ECONOMY & MARKETS

Traders work on the floor of the New York Stock Exchange

US futures edge lower; jobs data eyed

Futures on major U.S. stock indices point to modestly lower opening on Friday ahead of key U.S. monthly non-farm payrolls and unemployment data from the government.
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Traders work on the floor of the New York Stock Exchange

Why U.S. stocks can go up in 2011

The health of the American economy and the level of accommodation in monetary policy are the two most important factors that influence U.S. stock price movements. In 2011, it seems U.S. equities may get support both.
Traders work on the floor of the New York Stock Exchange

Stocks rally for second straight session

Stocks rallied for a second straight session as traders sentiment was buoyed by some strong November chain-store retail sales figures and by the European Central Bank (ECB) to maintain liquidity safety measures for troubled banks.
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Forex broker FXCM goes public with IPO

FXCM (NYSE:FXCM) raised about $211 million from its initial public offering (IPO) of 15,060,000 shares, priced at $14 per share -- the company now has a total market value of about $1 billion.
Traders work on the floor of the New York Stock Exchange

US futures pare gains after jobless claims

Futures on major U.S. stock indices point to higher opening on Thursday but pared earlier gains after the Department of Labor reported that weekly jobless claims climbed last week.
Bottles of Pepsi cola are seen in a display at PepsiCo's 2010 Investor Meeting event in New York

PepsiCo Becomes Russia's Biggest Food, Beverage Co. With Wimm-Bill-Dann Buy

PepsiCo Inc. announced an agreement to acquire 66 percent of Russia's dairy and fruit juice company Wimm-Bill-Dann Foods for $3.8 billion to boost its base in key markets in Eastern Europe and Central Asia. Upon completion of the deal, PepsiCo will be around twice the size of its nearest food and beverage competitor in Russia.
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Protectionism, stimulus and bailouts cripple global trade growth

World trade growth slowed in the third quarter of the year, according to the latest World Trade Organization (WTO) figures. An 18 percent rise in global merchandise trade annually in value terms was remarkably lower than the 26 percent increase registered in the second quarter.
Woman with an umbrella walk past the logo of TUI AG outside the company's headquarters

TUI Travel posts full-year loss on weak UK trading

Europe's biggest tour operator TUI Travel reported a full-year pretax loss, blaming weaker trading in the UK, mainly due to increased winter losses resulting from capacity-led volume reductions. However, underlying pretax profit rose 4 percent on good turnaround progress.
3. The value of the euro is being talked down by officials from core Europe.

Why did Germany and France spook the euro?

France and Germany, the two leading countries of the euro zone, may have intentionally engineered a competitive currency devaluation by pushing private investors to share the burden of future sovereign bailouts.
Traders work on the floor of the New York Stock Exchange

US stocks rally on strong economic data

U.S. stocks rallied in early trade on Wednesday as strong data on private payrolls, and better-than-expected manufacturing reports from China and Europe buoyed sentiment.
Cyber Monday

Cyber Monday sales tops $1-billion for first time

Consumers spent $1.028-billion online during Cyber Monday, up 16 percent from a year ago, and first time such spending surpassed the billion-dollar level. It was also the busiest online shopping day ever.
US traders.

US futures extend gains after ADP report

Futures on major U.S. indices extended earlier gains on Wednesday after ADP reported that private-sector employment recorded the largest gain in three years in November.
Eurogroup Chairman Juncker, Belgium's Finance Minister Reynders and EU Commissioner Rehn address a news conference at the end of a EU finance ministers meeting in Brussels

Analysis: Break-up of eurozone needn’t be a difficult process

The force of political will binding together a seemingly crumbling euro zone is still strong, but the imperatives of domestic economic realignments could force members to an exit option, analysts have said; and the road out of the bloc doesn’t exactly look daunting.

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