UNITED STATES

Private employers shed fewer jobs in February

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Jobs shed by U.S. private employers in February dropped from the prior month, while U.S. firms' planned layoffs fell to the lowest since 2006, suggesting the job market may be starting to recover.
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Stocks edge up after ADP jobs data

U.S. stocks edged higher at the open on Wednesday after a report showed private employers cut fewer jobs in February, adding to optimism ahead of a critical employment report later in the week.
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Job cuts fall in February to lowest since 2006

The number of planned layoffs at U.S. firms fell in February to the lowest level since 2006, and employers appear to have shifted away from downsizing even though hiring may be a while off, a report on Wednesday showed.
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Stocks set for higher open after ADP jobs data

U.S. stock index futures pointed to a higher open on Wednesday as a report showed private employers cut fewer jobs in February, adding to optimism ahead of a critical employment report later in the week.
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Euro rises vs dollar after Greek austerity plans

The euro rose against the U.S. dollar on Wednesday after the Greek government endorsed a 4.8 billion euro austerity package, boosting hopes the heavily indebted country would get help from the European Union. The euro gained roughly half a U.S. cent after a government source told Reuters the Greek cabinet decided on the plan, which included a rise in value added tax to 21 percent and a cut in public sector salary bonuses by 30 percent.
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Fewer sellers cut home prices in Feb: Zillow

The percentage of U.S. home sellers who cut their asking price declined again in February and sellers made slightly smaller reductions in prices, real estate website Zillow.com said on Wednesday.
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Greece steps help euro, push debt premium down

The euro rose against the dollar and Greek borrowing costs fell to their lowest level since mid-February as Greece's cabinet approved new steps to fight a budget deficit, seen as key to secure EU fiscal support. European shares, however, were flat as traders said most of the news had been priced in and ahead of U.S. jobs data, though world stocks gained, on track to gain for the fourth consecutive day and near their five-week high.
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Mortgage rate drop below 5 percent stirs demand

U.S. mortgage rates retreated below 5 percent last week, propping demand for home loans after purchase applications sank to a nearly 13-year low the prior week, Mortgage Bankers Association data showed on Wednesday.
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Homebuyers' negotiating power rises: Zillow

Homebuyers in much of the United States paid thousands of dollars below asking prices in January, and gained negotiating power for a second straight month, real estate website Zillow.com said on Wednesday.
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Anti-Washington message propels Perry in Texas

Conservative incumbent Rick Perry rode strong anti-Washington rhetoric to a victory over a sitting U.S. senator for the Texas Republican gubernatorial nomination in a race that could be a model in this year's crucial U.S. mid-term congressional elections.
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Nissan to recall 540,000 vehicles globally

Nissan Motor Co, Japan's third-biggest car maker, said it will recall about 540,000 vehicles worldwide due to potential defects in brake pedal pins and fuel-gauge components, mostly in the United States.
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Skype gets into Nokia smartphones

Internet telephony firm Skype took a second major leap into the wireless market in just a few weeks, unveiling software from top phone maker Nokia Oyj which could run on more than 200 million smartphones around the world.
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Costco posts higher profit

Costco Wholesale Corp on Wednesday reported a higher quarterly profit for its holiday quarter, helped by more shoppers coming into its stores and improved sales of discretionary items, like home decor and clothes.

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