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3XSQ: No 'Labor' pains; Coffee competition

Friday, March 09, 2012 - 04:21

Mar. 9 - Employers in the U.S. added 227,000 positions in February, above a Reuters forecast, and Starbucks announces plans to make its own single-cup coffee maker to compete with Green Mountain.

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Next more improvement in the US employment picture and fit inside. Think that a concert like no other a bit later. Welcome to three Times Square from writers -- headquarters in New York City. Mark as for president Obama's reelection campaign that jobs picture continues to improve. It -- adding 227000. Positions in February which was above the forecast of economists. In our Reuters poll and that's our daily digit it is the third straight month of solid gains. The already strong numbers from January and December will provide higher. Unemployment rate held steady. May focus on the fact that the pace of improvement is slow to absorb the 23 and a half million Americans who are either out of work. Or under imply. Hedge fund manager David Einhorn a Green light Capital has got to be smiling this morning. I lord made a big short spent last year on Green Mountain Coffee Roasters. Which he doesn't like for several reasons now Starbucks has announced plans to make its -- single cup coffee maker to compete with Green mountain. Shares nose diving on the news or off double digits already. Banker pay taking a hit in 2011. But at least one bank prodigious fine. Citigroup CEO Vikram Pandit our power player of the day. He took common nearly fifteen million dollars salary last year even at Citi stock plunged 44%. He didn't turn the bank profitability though. And it's personal bank account last look a lot better than it did 2010. That year he only got paid one dollar. If you're relieved after -- -- -- is not all of the private holders of the debt to agree to a bond swap our -- -- joins us from London. Axles drive in the markets today. Yeah it is run average those are getting a -- payrolls not a payroll numbers but that that be pretty much flat it despite degree views. As you said -- -- sentences increase for the onslaught that's gonna clear the way for new bailout questioning his -- -- can we turn the page on this now. Ryan out of a lot of confusion coming from politicians French president Sarkozy is just -- -- problem is solved. On the pages turning. About ten minutes later Japanese finance minister said them it's gonna be a mistake to think the Greek crisis is solved. One of the markets angle that sharply they sharply bog down the value of new Greek bonds to be issued after the credits it's about reflects the risk. A paralysis ought to -- elections. -- so on another topic Rupert Murdoch's UK business could be. In even more trouble is that possible this point. Yeah I made it that it really really believe it is the way to describe this this this business now the question of being lost Rhonda by the you can to UK Telecom regulates out. Is B -- B which is the TV part of Rupert Murdoch's UK media business a fit and proper I would not have a broke -- license this investigations looking into the stages of James. Reports on who still -- of -- got beat despite stepping down after news international. And News Corp. itself which holds a 39% stake -- -- got. -- com rules against buying the Republican threatened changes positions. What could that result in news or having to touted stats like 8000 dollar get Rhonda. All right -- always interesting over there across the pond have a good weekend. And finally the putts sensation playing to sold out -- that. Isn't even real. Fifth computer generated stars sold 101000 tickets for concert in Tokyo. Can't even came to the concert roughed up as her they shout out about 76 bucks a ticket for this honor. -- music made by her voice synthesizing program is near that hop. Of the Japanese pop charts. And that's the latest from three times where this Friday I'm Rhonda schaffler business writers.

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3XSQ: No 'Labor' pains; Coffee competition

Friday, March 09, 2012 - 04:21