U.S. data and M&A lifts stocks
Thu, 3 Feb 2011 11:01 pm PST
 Reuters - Japanese shares rose on Friday, lifted by news of a mega merger in the steel sector, while a rebounding dollar put a slight dent in a commodities rally that saw copper hit a record $10,000 a tonne in the previous session. Full Story | Top |
Volvo profit lags as output hike hits snag
Thu, 3 Feb 2011 11:55 pm PST
Reuters - World number two truck maker Volvo (VOLVb.ST) posted a smaller-than-expected rise in fourth-quarter earnings on Friday, hit by problems as output was ramped up to meet a strong rise in demand. Full Story | Top |
JPMorgan ignored suspicions about Madoff: lawsuit
Thu, 3 Feb 2011 02:29 pm PST
 Reuters - JPMorgan Chase & Co (JPM.N) executives stood by silently as their client Bernard Madoff ran his epic Ponzi scheme, hoping to protect the bank's investments and continue doing business with him, a newly released $6.4 billion lawsuit claims. Full Story | Top |
Summary Box: Service sector growth accelerates
Thu, 3 Feb 2011 01:20 pm PST
AP - SERVICE FIRMS ACCELERATE: The service sector expanded at the fastest pace in more than 5 years, according to the Institute for Supply Management. The private trade group's report covers sectors that employ 90 percent of U.S. workers, including retail, health care and financial services. Full Story | Top |
EU leaders wrangle over debt crisis measures
Thu, 3 Feb 2011 04:26 pm PST
AP - The sense of panic over the fate of the euro and the 17-country currency union's weakest members has eased on financial markets, for the moment. But pressure on European leaders to finally get a grip on the continent's debt crisis has never been higher. Full Story | Top |
3 Mergers That Just Make Sense
Thu, 3 Feb 2011 02:04 pm PST
The Motley Fool - As outsiders, we never really know when mergers and acquisitions will take place. Betting on a takeover can often lead to financial ruin. But that doesn't mean we can't talk about some takeovers that would make a lot of sense, even if they never happen. Here are three buyouts I think should happen sooner rather than later. Full Story | Top |
UBS execs press for larger 2010 bonus pool: report
Thu, 3 Feb 2011 07:11 pm PST
Reuters - Executives at UBS AG (UBSN.VX) are concerned that pending bonuses will be inadequate to retain top talent at the Swiss bank, one of the hardest hit during the financial crisis, the Wall Street Journal reported on Thursday. Full Story | Top |
Thousands in NM without natural gas service
Thu, 3 Feb 2011 11:53 pm PST
 AP - With tens of thousands of people across New Mexico without natural gas service, Gov. Susana Martinez on Thursday declared a state of emergency, ordered government offices be shut down Friday and urged schools to "strongly consider" remaining closed for the day. Full Story | Top |
China property taxes a stab at dousing inflation
Thu, 3 Feb 2011 11:19 pm PST
 AP - China's latest maneuver in its war on inflation — new property taxes for two of its biggest cities — looks likely to have little impact on wider price pressures or on the flood of investment that some here fear is feeding a potentially destabilizing bubble. Full Story | Top |
On Semi profit, sales beat views
Thu, 3 Feb 2011 03:53 pm PST
Investor's Business Daily - The chipmaker said Q4 EPS rose 16% to 22 cents, topping projections by a penny. Helped by strong demand from automakers for its audio and power management chips, sales grew 17% to $579.2 mil, also beating views. On Semiconductor (NMS:ONNN), which closed its acquisition of a chip unit of Sanyo Electric at year-end, sees Q1 sales of $830 mil-$875 mil, above views for $853 mil. Shares fell 2.9% to 11.16. Full Story | Top |
The Youth Unemployment Bomb
Thu, 3 Feb 2011 05:08 am PST
BusinessWeek - In Tunisia, the young people who helped bring down a dictator are called hittistes -- French-Arabic slang for those who lean against the wall. Their counterparts in Egypt, who on Feb. 1 forced President Hosni Mubarak to say he won't seek reelection, are the shabab atileen, unemployed youths. The hittistes and shabab have brothers and sisters across the globe. In Britain, they are NEETs -- "not in education, employment, or training." In Japan, they are freeters: an amalgam of the English word freelance and the German word Arbeiter, or worker. ... Full Story | Top |
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