No timetable for restarting California nuclear plant: Jaczko
The top U.S. nuclear official said on Friday his agency has not set any timetable for restarting the troubled San Onofre nuclear station in Southern California and that it would only do so if safety was assured.
Housing secretary pushes mortgage write-downs
The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief.
Ex-Intel employee pleads guilty to theft charges
A former Intel Corp employee who allegedly stole from the chipmaker documents worth hundreds of millions of dollars pleaded guilty on Friday to five counts of wire fraud.
Air Pollution in China: Government Air Quality Figures Questioned
The government's reporting on air quality is creating debate and suspicion in China, where people are increasingly doubting the pollution data released by the authorities.
Political spending on TV ads may be posted online
U.S. regulators on Friday proposed a rule that would move television broadcasters' public files to the Internet, making it easier to access information about political spending on TV advertising.
Dodgers to emerge from bankruptcy on April 30
Los Angeles Dodgers said on Friday it expects to emerge from bankruptcy by the end of April, after a group spearheaded by basketball great Earvin Magic Johnson last week agreed to buy the baseball franchise.
Treasury freezes pay for CEOs at Ally Financial, GM, AIG
The chief executives of General Motors , AIG, and Ally Financial had their 2012 compensation packages frozen for a second year in a row by the Treasury Department after they got exceptional bailout help during the financial crisis.
U.S. court wary of Apple request to block Samsung
A U.S. appeals court on Friday showed few signs that it was prepared to support a request by Apple Inc to block immediately the sale of some Samsung Electronics smartphones and tablets.
Yahoo products chief leaves company ahead of reorganization
Yahoo Inc's head of products is leaving the company, ahead of a major reorganization aimed to return the struggling Web company to growth.
Gas Prices in China Cause Outrage
Faced with rising gas prices, Chinese citizens are becoming increasingly frustrated. In late March, the price at the pump in China for regular gasoline reached over 8 yuan per liter, or over $4.8 per gallon. Premium gasoline in China now sells for more than $5 per gallon.
Wall Street Week Ahead: Will earnings spark further declines?
Since October, estimates for first-quarter earnings growth have tumbled while the S&P 500 has surged. With the earnings season starting next week, the outlook is not as sunny as in previous quarters.
Disappointing March jobs report sends futures lower
Stock futures closed lower on Friday in brief, holiday-thinned trading after a much weaker-than-expected report on U.S. job growth for March.
Employment gains slow, jobless rate drops
Payrolls rose far less than expected in March, keeping the door open for further monetary policy support from the Federal Reserve, even as the unemployment rate fell to a three-year low of 8.2 percent.
U.S. online jobs index flat at 143 in March
A monthly gauge of online labor demand in the United States held steady in March, with transportation and retail registering strong growth, the operator of a job search website said on Friday.
Wall St Week Ahead: Will earnings spark further stock declines?
Since October, estimates for first-quarter earnings growth have tumbled while the S&P 500 has surged. With the earnings season starting next week, the outlook is not as sunny as in previous quarters.
Samsung Estimates Record Q1 Profit, Beats Most Bullish View
Samsung Electronics, the world's top technology firm by revenue, estimated operating profit nearly doubled in January-March from a year ago, boosted by sales of its flagship Galaxy smartphones and its Note mini-tablet and phone.
Samsung estimates record first quarter profit; beats most bullish view
Samsung Electronics, the world's top technology firm by revenue, estimated operating profit nearly doubled in January-March from a year ago, boosted by sales of its flagship Galaxy smartphones and its Note mini-tablet and phone.
Coke withdraws from group that backs Stand Your Ground law
Coca-Cola Co is dropping its membership in a conservative national advocacy group that supports Stand Your Ground laws such as the one being used as a defense in the Florida killing of an unarmed black teenager, Trayvon Martin.
U.S. grain group recommends safeguards after MF Global collapse
The largest U.S. grain trade group on Thursday said Congress and commodities regulators should adopt its recommendations to protect customer funds and restore market confidence after the collapse of giant broker MF Global.
Former Tyco CEO Kozlowski Denied Parole
Dennis Kozlowski, the former Tyco International CEO whose $6,000 shower curtain made him a symbol of corporate greed, was denied parole this week, New York's Department of Corrections said on Thursday.
Federal Judge Approves $25B Mortgage Pact
A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents.
Accused LulzSec hacker pleads guilty in Sony breach
Accused LulzSec hacker Cody Kretsinger pleaded guilty on Thursday in federal court in California to taking part in an extensive computer breach of Sony Pictures Entertainment.
Federal judge approves $25 billion mortgage pact
A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents.
Yahoo plans Tuesday reorganization meeting: source
Yahoo Inc CEO Scott Thompson will outline his long-term strategy and vision for the struggling Internet company at an all-hands meeting for staff next Tuesday, a source at the company told Reuters, days after Thompson announced the deepest round of job cuts in years.
Coke withdraws from advocacy group that backs gun laws
Coca-Cola Co is dropping its membership in a conservative national advocacy group that supports Stand Your Ground laws such as the one being used as a defense in the Florida killing of an unarmed black teenager, Trayvon Martin.
Analysis: Forex fine print haunts BNY Mellon, State Street
State Street Corp has unveiled a new twist in its legal defense against charges of foreign exchange fraud: We're not like Bank of New York Mellon Corp . While both custody banks deny they routinely overcharged state pension fund clients on foreign-exchange trades, State Street is trying to score points in court by highlighting differences in the phrases it used in market...
Facebook picks Nasdaq for marquee listing: source
Facebook Inc, preparing what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing in a major victory for the technology-laden U.S. bourse, a source familiar with the situation said on Thursday.
Exclusive: Yahoo plans Tuesday reorganization meeting: source
Yahoo Inc CEO Scott Thompson will outline his long-term strategy and vision for the struggling Internet firm at an all-hands meeting for staff next Tuesday, a source at the company told Reuters, days after he announced the deepest round of job cuts in years.
Google CEO touts gains, focuses on long term bets
Google Inc's chief executive said the company's fledgling social network, Google+, has scored more than 100 million active users, and he reiterated the Internet search giant's commitment to making long-term bets.
S&P 500 posts worst week in 2012 as bulls waver
Stocks mostly dipped on Thursday, but the S&P 500 ended its worst week this year as growing pressure on Europe's debt markets revived concerns about the region's financial stability.