Business News - The Last 24 Hours

Vanishing inflation bolsters case for Fed easing
Reuters - 1 hour 2 min ago
WASHINGTON (Reuters) - It has only been a few days since the Federal Reserve adopted a formal goal for inflation, and already policymakers are missing their target.

RELATED:

BusinessWeek - Fed’s Dudley Sees Significant Impediments to Economic Growth - 4 hours 54 min ago

Reuters - Asian stocks pause after rallying on Fed - 17 hours 38 min ago

Indiatimes - Fed Reserve: May need rate hike before late 2014 - 17 hours 48 min ago

COMMENTARY:

Seeking Alpha - What The Fed's Past Can Tell Us About Our Future - 48 min 52 sec ago

WSJ Blogs - Real Time Economics : Fed Inflation Hawks Moved Bond Market Most - 3 hours 8 min ago

BusinessInsider - NY Fed's Dudley: The US Economy Has 'Significant Excess Slack' - 6 hours 20 min ago

Wall Street Pit - Potential Fed QE3 Informing Anti-Dollar Trades - 8 hours 20 min ago

Minyanville - Fed to Reignite Agflation in 2012? - 9 hours 9 min ago

Zero Hedge - The Fed Cannot Move Without a Crisis… And One is Coming - 22 hours 23 min ago

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Fitch Downgrades Ratings of Italy and Other Countries
New York Times - 1 hour 5 min ago
The agency also lowered the credit ratings of Belgium, Cyprus, Slovenia and Spain and indicated there could be further cuts in the next two years.

RELATED:

AP - Fitch downgrades credit ratings for 5 EU nations - 5 hours 18 min ago

Reuters - Fitch cuts Italy, Spain, other euro zone ratings - 5 hours 29 min ago

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DealBook: Buzz on a Facebook I.P.O. Grows Louder
New York Times - 1 hour 10 min ago
Facebook may file a prospectus as early as next week, according to people with knowledge of the matter, who demanded anonymity because discussions are private. But the company is still hammering out a final date.

RELATED:

Indiatimes - Facebook makes Timeline feature compulsory - 12 hours 6 min ago

New York Times - Economix Blog: Facebook Chat About the 'iEconomy' Series - 23 hours 7 min ago

COMMENTARY:

Seeking Alpha - The Facebook Effect - 1 hour 48 min ago

BusinessInsider - REVEALED: Facebook's Stock Symbol - 3 hours 27 min ago

AllThingsD - Facebook Police: Timeline Violations Will Not Be Tolerated! - 9 hours 18 min ago

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Quarterly GDP changes in past 4 years, at a glance
AP - 1 hour 18 min ago
...

RELATED:

BusinessWeek - Stocks Drop as GDP Trails Estimates While Treasuries, Euro Gain - 2 hours 10 min ago

BBC - VIDEO: Strong growth in US GDP expected - 14 hours 55 min ago

COMMENTARY:

Seeking Alpha - The 13% GDP Gap - 1 hour 48 min ago

Wall St. Cheat Sheet - Market Recap: Stocks Slip on GDP Report - 2 hours 50 min ago

Morningstar - Stocks End Mostly Lower After GDP Data - 3 hours 4 min ago

Mike Shedlock - GDP on Recession Track; Real GDP +2.8%, Misses Estimates; Inventory Replenishment Accounts for 1.9 Percentage Points; Five-Year Treasury Yield Hits Record Low - 6 hours 34 min ago

Economist's View - GDP Report: Austerity is Holding Back the Recovery - 6 hours 54 min ago

WSJ Blogs - MarketBeat : Economists Scramble to Poke Holes in GDP Report - 9 hours 4 min ago

Zero Hedge - Goldman On GDP: Warns Of Q1 Weakness; Autos Added 0.3% To GDP - 9 hours 14 min ago

NY Post - US GDP grows at 2.8% rate in 4Q, fastest pace since 2Q 2010 - 9 hours 24 min ago

