Ex-prosecutor Mary Jo White to head SEC
President Obama picked Mary Jo White former Manhattan U.S. attorney to lead the Securities and Exchange Commission the first woman to hold the post in the agency history White known for prosecuting white collar crime and high profile terrorism cases if confirmed she would shift the SEC from settling to pursuing major individuals at banks and firms.
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Layoffs ease as job gains look uncertain
U S employers cut fewer workers and first time unemployment claims fall to 330,000 a week. Hiring remains modest with health care, hospitality and retail adding workers but overall growth under 2 percent amid political uncertainty and delayed budget actions.
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Netflix stock soars 42 percent on strong earnings
Netflix posts a 42 percent jump to a close of 146.86 after a fourth quarter earnings beat. Investors cheer accelerated growth in Internet video as Carl Icahn had built a multimillion stake earlier this year, while Disney licensing deal in 2016 fuels optimism about streaming.
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