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    Energy and energy services companies are raising new leveraged loans and high yield bonds to repay some of their existing revolving credits to match lower borrowing bases, which have been slashed by the drop in oil prices. A borrowing base determines the amount of money that companies can borrow, based on the value of collateral that the company pledges.

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    Apple Inc (AAPL) , the largest U.S. company by market value, will join the storied Dow Jones industrial average , replacing AT&T Inc (T) , in a change that reflects the dominant position of iPhone maker in the U.S. economy and society.

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    Stocks were at session lows by midafternoon Friday as better-than-expected jobs figures increased the likelihood of a rate hike from the Federal Reserve in the near future, according to an economist. Crude oil prices were also pressuring markets even as the U.S. rig count declined for the 13th straight week. All benchmark indexes wiped out weekly gains on Friday.

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    S&P 500 tends to rally, but it can be a bumpy ride. NEW YORK-- It seems increasingly clear that the Federal Reserve's first rate hike since 2006 is now just months away, and that is making investors nervous. Stocks retreated Friday after a much stronger-than-expected rise in nonfarm U.S. payrolls in February.

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    Just for fun, where would the Dow Jones Industrial Average be, if Apple Inc. (AAPL) had replaced AT&T Inc. (T) the day Apple's (AAPL) 7- for-1 stock split went into effect on June 9, 2014? Surprisingly, it wouldn't have made that much of a difference, even though Apple's (AAPL) stock has soared 37% while AT&T's (T) stock has lost 4.5%. Using the current divisor for the price-weighted index, which would certainly have been changed if the swap was actually made, Apple (AAPL) would have added about 222 points to the Dow, while...

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    RIO DE JANEIRO, March 6 (Reuters) - Emerging market currencies weakened sharply on Friday after stronger-than-expected U.S. jobs data stoked fears that U.S. interest rates will soon go up, potentially reducing the allure of high-yielding, risky assets offered by developing nations. Jitters over higher U.S. rates knocked down currencies in emerging Europe, the Middle-East, Africa and Latin America, hitting harder the markets of countries with bigger domestic vulnerabilities such as Brazil and Turkey. The Brazilian real erased earlier gains and slumped 1.5 percent after data showed U.S. nonfarm payrolls rose 295,000 last month, driving the unemployment rate to its lowest since May 2008. The South African rand fell 1.8 percent, while the Turkish lira lost 1.2 percent, also hurt by fear of political interference in monetary policy. "Turkey is facing a confidence crisis that is quickly spilling over into a home-made currency crisis," Bernd Berg, a strategist with Societe Generale in London, wrote in a note to clients, forecasting the lira will hit 2.7 per dollar "over the next weeks." In Latin America, the Mexican peso lost 1.5 percent, followed by the currencies of Chile and Colombia, which slid 0.9 percent and 0.6 percent, respectively. "The entire region is suffering, but the real is particularly vulnerable because of Brazil's fiscal problems," said Pedro Tuesta, a Washington-based economist with 4Cast consultancy. The Brazilian currency has weakened past the psychologically significant level of 3 per dollar this week after a crucial austerity plan sponsored by President Dilma Rousseff suffered a major setback in Congress. Before the U.S. data, however, the real gained about 0.5 percent as some traders speculated the central bank could increase the pace of currency intervention to cushion the inflationary impact of the recent currency depreciation. Earlier on Friday, government data showed Brazil's February inflation hit its fastest pace in nearly 10 years. "The market starts to wonder if there will be more (currency) swaps," said Glauber Romano, a trader with Intercam brokerage in Brazil. He was referring to the derivative contracts regularly auctioned by the central bank as part of its currency intervention program. Key Latin American currencies and stock indexes at 1510 GMT Stock indexes daily % YTD % change change Latest MSCI Emerging Markets 968.97 -0.57 1.91 MSCI LatAm 2466 -2.49 -7.29 Brazil Bovespa 49876.08 -0.97 -0.26 Mexico IPC 43296.78 -0.51 0.35 Chile IPSA 3945.15 -0.2 2.45 Chile IGPA 19216.8 -0.16 1.84 Argentina MerVal 9970.359 0.31 16.22 Colombia IGBC 10044.11 0 -13.67 Peru IGRA 13251.95 -0.18 -10.43 Venezuela IBC 4216.8 4.39 9.28 Currencies daily % YTD % change change Latest Brazil real 3.0550 -1.47 -13.01 Mexico peso 15.426 -1.49 -4.42 Chile peso 626.3 -0.89 -3.18 Colombia peso 2568.99 -0.92 -7.05 Peru sol 3.1 -0.19 -3.90 Argentina peso (interbank) 8.7525 0.00 -2.31 Argentina peso (parallel) 12.75 0.78 9.80 (Reporting by Walter Brandimarte; Editing by W Simon)

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    Shares of Kinross Gold Corp. (KGC) are lower by 6.18% to $2.58 in mid-morning trading on Friday, as the gold sector takes a hit due to the decline in the price of the precious metal, which is down as a result of better than expected U.S. jobs data. Gold for April delivery is slipping by 1.69% to $1,176 per ounce on the COMEX this morning.

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    Canada's trade deficit in January more than doubled to a near-record C$2.45 billion, Statistics Canada said on Friday, amid a slump in oil prices that has crimped the resource-dependent economy. The deficit - considerably wider than the C$1 billion shortfall expected by analysts - was the second highest after the C$2.87 billion recorded in July 2012.

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    NEW YORK-- The timing of Apple Inc.' s move into the Dow Jones Industrial Average is tied to two share splits, S&P Dow Jones Indices said as it announced the move. Visa Inc. (V) will split its shares in four after the close on March 18, the same day that Apple (AAPL) will replace AT&T Inc. (T) in the Dow Jones Industrial Average. "The post-split adjusted lower price of Visa will reduce the weighting of the Information Technology sector in the index," S&P Dow Jones Indices, the unit of McGraw Hill Financial...

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     Stock markets were reacting negatively to another U.S. jobs report that showed strong jobs growth but stagnant wages. The S&P 500 fell 0.3%, the Dow Jones Industrial Average declined 0.43%, and the Nasdaq was flat. The number of jobs the U.S. economy added in February rose sharply to 295,000 jobs from a downwardly revised 239,000 in January, the Labor Department said Friday.

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    opened lower on Friday, after a stronger-than-expected payrolls data and subsequent rises in the dollar and Treasury yields pointed to expectations that rates hikes are coming sooner rather than later. The U.S. economy added 295,000 jobs last month, while the unemployment rate fell to 5.5%. Separately, the trade deficit narrowed by less than expected.

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    U.S. stocks opened lower on Friday, with the S&P 500 on track for a second week of declines, as a strong monthly jobs report heightened expectations the U.S. Federal Reserve could raise interest rates sooner than anticipated.

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    Apple Inc (AAPL), the largest U.S. company by market value, will join the Dow Jones industrial average, replacing AT&T Inc (T), in a change that reflects the dominant position of the iPhone maker in the U.S. economy and society.

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    Big Lots (BIG) shares are climbing, up 2.34% to $48.94, in pre-market trading on Friday following the release of the closeout retailer's fourth quarter earnings results before the opening bell today.The Columbus, OH-based company reported fourth quarter net income of $94.4 million, or $1.76 per diluted share on an adjusted basis on revenue of $1.59 billion.