Zacks - GDP So-So, Europe Better - Analyst Blog - 9 hours 44 min ago

Wall Street Pit - Futures Continue Pull-In After GDP Number - 9 hours 45 min ago

The Big Picture - REAL GDP touch light, NOMINAL GDP very light - 10 hours 14 min ago

FT Alphaville - Q4 real GDP increased 2.8% - 10 hours 19 min ago

24/7 Wall St. - GDP Debunks Double Dip Recession Fears - 10 hours 40 min ago

VIDEO:

WSJ Video - U.S. GDP Rises 2.8% - 8 hours 46 min ago

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Geithner: China's System 'Damaging' to Trade Partners
Wall Street Journal - 1 hour 40 min ago
U.S. Treasury Secretary Timothy Geithner sharply criticized China's state-led economic system, the latest salvo in an escalating trade conflict between the two countries.

RELATED:

BusinessWeek - Geithner Urges Bigger Euro ‘Firewall’ as Condition for More Help - 7 hours 18 min ago

New York Times - DealBook: Geithner Offers Upbeat U.S. Outlook, With European Caveat - 9 hours 46 min ago

Indiatimes - Geithner insists Chinese yuan still undervalued - 10 hours 58 min ago

BBC - VIDEO: Geithner: Legislation key to growth - 11 hours 13 min ago

Reuters - U.S. growing at 2-3 percent rate: Geithner - 13 hours 7 min ago

COMMENTARY:

Zero Hedge - Tim Geithner Added To List Of Gold Bugs' Best Friends - 9 hours 37 min ago

VIDEO:

Reuters Video - Geithner: Challenge ahead for recovery - 4 hours 15 min ago

CNN Video - Geithner: Europe, Iran are our biggest risks - 8 hours 20 min ago

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Greek Debt Talks Drag on as Lagarde Keeps Pressure on Creditors
BusinessWeek - 1 hour 47 min ago
Greece and its private creditors said they made “important” progress during talks in Athens on a debt-swap accord needed to lower the country’s debt and pave the way for a second package of international aid.

RELATED:

BBC - VIDEO: Lagarde: Need for European growth - 9 hours 6 min ago

Wall Street Journal - Lagarde: Greek Debt Cut Must Be 'Significant' - 13 hours 26 min ago

VIDEO:

CNN Video - Lagarde: Everyone needs to ante up - 6 hours 29 min ago

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Ford Motor Co.'s 2011 profits at a glance
AP - 2 hours 18 min ago
...

RELATED:

AP - Summary Box: North America props up Ford in 4Q - 5 hours 48 min ago

BusinessWeek - Ford’s Quarterly Profit Misses Estimates on Overseas Woes - 7 hours 21 min ago

BBC - Carmaker Ford's profits increase - 11 hours 30 min ago

Indiatimes - Ford profit hit by commodity costs, Europe - 11 hours 49 min ago

COMMENTARY:

Seeking Alpha - Ford Motor's CEO Discusses Q4 2011 Results - Earnings Call Transcript - 3 hours 48 min ago

Zacks - Ford Misses, Revenues Up 6.5% - Analyst Blog - 7 hours 7 min ago

Wall St. Cheat Sheet - Ford Motor Company Earnings: Streak of Two Straight Profit Declines Snapped - 10 hours 31 min ago

24/7 Wall St. - Ford Posts Mediocre Earnings, And Investors Pay - 11 hours 53 min ago

VIDEO:

Reuters Video - Ford earnings disappoint investors - 6 hours 33 min ago

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Starbucks CEO paid $16 million in 2011 fiscal year
AP - 2 hours 18 min ago
PORTLAND, Ore. (AP) -- Starbucks CEO Howard Schultz was given a pay package worth roughly $16 million in the company's 2011 fiscal year....

