WASHINGTON - U.S. job growth accelerated sharply in February despite the icy weather that gripped much of the nation, easing fears of an abrupt economic slowdown and keeping the Federal Reserve on track to continue reducing its monetary stimulus.
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Recent Business News
CHICAGO - The Securities and Exchange Commission has launched an inquiry into whether high-speed trader Infinium Capital Management violated federal securities laws, according to a SEC letter obtained by Reuters.
SAO PAULO - UBS AG will restart investment banking operations in Brazil as early as next week, sources said, almost five years after Switzerland's biggest bank sold its highly profitable securities unit there following the global financial crisis.
LONDON - British engineering company Rolls-Royce said on Friday it would fund the purchase of German carmaker Daimler's 50 percent stake of a jointly owned power systems company using cash and some borrowing.
MADRID - British telecoms group Vodafone has reached a preliminary deal to buy Spanish cable group Ono after raising its initial bid for the company, two people with knowledge of the discussions said on Friday.
The FT's Michael Mackenzie reports that the amount of money borrowed on margin to buy stocks on the NYSE hit a new, nominal high of $451 billion. That's up 20% over last year, Mackenzie reports.
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- US sees moderate manufacturing growth in January