JPMorgan Chase & Co is under federal scrutiny over hiring the son of China's current commerce minister, the Wall Street Journal reported, citing internal emails.
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Google can disrupt car industry but is no automaker, Daimler says
Technology companies such as Google are unlikely to become mass car manufacturers, even if they have the potential to disrupt an industry increasingly focused on software and automated driving, the head of German carmaker Daimler (DAIGn.DE) said on Friday.
Isolated Greece wants no more bailout money with strings
Greece's new leftist-led government, isolated in the euro zone and under pressure from the European Central Bank, said on Friday it wanted no more bailout money with strings attached from the European Union and International Monetary Fund.
Japan automakers hit production snags as U.S. port dispute drags on
Japanese automakers are being forced to ship some car parts to U.S. plants by expensive air cargo and tweak production processes as a protracted labor dispute at U.S. West Coast ports shows no signs of letting up.
Brazil's Petrobras taps state banker as CEO; shares dive
Brazil's President Dilma Rousseff tapped a confidant from a state-run bank to be the next head of Petrobras on Friday, chilling investor hopes that a more independent new management team would steer the oil firm out of a huge corruption scandal.
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Chief executives of the three largest U.S. airlines said they want the U.S. government to modify or terminate air treaties with two Persian Gulf nations, the Wall Street Journal reported.
Walkie-talkie and radio systems maker Motorola Solutions Inc (MSI.N) is looking into a possible sale, Bloomberg reported, citing people familiar with the matter.
The dollar and U.S. government debt yields jumped on Friday as a strong American labor market report raised expectations that the Federal Reserve will increase interest rates by mid-year.
Oil rallied again on Friday, with benchmark Brent crude having its largest two-week gain in 17 years, as falling oil rig counts and violence in producer Libya helped further stall a selloff that began in June.
The good news from Friday's jobs report may already be reflected in the prices of the smallest U.S. stocks. With nearly all of their revenue coming from the United States, the companies in the Russell 2000 should be the most obvious beneficiaries of a growing U.S. economy.
America has added more than a million jobs in the space of three months but wages, especially for blue-collar workers, are showing few signs of gains.
Wall Street stocks fell on Friday as a better-than-expected U.S. jobs report raised expectations that the Federal Reserve will increase interest rates by midyear, while renewed worries over Greece's debt negotiations added to the bearish tone.
The International Monetary Fund has granted Guinea, Liberia and Sierra Leone debt relief of about $100 million in total, the first time a global institution has provided such relief to the three West African nations hardest hit by the Ebola outbreak.
Canada and Japan must open their markets to farm imports under a Pacific trade pact, the chairman of a U.S. congressional committee responsible for trade said on Thursday, adding that any country that cannot meet the deal's goals should drop out.
