5 February, 2016 by The TZ Newswire Staff Comments Off on Live: Jobs day, Wall St. & the Fed; Oil tax; Health insurance alliance
Live: Jobs day, Wall St. & the Fed; Oil tax; Health insurance alliance
Join Market Movers live now for breaking coverage of the monthly jobs report and the biggest premarket stories of the day.
5 February, 2016 by The TZ Newswire Staff Comments Off on Wall Street waits on jobs report
Wall Street waits on jobs report
U.S. stock index futures indicated a higher open on Friday as traders looked to the release of nonfarm payrolls data at 8:30 a.m. ET.
5 February, 2016 by The TZ Newswire Staff Comments Off on Sweden’s IKEA loses right to use its own name in Indonesia
Sweden’s IKEA loses right to use its own name in Indonesia
Swedish furniture giant IKEA has lost the right to use its own brand name in Indonesia after a legal battle with a local company that claimed the trademark, court documents released earlier this week showed. “The clear message is that any business wanting to open up in Indonesia has to be very careful to register all its trademarks so they don’t get hijacked,” said Keith Loveard, head of risk analysis at Jakarta-based Concord Consulting.
5 February, 2016 by The TZ Newswire Staff Comments Off on Toyota posts $5.4 billion quarterly profit, raises forecast
Toyota posts $5.4 billion quarterly profit, raises forecast
Toyota’s quarterly profit rose nearly 5 percent as the weaker yen and cost reductions offset declining sales in some markets. The automaker raised its full-year earnings forecast. Toyota Motor Corp., the …
5 February, 2016 by The TZ Newswire Staff Comments Off on Estee Lauder 2Q results top Street, hair care sales climb
Estee Lauder 2Q results top Street, hair care sales climb
Estee Lauder’s fiscal second-quarter results topped analysts’ estimates thanks in part to increased sales of makeup, fragrances and hair care products. The beauty products company earned $446.2 million, …
5 February, 2016 by The TZ Newswire Staff Comments Off on US January non-farm payrolls +151K vs +190K expected
US January non-farm payrolls +151K vs +190K expected
Highlights of the January 2016 US non-farm payrolls report:
– Prior was 292K (revised to 262K)
– Private payrolls 158K vs 180K exp
– Manufacturing payrolls +29K vs -2K exp
Wages
5 February, 2016 by The TZ Newswire Staff Comments Off on Futures little changed ahead of U.S. jobs report
Futures little changed ahead of U.S. jobs report
* U.S. employment gains likely slowed in January to 190,000 jobs from 292,000 jobs in December as the boost to hiring from unseasonably mild weather faded. * U.S. equities have been tracking oil prices since the start of the year. * Oil prices, which were up about 1 percent, have been extremely volatile this year, and this week in particular, as a slump in the dollar (.DXY) and potential talks on output cuts clashed with reports of record inventories.