Wall St edges lower after GDP data NEW YORK (Reuters) - Stocks slipped on Friday as data showed the U.S. economy grew less than expected in the fourth quarter, while some disappointing earnings added pressure to the market.
Facebook to file IPO documents soon as Wednesday: report (Reuters) - Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday.
Fitch cuts Italy, Spain, other euro zone ratings NEW YORK (Reuters) - Fitch Ratings on Friday downgraded the sovereign credit ratings for Italy, Spain, Slovenia, Belgium and Cyprus indicating there is a 1-in-2 chance of further downgrades in the next two years.
U.S. growth quickens, but speed bumps ahead WASHINGTON (Reuters) - The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a rebuilding of stocks by businesses and slower business spending warned of weaker growth in early 2012.
Ford hit by commodity costs, international woes (Reuters) - Ford Motor Co reported a lower-than-expected fourth-quarter profit on Friday as commodity costs shot up and results from operations outside North America fell short of expectations.
Chevron profit falls as refineries, output suffer (Reuters) - Chevron Corp reported lower quarterly earnings on Friday, missing Wall Street forecasts, as rising spending on oil and gas projects and losses at its U.S. refinery business offset gains from higher crude oil prices.
Eastman Chemical to buy Solutia for $3.4 billion (Reuters) - Eastman Chemical is buying Solutia Inc , chemicals provider for products from iPads to tires, for about $3.4 billion in cash and stock in a bid to drive its sluggish growth and focus on emerging markets, particularly the Asia-Pacific region.
Geithner presses Europe to increase crisis firewall DAVOS, Switzerland (Reuters) - U.S. Treasury Secretary Timothy Geithner pressed Europe on Friday to boost its bailout fund resources, citing the euro zone debt crisis and oil prices as the two main factors influencing the pace of the United States' economic upturn.
EU, IMF press Greece on reforms, Rehn upbeat on debt ATHENS/DAVOS (Reuters) - The European Union and IMF want Greece to push through more budget cuts and implement a series of long-agreed austerity reforms before they sign off on a new bailout the country needs to avert bankruptcy, a report obtained by Reuters shows.
MF Global ex-risk chief to testify before Congress WASHINGTON (Reuters) - Michael Roseman, the former chief risk officer who is said to have raised red flags about aggressive trading bets at MF Global , will testify before Congress next week, according to a congressional staffer familiar with the matter.
Fitch cuts Italy, Spain, other euro zone ratings NEW YORK (Reuters) - Fitch downgraded the sovereign credit ratings of Belgium, Cyprus, Italy, Slovenia and Spain on Friday, indicating there was a 1-in-2 chance of further cuts in the next two years.
Facebook to file IPO documents soon as Wednesday: report (Reuters) - Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world's largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday.
U.S. growth quickens, but speed bumps ahead WASHINGTON (Reuters) - The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a rebuilding of stocks by businesses and slower business spending warned of weaker growth in early 2012.
Romney puts Gingrich on defensive in Florida debate JACKSONVILLE, Florida (Reuters) - Republican presidential hopeful Mitt Romney took the fight to chief rival Newt Gingrich on Thursday in his most aggressive debate performance yet, five days ahead of Florida's primary vote.
Syria violence kills 37, U.N. Security Council to meet AMMAN (Reuters) - Security forces killed 37 people in Syria on Friday, activists and residents said, as people in Homs mourned 14 members of a family they said were slain by militiamen in one of the worst sectarian attacks in a revolt against President Bashar al-Assad.
Exclusive: Greek PM Papademos expects debt swap deal in days ATHENS (Reuters) - Greece expects to conclude difficult debt talks with private creditors within days and negotiations with the EU and the IMF on a new bailout deal by the middle of next week, Prime Minister Lucas Papademos told Reuters on Friday.
Ford hit by commodity costs, international woes (Reuters) - Ford Motor Co reported a lower-than-expected fourth-quarter profit on Friday as commodity costs shot up and results from operations outside North America fell short of expectations.
