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Wall Street closes up slightly ahead of jobs report

NEW YORK - U.S. stocks closed modestly higher in light trading on Thursday as investors held back on big bets ahead of Friday's jobs report, which is expected to be a big factor in influencing the timing of a Federal Reserve interest rate hike.

Recent Business News

Volkswagen to announce $1 billion investment in Mexico: source

MEXICO CITY - German carmaker Volkswagen will next week announce an investment worth around $1 billion in Mexico to expand its Puebla plant, a person familiar with the matter said on Thursday.

5:06pm EST

For the 'unbanked', mobile money still has some way to go

- Globally, an estimated 2.5 billion people don't have a bank account, but many own a cellphone, fuelling a race to turn these phones into bank books for the 'unbanked' to store cash, manage their accounts, make purchases and send and receive money - part of so-called 'financial inclusion'.

4:20pm EST

Exclusive: Commerzbank nears $1.4 billion-plus settlement with U.S. - sources

NEW YORK - Commerzbank AG is nearing an agreement to pay U.S. authorities more than $1.4 billion to settle allegations it violated U.S. sanctions and a separate investigation that stemmed from the Olympus Corp accounting scandal, according to two people close to the case.

BofA's $8.5 billion mortgage bond settlement wins approval

NEW YORK - A New York state appeals court on Thursday approved Bank of America Corp's $8.5 billion settlement with mortgage securities investors in its entirety.

1:11pm EST

Draghi ties ECB's Greek funding to bailout compliance

NICOSIA/ATHENS - The European Central Bank will resume normal lending to Greek banks only when it sees Athens is complying with its bailout program and is on track to receive a favorable review, ECB President Mario Draghi said on Thursday. | Video

2:05pm EST

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