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Saturday, January 29, 2011 12:01 AM PST

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Today's Business News: Egypt riots knock Wall St to biggest drop in 6 months Goldman CEO gets salary boost, $12.6 million shares Alpha close to $7 billion Massey deal: sources Higher costs sink Ford profit, shares slide Consumer spending, trade buoy U.S. economy in Q4 Egyptian concerns brewing in markets Massachusetts economic growth seen picking up this year Ford stock falls after company misses expectations Trade ministers try for new impetus toward Doha Financial Crisis Inquiry Commission Places Blame on American Households Financial Crisis: The Greatest Hits Sliding profit margins drag Amazon shares Paulson's $5 billion payout shocks, raises questions Calif. congresswoman: PG&E can't find key records 2 men get 4 years in prison for $240M tax scheme Ford recalls 425,288 Windstar minivans over crash risk Admissions Q&A: ESADE Egypt riots knock Wall St to biggest drop in 6 months Fri, 28 Jan 2011 03:18 pm PST Reuters - Stocks suffered their biggest one-day loss in nearly six months on Friday as anti-government rioting in Egypt prompted investors to flee to less risky assets to ride out the turmoil. Full Story Top Goldman CEO gets salary boost, $12.6 million shares Fri, 28 Jan 2011 05:31 pm PST Reuters - Goldman Sachs Group tripled Chief Executive Lloyd Blankfein's base salary and awarded him $12.6 million of stock, even after the bank's net income plunged last year. Full Story Top Alpha close to $7 billion Massey deal: sources Fri, 28 Jan 2011 08:29 pm PST Reuters - Alpha Natural Resources is close to a $7 billion deal to buy Massey Energy Co, which was rocked by a deadly coal mining accident last year, sources familiar with the matter said on Friday. Full Story Top Higher costs sink Ford profit, shares slide Fri, 28 Jan 2011 02:05 pm PST Reuters - Ford Motor Co's earnings fell far short of expectations on surging costs for new vehicle launches and an unexpected loss in its European business, driving its shares down more than 13 percent. Full Story Top Consumer spending, trade buoy U.S. economy in Q4 Fri, 28 Jan 2011 12:34 pm PST Reuters - The U.S. economy gathered speed in the fourth quarter to regain its pre-recession peak with a big gain in consumer spending and strong exports, removing doubts about the recovery's sustainability. Full Story Top Egyptian concerns brewing in markets Fri, 28 Jan 2011 07:49 am PST AP - Markets brushed aside figures showing that the U.S. economy grew less than expected at the end of 2010 as investors kept a close watch on growing street protests in Egypt. Full Story Top Massachusetts economic growth seen picking up this year Fri, 28 Jan 2011 12:09 pm PST Reuters - Massachusetts' economic growth lagged behind the rest of the nation at the end of 2010 for the first time in a year but is expected to pick up in the first half of this year, a study said on Friday. Full Story Top Ford stock falls after company misses expectations Fri, 28 Jan 2011 02:26 pm PST AP - Ford Motor Co. is the most profitable it's been in a decade, since the days when Americans were snapping up SUVs. But maintaining that momentum — and meeting the high expectations of buyers, workers and investors — will be a big challenge in the coming year. Full Story Top Trade ministers try for new impetus toward Doha Fri, 28 Jan 2011 11:03 pm PST AP - More than two dozen senior officials from key economies will try Saturday to agree on whether to send a political signal that a new global trade deal can, at last, be completed this year. Full Story Top Financial Crisis Inquiry Commission Places Blame on American Households Fri, 28 Jan 2011 02:25 pm PST ContributorNetwork - American households got blasted by the Financial Crisis Inquiry Commission because they borrowed too much and saved too little. American households had created an environment of taking on too much risk by over-extending themselves. They did this by placing record debt on themselves and by overstating their income on mortgage applications. Full Story Top Financial Crisis: The Greatest Hits Fri, 28 Jan 2011 10:23 am PST The Motley Fool - "We conclude this financial crisis was avoidable," says the official report from the Financial Crisis Inquiry Commission, released yesterday. "The crisis was the result of human action and inaction, not of Mother Nature or computer models gone haywire." Full Story Top Sliding profit margins drag Amazon shares Fri, 28 Jan 2011 09:12 am PST Reuters - Sliding profit margins at Amazon.com prompted mixed reactions from analysts on Friday, a day after it posted quarterly results, though most of them stuck to their top ratings on the world's largest online retailer. Full Story Top Paulson's $5 billion payout shocks, raises questions Fri, 28 Jan 2011 05:15 pm PST Reuters - Billionaire hedge fund manager John Paulson, whose bet against the overheated housing market made him one of the world's wealthiest people, became a lot richer last year. Full Story Top Calif. congresswoman: PG&E can't find key records Fri, 28 Jan 2011 05:00 pm PST AP - The utility responsible for a gas pipeline that blew up in a San Francisco suburb cannot find key records needed to set safe pressures for nearly a third of its largest transmission lines, a congresswoman said Friday. Full Story Top 2 men get 4 years in prison for $240M tax scheme Fri, 28 Jan 2011 05:39 pm PST AP - Two Seattle-area men were sentenced Friday to four years in prison for concocting a bogus tax shelter to help a Hollywood mogul, the owner of the New York Jets and other wealthy clients avoid paying $240 million in payments. Full Story Top Ford recalls 425,288 Windstar minivans over crash risk Fri, 28 Jan 2011 03:48 pm PST ContributorNetwork - Hot on the heels of the recent Toyota and GM recalls, Ford Motor Company is now alerting consumers to problems with its Windstar minivans. As Ford recalls 425,288 cars, consumers cannot help but remember the 20 million recalled cars from 2010. Full Story Top Admissions Q&A: ESADE Fri, 28 Jan 2011 05:08 am PST BusinessWeek - ESADE Business School (ESADE Full-Time MBA Profile) in Barcelona, Spain, accepted 46 percent of the 692 applications it received in 2010.At No.4 on the Bloomberg Businessweek list of top-ranked non-U.S.business schools, ESADE prides itself on having the feel of a closely knit family in a welcoming city, says Cristina Sassot, director of Admissions at ESADE. Full Story Top

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