BUSINESS

Jobless rate at 3-year low as payrolls surge

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The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
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Strong jobs report pushes Nasdaq to 11-year high

Stocks rose on Friday, propelling the Nasdaq index to an 11-year high, after January's U.S. employment report sailed past expectations, boosting hopes the world's largest economy has turned a corner.
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Aon Q4 profit rises, but margin pressures persist

Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.
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Goldman to face mortgage debt class-action lawsuit

Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.
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Job growth surges, jobless rate near 3-year low

The economy created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama as campaigning heats up ahead of November elections.
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Walgreen sales hit by exit from Express Scripts

Walgreen Co is being hit by its withdrawal from the Express Scripts Inc pharmacy network and by a much-weaker-than-expected flu season, leading it to temper its expectations for the number of prescriptions it will fill this year.
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Factory orders up, business spending rises

New orders for U.S. factory-made products posted a second straight monthly rise in December and business capital spending also picked up, a government report on Friday showed.
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Facebook IPO: Top 10 Largest U.S. IPOs

Having filed for its initial public offering (IPO) on Wednesday, Facebook has the potential to debut on the New York Stock Exchange (NYSE) with one of the largest IPOs ever. Check out this slideshow to see which were the largest IPOs in U.S. history.
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Snap analysis: U.S. job creation accelerates broadly

U.S. job creation is accelerating throughout the economy, giving President Barack Obama's reelection bid a boost and increasing the chances the jobless rate could improve faster than the Federal Reserve expects.
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Central bank liquidity tap to stay open

After a blockbuster January for both equities and bonds - rallies that caught many in the market by surprise - investors will be paying keen attention to the world's central banks in the coming week for signs of continued easy money.
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Instant view: Jan nonfarm payrolls rose by 243,000

The U.S. economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3 percent, indicating last quarter's growth carried into early 2012.
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HR business boosts Aon profit

Aon Corp posted a higher quarterly profit that narrowly beat market estimates as the world's largest insurance broker continued to reap the benefits from its acquisition of Hewitt Associates.

Major Layoff Announcements in 2012 [SLIDESHOW]

Unless you have been living under a rock for the last couple of years, you'll know that companies big or small have been constantly axing jobs across the board. Which companies are axing jobs in 2012?
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Aon posts higher Q4 profit

Aon Corp , the world's largest insurance broker, posted a higher quarterly profit that narrowly beat market estimates on higher revenues from its human resources segment.
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Anonymous hackers access Greek ministry website

Hackers associated with the activist group Anonymous posted a protest against Greece's EU and IMF-inspired austerity policies on the website of the country's justice ministry Friday, a ministry spokeswoman said.
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Nervous markets eye U.S. jobs report, Greece

Caution ahead of U.S. jobs numbers kept a lid on gains for stock markets on Friday after an optimistic start to the year that has added more than 7 percent to global company values.
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China cabinet economist warns of deflation in 2012

China's headline consumer price index is on track to fall on a month-to-month basis in the coming months and mark a year-on-year decline in the second half of 2012, a government economist said in comments published on Friday.
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Swiss probe 12 banks over interbank lending rates

Switzerland said on Friday it was investigating a dozen U.S., European and Japanese banks suspected of conspiring to manipulate interbank lending rates used to set interest rates on hundreds of trillions of dollars of securities.
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Shares, euro flat ahead of U.S. jobs report

A dip in figures on China's non-manufacturing sector helped dampen financial markets optimism on Friday ahead of U.S. jobs data that will offer more clues on the strength of the world's top economy.
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No Facebook fatigue for longtime users: survey

So much for Facebook fatigue.A survey released on Friday shows that people who have used the social networking site over a long period - since its founding in 2004, say - show no sign that they are tired of posting pictures, updating weekend plans or just relaying random thoughts.
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SolarCity IPO expected in third quarter: source

Solar power company SolarCity is expected to debut on U.S. markets in the third quarter this year and has hired Goldman Sachs to underwrite its initial public offering, a source close to the company said on Thursday.

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