U.S. detains Brazil, Canada orange juice for fungicide (Reuters) - U.S. health regulators detained three shipments of Brazilian orange juice and six from Canada that tested positive for the fungicide carbendazim, which is illegal in the United States.
James Murdoch to quit GSK board LONDON (Reuters) - News Corp executive James Murdoch, under pressure from a phone-hacking scandal at the News of the World tabloid, is to quit the board of drug maker GlaxoSmithKline as he spends more time on his new role in the United States.
Chevron profit falls as refineries, output suffer (Reuters) - Chevron Corp reported lower quarterly earnings on Friday, missing Wall Street forecasts, as rising spending on oil and gas projects and losses at its U.S. refinery business offset gains from higher crude oil prices.
Syria violence kills 37, U.N. Security Council to meet AMMAN (Reuters) - Security forces killed 37 people in Syria on Friday, activists and residents said, as people in Homs mourned 14 members of a family they said were slain by militiamen in one of the worst sectarian attacks in a revolt against President Bashar al-Assad.
Costa Cruises offers compensation to rescued passengers ROME (Reuters) - Costa Cruises has offered 11,000 euros ($14,500) in compensation to each of the more than 3,000 passengers aboard its liner that ran aground and capsized two weeks ago, Italian consumer groups said on Friday.
Boko Haram leader tape threatens Nigeria forces KANO, Nigeria (Reuters) - In an audio tape posted on the Internet, the purported leader of the violent Nigerian Islamist sect Boko Haram threatened to kill more security personnel and kidnap their families, and accused U.S. President Barack Obama of waging war on Islam.
Taliban willing to compromise, Afghan negotiators say KABUL (Reuters) - Senior Afghan peace negotiators believe the Taliban are willing to significantly soften past hardline ideologies, with its leaders already laying the ground for possible peace talks in the Gulf state of Qatar.
Kidnapped Norwegian freed in Yemen SANAA (Reuters) - A Norwegian working for the United Nations was freed on Friday, nearly two weeks after being kidnapped in the Yemeni capital Sanaa, the Interior Ministry said.
Iran hits back at EU with own oil embargo threat TEHRAN (Reuters) - Fighting sanctions with sanctions in a trial of strength with the West over its nuclear ambitions, Iran warned on Friday it may halt oil exports to Europe next week in a move calculated to hurt ailing European economies.
Suicide bomber kills 31 in Baghdad attack BAGHDAD (Reuters) - A suicide bomber detonated his explosive-filled taxi near a Shi'ite funeral procession in Baghdad on Friday, killing 31 people and bringing the death toll from violence since an Iraqi political crisis erupted in December to more than 400.
Dutch plan ban on Muslim face veils next year AMSTERDAM (Reuters) - The Dutch minority government plans to ban Muslim face veils such as burqas and other forms of clothing that cover the face from next year.
One million children in Sahel at risk, UNICEF warns GENEVA (Reuters) - More than 1 million children in the Sahel are at risk of severe malnutrition and urgent action is needed to avert starvation akin to that in Somalia, the United Nations Children's Fund (UNICEF) warned on Friday.
S.Sudan sees oil shutdown complete by Saturday NAIROBI/PALOUGE, South Sudan (Reuters) - South Sudan's top negotiator said his country would complete an oil production shutdown by Saturday, after Sudan and South Sudan failed to agree on a deal to end an oil crisis.
Roche Begins Tender Offer for Illumina Roche said on Friday that it had begun its unsolicited tender offer of $44.50 a share in cash for the shares of Illumina.
Davos Potpourri, Day 3: Masters of Creation Despite being misunderstood by sci-fi nerds the world over, the event in Davos - the one in Switzerland - is proceeding at a brisk, impressive clip this week.
Another View: Private Equity Creates Value The vice president of research at the Private Equity Growth Capital Council contends that the research on private equity is exhaustive and conclusive.
