Daily News Digest: Business News

Yahoo! Alerts

Yahoo! News | My Alerts | Edit Alert

Friday, January 28, 2011 12:01 AM PST

Sponsored Link Special Offer - Free Trial of Blockbuster.com Rent Movies from Blockbuster.com. Delivered Direct To Your Mailbox. Click here to start today. www.Blockbuster.com

Today's Business News: Asian stocks slide as profit takers emerge Consumer spending seen helping quarterly growth U.S. and Japan told time running out to deal with debt Ford seen making highest annual profit since 2000 Microsoft's Windows disappoints on lukewarm PC sales Summary Box: Eaton 4Q profit up 33 percent Samsung's 4th-quarter net profit rises 13 percent A defender of austerity makes case for UK at Davos Obama won't renominate Smith housing regulator: White House U.S., Japan told time running out to deal with debt Amazon margins squeezed by costs, shares plunge Summary Box: Pending home sales rise in December Oil below $86 amid weak indicators, earnings China's first property taxes kick in Japan's Nissan, Mazda expand supply pact Chat Transcript: Chicago Booth Admissions Asian stocks slide as profit takers emerge Thu, 27 Jan 2011 10:46 pm PST Reuters - Asian stocks fell on Friday in a broad wave of profit-taking, giving up much of this week's gains, while a ratings cut gave investors an excuse to reduce their Japanese share holdings. Full Story Top Consumer spending seen helping quarterly growth Thu, 27 Jan 2011 10:24 pm PST Reuters - The U.S. economy probably gathered speed in the fourth quarter, with the biggest gain in consumer spending in four years offering the clearest signal yet that a sustainable recovery is under way. Full Story Top U.S. and Japan told time running out to deal with debt Thu, 27 Jan 2011 11:02 pm PST Reuters - Japan and the United States faced new pressure to confront their swollen budget deficits as the IMF and rating agencies demanded more evidence they can bring their public debts under control. Full Story Top Ford seen making highest annual profit since 2000 Thu, 27 Jan 2011 09:14 pm PST Reuters - Ford Motor Co (F.N) is expected to post its biggest annual profit in a decade on Friday, after lowering operating costs and increasing sales to make it No. 2 in the U.S. market. Full Story Top Microsoft's Windows disappoints on lukewarm PC sales Thu, 27 Jan 2011 10:58 pm PST Reuters - Sales of Microsoft Corp's Windows software fell short of outsized expectations, rekindling fears that the spread of mobile gadgets will erode its main PC-focused business. Full Story Top Wed, 26 Jan 2011 07:15 am PST AP - Dow Jones industrial average trades above 12,000 points. Full Story Top Summary Box: Eaton 4Q profit up 33 percent Thu, 27 Jan 2011 01:07 pm PST AP - PROFITS SOAR: Fourth-quarter net income for Eaton Corp. surged 33 percent, as sales rose 17 percent with a rising global economy. Full Story Top Samsung's 4th-quarter net profit rises 13 percent Thu, 27 Jan 2011 11:04 pm PST AP - Samsung Electronics, the world's largest manufacturer of computer memory chips and flat screen televisions, said net profit rose 13 percent in the fourth quarter amid higher sales of semiconductors and smartphones as the technology giant rounded out a record year for earnings and revenue. Full Story Top A defender of austerity makes case for UK at Davos Thu, 27 Jan 2011 11:55 pm PST AP - In a nod to the post-crisis atmosphere, British Prime Minister David Cameron will tell the World Economic Forum that his country's austerity measures are starting to bear fruit while U.S. Treasury Secretary Timothy Geithner will look at his country's priorities for improving its own economy. Full Story Top Obama won't renominate Smith housing regulator: White House Thu, 27 Jan 2011 03:32 pm PST Reuters - President Barack Obama will not renominate Joseph Smith to oversee mortgage finance giants Fannie Mae and Freddie Mac, the White House said on Thursday. Full Story Top U.S., Japan told time running out to deal with debt Thu, 27 Jan 2011 11:16 pm PST Reuters - Japan and the United States faced new pressure to confront their swollen budget deficits as the IMF and rating agencies demanded more evidence they can bring their public debts under control. Full Story Top Amazon margins squeezed by costs, shares plunge Thu, 27 Jan 2011 04:28 pm PST Reuters - Amazon.com investors got a wake-up call on Thursday when the world's biggest online retailer said its profit margins were sliding as it spends money on massive new distribution centers and acquisitions. Full Story Top Summary Box: Pending home sales rise in December Thu, 27 Jan 2011 11:46 am PST AP - PENDING SALES: The number of people who signed contracts to buy previously owned homes rose 2 percent in December, the fifth increase in the past six months. Full Story Top Oil below $86 amid weak indicators, earnings Thu, 27 Jan 2011 10:28 pm PST AP - Oil prices hovered below $86 a barrel Friday in Asia, dragged lower by weak economic and earnings news. Full Story Top China's first property taxes kick in Thu, 27 Jan 2011 11:08 pm PST AFP - China's long-awaited first property taxes took effect on Friday in Shanghai and the mega-city of Chongqing in the southwest, as the country tries to reform its booming real estate market. Full Story Top Japan's Nissan, Mazda expand supply pact Thu, 27 Jan 2011 10:03 pm PST AFP - Japanese carmaker Mazda Motor agreed on Friday to supply minivans to its domestic rival Nissan Motor, expanding their mutual supply accord, the two companies said. 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

You received this email because you subscribed to Yahoo! Alerts. Use this link to unsubscribe from this alert. To change your communications preferences for other Yahoo! business lines, please visit your Marketing Preferences. To learn more about Yahoo!'s use of personal information, including the use of web beacons in HTML-based email, please read our Privacy Policy. Yahoo! is located at 701 First Avenue, Sunnyvale, CA 94089.