UNITED STATES

Moody's may downgrade UBS and Morgan Stanley

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Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system.
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Apple iPhone, Mac to Converge with New Laptop

Chief Executive Officer Tim Cook told the Wall Street Journal that the Cupertino, Calif.-based company's new Macintosh operating system, dubbed the Mountain Lion, will use several different features from the iPhone.
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MillerCoors Q4 up on price rises and savings

MillerCoors, the second-largest brewer in the United States, posted a 32.5 percent jump in fourth-quarter net income as price rises and cost savings offset soft industry beer volumes.
Gold

India's Gold Demand Drops Below China Q4

Wild price swings caused by a volatile rupee sapped Indian buying interest in gold in the fourth quarter of 2011, with imports well short of expectations and no pick up expected this year, dropping it behind China for the first time.
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Jobless claims drop to near 4-year low

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week to a near four-year low, suggesting the labor market recovery was gaining steam.
Leader of China Xi Jinping and President Barack Obama.

Xi Jinping: New Friend of the U.S.?

Xi Jinping's visit to the United States is all the rage as Washington scurries to get a better impression of the presumed successor of President Hu Jintao. However, it would be premature to judge Xi's comfortable and amicable style as a sign of any weakness.
A General Motors Co Chevrolet Volt is seen during a news conference at GM's Warren Technical Center in Warren

GM Posts Weaker-Than-Expected 4Q Profit

General Motors Co (GM.N) posted a weaker-than-expected fourth-quarter profit as disappointing performance overseas offset strong results in North America.
US Capitol

Congress Reaches Payroll Tax Cut Extension Deal

A payroll tax cut for 160 million Americans, set to expire at the end of this month, would be extended through December under a bipartisan deal announced early on Thursday by U.S. congressional leaders.
Kinross Gold CEO Tye Burt

Kinross Gold Quarterly Profit Misses Expectations

Canada's Kinross Gold reported an operating profit that fell short of expectations on Wednesday, as weaker than expected sales and higher than expected costs weighed in the quarter and offset gains from a surge in the price of bullion.
Syrian security personnel inspect the site of an explosion in Syria's northern city of Aleppo

China Sends Senior Diplomat to Syria in Bid to End Violence

Before leaving Thursday, Vice Foreign Minister Zhai Jun said China does not approve of armed intervention to force regime change in Syria, adding that the trip was intended to end the bloodshed which has ravaged the country for almost a year.

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