BNP Paribas Said to Be Selling $11 Billion of Loans France's largest bank is looking to sell up to $11 billion of loans to oil and gas companies in an effort to reduce its loan book in the United States, according to people briefed on the matter.
Top Central Banker Urges No Delay to Basel III Jaime Caruana, general manager of the Bank for International Settlements, says that he was against extending the phase-in period for new global banking regulations.
Illumina to Review Roche Offer Illumina said on Friday that its board would review Roche's unsolicited $5.7 billion offer.
More Fines in Greenlight Insider Case in Britain Greenlight Capital's former compliance officer and a JPMorgan Cazenove trader were fined in connection with Greenlight's sale of shares in a British pub operator more than two years ago.
Draghi Points to Signs of Stress in Financial System Mario Draghi, the president of the European Central Bank, said Friday at the World Economic Forum in Davos, Switzerland, that action by the central bank had averted a severe credit crunch, but he warned of a "short-term contraction" in the euro zone as governments cut spending.
UniCredit Shareholders to Profit From Rights Offering Shares in the bank have risen 64 percent since Jan. 9 when the firm started a $9.8 billion so-called rights offering, putting UniCredit at the forefront of a recent rally in European banking stocks.
Geithner Offers Upbeat U.S. Outlook, With European Caveat The United States is likely to grow 2 percent to 3 percent this year, Treasury Secretary Timothy F. Geithner said in Davos, Switzerland, unless Europe fails to keep a lid on its chronic sovereign debt crisis or tensions flare with Iran.
Is the 'End of the Euro' Over? Among leaders gathering in Davos, Switzerland, the talk seems to be have shifted away from doomsday forecasts of an imminent euro collapse, reports Jack Ewing of The New York Times. Instead, the debate is focusing on the best way for the euro zone to weather an economic downturn.
Eastman Chemical to Buy Solutia for $3.4 Billion Eastman Chemical said on Friday that it would acquire the specialty chemicals manufacturer Solutia for $3.38 billion, as it looks to expand in emerging markets.
In Perelman Lawsuit, a Fight Over Files Not Deleted At issue is whether Donald Drapkin, who is suing Ronald O. Perelman, violated his separation contract by retaining files and e-mails found on his assistant's laptop.
The Wales Economy Slips, but London Cushions the Fall The British government?s so-called money transfers prop up its poorer regions, keeping them from the kind of collapse suffered in euro zone nations like Greece.
Trichet Nominated To Board Of EADS The long-anticipated management shuffle at EADS preserves the delicate balance of French and German control of the company.
Alcatel-Lucent to Cut 336 Jobs in France A company spokesman described the reductions as ?part of a transformation process that is going on in France to place the business where it needs to be.?
Victory on Antipiracy Issue Buoys Internet Lobby With their success against antipiracy legislation in Congress, the Internet industry and its allies are weighing their future as a political force.
Lockheed?s Earnings Fall; Raytheon?s Rise Each company said it would continue to focus on cutting costs and making programs more affordable while looking to international sales to cushion softness in the United States.
For $2 a Star, a Retailer Gets 5-Star Reviews Agencies like the Federal Trade Commission have been trying to crack down on online product reviews that do not disclose the connection between a merchant and the person doling out the praise.
Victory on Antipiracy Issue Buoys Internet Lobby With their success against antipiracy legislation in Congress, the Internet industry and its allies are weighing their future as a political force.
Clean Energy Projects Face Waning Subsidies Wind and solar companies say they need more government support to be competitive. But in Washington, there?s little enthusiasm for more subsidies.
Drive to Tax Internet Sales Harms Affiliate Marketers Moves by states to collect sales taxes from retailers that use affiliate marketers, which direct Internet traffic to the retailers, are costing marketers heavily.
Alcatel-Lucent to Cut 336 Jobs in France A company spokesman described the reductions as ?part of a transformation process that is going on in France to place the business where it needs to be.?
