Montag highest paid BoA executive in 2009
Bank of America Corp's investment banking chief Thomas Montag was the company's highest paid executive in 2009, after the company assumed his contract as part of its acquisition of Merrill Lynch, according to the company's proxy filing on Friday.
Toyota hid records in accident lawsuits: Lawmaker
New allegations that Toyota withheld emails and electronic records in previous passenger injury cases are causing a top lawmaker to question the car maker's response to complaints of unintended acceleration in its vehicles.
SeaWorld: We will not 'punish' whale, show must go on
SeaWorld president said they will not punish the orca that killed veteran trainer Dawn Brancheau on Wednesday.
Citi board; Armstrong, Mulcahy out, Zedillo in
Citigroup Inc's board is reshuffling, with former AT&T and Xerox executives Michael Armstrong and Anne Mulcahy stepping down and former Mexican President Ernesto Zedillo in line to join.
New Rocket could get you to Mars in 39 days
A new type of technology may bring Mars and distant planets even closer to home than previously imagined.
Fed officials at odds on right level for rates
Two top Fed officials on Friday offered divergent signals on interest rates, with one arguing they should remain near zero for at least six months and another wishing to raise them sooner rather than later.
Senator asks NBC about Olympic site pay-TV link
The top senator on antitrust matters has written to NBC to express concern that some of its Internet coverage of the Winter Olympics is limited to pay television subscribers.
Democrats struggle to advance jobs bill
Democrats in the Congress on Friday struggled to make headway on their top legislative priority -- job creation -- as the government prepared to shut off funding for many of the measures they hope will bring down the unemployment rate.
SeaWorld: Whale show up and running again
Two days after an orca killed veteran trainer Dawn Brancheau, Sea World officials said they will resume the Shamu Believe show on Saturday.
Comic startup cashes in on star power
When Barack Obama merely mentioned how much he liked his BlackBerry, the unofficial endorsement was said to be worth as much as $50 million. While not in the same stratosphere, a small comic book startup is using caricatures of the president, First Lady Michelle Obama and other big names to drive up sales.
Stocks rally on light volume after mixed economic data
In the last trading session of February, the stock market drifted higher for close with a modest gain as investors digested a revision of the fourth quarter U.S. Gross Domestic Product (GDP) report.
Best month since November in lackluster day for stocks
Stocks rose on Friday, capping their best monthly advance since November as data showed the economy grew a tad better than expected in the fourth quarter.
Myanmar court rejects Suu Kyi appeal
Myanmar's Supreme Court on Friday rejected an appeal by pro-democracy leader Aung San Suu Kyi against her house arrest, a ruling diplomats said would cast further doubt on the legitimacy of this year's election.
Clinton encouraged by signs on North Korea talks
U.S. Secretary of State Hillary Clinton said on Friday she was encouraged by signs that North Korea may be getting ready to return to stalled talks on its nuclear program.
Inventories buoy growth, but home sales slump
The economy grew a touch more than initially thought in the fourth quarter, but a surprise drop in January home sales to a seven-month low and weaker consumer sentiment underscored the headwinds for the recovery.
Thai court seizes $1.4 bln of Thaksin wealth
Thailand's top court on Friday seized $1.4 billion (919 million pound) of former premier Thaksin Shinawatra's family assets for abuse of his power, far less than expected, in a ruling that could appease some anti-government forces.
Obamas praise Rogers for 'People's House' work
President Barack Obama and First Lady Michelle Obama on Friday commended resigning White House social secretary Desiree Rogers for working to make sure the White House was the People's House.
Major quake hits off Japan, tsunami warning issued
A magnitude 7.3 quake hit Japan's southern island of Okinawa early on Saturday, the U.S. Geological Survey reported, and Japan's weather agency issued a tsunami warning for up to 2 meters.
NY governor withdraws from election bid
New York Governor David Paterson withdrew on Friday from the state governor's race, battered by questions of impropriety for his role in an assault case involving one of his top aides.
Scandal stricken NY Gov. drops out of election bid
New York Gov. David Paterson announced Friday that he will not seek election in the fall, after allegations involving him and a top aide.
Oil jumps nearly 2 percent on economic data, dollar
Oil jumped nearly 2 percent toward $80 a barrel on Friday, marking a more than 9 percent rise for the month, as an upward revision in U.S. gross domestic product for the fourth quarter helped revive sentiment.
New York Gov. Paterson withdraws from election race
New York Governor David Paterson said today he will not seek re-election.
White House social secretary Rogers to step down
White House social secretary Desiree Rogers, who faced criticism after a two uninvited guests attended a state dinner in November, will be resigning next month, she told Chicago Sun-Times columnist Lynn Sweet on Friday.
Google now lets you search 'nearby'
Google, the US search giant, unveiled a new way to filter search results based on a user's location.
Stock market lifted by health care and energy firms
The U.S. stock market edged up Friday on mixed economic data. The strength of the energy and health care sectors helped lift the broad market.
Frustated Paterson won't run for new term
New York Governor David Paterson said Friday he is ending his campaign to run for governor of New York in November.
Fed's Evans: rates low for extended period
A top Federal Reserve official said on Friday an erratic recovery dictates low rates for at least six months, while prominent economists said unsettled U.S. financial conditions are more of a drag on the economy than generally believed.
AIG posts $8.9 billion loss on loan repay, reserves
American International Group Inc reported a quarterly loss of $8.9 billion, hurt by loss reserves and efforts to repay the U.S. government, as it struggles to find its feet more than a year after its $182.3 billion rescue.
Wall Street edges up in low volume on mixed economic data
Stocks looked set to make their best monthly advance since November on Friday in a seesaw session as a drop in the U.S. dollar offset economic reports that came in mostly weaker than expected.
Citi rejigs board; Armstrong, Mulcahy out, Zedillo in
Citigroup Inc's board is reshuffling, with former AT&T and Xerox executives Michael Armstrong and Anne Mulcahy stepping down and former Mexican President Ernesto Zedillo in line to join.