RELATED:

BusinessWeek - Starbucks Profit Rises 10% as Holiday Coffee Sales Increase - 18 hours 37 min ago

BBC - Starbucks sees 10% rise in profit - 23 hours 30 min ago

Reuters - Starbucks profit beats, Europe weakness hurts - 23 hours 36 min ago

New York Times - Starbucks Outperforms Expectations - 23 hours 44 min ago

COMMENTARY:

Seeking Alpha - Why Starbucks Will Grow For Years - 3 hours 48 min ago

Zacks - Starbucks Rules with Record Earnings - Analyst Blog - 10 hours 4 min ago

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US stocks mixed after GDP, Chevron disappoint
Indiatimes - 2 hours 25 min ago
US stocks mixed after GDP, Chevron disappointChevron pulled down the Dow Jones Industrial Average of blue chips, with the index closing 74.17 points lower (0.58 percent) at 12,660.46.

RELATED:

Wall Street Journal - Chevron's Profit Edges Lower - 4 hours 9 min ago

AP - Chevron 4Q profit falls 3 pct on refinery decline - 10 hours 9 min ago

Reuters - Chevron profit falls as refineries, output suffer - 10 hours 23 min ago

COMMENTARY:

Seeking Alpha - Chevron's CEO Discusses Q4 2011 Results - Earnings Call Transcript - 3 hours 48 min ago

Wall St. Cheat Sheet - Chevron Easily Tops Dow Losers - 5 hours 54 min ago

Zacks - Chevron Reports Mixed 4Q - Analyst Blog - 6 hours 52 min ago

24/7 Wall St. - Chevron Earnings Could Act As DJIA Drag (CVX, XOM, DIA) - 10 hours 18 min ago

VIDEO:

Reuters Video - Morning Briefing: U.S. GDP disappoints; Chevron profits fall - 9 hours 22 min ago

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Spanish Unemployment Rate Rises to 22.8 Percent
New York Times - 2 hours 40 min ago
The data show that the new government of Mariano Rajoy is struggling with an economy that is sliding toward recession.

RELATED:

AP - Spain unemployment hitting nearly 1 of 4 workers - 5 hours 18 min ago

BusinessWeek - Spanish Unemployment Rises to 15-Year High of 22.9%: Economy - 7 hours 48 min ago

COMMENTARY:

24/7 Wall St. - Spain’s Unemployment Situation Becomes Hopeless - 12 hours 39 min ago

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Justice Department Unit Issues Subpoenas in Mortgage Fraud Inquiry
New York Times - 2 hours 41 min ago
Information is being sought from 11 financial companies related to their actions in the market for residential mortgage-backed securities.

RELATED:

BusinessWeek - Stocks Recover on Mortgage Plan, Greece Talks; Treasuries Rise - 3 hours 2 min ago

Reuters - Analysis: Banks expect to spend less on bad mortgages - 3 hours 56 min ago

BBC - Mortgage rates 'to be volatile' - 12 hours 20 min ago

COMMENTARY:

BusinessInsider - A Cautionary Tale About The Dangers Of Zombie Mortgages - 2 hours 45 min ago

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Oil ends little changed, below $100 a barrel
AP - 2 hours 48 min ago
Oil prices moved in a narrow range Friday, as Iran prepared to consider a ban on crude sales to European Union countries. Here's how energy contracts traded....

RELATED:

France24 - Chevron profits fall despite higher oil prices - 7 hours 58 min ago

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DealBook: Davos, in the Style of Occupy Wall Street
New York Times - 2 hours 59 min ago
The protestors of Occupy W.E.F., short for World Economic Forum, framed the big issues of the day with the same conviction as those in the Davos conference center.

RELATED:

Indiatimes - GDP puts Wall Street on track for weekly drop - 5 hours 5 min ago

BusinessWeek - Stanford Decried Wall Street Greed in 2008 Speech Shown at Trial - 15 hours 52 min ago

COMMENTARY:

24/7 Wall St. - 24/7 Wall St. Closing Bell (BBY, SD, ALL, JCP, KIM, AEP, CVX, D, F, HON, PG, SOA, CPHD, INFI, NRGY, RVBD) - 3 hours 11 min ago

MarketWatch - MarketWatch First Take: The ‘if’s’ of the Facebook IPO for Wall St. - 3 hours 38 min ago

BusinessInsider - FBI Raids A Wall Street Firm That Helps Chinese Companies Go Public In The US - 5 hours 31 min ago