New Web Piracy Arrest as Site Founder Is Denied Bail An Estonian citizen was arrested at the request of American authorities investigating the file-sharing Web site Megaupload, and its founder was held in jail in New Zealand.
Ericsson Profit Plummets The market leader in wireless networking equipment blamed losses at two joint ventures and the aborted merger of in the United States of AT&T Mobility and T-Mobile.
Riff: The Dilemma of Being a Cyborg Many of the keepsakes we used to hold in our hands now exist as data on digital devices. What happens when the data disappears?
Protecting a Cellphone Against Hackers As cellphones become more like computers, they are attracting hackers who can listen to calls or steal information. But there are ways to bolster a phone?s defenses.
US economic growth rate picks up The pace of US economic growth quickened to a 2.8% annualised rate in the three months to December, the Commerce Department says.
Greece debt talks 'close to deal' Greece could reach a deal with its creditors over the weekend, according to the EU's Economic Commissioner, Olli Rehn.
Spain jobless passes five million Spain's unemployment figure rose above the five million mark in the last quarter of 2011, official figures show.
Tackling inequality 'a priority' Growing inequality should now be the priority for leaders after the economic crisis, senior figures at the World Economic Forum say.
Web economy 'to double by 2016' With half the world online by 2016, the web economy in the G20 countries is set to nearly double in size to $4.2tn (£2.7tn), research suggests.
VIDEO: Tupperware boss gives Davos advice Davos veteran Rick Goings, boss of Tupperware, offers "dos and don'ts" for first-time visitors to the World Economic Forum.
Q&A: World Economic Forum Davos 2012 Once again the rich and powerful congregate in the Swiss mountains for the annual meeting of the World Economic Forum, but does it still have a purpose?
Fitch downgrades Italy and Spain Five eurozone economies, including Italy and Spain, are downgraded by rating agency Fitch, citing financial weakness during the debt crisis.
Carmaker Ford's profits increase US carmaker Ford has reported a surge in profits in 2011, fuelled by a one-off payment and strong sales in its home country.
Top Euro MP quits in piracy row A European Parliament rapporteur has stood down in protest as a controversial anti-piracy agreement is signed by several countries.
BP ordered to share spill damages BP must cover some but not all of oil rig owner Transocean's liabilities for the 2010 oil spill in the Gulf of Mexico, a US judge rules.
Intel buys RealNetworks patents Intel is paying $120m (£76m) for RealNetwork's video patents. Experts say it undermines claims that a "patent bubble" has burst.
Samsung in year end sales boost South Korea's Samsung Electronics announces a 17% rise in profits in the last three months of 2011, as smartphone sales boosted earnings.
Japan's December retail sales up Retail sales in Japan rose in December at their fastest pace in more than a year, official figures show, as consumer spending recovers.
Outrage at RBS boss's bonus deal A £963,000 bonus in shares awarded to Royal Bank of Scotland boss Stephen Hester is strongly criticised by politicians and unions.
Key Greece debt talks to continue Key talks between Athens and its private creditors resume with "some progress" made towards agreeing a deal to reduce Greek debt.
Nokia hit by falling mobile sales Mobile phone giant Nokia reports a loss for the final three months of last year, as sales of mobile devices fell sharply.
US durable goods orders rise 3% Orders for durable goods rose 3% in the US in December, according to official figures from the Commerce Department.
AT&T posts $6.7bn quarterly loss US phone network AT&T reports a $6.7bn (£4.3bn) net loss for the three months to the end of December 2011.
Starbucks sees 10% rise in profit US coffee chain Starbucks posts a 10% rise in net profits for the three months to 1 January 2012, benefiting from new stores and new products.
Arabs warn of Syria 'escalation' The Arab League's monitoring chief warns that Syria has seen an escalation of violence in recent days, as the UN prepares to discuss the crisis.
US economic growth rate picks up The pace of US economic growth quickened to a 2.8% annualised rate in the three months to December, the Commerce Department says.
