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Stocks Jump on Solid Jobs Report; Energy Sector Falls

Stocks Jump on Solid Jobs Report; Energy Sector Falls

Stocks are climbing Friday after the U.S. government reported another month of strong job gains. That helped the market bounce back from a sharp drop the day before. KEEPING SCORE: The Dow Jones industrial average rose 247 points, or 1.4 percent, to 17,724 … Continue reading at abcnews.go.com

Things are about to get brutal on Wall Street

The good news: You get to keep your job. The bad news: It’s about to get a lot more cutthroat. A number of Wall Street investment banks have moved toward cutting swathes of traders in recent months, with Morgan Stanley set to be the latest to take the leap. Continue reading at businessinsider.com

Chicken of the Sea, Bumble Bee merger called off

The Bumble Bee tuna processing plant in Santa Fe Springs, Calif., on Oct. 15, 2012. (Photo: Nick Ut, AP) The tuna giants behind the brands Chicken of the Sea and Bumble Bee have abandoned their plans to merge after the U.S. government signaled its … Continue reading at usatoday.com

Small Business

Why GE’s Billion Alstom Purchase Is its Best Deal in a Century

Never in General Electric’s (GE – Get Report) 123-year history of dealmaking has it bought a business that fit quite as well as Alstom’s power division. At least, according to CFO Jeff Bornstein. GE’s purchase from the French turbine maker, finalized in … Continue reading at thestreet.com

The best and worst run states in America

The Peace Garden State, No. 1 on the best-run list, has a very low unemployment rate. (Photo: Thinkstock) How well run is your state? Assessing a state’s management quality is no simple task. The current economic climate and standard of living in any given … Continue reading at usatoday.com

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Small Business

Jay Z’s Tidal streaming service sees third CEO in one year

NEW YORK, Dec. 4 (UPI) –Jay Z’s Tidal streaming service has hired its third CEO in less than nine months. SoundCloud Chief Business Officer Jeff Toig will takeover Tidal as its chief executive starting in January. Toig succeeds former CEOs Andy Chen and … Continue reading at upi.com

David Price won’t pocket a big chunk of that 7M

Uncle Sam may be the winner of Major League Baseball’s latest monster deal. Pitcher David Price reportedly signed a seven-year, $ 217 million contract with the Boston Red Sox this week. The contract’s total value would make him MLB’s highest-paid pitcher. Continue reading at cnbc.com

E. coli outbreak linked to Chipotle expands

NEW YORK (AP) -- An outbreak of E. coli linked to Chipotle restaurants has sickened seven more people and expanded to three additional states. The Centers for Disease Control and Prevention says a total of 52 cases have now been reported in nine states … Continue reading at sfgate.com

Target settles for million over data breach

Target agreed to a $ 39 million settlement with several U.S. banks on Wednesday over a data breach that affected roughly 40 million customers. The banks lost millions when they were forced to reimburse customers who lost money in the massive 2013 hack of … Continue reading at money.cnn.com

Avon shares gain ground on reports of Cerberus interest

NEW YORK (AP) -- Shares of Avon Products Inc. jumped Friday as multiple media reports said the beauty products company is considering selling its North American business to private equity firm Cerberus Capital Management. The reports come as another … Continue reading at chron.com

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