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Euro zone agrees 800 billion euro firewall: Austria

Euro zone finance ministers have agreed to boost the currency bloc's debt crisis firewall to roughly 800 billion euros ($1.06 trillion), Austrian Finance Minister Maria Fekter said on Friday.

Stock index futures slightly higher

Stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.4 percent and Nasdaq 100 futures up 0.2 percent at 1007 GMT.

China's Alibaba tests social shopping with Pinterest clone

It is a marriage made in heaven for shopping addicts. Social shopping, the merger of social networking and e-commerce which has hooked millions of users in the United States, has now captured the attention of China's Internet giant.

Sun Hung Kai dives as billionaire Kwok brothers arrested

More than $5 billion was wiped off the market value of Sun Hung Kai Properties on Friday, after the billionaire owners of Asia's largest real estate developer were arrested on suspicion of corruption.

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House budget chair questions Pentagon budget cuts

The Pentagon budget for next year is dishonest and generals who have endorsed it on Capitol Hill are not giving Congress their true advice, a senior Republican lawmaker on budget matters said on Thursday amid rising rhetoric over looming defense cuts.

U.S. House budget chair questions Pentagon budget cuts

U.S. court presses Dow Co in tax credit case

An appeals court heard arguments from Union Carbide and the U.S. government on Thursday as the company fought to use a tax credit retroactively for research it did in the 1990s to improve manufacturing processes.

U.S. steps up its push to keep top World Bank role

The United States stepped up lobbying on Thursday for its pick to retain the top job at the World Bank as emerging markets pushed their view that the time has come for rich nations to share leadership of key institutions.

Fourth quarter income trends up, boost for spending

Household income grew at a faster pace in the fourth quarter than previously thought as the jobs market strengthened, a development that could underpin consumer spending.

Bank of America gets $1 billion Baupost lawsuit dismissed

Bank of America Corp on Thursday won dismissal of a lawsuit by investors who wanted the bank to buy back mortgage loans that underlie more than $1.06 billion of securities.

Katy Perry's 'Part of Me' Video's U.S. Marines Plot Causes New Controversy [VIDEO]

Katy Perry's Part of Me video features a story in which she plays a dejected lover who sees an ad for the U.S. Marines and signs up in order to get over her cheating man.

Dow back in black as Wall Street cuts losses near quarter's end

The Dow managed a slim gain on Thursday while the S&P 500 and the Nasdaq shook off most of their earlier losses to end slightly lower, as investors took advantage of a selloff to buy blue chips that have been rallying throughout the quarter.

Inflation key as Fed looks ahead

Containing inflation will be critical when the time finally comes for the U.S. Federal Reserve to reverse its ultra loose monetary policy, two top Fed officials said on Thursday.

LivingSocial drops Instant for food order service

LivingSocial, the second-largest daily deal company, said on Thursday it ended its Instant mobile deals business, replacing it with a food-ordering service called Takeout & Delivery.

Robo-readers: the new teachers' helper in the U.S.

American high school students are terrible writers, and one education reform group thinks it has an answer: robots.

Quarter four income trends up, boost for spending

Household income grew at a faster pace in the fourth quarter than previously thought as the jobs market strengthened, a development that could underpin consumer spending.

EBay taps tech entrepreneur to lead PayPal

EBay Inc named mobile technology entrepreneur David Marcus president of its PayPal unit on Thursday, replacing Scott Thompson, who left in January to become chief executive of Yahoo Inc.

Bernanke: Economy to return to trend growth

Federal Reserve Chairman Ben Bernanke said on Thursday that he expects the U.S. economy to return to a long-term growth rate around three percent over time.

Q4 income trends up, boost for spending

Household income grew at a faster pace in the fourth quarter than previously thought as the jobs market strengthened, a development that could underpin consumer spending.

Wall Street slips after jobless claims fall short

Stocks fell on Thursday, on track for a third day of losses after jobless claims data missed heightened expectations as stocks wrap up their best first quarter in 14 years.

Goldman kicks off Indian charm offensive

Goldman Sachs sought to charm corporate India on Thursday by holding its first annual board meeting in the country, against a backdrop of slow business, a cooling economy and tough regulation.

Wall Street falls for 3rd day, Nasdaq off 1 percent

Stocks were on track for a third day of losses on Thursday after jobless claims data failed to meet heightened market expectations as stocks come off their best first quarter in 14 years.

Kwok brothers arrested for graft in Hong Kong

Hong Kong's Independent Commission Against Corruption on Thursday arrested the chairmen of Sun Hung Kai Properties, brothers Raymond and Thomas Kwok, on suspicion of corruption, the company said.

EBay names David Marcus president of PayPal

EBay Inc on Thursday named David Marcus president of its PayPal unit, replacing Scott Thompson, who left in January to become chief executive of Yahoo Inc.

Best Buy sales disappoint; to close stores, cut jobs

Best Buy Co reported weaker-than-expected sales for the key holiday quarter, prompting the world's largest electronics chain to close 50 U.S. stores and cut 400 jobs in corporate and support areas.

Wall Street set to fall for 3rd day after jobless data

Wall Street was set for a third day of losses Thursday as jobless claims data failed to meet heightened market expectations, leaving investors to wonder if the economy can sustain a rally.

Household income trending up, boost for spending

Household income grew at a faster pace in the fourth quarter than previously thought, which should help underpin spending this quarter.

Forbes 2012 Billionaires: Top Five Wealthiest People In Japan

Forbes said that out of the 40 individuals mentioned in the list, 28 are billionaires. Here's a gallery of pictures of Japan's five richest people in 2012, according to Forbes.

Fourth-quarter GDP unrevised at 3.0 percent

The economy expanded as expected in the fourth quarter while personal income grew at a much faster pace than previously thought, which should help underpin spending this quarter.

Best Buy sales disappoint, to cut stores, jobs

Best Buy Co Inc reported weaker-than-expected sales for the fourth quarter on Thursday, and said it has decided to close 50 big-box stores and to cut 400 jobs in corporate and support areas.

Jobless claims fall to 4-year low in latest week

New claims for unemployment benefits fell to a fresh four-year low last week, according to a government report that showed ongoing healing in the labor market.

Stock futures dip ahead of jobless claims report

Stock index futures edged lower on Thursday as investors awaited weekly jobless claims data for signs the economy will continue to support equities as they come off their best first quarter in 14 years.

Stock futures ease ahead of jobless claims data

Stock index futures edged lower on Thursday as investors awaited weekly jobless claims data for signs the economy will continue to support equities, coming off their best first quarter in 14 years.

Star-struck Japan PM befriends Facebook's Zuckerberg

Japanese Prime Minister Yoshihiko Noda frequently entertains dignitaries from all over the world, but he was a touch star-struck on Thursday when he hosted a young billionaire with a whiff of celebrity: Facebook chief executive Mark Zuckerberg.

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