U.S. Job Gains `Real,' Economy `Fine,' Rupkey Says

Dec. 7 (Bloomberg) -- Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ, talks about the U.S. jobs report released today by the Labor Department. Employment climbed by 146,000 following a revised 138,000 gain in October that was less than initially estimated. The unemployment rate fell to 7.7 percent, the lowest since December 2008, as size of the labor force shrank. (Source: Bloomberg)

BNP Paribas 2Q Net Profit Beats Estimate
54:24 - BNP Paribas SA, France’s largest bank, posted second-quarter profit that was little changed as a surge in bond trading was offset by a drop in equities and low interest rates hampered consumer banking. Net income was 2.56 billion euros ($2.8 billion), up 0.2 percent from a year earlier, the Paris-based bank said in a statement Thursday, That’s above the 2.2 billion-euro average estimate of seven analysts compiled by Bloomberg. The bank recorded pretax gains from exceptional items, including selling its stake in Visa Europe, of 285 million euros, about the same as last year’s level. Chief Financial Officer Lars Machenil discusses earnings with Bloomberg's Caroline Connan.
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