
April 02, 2010 04:26 AM ET
TOKYO (Reuters) - Asian shares rose on Friday, with South Korean stocks hitting a 21-month high, as upbeat U.S. manufacturing data and jobless claims boosted hopes for a sustainable economic recovery.

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March payrolls rise 162,000 on private hiring
April 02, 2010 08:33 AM ET
WASHINGTON (Reuters) - U.S. non-farm payrolls, a key measure of the economy's health, rose in March for only the third time since recession struck in late 2007 as the private sector stepped up hiring at the fastest pace in almost 3 years.

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China central bank sees dollar strength, global inflation
April 02, 2010 07:08 AM ET
BEIJING (Reuters) - China's central bank said on Friday that it expected the dollar to strengthen this year, but it raised the specter of worldwide asset bubbles and inflation.

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Discounts drive auto sales rise, Toyota surge
April 01, 2010 09:49 PM ET
DETROIT (Reuters) - U.S. auto sales jumped to a seven-month high in March led by a 41 percent surge at Toyota Motor Corp after the Japanese automaker offered the steepest discounts in its history to win back sales lost during its recent safety crisis.

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Samsung Electronics shares hit record high
April 01, 2010 09:41 PM ET
SEOUL (Reuters) - Shares in Samsung Electronics hit a record high on Friday fueled by foreign buying amid current strong memory chip momentum and a robust earnings outlook for the first half.

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Fed's balance sheet down in latest week
April 01, 2010 07:25 PM ET
NEW YORK (Reuters) - The Federal Reserve's balance sheet fell in the latest week, Fed data released on Thursday showed.

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Citi spinoff Primerica soars on hopes for economy
April 01, 2010 04:53 PM ET
NEW YORK (Reuters) - Citigroup Inc's spinoff of its life insurance unit, Primerica Inc saw its shares gain more than a third in its debut on optimism that the life insurer will benefit from a rebounding economy.

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Toyota to extend sales incentives
April 01, 2010 08:19 PM ET
DETROIT (Reuters) - Toyota Motor Corp will extend U.S. sales incentives in April as it recovers from a two-month sales dip linked to recalls and suspended sales.

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MGM mulls standalone plan, suitor grows restless
April 01, 2010 08:07 PM ET
LOS ANGELES (Reuters) - Metro-Goldwyn-Mayer's steering committee met with creditors on Thursday to present a stand-alone plan for the studio, as Access Industries threatened to drop its bid unless it gets a response soon, sources familiar with the matter said.

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Dell says several former staff may face SEC action
April 01, 2010 08:06 PM ET
SAN FRANCISCO (Reuters) - Dell Inc said on Thursday several of its former employees had been told they may face some sort of action by financial regulators related to a long-running probe of the PC maker's accounting.

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