September rebound for U.S. nonfarm payrolls, up 110,000

11:50 am ET Oct 5, 2007

DJIA

14,072

+97.88

S&P

1,555

+12.32

NASDAQ

2,771

+38.19

10Yr

4.65%

+0.125

September rebound for U.S. nonfarm payrolls, up 110,000

WASHINGTON
The U.S. unemployment rate rose to 4.7% in September, the Labor
Department reported Friday, but government data showed job growth was
stronger than expected over the past three months, putting further
interest-rate cuts by the Federal Reserve in jeopardy.

U.S. stocks score opening gains after jobs report

NEW YORK
U.S. stocks marched higher Friday after the much-awaited employment
report offered as-expected growth in September and a surprise upward
revision to the prior month's count, calming worries about the economy.

Merrill Lynch to write down nearly $5.5 billion against results

NEW YORK
Merrill Lynch & Co. became the latest casualty of the credit crisis on
Friday warning that it will write down nearly $5.5 billion when it
announces third-quarter financial results.

Barclays admits defeat in battle for ABN Amro

LONDON
The biggest banking deal in history was all but wrapped up Friday when
Barclays withdrew its offer for ABN Amro, leaving Royal Bank of Scotland
and its partners to claim victory with a $101 billion bid.