TOP STORIES
JOBLESS RATE HITS LOWEST LEVEL SINCE RECESSION
U.S. employers hired at a steady clip in November while the
unemployment rate fell to 4.6%-the lowest level in nine years-signs
of enduring labor market growth that will likely leave Federal
Reserve officials on track to raise interest rates later this
month.
U.S. STOCKS MIXED AFTER JOBS REPORT
Financial markets were largely steady after the monthly U.S.
jobs report showed signs of ongoing growth in the labor market and
the unemployment rate fell to the lowest in nine years.
CHINA WARNS U.S. AGAINST BLOCKING AIXTRON TAKEOVER
China cautioned U.S. President Barack Obama against blocking the
takeover of Germany's Aixtron by a Chinese investor, insisting it
was a "normal commercial" acquisition despite national-security
concerns about the deal.
BIG LOTS REPORTS UNEXPECTED REVENUE DECLINE BUT RAISES OUTLOOK
Big Lots reported flat comparable-store sales and an unexpected
revenue decline in its third quarter but raised its profit forecast
for the year.
CHINA ESCALATES EFFORTS TO COOL DOWN FINANCIAL SYSTEM
China's central bank has stepped up efforts to drain cash from
the country's financial system in the past week, which has
contributed to a selloff in the domestic bond market.
FED'S BRAINARD SEES POTENTIAL IN FINTECH
Federal Reserve governor Lael Brainard said the Fed was
reviewing its guidance for how banks interact with
financial-technology firms in response to their growing
relationships.
SINGAPORE TO BAN EX-GOLDMAN BANKER IN CONNECTION WITH 1MDB SCANDAL
Singapore said it will sanction Goldman Sachs's former top
executive in Southeast Asia, who allegedly wrote an unauthorized
reference letter for a Malaysian who U.S. authorities say is at the
center of one of the world's largest-ever financial scandals.
CANADA EMPLOYMENT CLIMBS IN NOVEMBER
Canada continued to add jobs in November, all of them part-time
and in the services sector, while the unemployment rate fell as
fewer people looked for work.
XEROX NAMES TIME WARNER CABLE VETERAN NEW CFO AFTER SPINOFF
Xerox named Time Warner Cable veteran William Osbourn Jr.
finance chief following the company's split into two publicly
traded companies at the end of the year.
STARBUCKS' SCHULTZ STEPPING DOWN AS CEO TO FOCUS ON HIGHER-END SHOPS
Howard Schultz is stepping down as CEO of Starbucks to lead an
effort at the company to build high-end coffee shops that will
charge as much as $12 a cup, his next attempt to revolutionize the
way Americans consume coffee.
THERANOS INVESTOR RILEY BECHTEL STEPS DOWN FROM BOARD
Theranos said Riley Bechtel, chairman of the construction giant
Bechtel Corp., retired as a director of the embattled blood-testing
startup.
MNUCHIN LEAVES CIT BOARD
Steven Mnuchin, Donald Trump's choice to be the next Treasury
secretary, left the Board of CIT Group Inc. on Friday.
EUROZONE PRODUCER PRICES INDICATE INFLATIONARY PRESSURE
The prices of goods leaving the eurozone's factory gates fell
during October at the slowest annual rate since mid-2013, a fresh
sign that inflationary pressures are gradually returning to the
currency area.
BOE'S HALDANE COMFORTABLE WITH CURRENT STANCE OF MONETARY POLICY
The Bank of England faces "a material risk" of running low on
ammunition if the U.K. economy weakens, the central bank's chief
economist said, adding he is "comfortable with the current stance
of monetary policy, with no bias on the direction of the next move
in interest rates."
SWISS GROWTH MISSES FORECASTS AS TRADE SLIPS
Switzerland's economy stalled in the third quarter, as sluggish
consumption and weak trade kept a lid on economic activity.
TRUMP NAMES GEN. JAMES MATTIS AS PICK FOR DEFENSE SECRETARY
The retired Marine Corps general has been a vocal critic of what
he calls Washington's "strategy-free" approach to warfare and
threats.
ISLAMIC STATE GIRDS TO DEFEND REMOTE SYRIA OUTPOST
As U.S.-backed forces pursue offensives on Islamic State's
remaining major strongholds, the militants brace for a last stand
in Syria's remote Deir Ezzour province.
======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES =======
Heard on the Street
BANKS NEED FIRMER FOOTING TO KEEP MORTGAGES SAFE
The huge variety of capital requirements for mortgages is the
heart of the fight over global rules
Business
TOO MANY RAILCARS, TOO LITTLE FREIGHT
Railcar manufacturers and equipment-leasing companies feasted on
high demand to move coal, oil and other commodities from 2012 until
last year. Then commodity prices crashed and output slumped.
(END) Dow Jones Newswires
December 02, 2016 10:24 ET (15:24 GMT)
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