Analysis: Spain should temper austerity, look to growth
Meeting Spain's draconian austerity targets would cost every worker more than 2,000 euros this year, and even unforgiving markets sense it may be time for the government to moderate the pain and try to bolster a stagnant economy.
Merkel Broadens Diplomatic Drive for EU March Summit
German Chancellor Angela Merkel will gather the leaders of Austria, Sweden and Portugal next Thursday in a bid to broaden consultations on key European Union issues after criticism about Germany and France making too many big decisions themselves.
Instant view: JPMorgan posts lower quarterly profit
JPMorgan Chase & Co reported lower fourth-quarter profit as the European debt crisis continued to weigh on trading and corporate deal-making.
iPhone sales halted after shoppers pelt Apple store
Enraged Chinese shoppers pelted Apple Inc's flagship Beijing store with eggs and shoving matches broke out with police on Friday when customers were told the store would not begin sales of the iPhone 4S as scheduled.
Reports of S&P euro zone cuts weigh on stock futures
Stocks were set to retreat from five-month highs at the open on Friday after reports that Standard & Poor's was set to downgrade the ratings on several euro zone countries.
November trade gap widens, biggest since June
The trade deficit widened in November to its largest in five months, suggesting imports weighed on economic growth a bit more than expected during the fourth quarter.
Novartis cuts 2,000 U.S. jobs after drug setback
Novartis AG plans to axe nearly 2,000 of its U.S. workforce ahead of the patent loss of top-selling blood pressure drug Diovan there and will take a $900 million charge after another of its key drugs failed to live up to expectations.
JPMorgan Q4 net falls 23 percent but meets estimates
JPMorgan Chase & Co's fourth-quarter earnings fell 23 percent, in line with Wall Street expectations, as the European debt crisis depressed trading and corporate deal-making.
JPMorgan weighs on stock futures, data eyed
Stock index futures dipped on Friday after JPMorgan Chase reported lower quarterly profit and ahead of trade and consumer sentiment data.
India court warns Web giants about China-style controls
Internet giants including Google and Facebook are embroiled in a growing battle in India over offensive content with a judge warning websites may be blocked like in China, stoking worries about freedom of speech in the world's largest democracy.
JPMorgan weighs on stocks futures ahead of data
Stock index futures dipped on Friday after JPMorgan Chase reported lower quarterly profit and ahead of trade and consumer sentiment data.
Inpex, Total approve $34 billion LNG project in Australia
Japanese group Inpex <1605.T> and French oil group Total gave the go-ahead for a $34 billion liquefied natural gas export project that will see Australia overtake Qatar by 2017 as the world's top LNG exporter, mostly to Japan.
Italy bond auction fails to match Spanish success
Italy's three-year debt costs fell below 5 percent but its first bond sale of the year failed to match the success of a Spanish auction the previous day, reflecting the heavy refinancing load Rome faces over the next three months.
JPMorgan 4Q Net Falls 23 Percent but Meets Estimates
JPMorgan Chase & Co.'s fourth-quarter earnings fell 23 percent, in line with Wall Street expectations, as the European debt crisis depressed trading and corporate deal-making.
McDonald's extends Olympic sponsorship to 2020
Fast food chain McDonald's has signed up to sponsor the Olympics for a further eight years, meaning athletes and fans will be offered its burgers and fries in the official restaurants at Games venues until 2020.
ING Cuts Target, no Dividend Until Aid Repaid
Dutch financial services group ING cut a target for its bank unit and said another would take longer to achieve than expected due to bank taxes and higher capital requirements, which could also delay the repayment of remaining state aid it owes.
McDonald's extends Olympic sponsorship to 2020
Fast food chain McDonald's has signed up to sponsor the Olympics for a further eight years, meaning athletes and fans will be offered its burgers and fries in the official restaurants at Games venues until 2020.
Morgan Stanley to Trim Fees, Size of $4.7 Billion Megafund
Investors have approved a year-long extension of a $4.7 billion property megafund from Morgan Stanley , a company spokesman told Reuters on Friday.
Ron Paul 2012: Voters Explain How He Won Them Over
Four years ago, Ron Paul was a fringe candidate. Now, he is a legitimate contender for the Republican nomination. The International Business Times talked to some of the new Paul converts about what won them over.
Stock Futures Mixed; JPMorgan Earnings Eyed
Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 down 0.05 percent, Dow Jones futures down 0.1 percent and Nasdaq 100 futures up 0.16 percent at 1039 GMT.
Telcos to halt mobile network spending spree
Telecom operators globally are expected to cut spending on their networks this year, hitting equipment makers that were only just beginning to recover from intense price wars and the last economic downturn.
Italy 3-Year Debt Costs Fall at Bond Auction
Italy's three-year debt costs fell below 5 percent at the first bond auction of the year spurring hopes the troubled borrower would be able to make it through a refinancing hump in the first months of the year.
Exclusive: TPG willing to invest $1 billion in Olympus
Private equity firm TPG Capital is willing to invest about $1 billion in Japan's Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG's thinking said.
Inpex approves $34 billion Ichthys LNG project in Australia
Japan's Inpex Corp <1605.T> gave the go-ahead on Friday for a $34 billion liquefied natural gas export project that will make Australia the world's top exporter of the fuel by 2017, overtaking Qatar.
Euro, stocks up ahead of Italian debt sale
European shares and the euro rose on Friday on expectations debt-scarred Italy's first bond sale of the year would go well, but unease over Greece's debt swap deal and prospects for the broader euro zone economy capped gains.
Novartis to slash nearly 2,000 U.S. jobs
Novartis AG is cutting nearly 2,000 jobs in the United States ahead of the patent loss of top-selling blood pressure drug Diovan as it braces for tough market conditions and a slump in sales of another key drug.
BofA mulling retreat if financial problems worsen: report
Bank of America Corp , the second-largest U.S. bank by assets, has informed U.S. regulators that it is willing to draw back from some parts of the country if its financial problems worsen, the Wall Street Journal reported on Friday, citing people familiar with the situation.
Dip in China's FX reserves may hasten policy shift
China's official reserves slipped to $3.18 trillion in the final quarter of 2011, signaling that the days of rampant export-led accumulation of foreign currency are numbered and that new monetary policy steps may be needed to counter capital outflows.
China iPhone sales halted after shoppers pelt Apple store
Enraged Chinese shoppers pelted Apple Inc's flagship Beijing store with eggs and shoving matches with police broke out when customers were told the store would not begin sales of the popular iPhone 4S as scheduled.
Apple to halt sales of latest iPhone in China retail stores
Apple Inc said on Friday it will stop selling its latest iPhone in its retail stores in Beijing and Shanghai to ensure the safety of its customers and employees.