U.S. hiring surges as October adds 271000 jobs
U.S. payrolls jumped 271000 in October with unemployment at 5.0 percent the lowest since 2008. Wages rose 9 cents to 25.20 an hour, while expectations for a December Fed rate increase grew amid strong consumer spending and job gains across sectors including retail and healthcare.
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Ex BP engineer pleads guilty in Gulf spill probe
Former BP engineer Kurt Mix pleaded guilty to damaging a protected computer by deleting texts amid the Deepwater Horizon spill probe. A misdemeanor obstruction charge was dropped. Mix received six months probation and avoided prison.
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Stocks end week mixed over likely Fed rate hike
U.S. stock futures closed with gains and losses as the October jobs report suggested higher interest rates may come as soon as December. Weaker dividend stocks fell while banks led gains with JP Morgan Chase Bank of America and Morgan Stanley rising. The Dow rose 46.90 to 17910.33, S&P 500 dipped, Nasdaq rose, and bonds fell as investors trimmed Treasuries.
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