BUSINESS

Shares in Clearwire Corp fell 6 percent on Friday after an analyst said a decision by Google Inc to sell its Clearwire stake at a discount could be followed by other investors ditching their shares in the wireless service provider.

France has Belgium's support for combining Europe's rescue funds in the face of German opposition, a source close to the French presidency said on Friday.

No one is exactly sure why violence and sneaker sales go hand-in-hand, but it seems that every time Nike introduces limited edition sneakers on the market, the entire country becomes engrossed in widespread melee, like on Friday when riots resulted over the Nike Foamposite Galaxy. But why do riots even happen over sneakers and what's the fuss all about?

U.S. fund managers who successfully called the bottom of their home credit market in 2008 are starting to put money back into Europe in a sign of returning confidence in the euro zone.

New single-family home sales fell in January, but an upward revision to the prior months' data and a drop in the supply of properties on the market added to growing signs of a budding recovery in the housing sector.

Portugal is pinning hopes of repairing its fragile economy on an export revival, Prime Minister Pedro Passos Coelho said on Friday, as the country's recession deepens and it battles to hit tough austerity targets.

Blackstone Group has hired Ed Huang from Morgan Stanley's Asia private equity unit as a managing director for China, two sources familiar with the matter told Reuters, as the private equity giant builds up its teams in Asia.

LONDON - No sooner are Europe's debt anxieties easing a touch than a sharp rise in oil prices threatens to impede the economy's tentative recovery from the euro's near-death experience with Greece.

Stock index futures pointed to a slightly higher open on Friday and looked to extend gains that have taken equities to highs not seen since before the 2008 collapse of Lehman Brothers.

Stock index futures pointed to a slightly higher open on Friday and looked to extend gains that have taken equities to highs not seen since before the 2008 collapse of Lehman Brothers.

Stock index futures were higher on Friday, extending gains that have taken equities near highs not seen since before the 2008 collapse of Lehman Brothers.

In case there was any doubt about the ideology of Germany's Left Party, its leaders have brought out a cookbook that includes such favourites as anti-Atomic waffles and Soljanka, a feisty Russian soup that was popular in communist East Germany.

Stock index futures rose on Friday, extending gains that have taken equities near highs not seen since before the 2008 collapse of Lehman Brothers.

Lloyds pushed back a key target of its turnaround plan as the part state-owned British bank posted a 3.5 billion pound ($5.5 billion) annual loss and said a tough economic outlook would hit revenues and income this year.

A U.S. law against foreign bribery is the unusual weapon of choice in an increasingly bitter boardroom struggle between U.S. casino mogul Steve Wynn and Japanese investor Kazuo Okada. But both sides may end up shooting blanks.

Billionaire Kazuo Okada said on Thursday he would not attend the special meeting of Wynn Macau Ltd's board of directors meeting, where the agenda item was to remove him as a director.

Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time benefit.

Officials from top emerging market countries will discuss fledgling plans to set up a multilateral bank to fund projects in developing nations during upcoming Group of 20 meetings, a senior Brazilian government official said on Thursday.

The White House proposed on Thursday a privacy bill of rights that would give consumers more control over their data but relies heavily for now on voluntary commitments by Internet companies like Google Inc and Facebook.

Sears Holdings Corp plans to raise about $770 million spinning off a business of about 1,250 stores and selling some prime real estate, hoping to convince Wall Street that the struggling chain has enough assets to tap to pay down debt.

The number of Americans filing new claims for jobless benefits last week held at the lowest level since the early days of the 2007-2009 recession, signaling that the battered labor market is healing.

Wall Street stocks rose on Thursday after data showed the U.S. labor market remained on the mend, but the market stalled as it approached highs not seen since before the 2008 collapse of Lehman Brothers.

Former New York congresswoman Susan Molinari has signed on to be Google Inc's top lobbyist in Washington at a time when the search engine company faces growing regulatory challenges.

Like many banks engulfed by the mortgage crisis, First National Bank of Nevada specialized in risky home loans that didn't require borrowers to prove their incomes. When the housing bubble burst, First National got crushed in 2008 under the weight of bad loans that it could no longer resell to investors.

Sears Holdings Corp announced steps to reassure investors about its ability to pay down debt, sending its shares soaring 16 percent in early trading.

Stocks ticked higher on Thursday after a labor market report indicated the economy was slowly recovering, but the data wasn't enough for the S&P 500 to significantly extend recent gains.

Express Scripts Inc said on Thursday it was moving forward successfully without Walgreen Co in its pharmacy network, citing wide support from clients.

Shares of Angie's List Inc, which provides consumer reviews of local professionals and businesses, rose as much as 22 percent Thursday, after the company reported a surge in paid memberships and forecast first-quarter revenue above estimates.

U.S. stocks ticked higher on Thursday after a labor market report indicated the economy was slowly recovering, but the data wasn't enough for the S&P 500 to significantly extend recent gains.