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Stocks dip as U.S. GDP fails to cheer

The U.S. stock market is trading slightly down in early Friday trading, showing little enthusiasm over the revised Gross Domestic Product (GDP) report.
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Stock market closes up; basic materials lead rally

After declining for most of the day on continued worries of contagion from Greece's sovereign debt and a disappointing nonfarm payrolls report, U.S. stocks staged a comeback around 2:00 pm to close higher, led by commodities firms.
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Dow, S&P fall as Pfizer, Obama reforms weigh

Stocks mostly fell on Wednesday as Pfizer's disappointing outlook weighed on the health sector, and President Obama's pledge to complete banking and healthcare reform revived fears of increased regulation.
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Signs of media recovery abound as earnings roll in

Even the most creative media executives would have been hard pressed a year ago to conjure up a world of solid profits, soaring stock prices and cash stockpiles big enough to support higher dividend payouts.
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Microchip to buy Silicon Storage; Q3 beats Street

Semiconductor company Microchip Technology Inc said it would buy flash chip maker Silicon Storage Technology for about $273 million in cash and reported third quarter results which beat market expectations.
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Citi deal boosts its stake in Chile No. 2 bank

Citigroup has increased its stake in a Chilean financial firm that controls the country's No. 2 bank, Banco de Chile, in an operation worth $513 million, the firm's parent company said on Friday.
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Donald Trump eyeing Stuyvesant Town: report

Real estate tycoon Donald Trump is considering whether to either buy or manage Stuyvesant Town and Peter Cooper Village housing complex in Manhattan, the New York Post reported.

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