Alcoa profit seen, but aluminum outlook cloudy
Wall Street expects Alcoa Inc to post a small fourth-quarter profit, but optimism is tempered by concern over aluminum prices and how much the auto and aerospace industries rebounded from the recession.
TV makers bet big on 3D, payoff uncertain
Television manufacturers are banking on 3D TVs for their next sales boost, with sets capable of adding that extra visual dimension expected to hit U.S. store shelves in force by the middle of 2010.
Wells Fargo mortgage case in Baltimore dismissed
Baltimore's defeat in a lawsuit accusing Wells Fargo & Co of steering minority borrowers to expensive home loans may not derail efforts by local governments to hold the biggest mortgage providers responsible for lending they contend hurts cities.rr
PersonalFinance: Where to put your money in 2010
Here's a prediction for 2010: Another wild ride in the stock and bond markets, in real estate and in interest rates. The economists and analysts are all over the place when it comes to this year, leaving individual investors on their own to prepare for anything and everything.
Three dead in St. Louis ABB factory shooting spree
A gunman walked into a North St. Louis factory with an assault rifle and a handgun and shot at least eight people early Thursday morning, killing at least three, according to reports.
Snowed-in Britons boost adultery website
Britons snowed in by the wintry weather have been flocking to an extra-marital dating site in the last 24 hours.
Dell displays small slate computer, runs Android
Dell Inc showed off a small slate computer that it could bring to market this year, exploring yet another type of device designed for computing on the go.
Ex-McKinsey exec says Rajaratnam paid $1.7 mln
A former McKinsey & Co director told a court on Thursday that Galleon hedge fund founder Raj Rajaratnam paid him $1.75 million in exchange for confidential information on clients to make illegal stock trades.
Tread carefully when presenting entrepreneurial experience
Dear Sam: I currently own and run a very successful consulting business on a part-time basis. I also maintain a full-time job. How do I incorporate my skills and experience gained from my own business, onto my résumé. The work experience is tremendous.
Dow, S&P gain on GE, BofA
The Dow and the S&P 500 rose on Thursday after Bank of America and General Electric rallied on positive broker comments, while the Nasdaq slipped as investors were cautious a day before the release of key monthly non-farm payrolls data.
Clean energy funds in first fall in 6 years: report
Global investment in low-carbon energy dipped in 2009 after five years of annual increases fueled by a political response to climate change and high oil prices, a report found on Thursday.
Economy seen stemming job losses
The U.S. economy stopped shedding jobs in December, ending two years of uninterrupted cuts, according to the most recent Reuters poll released on Thursday.
Q4 fixed-income slump hurts U.S. bank earnings
Fourth-quarter earnings for the big U.S. investment banks could disappoint investors if falling debt trading volumes hurt what had been the banks' key profit engines in the first three quarters of 2009.
Six Flags says could exit bankruptcy in March
U.S. theme park operator Six Flags Inc could emerge from bankruptcy as soon as March under an $830 million financing deal it is arranging with lenders, the company said in a regulatory filing on Thursday.
Dow and S&P gain on GE, BofA
The Dow and the S&P 500 rose on Thursday after Bank of America and General Electric rallied on positive broker comments, while the Nasdaq slipped as investors were cautious a day before the release of key monthly non-farm payrolls data.
GM, government backers show off first Volt battery
General Motors Co showed off the first battery pack for its electric Chevy Volt on Thursday with a ceremony that highlighted the automaker's dependence on U.S. government financing for its revival plans.
Fed's Hoenig says must tighten policy sooner rather than later
The Federal Reserve should tighten policy sooner rather than later to contain longer-term inflation pressures and avoid sowing the seeds of the next crisis, a top Federal Reserve policy-maker said on Thursday.
Ex-McKinsey director Kumar pleads guilty in Galleon case
A former McKinsey & Co director charged with leaking confidential information to Galleon Group founder Raj Rajaratnam became the seventh person to plead guilty in what U.S. prosecutors have called the biggest hedge fund insider trading case ever.
France to explore Google tax to pay creative work
French President Nicolas Sarkozy said on Thursday that he wanted the authorities to explore whether online advertising revenues of major search engines could be taxed in France as well as their home countries.
Ex-McKinsey director Anil Kumar pleads guilty in Galleon case
A former McKinsey & Co director charged with leaking confidential information to Galleon Group founder Raj Rajaratnam became the seventh person to plead guilty in what U.S. prosecutors have called the biggest hedge fund insider trading case ever.
Icahn considering proxy battle at Genzyme: source
Billionaire investor Carl Icahn, who last year forced board changes at biotechnology company Biogen Idec Inc , may take aim at cross-town rival Genzyme Corp , according to a source familiar with the situation.
Anil Kumar pleads guilty in Galleon case
A former McKinsey & Co director charged with leaking confidential information to Galleon Group founder Raj Rajaratnam became the seventh person to plead guilty in what U.S. prosecutors have called the biggest hedge fund insider trading case ever.
Cellular group says mobile calls safe from hackers
A wireless industry group said mobile phone conversations are safe from eavesdropping, even after a German security expert released the code for unscrambling calls made using most of the world's cell phones.
TV makers bet big on 3D but payoff uncertain
Television manufacturers are banking on 3D TVs for their next sales boost, with sets capable of adding that extra visual dimension expected to hit U.S. store shelves in force by the middle of 2010.
Motorola media tablet could be ready by Q4
Motorola Inc demonstrated a prototype media tablet that could be ready commercially by the fourth quarter, though the timing partly depends on an advanced mobile network being built by Verizon Wireless.
Retailers beat December sales forecasts
A late holiday shopping surge helped U.S. retailers beat analysts' sales estimates for December, but industry experts see the momentum fading early in 2010 as consumers return to saving their money.
CES2010: Dell shows off Alienware M11x and tablet prototype
At the Consumer Electronics Show in Las Vegas, Dell showed off a new Alienware M11x laptop that offers an 11.6 inch screen with a price tag of less than $1,000.
GameStop cuts profit view; holiday sales stagnate
GameStop Corp said on Thursday holiday sales failed to improve from 2008, and cut its fourth-quarter profit forecast, sending shares of the biggest U.S. videogame retailer to a 13-month low.
Artie Lange stabbed himself 9 times: Report
Artie Lange's hospitalization earlier this week was reportedly a result of nine self-inflicted stab wounds he suffered after he attempted to commit suicide. According to a New York Post Page Six source, the troubled comic and “Howard Stern Show” regular attempted to take his own life over the weekend.
Boost extends unlimited plan to full Sprint network
Boost, a unit of Sprint Nextel , said on Thursday that it would extend its $50-a-month unlimited service plan to the entire Sprint network in an effort to improve customer growth and handset choice.