Curious Capitalist - Ford Posts Big Profits but Misses Wall Street - 8 hours 12 min ago

Wall St. Cheat Sheet - Wall Street Watch: Japan’s Retail Sales, Starbucks Earnings - 9 hours 36 min ago

Zacks - Ahead of Wall Street - January 27, 2012 - Ahead of Wall Street - 9 hours 55 min ago

Minyanville - Decoding the Wall Street Journal: Starbucks Serves Up a Cold, No-Foam Outlook - 10 hours 29 min ago

VIDEO:

WSJ Video - Wall Street Has Seen This Netflix Movie Before - 4 hours 15 min ago

Reuters Video - Trading at Noon: Wall St. lower at open after GDP data - 6 hours 44 min ago

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Economic growth for the past 4 years, at a glance
AP - 3 hours 18 min ago
...

RELATED:

BusinessWeek - U.S. Stocks Fall as American Economy Grows Less Than Forecast - 6 hours 26 min ago

Indiatimes - US stocks slip after economic growth disappoints - 6 hours 50 min ago

AP - Economy grew modest 2.8 pct. in Q4, best in 2011 - 10 hours 9 min ago

BBC - US economic growth rate picks up - 10 hours 14 min ago

New York Times - U.S. Economy Grows at Modest 2.8 Percent Rate - 10 hours 28 min ago

COMMENTARY:

MarketWatch - MarketWatch First Take: One cheer for the economy - 8 hours 49 min ago

Wall Street Pit - U.S. Economic Growth Accelerates Modestly In Fourth Quarter - 9 hours 5 min ago

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In Facebook IPO, bankers seek prestige over fees
Reuters - 3 hours 36 min ago
(Reuters) - Facebook's initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business.

RELATED:

Indiatimes - Facebook may file for IPO next week: Reports - 4 hours 57 min ago

France24 - Facebook may file for IPO next week: WSJ - 4 hours 58 min ago

Reuters - Facebook to file IPO documents soon as Wednesday: report - 5 hours 12 min ago

COMMENTARY:

Wall Street Pit - Facebook IPO: They Missed The Boat. I’ll Pass - 2 hours 26 min ago

WSJ Blogs - Digits : Digits Live Show: The Long-Awaited Facebook IPO is Imminent - 2 hours 30 min ago

24/7 Wall St. - IPO Filing: Three Rivers Operating Company (TROC) - 2 hours 51 min ago

BusinessInsider - Morgan Stanley Shares Shot Up After The Facebook IPO News (MS) - 3 hours 11 min ago

MarketWatch - MarketWatch First Take: Facebook data IPO investors should note - 3 hours 37 min ago

Curious Capitalist - Facebook Could File IPO Documents Next Week: Report - 4 hours 30 min ago

Seeking Alpha - Facebook Filing For IPO As Early As Wednesday? - 4 hours 48 min ago

NY Post - Facebook eyeing filing IPO documents Wednesday - 5 hours 39 sec ago

TechCrunch - WSJ: Facebook Filing For IPO As Early As Wednesday - 5 hours 10 min ago

AllThingsD - Facebook Readies IPO Filing for Next Week - 5 hours 31 min ago

Wall St. Cheat Sheet - Breaking: Facebook Filing IPO On Wednesday - 5 hours 33 min ago

VIDEO:

WSJ Video - Morgan Stanley Close to Winning Facebook IPO Deal - 5 hours 5 min ago

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Apple Regains Lead in Smartphones From Samsung, Researcher Says
BusinessWeek - 3 hours 52 min ago
Apple Inc. regained the lead in global smartphone shipments from Samsung Electronics Co. last quarter after starting sales of the latest version of the iPhone, according to data from Strategy Analytics.

