BUSINESS

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China growth gliding lower, hard landing risks ease

China's economy is on course for a soft landing, a clutch of indicators showed on Friday, easing investor fears of a sharp slowdown and revealing ample room for Beijing to loosen policy further to support growth.

Stock futures edge lower; focus on jobs data

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Stock index futures pointed to a slightly lower open for equities on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling up to 0.2 percent.
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Japan government keeps up pressure, BOJ seen on hold

Japan's government on Friday kept up pressure on the central bank to further support an economic recovery, but the Bank of Japan appears set to hold monetary policy steady at its regular policy meeting next week.
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Italian supercar designers turn the page

Pininfarina and Bertone put new supercar concepts on display at the Geneva Auto Show, demonstrating that the two design houses are putting their financial troubles behind them, executives said.
Titanic Route

Titanic: Did Supermoon and Killer Iceberg Conspire to Sink the Ocean Liner? (Photos)

In about a few weeks' time, the 100th anniversary of the sinking of the ocean liner Titanic will be coming up. The sinking of the Titanic on April 14, 1912, is one of the deadliest maritime disasters in the human history, claiming 1,517 lives. To date, the mystery behind the reason why Titanic sank has not been solved fully. However, a new theory by Texas State University's astronomers suggests that a a rare lunar event could have conspired against the Titanic by creating hazardous sea...
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Analysis: Tax break goes far beyond the factory floor

President Barack Obama summons the image of a scrappy auto worker or high-tech engineer when he calls for expanding a major corporate tax break for manufacturing, but he might just as well evoke the coffee-shop barista or the cable guy.
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Greece closes offer with bond swap set to pass

Greece closed a bond swap offer to private creditors on Thursday after clearing the minimum threshold of acceptance to push the deal through, moving closer to unlocking funds it needs to avoid a dangerous debt default.
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Greece closes in on bond swap, hurdles key threshold

Greece moved closer to wrapping up its bond swap with private investors on Thursday, indicating that it had already cleared a vital threshold needed to pass a deal which will hand bondholders steep cuts in the value of their investments.
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Nasdaq rises 1 percent, stocks extend gains

Stocks extended their gains on Thursday, with the Nasdaq up 1 percent as Greece moved closer to concluding a bond swap with private creditors that is needed to prevent a messy default.
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Falcone is still a billionaire, despite troubles

Hedge fund manager Philip Falcone started 2012 with a series of setbacks, but there is one thing he can still count on this year: membership in the hyper-exclusive club of the world's richest people.
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Anonymous hurt by arrests but hard to kill

In turning one of its best-known hackers into an informant and breaking open the highest profile elements of the Anonymous movement, authorities have dealt a serious blow to a group they found a growing irritant.
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CORRECTED-Anonymous hurt by arrests but hard to kill

In turning one of its best-known hackers into an informant and breaking open the highest profile elements of the Anonymous movement, authorities have dealt a serious blow to a group they found a growing irritant.
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ECB fires inflation warning, trumpets success of cash flood

The European Central Bank signaled its policy course was slowly turning on Thursday, delivering a surprise warning on inflation and calling governments and banks to build on its recent blitz of radical support measures to foster a full crisis recovery.
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Jobless claims rise 8,000 last week

New claims for unemployment benefits unexpectedly rose last week, a government report showed on Thursday, but not enough to change perceptions that the labor market was strengthening.
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Wall Street rises on optimism over Greek deal

Wall Street opened higher on Thursday as strong uptake by investors in Greece's debt swap fed optimism a deal could be completed by a deadline later in the day, staving off a messy default.
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Wall Street opens up on Greek deal hopes

Stocks rose at the open on Thursday as strong uptake by investors in Greece's debt swap fed optimism a deal could be completed by a deadline later in the day, staving off a messy default.
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Whistleblower says BofA defrauded HAMP

Bank of America NA prevented homeowners from receiving mortgage-loan modifications under a federal program in order to avoid millions of dollars in losses while benefitting from financial incentives for participating in the program, according to a complaint unsealed in federal court Wednesday.
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BoE holds policy steady as growth proves patchy

The Bank of England left its monetary policy unchanged on Thursday, deciding that February's extra 50 billion pounds ($79 billion) of quantitative easing was enough for now to support the economy through a period of fitful recovery.

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