Rally on Wall St to be put to test
A rally on Wall Street will be put to the test next week, with the S&P 500 at its highest level since before the collapse of Lehman Brothers in 2008.
World Bank chief says U.S. should lead some global bodies
A solid U.S. candidate to head the World Bank would be good for the United States and the bank because the world's largest economy should be represented in top international bodies, outgoing President Robert Zoellick said on Saturday, while emphasizing he has no role in the selection process.
BofA mortgage move not likely to have big consumer impact
Bank of America Corp appears to be going it alone in not selling mortgage loans to Fannie Mae, a move that, while sending an angry signal to the nation's largest mortgage-buyer, could force the bank to charge less attractive mortgage rates.
ECB Greek bond swap could pile pressure on euro zone: S&P
The European Central Bank's decision to exempt itself from taking losses on its Greek bonds gives its senior status in the bond market and may push up borrowing costs of other debt-strained euro zone countries, Standard & Poor's said on Friday.
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S&P 500 posts highest close in nearly four years
The S&P 500 rose on Friday to close at the highest level since before the collapse of Lehman Brothers in 2008, continuing a pattern of steady gains on signs of U.S. economic recovery.
Appeals panel assesses Porsche-VW short squeeze
Federal appeals judges on Friday honed in on whether a U.S. Supreme Court ruling limiting securities fraud lawsuits barred a $2 billion case by hedge funds accusing German automaker Porsche SE of fraudulently cornering the market in Volkswagen AG shares in 2008.
Hedge fund nominates slate to AOL board
Activist hedge fund Starboard Value LP nominated a slate of five candidates to AOL Inc's board, saying discussions with the company in the past two months had not yielded desired results.
Bankers urge G20 growth strategy, euro-zone risks remain
International bankers called on Group of 20 finance leaders on Friday to step up their efforts to promote economic growth, warning that spillover risks from the euro zone remain.
S&P 500 on track to end at four-year high
The S&P 500 was little changed on Friday but on track to finish at four-year highs after upbeat reports on housing and consumer sentiment.
Fed says policy appropriate, few hints of new stimulus
Top Federal Reserve officials said on Friday the U.S. central bank's ultra-easy monetary policy is appropriate for a sluggish economy but one policymaker said further easing would only be warranted if conditions worsen.
Hamas Breaks Links With Assad; Supports Opposition
This comes as something of a breakthrough since Assad had long provided a sanctuary for Hamas exiles.
Nord Gold May Pay First Dividend This Year - Report
Newly listed Russian gold miner Nord Gold may pay its first dividend this year after net profit rose 89 percent in 2011, driven by higher demand for the precious metal.
Evercore's Mestre steps down as U.S. banking head
Eduardo Mestre has stepped down as day-to-day head of Evercore Partners Inc's U.S. investment banking business, the New York-based company said in a regulatory filing.
Clearwire falls after Google says to sell stake
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.
Wall St rises slightly, 4-year high eyed
U.S. stocks edged up on Friday after reports on consumer sentiment and housing, but the data gave investors little reason to push past a resistance point at four-year highs.
Clearwire shares fall on Google stake sale
Clearwire Corp shares fell 6 percent on Friday after Google Inc said it would sell its stake in the company.
Consumer sentiment edges up to year high
Consumer sentiment improved a tad in February to rack up a year high as Americans became more confident about the economy's resilience, a survey released on Friday showed.
Housing, confidence data bolster growth outlook
New U.S. home sales fell in January but upward revisions to the prior months' data and a drop in the supply of properties on the market added to signs of a budding housing recovery.
Clearwire shares fall after Google says to sell stake
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, Belgium back combining Europe's rescue funds: source
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.
Zimbabwe Rejects Impala Platinum's 'Empowerment' Plan
Impala Platinum, the world's second largest platinum producer, said on Friday the Zimbabwean government had rejected part of an empowerment plan submitted by its unit Zimplats.
Showing rising confidence, U.S. funds ready to invest in Europe
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.
Wall St flat, rally may be vulnerable
Stocks were little changed on Friday, hovering around highs not seen since June 2008, while energy shares gained alongside crude oil prices.
Single-family home sales dip
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 eyes exports as route back to growth
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 hires Morgan Stanley executive for China: sources
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.
Politics Without Religion? Hell, No
TORONTO, Feb. 23 -- Muslim countries are overthrowing fundamentalist rulers and the United States could have a Mormon presidential candidate as religion keeps a firm, inevitable foot in politics.
Lofty oil new headache for debt-ridden Europe
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 futures point to modest gains at open
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.
Futures point to modest gains at open
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.
Gold Retreats as Investors Favor Stocks, Industrial Commodities
Gold retreated on Friday, shrugging off gains in the euro and struggling to maintain traction after this week's already hefty price climb, as buyers favored assets seen as higher risk such as stocks and industrial commodities.
Newmont Mining Sees Higher Costs, Reports Profit Decline
Newmont Mining said it expects a rise in costs for gold and copper in 2012, mainly due to higher labor and power prices and estimated lower production at a mine in Indonesia.
Futures rise ahead of sentiment, home sales data
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.
Venezuela: Hugo Chavez’ Anti-Semitic Election Campaign
Regardless of how Capriles identifies himself, his candidacy has unleashed a wave of anti-Jewish sentiments in Venezuela, a country with a long history of anti-Semitism.
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