Olympic ceremony 'Wonder' theme Danny Boyle reveals the London 2012 Olympics opening ceremony will be called Isles of Wonder, in an announcement six months ahead of the Games.
Italian cruise firm offers payout The Italian firm that owns the stricken cruise ship Costa Concordia reaches agreement on compensation with several Italian consumer groups.
Car bomb kills Baghdad mourners A suicide car bomber kills at least 32 people and injures about 60 in a Shia district of the Iraqi capital Baghdad, with a funeral procession caught in the blast.
Romney storms back into the lead Republican presidential candidate Mitt Romney pulls away from his nearest rival Newt Gingrich, with a nine-point advantage in Florida's opinion polls.
Top Euro MP quits in piracy row A European Parliament rapporteur has stood down in protest as a controversial anti-piracy agreement is signed by several countries.
Sudan leaders in oil crisis talks A summit is being held after South Sudan accused Sudan of stealing its oil exports and said it would halt production, crucial to both their economies.
Norway apology for Holocaust role The Norwegian prime minister apologises for the role his country played in deporting Jews as Europe marks Holocaust Remembrance Day.
France to resume Afghan training French troops will resume training Afghan soldiers on Saturday but Paris will pull out most of its troops by the end of 2013, President Nicolas Sarkozy says.
Facebook sues 'spam clickjacker' The social network and Washington State sue a marketing firm over claims that it deceived users by hiding 'Like' buttons.
Asteroid makes near-miss fly-by An 11m-wide asteroid passed within 60,000km of Earth on Friday, making it one of the 20 closest recorded approaches to our planet.
VIDEO: Child's toy launched into space While America is running down its manned space programme - further north - two Canadian students have shown that flying into space does not always have to be rocket science.
VIDEO: One-minute World News Watch the latest news summary from BBC World News. International news updated 24 hours a day.
VIDEO: Facing up to threat of cyberwar Military experts gathered in London this week to discuss the growing threat of cyber-attacks to international security.
VIDEO: Michael Jackson honoured in Hollywood The late Michael Jackson has been honoured at a ceremony in Hollywood attended by his family and a host of celebrities, including Justin Bieber.
VIDEO: What IS this? Find out in Odd Box... The man who shot himself in the head with a nail gun but didn't notice, the BBC reporter enjoying a toy fair way too much and a baby aardvark. It's the week's weird and wonderful video stories in Newsbeat's Odd Box with Dominic Byrne.
Facebook sues 'spam clickjacker' The social network and Washington State sue a marketing firm over claims that it deceived users by hiding 'Like' buttons.
Top Euro MP quits in piracy row A European Parliament rapporteur stands down in protest as a controversial anti-piracy agreement is signed by several countries.
Botnet suspect denies involvement The Russian man accused by Microsoft of being behind the Kelihos botnet attack insists he is "absolutely not guilty".
FBI social network scraping app The FBI asks contractors to suggest a system that can "scrape" information from social networks to build alert maps.
Twitter 'can censor by country' Twitter says it now has the technology to censor tweets on a country by country basis, a move which is criticised by freedom of information campaigners.
Intel buys RealNetworks patents Intel is paying $120m (£76m) for RealNetwork's video patents. Experts say it undermines claims that a "patent bubble" has burst.
Call for illegal site demotion Rights campaigners have criticised plans to ask search engines to demote illegal sites in order to fight piracy.
Web economy 'to double by 2016' With half the world online by 2016, the web economy in the G20 countries is set to nearly double in size to $4.2tn (£2.7tn), research suggests.
Samsung in year end sales boost South Korea's Samsung Electronics announces a 17% rise in profits in the last three months of 2011, as smartphone sales boosted earnings.
Disable software, warns Symantec Symantec advises customers to stop using its pcAnywhere program after stolen source code exposes serious vulnerabilities.
Call for cyberwar 'peacekeepers' Cyber-attack on our digital lives is a growing problem according to the US Army's Cyber Command, which is recruiting "world class cyber warriors".
