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. | Video
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Recent Business News
NEW YORK - Investors worldwide poured $7.5 billion into stock funds in the week ended March 5 on reassuring signs the U.S. economy was on firm footing and reduced geopolitical tensions, data from a Bank of America Merrill Lynch Global Research report showed Friday.
LONDON - Amazon's tax affairs could come under more scrutiny in Britain, tax experts said, after a judge questioned whether it really was organized in the tax efficient way it said it was.
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.
NEW YORK - Red-hot institutional demand for U.S. leveraged loans has produced a string of aggressive deals for fashion retail companies, including an aggressive buyout financing backing private equity firm Sycamore Partners' takeover of The Jones Group apparel company.
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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