RELATED:

Indiatimes - Paul Krugman on why Apple created so few American jobs - 12 hours 46 min ago

Reuters - Apple overtakes Samsung in Q4 smartphone sales: report - 21 hours 18 min ago

BusinessWeek - Foxconn Rises After Apple’s Record Results: Hong Kong Mover - 23 hours 31 sec ago

COMMENTARY:

Seeking Alpha - Apple Already Puts Its Cash To Work - 48 min 52 sec ago

Minyanville - Buzz on the Street: Apple Back on Top - 4 hours 4 min ago

BusinessInsider - THE APPLE INVESTOR: Apple Heating Up The Enterprise According To New Studies (AAPL) - 6 hours 30 min ago

AllThingsD - Apple CEO: Any Suggestion That We Don’t Care About Supply Chain Workers is "Patently False" - 7 hours 39 min ago

TechCrunch - Apple Overtakes Samsung As World’s Largest Smartphone Vendor In Q4 - 9 hours 30 min ago

24/7 Wall St. - What’s Important in the Financial World (1/27/2012) Apple No. 1 Smartphone Seller, Starbucks Recovery - 12 hours 41 min ago

VIDEO:

WSJ Video - Apple Memo Pledges to Tackle Poor Labor Condition - 4 hours 41 min ago

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EXCLUSIVE-Germany wants Greece to relinquish budget controls
Reuters - 4 hours 11 min ago
BERLIN (Reuters) - Germany is pushing for Greece to relinquish control over its budget policy to European institutions as part of discussions over a second rescue package, a European source told Reuters on Friday.

RELATED:

France24 - Greece a 'step away' from debt deal: minister - 4 hours 58 min ago

BBC - VIDEO: Greece deal before Monday - 11 hours 11 min ago

Reuters - Nightmare of disorderly default focuses minds on Greece - 12 hours 32 min ago

Indiatimes - Deutsche Bank chief 'confident' of Greece solution - 13 hours 11 sec ago

Wall Street Journal - Greece Edges Toward Debt Deal - 13 hours 10 min ago

New York Times - Grim Economic Forecast for Greece as It Negotiates With Creditors - 21 hours 12 min ago

BusinessWeek - Euro Falls as Greece, Creditors Wrangle Over Debt-Swap Agreement - 22 hours 5 min ago

COMMENTARY:

Zero Hedge - The Silent Anschluss: Germany Formally Requests That Greece Hand Over Its Fiscal Independence - 3 hours 39 min ago

Credit Writedowns - On how Portugal is the next Greece - 8 hours 32 min ago

BusinessInsider - Greece Starts Haggling With Creditors Again In Desperate Attempt To Avoid Disaster - 13 hours 43 min ago

Seeking Alpha - European Defaults: After Greece, Portugal Is Next - 22 hours 18 min ago

VIDEO:

WSJ Video - Greece Inches Toward Debt Deal - 8 hours 40 min ago

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The Lede Blog: Twitter's New Policy on Blocking Posts Is Attacked, and Defended
New York Times - 4 hours 29 min ago
Twitter incited anger among its international users on Friday after it announced a new method of blocking individual posts from appearing in certain countries. But some Internet advocacy groups defended it.

RELATED:

France24 - SOCIAL NETWORKING: First Twitter map of Africa reveals a connected continent - 5 hours 20 min ago

Wall Street Journal - Twitter Can Censor by Country - 18 hours 32 min ago

New York Times - Bits Blog: Twitter Announces Micro-Censorship Policy - 23 hours 21 min ago

COMMENTARY:

TechCrunch - Twitter Puts Its DMCA Takedown Requests Up For All To See - 2 hours 48 min ago

WSJ Blogs - Venture Capital Dispatch : Twitter Investor Spark Promotes Mo Koyfman To General Partner - 3 hours 51 min ago

BusinessInsider - Read Twitter's 'Confidential' Memo To Advertisers On New Enhanced Profile Pages For Brands - 4 hours 31 min ago

VIDEO:

WSJ Video - Twitter Announces it Can Censor By Nation - 4 hours 47 min ago

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Fitch cuts rating of five eurozone countries
France24 - 5 hours 18 min ago
Rating agency Fitch cut its ratings of five eurozone countries including Italy and Spain and lowered its outlook on Ireland, citing their poor finances and vulnerability to sharp turns in market sentiment.Fitch dealt full downgrades to Italy, Spain, Belgium, Slovenia and Cyprus, and cut its outlook on Ireland, saying the "near-term economic outlook highlight(s) the greater vulnerability to monetary as well as financing shocks faced by these sovereign governments."

