IBT Staff Reporter

Toronto's main stock index finished lower for the first time this year on Friday, as resource and financial issues fell after Canadian and U.S. jobs data failed to impress investors.

Yogawear retailer Lululemon Athletica Inc said on Friday that its charismatic founder Chip Wilson will step down from his executive position.

Canada gained 17,500 jobs in December, but the jobless rate rose and the new positions were all part time, further evidence its post-recession hiring surge has ended even as U.S. jobs growth finally picks up the pace.

An Ontario judge has ruled that a C$50 billion ($48.82 billion) lawsuit against a group of 14 tobacco companies can proceed, after rejecting an application to dismiss the lawsuit by a group of seven companies.

Whistle-blowers earned more than $532 million in 2011 through lawsuits alleging fraud against the U.S. government, a record for such payouts, according to a law-firm study published on Friday.

Whistleblowers earned more than $532 million in 2011 through lawsuits alleging fraud against the U.S. government, a record for such payouts, according to a law firm study published on Friday.

A U.S. congressional committee will hold a hearing on Feb. 2 to examine the role credit rating agencies played in the collapse of MF Global Holdings Ltd, a congressional staffer said on Friday.

EBay Inc's PayPal unit is testing in-store payments with Home Depot, one of the largest retailers in the United States, as the online payments provider moves to expand into the physical world of brick and mortar.

Symantec Corp, the top maker of security software, said hackers had exposed a chunk of its source code, which is essentially the blueprint for its products, potentially giving rivals some insight into the company's technology.

Two weeks after disclosing that its website had been hacked, a private intelligence analysis firm on Friday warned subscribers that hackers were now circulating false emails offering the company's services for free.

Four Sprint Nextel executives are leaving in a corporate reshuffle at the No. 3 U.S. mobile provider involving the merger of sales and marketing for its business and consumer services operations, Sprint CEO Dan Hesse said.

Goodbye, Parentlode.New York Times Co, which has a parenting blog known as Motherlode, has agreed to settle a lawsuit against the Huffington Post after that website decided to change the name of its new Parentlode blog.

Goodbye, Parentlode.New York Times Co, which has a parenting blog known as Motherlode, has agreed to settle a lawsuit against the Huffington Post after that website decided to change the name of its new Parentlode blog.

Yahoo Inc is searching for new members for its board of directors, following its hiring of a new chief executive, according to a person familiar with the matter.

U.S. stocks have strayed from their recent link to euro moves, and the start of U.S. corporate earnings next week could help shift investor focus back to U.S. fundamentals from Europe.

Motorola Mobility Holdings Inc warned that its fourth-quarter 2011 revenue would miss Wall Street expectations as it was weighed down by tough competition and legal expenses in what is usually the best quarter of the year.

Oracle Corp can't appeal an order slashing its $1.3 billion copyright infringement verdict against SAP AG until it decides whether it will reject the lower, court-imposed damages award, a U.S. judge ruled on Friday.

U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.

Sprint Nextel , the No. 3 U.S. mobile service, is merging sales and marketing for its business and consumer operations as part of a streamlining that includes the departures of four top executives, according to Sprint CEO Dan Hesse.

Sprint Nextel , the No. 3 U.S. mobile service, is merging sales and marketing for its business and consumer operations as part of a streamlining that includes the departures of four top executives, according to Sprint CEO Dan Hesse.

Camera maker Canon Inc plans to meet its sales target of 5 trillion yen ($64.84 billion) in 2015 through diversification into medical equipment and movie cameras, the Nikkei business daily said.

Motorola Mobility Holdings Inc. warned on Friday that its fourth-quarter revenue would miss Wall Street expectations as it was weighed down by tough competition and legal expenses in what is usually the best quarter of the year.

A federal bankruptcy judge rejected Lehman Brothers Holdings Inc's bid to block a company run by billionaire Sam Zell from buying part of apartment company Archstone, impeding Lehman's efforts to ultimately buy the entire company at a lower price.

The move by Warner Bros., a subsidiary of Time Warner, doubles the current 28-day delay on DVD rentals.

Stocks rose in the first week of this year, even though news that the U.S. jobless rate neared a three-year low did not whet interest in equities on Friday.

Stocks rose in the first week of 2012, even though news that the U.S. jobless rate neared a three-year low did not whet interest in equities on Friday.

A new poll shows Mitt Romney leading in South Carolina just two weeks before it holds the third vote of the 2012 Republican primary season.

“One Shot,” author Lee Child’s ninth suspense novel, is currently finishing production as a big-budget action thriller starring Tom Cruise as Jack Reacher.

Stocks were on track to post gains for the first week of 2012 on Friday as signs of a sustainable economic recovery overshadowed lingering concerns about the euro zone's debt crisis.