BUSINESS

State Panel Urges Privatization Of LIPA

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A New York State Commission has recommended the privatization of the Long Island Power Authority (LIPA), the electricity provider for Long Island and the Rockways that was slow to restore power to the customers following Superstorm Sandy in October.
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Samsung Expects $8.3B 4Q Profit

Samsung Electronics estimated Friday morning that it earned a quarterly profit of $8.3 billion, as it sold close to 500 smartphone handsets per minute.
Japanese Bank Note

Japan's Monetary Base Up 11.8% In December

Japan's monetary base rose in December compared to that in the same month last year, indicating that the monetary easing policies are leading to an increase in the amount of currency in circulation which in turn results in reviving economic growth.
A man takes a photo outside the Nasdaq Market site in New York's Times Square

Top After-Market NASDAQ Movers (Optimer Pharmaceuticals, JDS Uniphase, Eagle Bulk Shipping, GenMark, Mindspeed, Capitol Federal, Pacific Premier Bancorp, Signature Bank, Hercules Offshore)

The top after-market NASDAQ gainers Friday were Optimer Pharmaceuticals Inc, JDS Uniphase Corporation, Eagle Bulk Shipping Inc and GenMark Diagnostics Inc. The top after-market NASDAQ losers Friday were Mindspeed Technologies Inc, Capitol Federal Financial Inc, Pacific Premier Bancorp Inc, Signature Bank and Hercules Offshore Inc.
Crude Oil

Crude Oil Futures Decline As FOMC Minutes Weigh

Crude oil prices declined and hovered above $92 a barrel in Asian trading Friday as sentiment turned negative after a few Federal Reserve officials expressed concerns over the continuation of its bond-purchase program.

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