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Market Update - Cisco, Coca-Cola, Disney and Visa are among bellwethers set to report results amid expectations for market gains to continue; resolution of Europe’s debt crisis is expected to drag on. |
Business NewsCEO of chip maker Micron dies in plane crash
HOUSTON (AP) — Texas financier R. Allen Stanford helped fake profits for his Caribbean bank and funnel millions of depositors' dollars to a secret Swiss bank account used for personal expenses, bribes to regulators and employee bonuses, the man who was in charge of the tycoon's books told jurors Friday.
TORONTO (AP) — Canada's prime minister heads to China next week where he'll discuss Canada's vast oil reserves in a visit that's being viewed as an "open warning" to the United States, which rejected a pipeline from Canada to Texas.
ATHENS, Greece (AP) — "Crucial" issues remain to be resolved in Greece's critical negotiations over a second multibillion euro international bailout, and talks would continue into the weekend, the country's Finance Minister said early Saturday.
COEUR D'ALENE, Idaho (AP) — Some shareholders have sued Hecla Mining Co. for stock losses they endured after the federal government shut down the Lucky Friday Mine for safety violations.
SAN FRANCISCO (AP) — Hewlett-Packard Co. ushered in Meg Whitman as its CEO with a $16.5 million compensation package that hinges on the one-time politician's ability to lift the stumbling technology company's stock price during the next two years.
NEW YORK (AP) — A drop in the unemployment rate to its lowest level in three years propelled the Dow Jones industrial average Friday to its highest close since May 2008, before the financial meltdown later that year.
ALBANY, N.Y. (AP) — New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures while saving banks over $2 billion.
WASHINGTON (AP) — In a long-awaited surge of hiring, companies added 243,000 jobs in January — across the economy, up and down the pay scale and far more than just about anyone expected.
NEW YORK (AP) — A surge in U.S. hiring lifted oil prices for the first time in a week. As more Americans commute to work and the economy picks up, demand for energy is expected to rise.
WASHINGTON (AP) — Legislation that would ban insider trading by lawmakers and thousands of executive branch officials headed for what could be a more contentious debate in the House after sailing through the Senate on a 96-3 vote.
BRUSSELS (AP) — The European Union is bracing for another potential energy crisis in the dead of winter as Russian gas supplies to some member states have suddenly dwindled by up to 30 percent.
BRUSSELS (AP) — The European Union's data protection authorities have asked Google to delay the rollout of its new privacy policy until they have verified that it doesn't break the bloc's data protection laws.
NEW YORK (AP) — Companies hope you'll be gabbing about their Super Bowl ads on Monday morning. But the ultimate score is if those conversations continue throughout the year.
WASHINGTON (AP) — U.S. service companies grew at the fastest pace in 11 months in January as companies started hiring to keep up with rising demand.
WASHINGTON (AP) — Orders to U.S. factories rose in December, supported by a rebound in business investment in capital goods such as heavy machinery.
BERN, Switzerland (AP) — Switzerland's competition commission said Friday it has launched an investigation into possible cartel behavior by a dozen banks including the country's two biggest lenders UBS and Credit Suisse.
WASHINGTON (AP) — The U.S. economy likely produced another solid month of hiring in January, a promising start for 2012. Economists forecast that employers added a net 155,000 jobs last month and that the unemployment rate remained 8.5 percent for a second straight month, according to a survey by Factset.
CHARLESTON, W.Va. (AP) — If there's one lasting cultural change Mine Safety and Health Administration Director Joe Main wants to make in both the federal agency and the industry it regulates, it's ending the cycle of intensity and complacency.
BRUSSELS (AP) — Retail sales in the 17 countries that use the euro unexpectedly fell during the crucial month of December, official figures showed Friday, raising fears of a looming recession in the single currency bloc.
STOCKHOLM (AP) — Swedish truck maker AB Volvo recorded a 46 percent rise in fourth-quarter profits after a surge in sales it described as the best it has seen in more than two decades.
LOS ANGELES (AP) — The integrity of some equipment installed in 2009 at Southern California's San Onofre Unit 2 nuclear plant is drawing concern after unusual wear was found on hundreds of tubes that carry radioactive water.
TOKYO (AP) — Panasonic on Friday nearly doubled its projected net loss for the fiscal year to a record 780 billion yen ($10.2 billion) amid weak TV and mobile phone sales and ongoing restructuring costs after acquiring smaller Sanyo Electronics Co.
BUDAPEST, Hungary (AP) — Hungary's national carrier Malev ceased operations and grounded all its flights Friday in response to an "unsustainable" financial situation.
KUALA LUMPUR, Malaysia (AP) — Malaysian authorities sought Friday to quell protests over its move to approve an Australian mining company's rare earths plant by pledging to appoint an independent monitor to review the project safety and to closely scrutinize its production.
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