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Thursday, January 27, 2011 12:00 AM PST

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Today's Business News: Dollar struggles while Asian stocks hit 1-week highs Microsoft set to report lower profit on stale PC growth Fannie, Freddie seek to cut dividend on government stake: report Amazon investors to gauge margin toll in results ProLogis confirms merger talks with AMB Property FTSE up 0.59% at open In State of the Union, Obama Charts a Path Forward Nintendo nine-month net profit tumbles 74 percent Davos expert says hiding less information is best How Obama's agenda could affect personal finances Gov't official says future bailouts not necessary Judge blocks Colo. law affecting online retailers Montana files lawsuit over video late fees Parents of California blast victim sue PG&E Poll: Calif. voters support more taxes for schools Hyundai Motor's 4th-quarter net profit hits record Chat Transcript: Chicago Booth Admissions Dollar struggles while Asian stocks hit 1-week highs Wed, 26 Jan 2011 10:26 pm PST Reuters - The U.S. dollar held near 2-1/2 month lows on Thursday, while commodity prices and Asian stocks rose after U.S. Federal Reserve policymakers voted unanimously to maintain a $600 billion bond-buying plan to fuel an economic recovery. Full Story Top Microsoft set to report lower profit on stale PC growth Wed, 26 Jan 2011 09:51 pm PST Reuters - Microsoft Corp is set to report a dip in earnings on Thursday, a year after the launch of its Windows 7 operating system blew away Wall Street estimates, as sales of personal computers lag expectations and Apple Inc's iPad eats away at the fringes of its core market. Full Story Top Fannie, Freddie seek to cut dividend on government stake: report Wed, 26 Jan 2011 11:34 pm PST Reuters - Mortgage companies Fannie Mae and Freddie Mac have been lobbying the Treasury to accept a lower dividend on the preferred stock issued during the government bail out, the Financial Times said, citing people familiar with the situation. Full Story Top Amazon investors to gauge margin toll in results Wed, 26 Jan 2011 09:43 pm PST Reuters - Amazon.com (AMZN.O) is expected to post impressive fourth quarter sales results on Thursday, fueled by momentum throughout the key holiday season, but Wall Street will be closely watching for clues about profit margins in 2011. Full Story Top ProLogis confirms merger talks with AMB Property Wed, 26 Jan 2011 08:26 pm PST Reuters - U.S. owner of warehouses and distribution centers ProLogis (PLD.N) said late on Wednesday it is in merger talks with rival AMB Property Corp (AMB.N). Full Story Top FTSE up 0.59% at open Wed, 26 Jan 2011 12:45 am PST AFP - Stocks climbed at the start of trading on Wednesday, with London's FTSE 100 index of leading shares up 0.59 percent to 5,952.91 points. Full Story Top In State of the Union, Obama Charts a Path Forward Wed, 26 Jan 2011 04:10 pm PST Time.com - In his second State of the Union, buoyed by recent legislative successes, his successful speech in Tucson and a brightening economic forecast, President Obama began charting a path forward Full Story Top Nintendo nine-month net profit tumbles 74 percent Wed, 26 Jan 2011 11:44 pm PST AP - Nintendo's nine-month profit tumbled 74 percent as weaker sales of the Wii console and a strong yen battered its bottomline. Full Story Top Davos expert says hiding less information is best Wed, 26 Jan 2011 04:13 pm PST AP - What are the lessons of WikiLeaks? The secret-spilling site has been the subject of debate at the World Economic Forum, and one respected historian on Wednesday urged businesses and governments to think hard about what information really needs to be protected, and then protect it better. Full Story Top How Obama's agenda could affect personal finances Wed, 26 Jan 2011 05:44 pm PST AP - President Barack Obama laid out an agenda for the second half of his term in Tuesday nights State of the Union address. He hit several broad themes including, curtailing government spending, revising the tax code, and promoting clean energy and education initiatives. Full Story Top Gov't official says future bailouts not necessary Wed, 26 Jan 2011 10:40 am PST AP - A Treasury Department official said Wednesday that the financial regulatory law enacted last summer will help the government avoid future bailouts, deflecting criticism that those risks have grown since the financial crisis. Full Story Top Judge blocks Colo. law affecting online retailers Wed, 26 Jan 2011 04:58 pm PST AP - A federal judge has granted a request to block a Colorado law affecting larger out-of-state, online retailers. Full Story Top Montana files lawsuit over video late fees Wed, 26 Jan 2011 04:31 pm PST AP - People who didn't return movies to Hollywood Video and Movie Gallery before they closed their doors for good last year may run into credit trouble when looking to take out a mortgage or finance a car. Full Story Top Parents of California blast victim sue PG&E Wed, 26 Jan 2011 06:19 pm PST AP - The parents of a 20-year-old woman who was one of eight people killed in a Northern California gas line explosion are suing the pipe's owner for negligence and wrongful death. Full Story Top Poll: Calif. voters support more taxes for schools Wed, 26 Jan 2011 10:52 pm PST AP - A majority of California voters agree with Gov. Jerry Brown's approach to closing the state's $25.4 billion budget deficit over the next year and a half, including his plan to hold a special election to extend temporary sales, vehicle and income taxes, according to a poll released Wednesday. Full Story Top Hyundai Motor's 4th-quarter net profit hits record Wed, 26 Jan 2011 11:35 pm PST AP - Hyundai Motor's net profit jumped 48 percent in the fourth quarter to a record high as the automaker reaped gains from strong overseas sales. Full Story Top Chat Transcript: Chicago Booth Admissions Tue, 25 Jan 2011 05:08 am PST BusinessWeek - The No. 1-ranked University of Chicago Booth School of Business (Booth Full-Time MBA Profile) is known for producing number crunchers.Students want you to know that there's more to learn at Booth than that, wrote Lauren Polo (screen name: LaurenPolo), a second-year MBA student, during a live chat event in which she and Kurt Ahlm (screen name: KurtAhlm), senior director of admissions at Booth, fielded questions from an audience of prospective students and Bloomberg Businessweek reporter Francesca Di Meglio (screen name: FrancescaBW). ... Full Story Top

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