Top 10 News Items for 01/28 - 02/01: Jobs Added in January; U.S. GDP Sags; RIM is 'BlackBerry'

February 1, 2013 4:42 PM EST Send to a Friend
1. The U.S. added 157,000 nonfarm payrolls in January, from 196,000 in December and expectations calling for a reading of 165,000 additions. The largest jobs sector gains took place in retail, construction, and healthcare, while manufacturing was flat. For more on the data, click here.

2. Advanced U.S. GDP readings for fourth-quarter 2012 came in much lower than expectations as exports, federal spending, and private inventory investment all turned lower. Data out of the Bureau of Economic Analysis on Thursday showed that Q4 GDP fell 0.1 percent, compared to a gain of 3.1 percent in the prior quarter and estimates calling for improvement of 1.0 percent. Click here for more color.

3. BlackBerry (Nasdaq: RIMM)(Nasdaq: BBRY) had a pretty eventful week. The company -- formerly known as Research In Motion -- changed its name to 'BlackBerry' on the same day it debuted its new BlackBerry 10 operating system. For more on the operating system, click here.

4. Facebook (Nasdaq: FB) and Yahoo! (Nasdaq: YHOO) were two of the more notable names reporting earnings this week. Both ended the week lower amid decent reports, as analysts and investor closely scrutinized search and mobile metrics on both companies. For a summary of Facebook's numbers, click here. For Yahoo!, click here.

5. Anheuser-Busch InBev's (NYSE: BUD) plan to acquire the rest of Grupo Modelo in its $20 billion deal was put on holding following the U.S. filing a complaint to block the deal. Shares slid Thursday on the news, but recovery gains throughout the day and into Friday. For more color, click here.

6. Wednesday night saw Chesapeake Energy (NYSE: CHK) founder and CEO Aubrey McClendon announce his retirement. Though no successor was named, shares got a boost as investors finally breathed a sigh of relief. Earlier in the year, McClendon was under scrutiny for misappropriating funds and abusing corporate privileges. For more color on the release, click here.

7. Pfizer's (NYSE: PFE) animal unit Zoetis (NYSE: ZTS) held its IPO on Friday (though pricing was completed late Thursday). After pricing above its expected range, Zoetis closed up over 19 percent to $31.01, raising about $2.7 billion in the effort. For all current news on the IPO, click here.

8. The biggest M&A deal of the week was Kinder Morgan's (NYSE: KMP) move to buy Copano Energy, L.L.C. (NASDAQ: CPNO) for $5 billion, including debt. The transaction will be a 100 percent unit for unit transaction with an exchange ratio of .4563 KMP units per Copano unit. For more on the deal, click here.

9. Friday's ISM report showed January manufacturing in the U.S. expanded, with a PMI index reading of 53.1 percent, well above the 50 mark that signals expansion. All five PMI components - new orders, production, employment, supplier deliveries and inventories – registered readings above 50 percent. Click here for more on the numbers.

10. The Dow Jones Industrial Average reached the 14,000 milestone again Friday for the first time since 2007. The Dow closed at 14,009.79, the first time since October 12, 2007.


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