U.S. stocks rise as unemployment plummets243,000 new jobs were added to the U.S. economy in January, pushing unemployment down to 8.3% from 8.5%.
Market analysts were stunned by the improvement in employment, a major bellwether for the... | |
Hope for eurozone debt as China indicates it may help in bailoutBEIJING - China, the holder of one of the world's largest foreign exchange reserves, has indicated it may get "more deeply involved" in resolving the European Union debt crisis.
This was stated... |
Japanese electronic giant Panasonic forecasts staggering lossesTOKYO - Japan's Panasonic Friday predicted staggering annual loss of $10.2 billion, joining rivals Sony and Sharp who have also forecast combined losses of $6 billion.
Panasonic said it was headed... |
Fear of recession eases as Eurozone service sector growsLONDON - The eurozone's service sector has shown some growth, marginal though, for the first time in four months, raising expectations that a recession could be kept at bay.
The Markit eurozone... |
EU in grip of severe cold, facing gas supply crunchBRUSSELS - Several countries in Europe are facing gas supply crunch with severe cold weather driving up demand and drop in Russian supplies via Kiev, raising fears of a repeat of the 2009... |
Government offers bailout to 7 debt-ridden NHS trustsLONDON - Seven National Health Services (NHS) trusts, including three in London, have been identified for a bailout from a 1.5 billion pounds government fund to relieve major financial pressures.
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| Wall Street Sheriff Preet Bharara on Time cover Indian-American attorney Preet Bharara, nicknamed the Sheriff of Wall Street for prosecuting the likes of Rajat Gupta, the poster boy of Indian business in America, has made it to the cover of Time... |
| Coca Cola wakes up Brad Pitt's kids Hollywood Actor Brad Pitt admits he gives his children Coca-Cola to get them out of bed in the morning.
Pitt claims he and his partner Angelina Jolie seldom find it difficult to get all six of their... |
| Strong jobs report sends Dow to highest since 2008 The Dow jumped 157 points Friday to close at 12,862. That's the highest since May 2008. The Nasdaq composite index closed at its highest level since December... |
| Remember Shakers? Maker went bottoms up In 2003, Pat McGeary, manager of Benson Municipal Liquor Store, was trying to keep up with demand after a record sellout of 40 cases in the first week of Shakers' retail... |
| Economists surprised by marketwide hiring Lori Lund's two-year quest for a job has been a maddening tale of near-misses. Johnson & Johnson, Land O' Lakes and Kraft offered her positions, only to rescind after deciding to... |
| Pockets of recovery in housing outstate Home prices in the Twin Cities and most of the state sank last year as foreclosures took their toll, but outstate areas with strong employment and key industries experienced gains or softer declines.... |
| Federal judge tosses out 3M extortion claim 3M Co. has lost one and won one in its tangled legal battle with an investors group it had sued for allegedly trying to extort $34 million from the Maplewood-based company. In a ruling issued... |
| Delta lowers the asking price for Northwest's former HQ Delta Air Lines has reduced the price of a signature office campus in the Twin Cities -- the former home of Northwest Airlines. The Eagan complex, which includes two buildings spanning 550,000... |
| Xcel says it'll further limit Sherco emissions Xcel Energy Inc. says it is willing to install $50 million in emissions controls on its Sherco coal-fired power plant to help reduce haze over Voyageurs National Park and the Boundary Waters Canoe... |
| Data theft leads to debt collector's license suspension Minnesota has suspended the debt collections license of an Illinois company that lost a laptop computer containing medical records of thousands of patients at Fairview and North Memorial hospitals... |
| Ringleader of mortgage fraud scheme sentenced to 6-year term The ringleader of a $2.2 million mortgage fraud ring was sentenced this week to six years in prison and ordered to repay nearly $1 million to two companies. Michael Hudalla, 45, of Mendota Heights,... |
| Hastings couple admit guilt; son won't be charged Given the choice between a nearly certain prison sentence and seeing their 24-year-old son charged in a mortgage fraud scheme, Jim and Teresa Hoffman chose prison Friday, admitting that they duped... |
| Nuclear plant offers no timetable on leak fix Inspectors at the San Onofre nuclear plant will have to wait until the middle of next week to enter a reactor and search for a radioactive steam leak.Temperatures were still too hot -- 105 degrees... |
| Here's how students would design SD skyline Zachary Alan's proposed 60-story skyscraper design incorporates turbines propelled by prevailing offshore winds. It's seen here in the fog from the vantage point of the San Diego-Coronado... |
| Warship Freedom again breaks down at sea Freedom is the lead ship in the Freedom-class of littoral combat ships. The 378-foot vessel was built in Wisconsin by Marinette Marine. US Navy For at least the fourth time in its young history,... |
| Where can you find 9 out of 10 coupons? FILE PHOTO: A consumer cuts coupons from the Sunday advertising circulars, the most common way that people find coupons. To reach even more consumers, marketers are also offering coupons online, in... |
| Hackers intercept FBI, Scotland Yard call A general view of New Scotland Yard, the headquarters of the London Metropolitan Police Britain's for-most and largest police serviceFriday, Feb., 3, 2012. Hackers have intercepted a conference... |
| Here’s a Facebook status: $94 billion Facebook stock has popped even before the company makes its Wall Street debut.Yesterday, 100,000 shares of Facebook traded on a private exchange at $40 apiece, according to SharesPost, a company that... |
| Brands big is eyeing Swank The biggest player in men’s accessories is about to get bigger.Randa Accessories - a New York-based firm that makes men’s belts, wallets, ties and luggage under brands like Levi’s,... |