Ubuntu swaps action menus for HUD Ubuntu's lead developer outlines plans to replace menu controls with a "head-up display" box into which users type commands.
Nokia hit by falling mobile sales Mobile phone giant Nokia reports a loss for the final three months of last year, as sales of mobile devices fell sharply.
Backlash over Google privacy move Critics question whether Google's privacy changes will simplify settings or give users less control.
'Invisibility cloak' breakthrough For the first time researchers achieve the "cloaking" of a three-dimensional object to make it invisible as viewed from any angle.
EU confirms data penalty proposal The European Commission proposes an overhaul of data protection laws, including large fines for firms that breach the rules.
Megaupload boss denied bail in NZ A New Zealand court denies bail to the founder of file-sharing website Megaupload, sought by the US for internet piracy, saying he poses a flight risk.
Italy, Spain downgraded by Fitch Fitch downgraded the sovereign debt ratings Friday of five European countries, with Italy and Spain taking the biggest hit.
The anti-Kodak: Eastman Chemical It is every parents' dream that their children enjoy a better life than they have. I am not sure if that's also true for parent companies and their offspring.
Starbucks CEO Schultz made $65 million Starbucks chief executive officer Howard Schultz was paid more than $65 million in fiscal year 2011, including salary, bonuses and stock options.
Stocks slump after unimpressive U.S. growth U.S. stocks retreated Friday as jittery investors digested a weaker-than-expected economic growth report and as Europe's debt crisis still loomed in the background.
U.S. economy growing faster, but still struggling The United States economy picked up speed at the end of 2011 as businesses substantially built up their inventories and consumers increased their spending.
Millions in SOPA lobbying bucks gone to waste The controversial anti-piracy bills that attracted tens of millions of dollars of lobbying for and against the proposed laws ironically were killed by free publicity.
Ford: Biggest profit since '98 Ford reported its best annual earnings since 1998 on Friday, making 2011 the second most profitable year in the company's 109-year history.
Stocks: Investors unimpressed by U.S. growth U.S. stock futures lost momentum after a weaker-than-expected U.S. economic report, and while Europe's debt crisis still looms in the background.
Giants and Patriots jerseys are tough to find If you're looking for many of your favorite Giants player's jerseys before the big game -- fugetaboutit! And if it's Patriots game garb you want, good luck. It's wicked-hard to find!
What's behind Netflix's 22% spike? Netflix is the highest flying stock on the S&P 500 Thursday, but was its fourth-quarter earnings report enough to justify a 22% run up in the stock?
Portugal under pressure, but default unlikely Portugal has come under heavy pressure in the bond market this week as investors fear the nation could be the next domino to fall in the eurozone debt crisis.
Why is the Fed still so nervous? Some might say that the Federal Reserve is wisely taking a smart, wait-and-see approach regarding the economy. I am not one of those people.
Bernanke to teach class about the Fed Ben Bernanke will step back into the classroom this semester to teach college students about the Federal Reserve.
AT&T outduels Verizon in iPhone AT&T handily beat Verizon in the battle for iPhone customers last quarter, but the company lost $6.7 billion in large part due to its failed merger with T-Mobile.
Nonprofit founders put passions ahead of planning We spoke to five families who face challenges that could keep them from meeting their financial goals. With a few tweaks to their game plan, they can get back on course. Here, Scott Pankratz and Julie Osborn's story -- and the recommended financial fixes.
Managing the family finances: 'Spying was easier' We spoke to five families who face challenges that could keep them from meeting their financial goals. With a few tweaks to their game plan, they can get back on course. Here, the DiSilverios' story -- and the recommended financial fixes.
