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Oil down on Libya, Japan uncertainty

Oil prices slipped on Tuesday for a third consecutive day as rebels and government troops battled for supremacy in Libya and more bad news from Japan's stricken nuclear plant sapped investor confidence.

Syrian govt. could step down today as protests divide country

Supporters of Syria's President Bashar al-Assad shout slogans in Syria's northern city of Aleppo March 27, 2011. REUTERS/G

Syria on Tuesday offered olive branch to the swelling ranks of protesters by announcing the intent to carry out a full clean-up of the government even as the country slipped into a visible division between those who support president Bashar Al-Assad and those baying for his blood.

Fed hawk Hoenig to step down October 1

Thomas Hoenig, one of the most outspoken anti-inflation hawks among senior Federal Reserve officials, will step down as president of the Kansas City Fed October 1, the bank said on Friday.

Fed's Hoenig set to step down October 1

Thomas Hoenig, one of the most outspoken anti-inflation hawks among senior Federal Reserve officials, will step down from the Kansas City Fed October 1 as widely expected after he reaches mandatory retirement age, according to a bank statement on Friday.

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Traders work on the floor of the New York Stock Exchange

US stocks edge down as Middle East turmoil continues

US stocks edge down as turmoil in the Middle East continues to rage on.

Wall Street ends down; geopolitical fears remain

U.S. stocks closed down, snapping a three-day winning streak on Tuesday, even as investors adjusted to the insecurity created by events in Japan, the Middle East and North Africa.

Investment bank income down 23 percent on year

Income for top investment banks fell by almost a quarter last year to $167 billion from a record performance in 2009, according to an industry report.

Microsoft Slays Spam Monster Rustock

Microsoft and federal agents took down Rustock, a botnet responsible at its peak for nearly half of the world's spam.

Microsoft says helps take down spam e-mail network

Microsoft Corp claimed credit on Thursday for taking down one of the biggest producers of spam e-mail in a joint effort with federal authorities across the United States.

Japan plays down need for yen action from G7

Japan dismissed the need for joint action to curb the soaring yen ahead of a conference call of G7 finance ministers and sources said the group of rich nations was more likely to offer general pledges of solidarity as Tokyo struggles to contain a nuclear crisis.

Japan's Asahi Shimbun likens nuclear crisis to Chernobyl

Leading Japanese newspaper Asahi Shimbun has said in an editorial the worsening nuclear crisis is comparable to the Chernobyl disaster, saying four nuclear reactors standing in a line are simultaneously spinning out of control.

Kraft CFO to step down; operations exec to take job

Kraft Foods Inc said on Monday its chief financial officer will step down in mid-2011 and be replaced by the executive who oversees the food maker's operations.

Breaking News: Explosion heard at Japan's nuclear plant

An explosion was heard at the quake-hit nuclear plant of Japan on Saturday, soon after speculations of melt-down were made following the failure of the cooling system of the plant due to Friday's powerful earthquake and tsunami.

Wall St ends down as chip sector weighs

U.S. stocks fell on Wednesday, as a weak outlook from Texas Instruments weighed on the Nasdaq and pushed an index of chip makers below a key technical level in a worrisome sign for the market's six-month uptrend.

Protesters seeking the closure of the Guantanamo Bay detention facility demonstrate outside the White House in Washington, January 11, 2011.

Obama backtracks on Guantanamo; detention center to stay open

President Barack Obama went back on his campaign promise to close down Guantanamo Bay detention center for suspected terrorists and signed an executive order to create a system for indefinitely holding suspects at the military prison.

Brent below $115 on reports Gaddafi seeks way to step down

Brent crude fell below $115 on Tuesday on reports Libyan leader Muammar Gaddafi was looking for a way to step down and end the fighting that has slashed the nation's oil exports, while OPEC's assurances of supply also soothed investors.

Web startups clamp down on trading of their shares

Internet entrepreneur Art Norins was sick of the nonstop phone calls and e-mails from people seeking to buy shares of his company.

Wall St ends down; up slightly for week

U.S. stocks closed down and erased most of gains for the week on Friday as fears of more geopolitical turmoil and higher oil prices threaten to stifle rallies in coming weeks.

Geithner plays down oil supply risks

Rich nations could tap strategic oil reserves if needed to ward off the risk that Middle East political unrest triggers an inflationary price spiral, Treasury Secretary Timothy Geithner said on Thursday.

Bankers bonuses down, but Europe still crying

The rancor over bank bonuses means investment bankers across the globe are now getting a higher level of fixed pay but industry groups in Europe still feel their financial sector is facing much tougher rules than the rest of the world.

Senate votes to strip down patent reform bill

The Senate voted on Tuesday to strip controversial provisions out of a bipartisan bill to revamp the U.S. patent system and clear a years long backlog of patent applications.

Oscar ratings down seven percent, hosts blamed

James Franco and Anne Hathaway were chosen as the hosts for the 83rd Annual Academy Awards with the hope of appealing to a younger demographic. Even so, the pair failed to pull big ratings during the awards ceremony.

Euro zone inflation revised down in Jan, seen rising

Euro zone inflation was lower than initially estimated in January but still well above the European Central Bank's target and likely to rise further in February due mainly to more expensive oil.

Sudan clamps down on election protest

Sudanese riot police and security agents surrounded organisers of a protest against alleged election fraud on Sunday, witnesses said, in the latest sign of a clampdown following uprisings across the Arab world.

Fed officials play down oil price risks

The Federal Reserve would react to higher oil prices only if the increases spilled over into broader areas, officials of the U.S. central bank said on Friday, with one policy maker calling the risks manageable.

Wall St rebounds from sell-off, but down for week

U.S. stocks rose on Friday, bouncing back from a three-day sell-off as oil prices stabilized, but unease over the Libyan rebellion could be enough to keep buying in check.

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