RELATED:

Indiatimes - Eurozone making 'outstanding' progress: Draghi - 9 hours 33 min ago

France24 - Hopes rise for Greek deal as US praises euro salvage bid - 11 hours 38 min ago

AP - European leaders stress the positive at Davos - 12 hours 49 min ago

Wall Street Journal - Euro-Zone Bank-Lending Growth Slows - 14 hours 33 min ago

COMMENTARY:

Zero Hedge - Fitch Gives Europe Not So High Five, Downgrades 5 Countries... But Not France - 6 hours 17 min ago

WSJ Blogs - Real Time Economics : Euro Zone Money Supply Offers Grim News - 9 hours 24 min ago

VIDEO:

WSJ Video - CEOs in Davos Still Fearing Impact of Euro Crisis - 8 hours 59 min ago

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West takes Internet freedom for granted: Google boss
France24 - 5 hours 38 min ago
The Internet proved the only true form of free communication during the Arab Spring and yet the West has come to take the freedom it confers for granted, Google boss Eric Schmidt said Friday.In a stout defence of Internet freedoms at the World Economic Forum in Davos, Schmidt also said that rather than be seen as contributing to job losses, the web was a great opportunity for businesses to grow.

RELATED:

BusinessWeek - Google’s Superphone Delivers Ultimate Android: Rich Jaroslovsky - 11 hours 31 min ago

Indiatimes - Google, Yahoo take initiative in non-English space - 23 hours 37 min ago

COMMENTARY:

Wall St. Cheat Sheet - Tech Biz Recap: Apple’s Smartphone Belt, Googles Purchases - 1 hour 19 min ago

BusinessInsider - Here's The Final Tally On Google's Acquisition Spree In 2011 (GOOG) - 7 hours 31 min ago

Seeking Alpha - Google Spent Nearly $2 Billion On 79 Acquisitions In 2011 - 8 hours 48 min ago

Zacks - Zacks Bull and Bear of the Day Highlights: ZOLL Medical, Vistaprint NV, Corning, Apple and Google - Press Releases - 10 hours 49 min ago

AllThingsD - Google's Head of Consumer Payments Vikas Gupta Resigns - 22 hours 43 min ago

VIDEO:

CNN Video - AOL CEO on growth, Yahoo and Google - 4 hours 4 min ago

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BP Can’t Collect Part of $40 Billion Spill Costs From Transocean
BusinessWeek - 5 hours 51 min ago
BP Plc can’t collect from Transocean Ltd. part of the $40 billion in cleanup costs and economic losses caused by the 2010 oil well blowout and Gulf of Mexico spill, a judge ruled, sending Transocean shares higher.

RELATED:

BusinessWeek - European Stocks Retreat as U.S. GDP Misses Estimates; BP Falls - 7 hours 15 min ago

France24 - BP must pay part of rig owner's eventual Gulf costs - 22 hours 8 min ago

VIDEO:

Reuters Video - U.S. Morning Call: Eastman Chemical expands, BP battles on - 23 hours 27 min ago

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Common Sense: A Personal, and Painful, Tax Reality — Common Sense
New York Times - 5 hours 55 min ago
With all the focus on tax rates, I sat down with my 2010 returns, calculator in hand. I’m still reeling from the results.

RELATED:

France24 - Ford profits rise on auto sales and tax boost - 11 hours 18 min ago

Wall Street Journal - Tax Gain Powers Ford Profit - 11 hours 22 min ago

BusinessWeek - Swiss Bank Wegelin Agrees to Sale Amid U.S. Tax Crackdown - 11 hours 51 min ago

BBC - VIDEO: 'We should rebrand tax as charity' - 12 hours 49 min ago

COMMENTARY:

BusinessInsider - Switzerland's Oldest Bank Is Selling Its Non-US Business After Tax Evasion Charges - 2 hours 14 min ago

DailyFinance - Thanks, Mitt and Newt: 12 Tax Tips for the Rest of Us - 3 hours 4 min ago

