Business Today: Stock futures climb ahead of February's jobs report

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Good Morning Bit, FRI 05 Mar 2010    Stock futures climb ahead of February's jobs report Feb payrolls fall 36,000, weather impact unclear Toyota: no evidence of throttle failure in fixed cars Fewer discounts help U.S. stores weather February snow Iceland gets some rare upbeat news on eve of vote Fed's Bullard impatient about Fed rate pledge China eyes 11 percent industrial output growth this year BP CEO pay soars as profits dive Oil rises towards $81; China signals stimulus Citi's Pandit blesses reforms amid watchdog doubts Iceland set to vote on payback deal China plans social spending boost Car makers flaunt green credentials Stock futures climb ahead of February's jobs report March 05, 2010 08:17 AM ET NEW YORK (Reuters) - Stock index futures rose on Friday as investors appeared ready to welcome any sign of fewer job losses in impending payroll data as improvement in the economy and dismiss any weakness as temporary. Full Article Feb payrolls fall 36,000, weather impact unclear March 05, 2010 08:37 AM ET WASHINGTON (Reuters) - U.S. employers cut a smaller than expected 36,000 jobs in February, leaving the unemployment rate unchanged at 9.7 percent, according to a government report on Friday which said it was unclear how severe weather had impacted payrolls. Full Article Toyota: no evidence of throttle failure in fixed cars March 05, 2010 04:04 AM ET TOYOTA CITY, Japan (Reuters) - Toyota Motor Corp said a partial review of complaints of unintended acceleration after vehicles were repaired had found no evidence of failure in the electronic throttle system or the fixes. Full Article Fewer discounts help U.S. stores weather February snow March 04, 2010 07:44 PM ET CHICAGO (Reuters) - U.S. retailers posted their best monthly sales performance since just before the recession started in 2007, as lean inventories meant they did not need to resort to steep discounts. Full Article Iceland gets some rare upbeat news on eve of vote March 05, 2010 08:04 AM ET REYKJAVIK (Reuters) - Iceland's economy grew briskly in the latest quarter, its best performance since the country's financial system nearly collapsed in 2008 and a rare dose of positive news ahead of a referendum over foreign debts. Full Article Fed's Bullard impatient about Fed rate pledge March 04, 2010 07:42 PM ET St. CLOUD, Minnesota (Reuters) - A second senior Federal Reserve official on Thursday joined the ranks of those doubting whether the Fed should continue to commit to hold rates exceptionally low for an extended period, a sign pressures are building to drop the wording. Full Article China eyes 11 percent industrial output growth this year March 04, 2010 10:41 PM ET BEIJING (Reuters) - China must have 11 percent industrial output growth this year to achieve its GDP target of 8 percent, Minister of Industry and Information Technology Li Yizhong said on Friday. Full Article BP CEO pay soars as profits dive March 05, 2010 05:56 AM ET LONDON (Reuters) - The chief executive of Europe's largest oil company by production, BP Plc, enjoyed a 41 percent rise in total pay in 2009, even though profits dropped 45 percent. Full Article Oil rises towards $81; China signals stimulus March 05, 2010 08:08 AM ET LONDON (Reuters) - Crude climbed toward $81 a barrel on Friday, approaching a seven-week high, after signals China will maintain its economic stimulus measures boosted hopes strong growth will help drain excess oil supplies. Full Article Citi's Pandit blesses reforms amid watchdog doubts March 04, 2010 03:43 PM ET WASHINGTON (Reuters) - Citigroup Inc Chief Executive Vikram Pandit on Thursday voiced support for key Obama administration financial reform goals, including a consumer protection authority, but government watchdogs questioned his earnestness. Full Article

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