RIM CEO Heins on Marketing Efforts Jan. 23 (Bloomberg) -- Thorsten Heins, Research In Motion Ltd.'s new chief executive officer, says the maker of the BlackBerry needs to "be constantly communicating" with customers about its products. Heins, who replaced co-Chief Executive Officers Jim Balsillie and Mike Lazaridis, spoke in a video posted by the company. Jon Erlichman reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)
China's 65,000-Ton Secret Warship? Never! The two-decade voyage of the Varyag—from Russian castoff to Macau pleasure palace to China's first aircraft carrier
Pentagon Shift Favors Subs, Bombers The Pentagon’s shift to forces focused on Asia and the Middle East in a budget outlined today may protect from deep cuts U.S. makers of aircraft carriers, submarines, surface-combat vessels, electronic-warfare sensors, drones, long-range bombers and tankers.
MF Global Clients at Risk in Bankruptcy Fight A $700 million dispute between bankruptcy administrators in London and New York threatens the return of money locked in customer accounts
Romney Spotlight Costs Private-Equity Backers Critiques by political opponents portraying buyout managers as corporate looters could curb interest by public pensions in funding investments
Texas Redistricting Dispute Returns to San Antonio Judges The Texas redistricting dispute is back in federal court in San Antonio, where three U.S. judges are seeking a compromise that can help them re-draw voter maps in time to keep the state’s 2012 elections on schedule.
Harvard Joins Groupon Investor to Finance Student Startups Harvard University joined with New Enterprise Associates, the first outside investor in Groupon Inc., to start a seed-stage venture fund for financing student startups and investing on the U.S. East Coast.
Growth Trails Forecasts as Americans Curb Spending: Economy Restrained spending by consumers held growth in the U.S. economy to a 2.8% annual pace in the fourth quarter, slower than economists forecast while still the fastest pace in more than a year.
Stocks Fall, Commodities Pare Gains as U.S. GDP Trails Estimates Stocks fell, while commodities trimmed earlier gains, after the U.S. economy grew less than forecast and earnings trailed estimates at companies including Ford Motor Co. Treasuries and the euro increased.
RIM Shareholder Fairfax Doubles Stake in BlackBerry Maker Fairfax Financial Holdings Ltd., the insurer run by Canadian investor Prem Watsa, doubled its stake in Research In Motion Ltd. in a vote of confidence in the BlackBerry maker after Watsa joined the company’s board.
Romney Assails Gingrich on Tactics, Policy in Florida Debate Mitt Romney assailed Newt Gingrich repeatedly in the final televised Republican presidential debate before Florida’s Jan. 31 primary, putting the former U.S. House speaker on the defensive for his campaign tactics and policies.
B-Schools Recruit More Veterans As federal aid piles up, MBA programs like the experience soldiers bring to the study of corporate leadership
New RIM CEO Won't Revive Shares, Say Analysts The promotion of Thorsten Heins from chief operating officer to chief executive at Research in Motion is viewed on Wall Street as "cosmetic" change
Obama to Link Aid for Colleges to Affordability President Obama is proposing a financial aid overhaul that would tie colleges? eligibility for campus-based aid programs to the institutions? success in improving affordability and value for students.
Israelis See Iran?s Threats of Retaliation as Bluff As Israel?s political and military leaders weigh options to stop Iran?s nuclear program, many are guided by an assessment that an attack is unlikely to set off widespread conflict.
Internet Criticism Pushes China to Act on Pollution Under popular pressure, Chinese officials have begun to track the most pernicious measure of urban air pollution and promise to set new health standards and publish data on air pollution.
For $2 a Star, a Retailer Gets 5-Star Reviews Agencies like the Federal Trade Commission have been trying to crack down on online product reviews that do not disclose the connection between a merchant and the person doling out the praise.
France, Karzai Want Faster NATO Afghanistan Exit After meeting with Afghan leader Hamid Karzai, the French president said the country?s soldiers in Afghanistan will resume their training mission and withdraw by the end of 2013.
Djokovic Edges Murray, Setting Up Final Against Nadal Novak Djokovic overcame his breathing problems and fatigue to beat friend Andy Murray 6-3, 3-6, 6-7 (4), 6-1, 7-5 Friday in a nearly five-hour Australian Open semifinal.