Minyanville - Will Tax Breaks Bring Manufacturing Jobs Back to the US? - 4 hours 34 min ago

Kiplinger - Tax Tips for Freelancers and the Self-Employed - 23 hours 18 min ago

VIDEO:

CNN Video - Biz lobby: Obama wants to tax, tax, tax - 7 hours 39 min ago

WSJ Video - Ford Profit Powered by Tax Gain - 8 hours 23 min ago

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Gupta Seeks Identity of Possible Tipper ‘X’ at Goldman, P&G
BusinessWeek - 7 hours 2 min ago
Lawyers for Rajat Gupta, the former Goldman Sachs Group Inc. and Procter & Gamble Co. director who has denied U.S. charges he leaked stock tips to Raj Rajaratnam, are investigating whether the hedge fund manager had a different inside source at the companies.

RELATED:

Indiatimes - Goldman forecasts record riskless return from gold - 20 hours 35 min ago

BusinessWeek - Goldman, Macquarie, First NZ to Manage Mighty River IPO - 20 hours 50 min ago

COMMENTARY:

Wall St. Cheat Sheet - Financial Business Review: Morgan Stanley and Goldman Sachs Fight for Facebook Listing - 2 hours 38 min ago

BusinessInsider - With Morgan Stanley 'Close' To Lead Underwriting Facebook's IPO, This Goldman Banker Won't Be In A Good Mood - 4 hours 57 min ago

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James Murdoch to resign from board of drug firm GSK
France24 - 7 hours 23 min ago
James Murdoch, at the centre of the phone hacking scandal in his family's British newspaper business, has resigned from the board of GlaxoSmithKline, the pharmaceuticals giant said on Friday.Rupert Murdoch's son has decided against seeking re-election as a non-executive director.GSK stated there had been no pressure placed on Murdoch to stand down, saying that the decision was based on his decision to move to the United States in his new role with News Corp.

RELATED:

Wall Street Journal - Murdoch to Quit Glaxo Board - 11 hours 33 min ago

Reuters - James Murdoch to quit GSK board - 12 hours 41 min ago

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Cameron Said to See Bonus as Price for Keeping Hester at RBS
BusinessWeek - 7 hours 47 min ago
Prime Minister David Cameron was concerned that Royal Bank of Scotland Group Plc Chief Executive Officer Stephen Hester might leave Britain’s biggest state-owned lender if he was refused a bonus, a person familiar with the government’s thinking said.

RELATED:

France24 - Anger in Britain over RBS bank chief's bonus - 11 hours 18 min ago

BusinessWeek - RBS Said to Be Nearing Sale of Hoare Govett Unit to Jefferies - 13 hours 28 min ago

BBC - VIDEO: Why RBS boss deserves bonus - 14 hours 58 min ago

VIDEO:

Reuters Video - RBS awards CEO almost £1m bonus - 9 hours 35 min ago

WSJ Video - RBS Bank Chief Takes Mere $1.5 Million Bonus - 10 hours 45 min ago

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VIDEO: Samsung announces profit rise
BBC - 8 hours 37 min ago
South Korea's Samsung Electronics has announced a 17% rise in profits in the last three months of 2011, as smartphone sales boosted earnings.

RELATED:

BusinessWeek - Samsung Profit Rises as Surging Phone Sales Mask Panel Loss - 14 hours 3 min ago

Wall Street Journal - Asia Mixed; Samsung Gains - 21 hours 42 min ago

Indiatimes - Samsung Q4 profit rises 17 % on phones, panels - 22 hours 28 min ago

AP - Samsung 4Q profit rises 17 pct on phones, panels - 22 hours 49 min ago

BBC - Samsung in year end sales boost - 23 hours 8 min ago

France24 - Samsung Elec posts record operating profit in Q4 - 23 hours 23 min ago

Reuters - Samsung posts record results powered by smartphones - 23 hours 54 min ago

COMMENTARY:

TechCrunch - Flurry: Amazon’s Kindle Fire Is Already Starting To Smoke Samsung’s Galaxy Tab - 3 hours 33 min ago

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Davos grapples with bleak forecast
China Daily - 9 hours 34 min ago
The European debt crisis and global challenges have cast a pall over the Swiss Alpine resort town of Davos unlike anything experienced before at the World Economic Forum.

