The high-profile jobs report was mixed, with 163,000 new jobs being added (better than expected) while the unemployment rate edged up to a worse-than-expected 8.3%. Fortunately for the bulls -- at least for now -- stocks are reacting to the first half of this announcement and are pointed higher. Meanwhile, these are some stocks to watch during Friday's session:

• Earnings news: The Procter & Gamble Company (NYSE:PG) announced a 45% surge in fourth-quarter earnings, largely due to selling its snacks business. The news wasn't all good, as the consumer-products giant lowered its current-quarter outlook below analysts' estimates (MarketWatch); American International Group, Inc. (NYSE:AIG) reported a strong surge in operating income and quarterly earnings that more than doubled analysts' expectations (CNBC); Eat your heart out, Zuckerberg. LinkedIn Corporation (NYSE:LNKD) said sales for the second quarter nearly doubled, topping expectations. The company also upped its full-year revenue guidance by $25 million (CNNMoney); Toyota Motor Corporation (ADR) (NYSE:TM) booked its largest quarterly profit in four years, spurring the automaker to boost its global sales projection for the current year. Results were better than analysts were expecting (Reuters); Kraft Foods Inc (NYSE:KFT) second-quarter profit edged up to 68 cents per share, topping analysts expectations, although revenue fell short of the mark. (MSNBC)


• Kraft will also be spinning off its snacks and grocery division into a separate company -- Kraft Foods Group, Inc. -- effective October 1. The new entity will trade under the ticker "KRFT" and the existing company will change its name to Mondelez International, Inc, with the ticker symbol "MDLZ." (NASDAQ)


• A calamitous $440 million trading gaffe spurred a more-than 60% drop in Knight Capital Group Inc. (NYSE:KCG) shares yesterday, leading analysts to question the trading firm's future. Knight executives are now hoping to secure an emergency loan or a buyout offer. Barring that, reports indicate company CEO is considering a reorganization of the firm via a bankruptcy filing. (FOX Business)


• United Continental Holdings Inc (NYSE:UAL) has reached a tentative agreement with the Air Line Pilots Association union over a new labor contract. The agreement still needs official approval from union leadership and the 11,000 represented pilots, but it has been accepted in principle. (The Wall Street Journal)


• The Boeing Company (NYSE:BA) – along with two other aerospace firms -- will collectively earn up to $1 billion in government funding to work on "space taxis," or manned spacecraft to replace the former shuttles. (USA Today)


• An Arizona State University PhD student suffering with cancer tweeted the CEO of Aetna Inc. (NYSE:AET) and was told "every last penny" of his mounting medical bills would be covered. In fact, the CEO noted on the social-media site, "The system is broken, and I am committed to fixing it." (Gawker)