 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... |
| Pakistani child prodigy's stamp issued Pakistan's postal department Thursday issued a commemorative postage stamp as a tribute to Arfa Karim Randhawa, who became the world's youngest Microsoft Certified Professional at the age of nine in... |
| 3 Good Housing Numbers From the Jobs Report The jobs outlook is improving, according to the latest numbers from the Labor Department. The economy added 243,000 jobs in January-much higher than the 125,000 or so most economists expected-driving... |
| Jobs report lifts Dow to highest mark since '08 A drop in the unemployment rate to its lowest in three years propelled the Dow Jones industrial average Friday to its highest close since before the 2008 financial crisis. The Nasdaq composite ... |
| shelter from the storm story from Candace Jackson in the Friday Wall Street Journal. It's about a very cool new house in Apple Valley that literally emerged from the wreckage of a terrible storm that destroyed a... |
| Stocks jump on reports of strong January job growth; oil rises for first time in a week NEW YORK - A drop in the unemployment rate to its lowest level in three years propelled the Dow Jones industrial average Friday to its highest close since May 2008, before the financial meltdown... |
| HP awards new CEO Whitman with $16.5M pay package SAN FRANCISCO -; Hewlett-Packard Co. ushered in Meg Whitman as its CEO with a $16.5 million compensation package. It hinges on whether the former candidate for California governor can lift the... |
| Tyson Foods, BB&T, Gilead are market movers NEW YORK -; Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE Tyson Foods Inc., up 76 cents at $19.38 The meat... |
| Hiring surges in January; jobless rate at 8.3 pct. An auto worker assembles parts on the 2013 Dodge Dart at the Chrysler Plant in Belvidere, Ill., Thursday, Feb. 2, 2012. Sergio Marchionne, Chairman and CEO Chrysler Group, announced that Chrysler... |
| Cubic's earnings top Wall Street forecasts Cubic Corp of San Diego soundly beat Wall Street analysts' forecast for sales and revenue during its fiscal first quarter ended Dec. 31.The company said Thursday sales reached $318.7 million, a... |
| Plus-size retailer to close stores The owner of the plus-size retailer Avenue plans to close 14 stores in the next month, but it's not yet known which ones. It has 433 U.S. stores, including four local stores in San Diego,... |
| Security Business Bank reports better results The parent company of Security Business Bank of San Diego reported earlier this week improved earnings for 2011.The community bank said net income for the year was $181,000 compared with a net loss... |
| Micron CEO dies in plane crash FILE - In this Dec. 12, 2005 file photo, Steve Appleton, CEO and chairman of Micron Technology Inc., looks out through the engine compartment of his stunt jet airplane inside the hanger where he... |
| Hackers take over law enforcement websites SALT LAKE CITY -; Hackers have taken over the websites of several law enforcement agencies worldwide in attacks attributed to the collective called Anonymous, including in Boston and in Salt Lake... |
| What's the right tax rate for the rich? When Republican presidential candidate Mitt Romney released his tax returns, his 15 percent tax rate, based on income largely from low-taxed capital gains on investments, became an instant issue.... |
| Motorola: Some refurbished tablets weren't wiped NEW YORK -; Motorola Mobility says about 100 Xoom tablet computers that it refurbished for sale on Woot.com may not have been properly wiped of the previous owners' data. Motorola is... |
| Stocks close at multi-year highs on upbeat data Stocks rose after the US economy added more jobs than expected last month, driving the Nasdaq Composite to an 11-year high and pushing the Dow to its highest reading in almost four years.The Dow... |
| 'Mission: Impossible -- Ghost Protocol' is the highest-grossing film of Tom Cruise's career When Paramount was working on "Mission: Impossible -- Ghost Protocol" there were questions about whether Tom Cruise was still a draw at the domestic box office, particularly after his... |
| NY AG Eric Schneiderman sues banks for using electronic mortgage registry that may put homeowners at a disadvantage in foreclosures ALBANY, N.Y. - New York’s attorney general on Friday accused some of the nation’s largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners... |
| Komen foundation apologizes, reverses Planned Parenthood ruling DALLAS -- The Susan G. Komen for the Cure breast cancer foundation apologized Friday for its controversial decision to cut funding to Planned Parenthood, saying it would consider future grants to the... |
| Obama touts jobs report as Dow closes at four-year high Check your stocks Washington - In a long-awaited surge of hiring, companies added 243,000 jobs in January -- across the economy, up and down the pay scale and far more than just about anyone... |
