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Haiti faces long, difficult road to recovery

Haiti's leaders can point to progress since a powerful earthquake devastated the country but just surviving the first weeks' chaos, hunger and overwhelming loss may be the easiest part of a long recovery.

NATO troops clash with Afghan allies

NATO troops clashed with their Afghan allies in a so-called friendly fire incident on Saturday, calling in air strikes that killed four Afghan soldiers and stoked anger among villagers.

Policymakers see growth reviving, still fragile

World economic growth may be springing back faster than expected but recovery remains fragile and a better balance is needed between exporting and importing nations, top policymakers said on Saturday.

Trade ministers gloomy on WTO prospects

Trade ministers expressed gloom on Saturday about the prospects of concluding stalled global trade liberalization talks this year, with many blaming the United States for foot-dragging.

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Are U.S. stocks set for a down year?

The adage 'as January goes, so goes the year' bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. In the coming week, they will have to contend with fears of sovereign defaults and the potential for unpleasant surprises in the U.S. labor market.

Toyota U.S. sales halt seen well into February

Toyota Motor Corp's crippling sales shutdown of eight models due to a U.S. safety recall will continue until at least mid-February, sources briefed on the matter said on Friday.

Texas judge warns CPS in Texas nuclear dispute

NRG Energy Inc CEO David Crane said on Friday the company would not pursue construction of two nuclear reactors in Texas if the project loses a federal loan guarantee due to a dispute with partner CPS Energy.

American Express CEO gets base pay jump

American Express Co raised Chief Executive Kenneth Chenault's base pay by 60 percent to $2 million for 2010, in the latest instance of Wall Street firms boosting regular executive compensation while cutting bonuses.

Rivals take aim at Toyota customers amid recall

Toyota Motor Corp's largest rivals are declaring open season on the automaker at a time when the industry leader is seen as most vulnerable in its largest market.

Tech stocks slide, commodities recover in after hours trading

Technology stocks fell and commodities shares recovered in after hours trading on Friday after the sectors showed the biggest market drops during the regular session.

Second SEC/BofA case on track for summer trial

The second of two U.S. Securities and Exchange Commission lawsuits against Bank of America Corp over the Merrill Lynch & Co takeover may be ready for trial as soon as this summer, with a trial on the first lawsuit set to begin on March 1.

Barclays urges dismissal of Lehman windfall suit

Barclays Plc urged a judge to throw out a lawsuit by Lehman Brothers Holdings Inc's bankruptcy estate alleging that it reaped a secret $5 billion profit from its rushed September 2008 purchase of the company's U.S. brokerage.

Obama remarks on GOP House Issues Conference (Full Text)

President Barack Obama addressed the GOP House Issues Conference in Baltimore on Friday where he criticized the Republican party of trying to prevent passage of his policies and made a call for their support in the creation of jobs.

Vivendi faces damages, to appeal jury verdict

French media company Vivendi SA is liable for potentially billions of dollars in damages because it misled investors about its financial condition before a $46 billion merger nearly 10 years ago, a U.S. jury found on Friday.

Economy soars 5.7 percent, fastest in 6 years

The economy grew at its fastest pace in more than six years in the fourth quarter, surprising economists, as businesses curbed their aggressive cut in stocks and stepped up spending.

Chevron Q4 profit down, sees 2010 output up 1 percent

Chevron Corp posted a drop in quarterly profit on Friday, and its new boss said the second-largest U.S. oil company had plenty of work to do on its own project line-up without making any big acquisitions.

Stocks fall on euro-zone worry, tech slide

Stocks dropped on Friday, as worries about fiscal turmoil in Europe and a drop in technology stocks pushed the S&P 500 to its worst monthly decline since February 2009.

After Haiti quake, traders get back to business

Garment factories are spinning out T-shirts again and street markets are packed, but Haiti's wrecked capital and damaged port show the huge task ahead in repairing the economy after a huge earthquake.

Vivendi liable, Messier not liable in investor suit

French media company Vivendi SA is liable for damages because it misled investors, a U.S. jury found on Friday.

Laws banning cellphone use while driving have no effect: study

As state legislators across the United States enact laws that ban phoning and texting while driving, a new study is showing no reductions in crashes after hand-held phone bans take effect.

Stocks fall on euro worry, tech drop

Stocks fell on Friday, erasing an earlier advance, as worries about fiscal turmoil in Europe and a drop in technology stocks offset positive reports on the economy.

Obama jobs push: $5000 tax break per new worker in 2010

President Barack Obama on Friday proposed a $5,000 tax credit per new employee in 2010 as well as tax break for salary increases.

Democrats vow to move ahead on healthcare

The day after President Barack Obama's State of the Union address to the Congress, leaders in the Senate and the House of Representatives said they would not abandon the bill despite sharp Democratic divisions on how to proceed.

Linebacker Jordan Hicks announces his pick: Texas

Linebacker Jordan Hicks of Lakota West High School in West Chester, Ohio who is one of the elite recruits in the U.S., announced Friday afternoon that he chose the scholarship offered by Texas.

Nokia, Motorola win smartphone share; outlook weighs

Nokia and Motorola Inc are regaining some market share in smartphones but while Nokia has profited from the gains, Motorola predicted a loss in the current quarter.

Newell shares down on Venezuela hit to '10 profit

Newell Rubbermaid Inc posted a fourth-quarter profit on cost-cutting and lower raw materials prices, but the maker of Rubbermaid containers and Sharpie pens said the recent devaluation of Venezuela's currency would hurt 2010 results, sending shares down 4 percent.

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