Business Today: Wall St to test 2-year high on jobs data

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Good Morning Aron, FRI 03 Dec 2010    Wall St to test 2-year high on jobs data Payrolls in November edge up, jobless rate jumps Walter Energy seals $3.3 billion Western Coal buy Special Report: What did you do in the ETF war, daddy? Euro zone pulls ahead, China shifts stance Big Lots profit misses Street, cuts Q4 outlook Authorities scan healthcare deals: report Senate to take symbolic votes on taxes Saturday China declares shift to "prudent" monetary policy SAP open to expanding cooperation with HP: report Qantas : lawsuit not preferred Oil pipe blamed for A380 engine fire Samsung taps new president, shr peak Wall St to test 2-year high on jobs data December 03, 2010 08:36 AM ET NEW YORK (Reuters) - Wall Street's largest two-day rally in three months will be tested by jobs data on Friday, with some in the market predicting a strong report that will push the S&P 500 to a fresh two-year high. Full Article Payrolls in November edge up, jobless rate jumps December 03, 2010 08:33 AM ET WASHINGTON (Reuters) - U.S. employment increased far less than expected in November and the jobless rate jumped to a seven-month high of 9.8 percent, dampening hopes for a self-sustaining economic recovery. Full Article Walter Energy seals $3.3 billion Western Coal buy December 03, 2010 08:19 AM ET LONDON (Reuters) - U.S.-based mining group Walter Energy Inc is to buy Canada's Western Coal for C$3.3 billion ($3.3 billion) to create one of the largest producers of steel-making metallurgical coal. Full Article Special Report: What did you do in the ETF war, daddy? December 03, 2010 08:18 AM ET BOSTON (Reuters) - Gus Sauter, Vanguard Group's chief investment officer, vividly recalls the first time he proposed exchange-traded funds to his boss. Full Article Euro zone pulls ahead, China shifts stance December 03, 2010 07:19 AM ET LONDON (Reuters) - German strength propelled the recovery of the euro zone's dominant services economy in November, surveys showed on Friday, after China declared a new prudent monetary stance to help regulate its fervent growth. Full Article Big Lots profit misses Street, cuts Q4 outlook December 03, 2010 06:35 AM ET BANGALORE (Reuters) - Big Lots Inc's quarterly profit missed market expectations by a penny as the close-out retailer spent more to prepare for the holiday season, and the company cut its outlook for its crucial fourth quarter. Full Article Authorities scan healthcare deals: report December 03, 2010 02:14 AM ET BANGALORE (Reuters) - Trading activity around a number of healthcare deals is being examined by the U.S. authorities as part of investigations into suspected insider trading by certain hedge fund players, the Wall Street Journal said, citing people familiar with the matter. Full Article Senate to take symbolic votes on taxes Saturday December 02, 2010 10:53 PM ET WASHINGTON (Reuters) - The Senate will vote on two Democratic options to extend some Bush-era tax cuts on Saturday, its Democratic leader said, measures likely to fail but highlight deep ideological divisions between the parties. Full Article China declares shift to "prudent" monetary policy December 03, 2010 05:52 AM ET BEIJING (Reuters) - China will switch to a prudent monetary policy from a moderately loose stance, the Communist Party's top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls. Full Article SAP open to expanding cooperation with HP: report December 03, 2010 02:18 AM ET FRANKFURT (Reuters) - German business software maker SAP is open to intensifying its existing cooperation with Hewlett-Packard Co , its co-CEO told a German paper, but dismissed talk HP may be interested in the company. "This is pure speculation," Jim Hagemann Snabe, who jointly leads SAP with Bill McDermott, told Sueddeutsche Zeitung in an interview published in Friday, when asked whether HP could be interested in SAP. Full Article

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