| | | U.S. job growth slows; unemployment rate drops to 4.3 percent | | | WASHINGTON (Reuters) - U.S. job growth slowed in May and employment gains in the prior two months were not as strong as previously reported, suggesting the labor market was losing momentum despite the unemployment rate falling to a 16-year low of 4.3 percent. |
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| | | U.S. May jobs data seen supporting bond market: BlackRock | | | NEW YORK (Reuters) - The U.S. May payrolls report which showed hiring slowed more than forecast would underpin demand for U.S. bonds in the near term, a top bond executive at BlackRock , the world's largest asset manager said on Friday. |
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| | | Dollar tanks on U.S. jobs data; other reports lift stocks | | | NEW YORK (Reuters) - The U.S. dollar fell to seven-month lows on Friday after data showed the U.S. economy created fewer jobs than expected in May but Wall Street equities shrugged off the news to hit new highs and an index of global equity markets also set a record. |
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| | | Akzo responds to PPG approach after takeover battle ends | | | AMSTERDAM (Reuters) - Akzo Nobel, the Dutch paint maker that rejected a 26.3 billion-euro ($29.6 billion) takeover proposal from U.S. rival PPG Industries , has sent PPG a letter shortly after its suitor walked away, detailing its objections to doing a deal. |
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| | | Linde turns to winning over investors to Praxair merger | | | MUNICH (Reuters) - German industrial gases company Linde turned its attention on Friday to winning over investors to its planned $75 billion merger with U.S. peer Praxair , a task that Chairman Wolfgang Reitzle said was not straightforward. |
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