Latest Business News: Stocks Rise as Investors Parse Jobs Report

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Latest Business News: Stocks Rise as Investors Parse Jobs Report

by Wochit 0:57 mins

Latest Business News: Stocks Rise as Investors Parse Jobs Report

by Wochit 0:57 mins

Investors didn't know what to make of the jobs report: They were cheered by a big uptick in hiring but worried that the good news will spur the Federal Reserve to scale back its economic stimulus. Shares of Dell Incorporated fell more than 3 percent, as investors grew skeptical that founder Michael Dell and Silver Lake Partners will raise their $24.4 billion buyout bid in order to overcome growing opposition. Ratings agency Moody's has placed Royal Bank of Scotland's credit ratings on review for downgrade after Britain's finance ministry said it was considering breaking up the bank. The government, which holds an 81 percent stake, has appointed Rothschild to examine whether to transfer RBS's remaining toxic loans into a so-called 'bad bank' leaving the 'good bank' better placed to lend.

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