| NFL Network trying to steamroll cable !The NFL Network is adding five Thursday night games to its existing eight-game weeknight package - in part to entice more cable companies to pick up the channel - but non-subscribing cable companies... |
| Banks hit on faulty foreclosures Hard-charging New York Attorney General Eric Schneiderman - thumbing his nose at an imminent global foreclosure settlement - charged Wells Fargo, JPMorgan Chase and Bank of America with using a dodgy... |
| It’s Perelman vs. Perelman Members of the battling Perelman family are squaring off against one another to seize control of the newspapers in their native Philadelphia. On one side of the battle, billionaire financier Ron... |
| Rosy report a ruse Some day, the government is going to put out a good economic report and I’ll be able to say, "Yeah, that really is a good report." This isn’t that day. Everyone, of course,... |
| Sorghum project to shore up farmers’ earnings in Siaya County PHOTO/ FILE A sorghum farm. Siaya County farmers are set to benefit from a new sorghum growing venture piloted by EABL in conjunction with the Ministry of Agriculture and... |
| Top Ten: MarketWatch’s top 10 stories of the week With the Nasdaq Composite Index ending the week at an 11-year high, it's perhaps peculiar that the stock-market week was as much about a stock that has yet to trade publicly (namely, Facebook)... |
| Stocks Could Rally On; Traders Watch Bernanke, Earnings The surprisingly strong U.S. jobs data, and the growing momentum of a 10-week stock market rally could act as a magnet for buyers, with little in the way of new economic reports in the coming week.... |
| Art Cashin: 'People Have Started Hiring' CNBC's Bob Pisani and Art Cashin, of UBS, discuss the new highs on the Nasdaq and Dow, and the jobs number surprise. It came with two hefty upside revisions for the previous two months, which is... |
| Mitt Romney Expected to Easily Win Nevada: Poll Republican front-runner Mitt Romney surged on Friday toward an apparent easy win in Nevada, with a new poll showing him beating rival Newt Gingrich by a 2-to-1 margin on the eve of the state's... |
| Big Political Donors — and What They Want The millionaires, billionaires and companies giving big sums to political committees supporting Mitt Romney, Newt Gingrich and Barack Obama have important business with the next president. Some are... |
| Could Eli Manning Be a Better Endorser Than Tom Brady? On and off the field, New England Patriots quarterback Tom Brady has all the markings of a perfect endorser. He's a winner, he's got the crossover good looks and plenty of... |
| US Prosecutors Drop Probe of Lance Armstrong Team LOS ANGELES - Federal prosecutors on Friday dropped an investigation centered on whether seven-time Tour De France champion Lance Armstrong and his teammates cheated the sponsor of their bike racing... |
| Obama’s Re-Election Bid May Get Boost From Fall in Joblessness Feb. 3 (Bloomberg) -- A surge in new jobs last month improves President Barack Obama’s position on the overriding concern of voters this year, even as slower progress in other economic measures... |
| Cosell of NFL Films Predicts Giants Win on Super Bowl Sunday Feb. 4 (Bloomberg) -- The New York Giants, led by quarterback Eli Manning, will defeat the New England Patriots in the Super Bowl on Feb. 5, predicted Greg Cosell, a senior producer at NFL Films... |
| Hacker Group Anonymous Intercepted U.S. Call Over Investigation Feb. 4 (Bloomberg) -- The U.S. government said the online hacker group Anonymous intercepted a telephone call between FBI agents and U.K. authorities involving a joint investigation of the... |
| New Fed Purchases Unwarranted as Economy Quickens, Bullard Says Feb. 4 (Bloomberg) -- A new round of Federal Reserve bond purchases isn’t warranted because the U.S. job market and broader economy are strengthening faster than expected, according to St.... |
| ANC Study Said to Propose S. Africa Mine Resource-Rent Tax Feb. 3 (Bloomberg) -- A study into mine nationalization ordered by South Africa’s ruling African National Congress proposes a 50 percent resource-rent tax rather than taking over operations, a... |
| Micron CEO’s 330-Mph Plane Had High Fatal-Crash Rate, FAA Says Feb. 4 (Bloomberg) -- The Lancair IVP aircraft that Micron Technology Inc. Chief Executive Officer Steve Appleton was piloting when he died yesterday is known for its performance and a... |
| Today in who's leaving Microsoft... Brandon Watson , senior director of Windows Phone developer platform product management, is leaving to become the director of Amazon.com's Kindle cross-platform team. At Amazon, he'll be... |
| Microsoft withdraws one of its claims against BN in patent fight Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Janet I.... |
| This Week On Wall Street: 2/3 BOSTON (CBS) – Solid earnings and a surprising jobs report help drive the markets. WBZ New England Business Editor Anthony Silva discusses the week on Wall Street with Dave Caruso, Chairman of... |
| Wall Street analysts struggle to predict Apple By day, Robert Leitao manages a Catholic church in Southern California. By night, he indulges his other passion: predicting Apple Inc's (AAPL.O)... |
| N.Y. foreclosure lawsuit could slow home seizures By John W. Schoen, Senior Producer Bankers struggling to deal with faulty foreclosure paperwork just got hit with another major headache.New York State Attorney General Eric Schneiderman, recently... |
| Closure of Caterpillar plant signals change for Canadian manufacturing Storm clouds hang in the sky over a Caterpillar dealer in this undated photo. One analyst says the closure of the Electro-Motive plant in London, Ont., owned by a Caterpillar subsidiary, is part of a... |
| Coyne: CAW stumbled into Caterpillar shutdown without a plan Angry locked-out workers from Electro-Motive vowed Friday to indefinitely occupy the locomotive plant’s entrance after being hit with the news that Caterpillar Inc. plans on shutting down the... |