RELATED:

BusinessWeek - Incredible Shrinking Bankers at Davos Humbler Amid Austerity - 9 hours 51 min ago

Indiatimes - Arabs to Davos: invest in us, don't fear us - 10 hours 5 min ago

BBC - Davos 2012: Where to invest this year? - 10 hours 15 min ago

France24 - EU and US economic leaders spar at Davos - 13 hours 58 min ago

COMMENTARY:

WSJ Blogs - China Real Time Report : Davos: What Would You Do With China's Foreign Exchange Reserves? - 1 hour 12 min ago

BusinessInsider - Here's What Everyone Is Drinking At The Accel Party In Davos Right Now - 2 hours 48 min ago

TechCrunch - Davos: BraveNewTalent Allows Job Seekers To Follow Their Future Employers - 4 hours 52 min ago

Curious Capitalist - Couldn’t Make Davos This Year? Here Are the 5 Things Everyone’s Talking About - 6 hours 3 min ago

Zero Hedge - Guest Post: Davos Shocked To Hear That Poor People Exist - 11 hours 7 min ago

VIDEO:

WSJ Video - Davos: Has a Euro Disaster Really Been Averted? - 4 hours 33 min ago

Reuters Video - Davos 2012: Bank of Israel Governor Fischer - 6 hours 34 min ago

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Call for IMF funds from UK and US
BBC - 11 hours 50 min ago
The US and UK should provide more cash to the IMF, the European Union's Economic Commissioner, Olli Rehn, says.

RELATED:

Reuters - EU, IMF press Greece on reforms before aid flows - 13 hours 38 min ago

Indiatimes - IMF sees Myanmar as Asia's next bright spot - 15 hours 41 min ago

COMMENTARY:

24/7 Wall St. - Today’s Best Market Rumors (1/27/2011) IMF Greek Forecasts, Opel Changes - 10 hours 38 min ago

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Ener1, Parent of U.S. Subsidized Battery Unit, Seeks Bankruptcy
BusinessWeek - 11 hours 59 min ago
Ener1 Inc., which owns a company that received a $118 million U.S. Energy Department grant to make electric-car batteries, filed for bankruptcy protection after defaulting on bond debt amid Asian competition.

RELATED:

BusinessWeek - MF Global Clients at Risk in Bankruptcy Fight - 14 hours 46 min ago

Wall Street Journal - The CEO Bankruptcy Bonus - 20 hours 25 min ago

COMMENTARY:

WSJ Blogs - Bankruptcy Beat : Friendly's, Burger King Join Forces - 1 hour 50 min ago

BusinessInsider - Drowning In Medical Debt? Filing For Bankruptcy Could Be Your Life Raft - 2 hours 4 min ago

Seeking Alpha - Bankruptcy Model Predictions About Research In Motion - 3 hours 48 min ago

VIDEO:

WSJ Video - Even Bankrupt Companies Dish Out High CEO Pay - 5 hours 50 min ago

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Spain's jobless rate passes five million
France24 - 14 hours 38 min ago
Spain's jobless rate shot to 22.85 percent at the end of 2011, the highest in the industrialised world, as more than half of young people were out of work, official data showed Friday.The number of unemployed burst through the five-million mark, surging 295,300 to 5.27 million in the last quarter of 2011, the National Statistics Institute report showed.As a result, the jobless rate at the end of 2011 surged to a near 17-year record, rising from 21.52 percent the previous quarter, the National Statistics Institute report showed.

RELATED:

Wall Street Journal - Spain Jobless Rate Hits 22% - 15 hours 22 min ago

BBC - Spain jobless passes five million - 15 hours 26 min ago

Indiatimes - Spain says jobless rate hits 17-year high - 15 hours 53 min ago

VIDEO:

Reuters Video - Spain's jobless rate soars - 9 hours 33 min ago

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