| Traders exit Treasurys after strong jobs report NEW YORK -- In the face of improving economic numbers, U.S. government bonds seemed like the wrong place to be.Traders fled the safety of bonds and bought riskier investments such as stocks after... |
| Dollar turns lower against euro after jobs report NEW YORK -- The dollar finished lower Friday against the euro, giving up early gains driven by a better-than-expected jobs report.The dollar began falling after the stock market opened and began to... |
| Caterpillar tried to provoke crisis 'from day one': CAW TORONTO - The Canadian Auto Workers union is lashing out at U.S. heavy equipment maker Caterpillar over its decision to close the Electro-Motive plant in London,... |
| Market Snapshot: U.S. stocks cheer surprisingly good jobs data NEW YORK (MarketWatch) -- U.S. stocks leapt Friday, propelling the Nasdaq index to an 11-year high, as Wall Street embraced the nation's jobless rate dropping to a three-year... |
| After Hours: THQ shares active in after-hours trading LOS ANGELES (MarketWatch) -- Shares of THQ Inc. topped most-actives Friday evening, edging up after sinking during the day following the videogame publisher's disappointing financial... |
| Health-care Stocks: Insurer’s results, analyst’s dim view hurt sector LOS ANGELES (MarketWatch) -- A drop in government business for Health Net Inc., coupled with a Goldman Sachs analyst's dim view on health insurers in general drove down the sector's shares... |
| Canadian Markets: Non-gold miner stocks boost Canadian market SAN FRANCISCO (MarketWatch) -- Canadian stocks rose Friday as strength in the non-gold mining and industrial sectors overcame lower gold prices and weak jobs... |
| Ryder Boosts Earnings 30 Percent, Adds Rental Capacity Truck equipment, supply chain giant increases net profit 44 percent in 2011 Acquisitions and internal growth in all business segments boosted fourth-quarter and year-end profit and revenue at supply... |
| Deconstructing The “Massive Beat” in Employment Data The headlines are blaring of a massive surge in January employment that blew away analysts expectations. Frankly, I find it hard to believe that any analysts would not have expected this... |
| Earnings Reports: Validus Holdings Q4 2011 Q4 2010 Gross premiums written -$278.28 mn $258.7 mn Full year - 2011 2010 $2.1247 bn $1.99 bn Net premiums earned — $488.35 mn $432.8 mn Full year - 2011 2010 $1.802 bn $1.761... |
| Positive Jobs Report Propels Indexes An upbeat jobs report propelled U.S. stock indexes to dizzying highs Friday on the New York Stock Exchange. The Dow Jones industrial average gained 156.82 points or 1.23 percent to close the... |
| IP Doubled Its Earnings in 2011, Plans To Invest $1.5 Billion International Paper plans to spend around $1.5 billion on capital projects this year, many of them aimed at cutting energy consumption, and expects modest growth in foreign demand. U.S. growth is... |
| US Hispanic Chamber Issues Statement on January Jobs Report United States Hispanic Chamber of Commerce , Javier Palomarez, today issued the following statement after the release of the January jobs report: "Today's report indicates that 243,000... |
| Is your Saab warranty worth the paper it's written on? Saab car owners have been left without any warranty cover and are facing the possibility of big repair bills after the struggling Swedish car maker collapsed just before Christmas.Guardian Money has... |
| Unemployment at 8.3% still leaves a vast and destructive jobs deficit | Robert Reich Falling unemployment figures still hide the millions of Americans who have dropped out of the workforce during the recession. Photograph: Jewel Samad/AFP/Getty... |
| Stock markets rise on surprise US jobs boost and UK services optimism Stock markets surged as the world's largest economy reported a surprise fall in unemployment and reported buoyant business activity. In the UK there was similar upbeat news from a survey... |
| BT profits on broadband growth BT accounted for over half of the UK's new broadband subscribers in the last three months of 2011, as it indicated it would review its fibre broadband investment with a focus on getting... |
| European cold snap threatens energy crisis as death toll rises Ukraine the hardest hit country.The cold has killed 101 people in Ukraine, many of whom lived on the streets. Health officials have ordered hospitals to stop discharging homeless patients after they... |
| US unemployment numbers: what have we learned? Nonfarm payrolls rose by 243,000 last month , the labour department said on Friday, marking the biggest gain since April. The jobless rate fell by two-tenths of a point to 8.3%, the lowest it has... |
| FTSE 100 records fourth successive daily rise as US jobs data beats forecasts Leading shares moved higher for the fourth day in a row yesterday, reaching their best level for more than six months, thanks to forecast-beating US jobs figures and continuing hopes of a resolution... |
