General Motors Co. has posted its best annual profit, which jumped 62 percent to $7.6 billion, beating expectations and breaking records two years after it nearly collapsed into bankruptcy.
World stocks rose near a six-month peak on Friday and the dollar hit a 3-1/2 month high against the yen as hopes for a long-awaited Greek bailout deal next week following on from strong U.S. data encouraged investors to buy riskier assets.
The foreign exchange reserves of China shrank by $20 billion in Q4 2011, the first quarterly decline since 1993.
Oil prices moved higher in Asian trade Friday as tension between Western countries and Iran continued to intensify.
A small aircraft that strayed into the airspace of U.S. President Barack Obama was found packed with cannabis of around 18kg (40lb).
Anthony Shadid, a two-time Pulitzer Prize winner reporting for the New York Times, died Thursday in Syria. The American reporter, of Lebanese origin, leaves behind a wife and two children.
Apple Inc's share of China's smartphone market slipped for a second straight quarter in the fourth quarter of 2011 amid competition from Chinese vendors and as some consumers delayed purchases to wait for the iPhone 4S launch.
Asian shares rebounded on Friday on signs that euro zone officials will soon approve a long-awaited bailout for Greece, and after jobs and factory data pointed to a healthier U.S. economy.
In a Senate Armed Services Committee hearing about the existing hostilities between the U.S. and Iran, American intelligence officials said it is unlikely that Iran will start military action against the U.S.
The House of Representatives passed an energy bill Thursday that would wrest control of a permit for the controversial Keystone XL oil pipeline away from President Barack Obama, who has put the project on hold.
A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country.
A U.S. judge intends to schedule a retrial for this June between Oracle Corp and SAP AG over copyright infringement allegations, according to a court filing.
Gold prices held steady on Friday, after optimism that Greece may soon secure an urgently needed bailout helped the metal recover from a one-week low hit in the previous session.
Vale , the world's largest iron ore producer, said on Thursday it is selling 80 percent of its ore using spot prices, nearly completing a historic shift to market-based pricing for the principal raw material used in steel.
Exchange operator Nasdaq OMX is trying to gain support for a legislative proposal that would give it a competitive edge over both rival exchanges and banks that operate anonymous trading venues known as "dark pools."
Apple Inc, Google Inc and their vendors must do more to protect children using iPhones and other mobile devices to read or play games, U.S. trade regulators said, and warned they may punish software makers that secretly collect data on kids.
Apple Inc, Google Inc and their vendors must do more to protect children using iPhones and other mobile devices to read or play games, U.S. trade regulators said, and warned they may punish software makers that secretly collect data on kids.
A deal to renew a payroll tax cut for 160 million U.S. workers through 2012 headed on Thursday toward congressional approval as Democratic and Republican leaders rallied support for the bipartisan agreement.
The New Jersey Assembly passed legislation legalizing same-sex marriage on Thursday, sending the bill to Republican Gov. Chris Christie, a possible vice-presidential candidate who has promised to veto the measure.
Monica Lewinsky is back in the spotlight 14- years after she first made headlines for her affair with Bill Clinton. She is now the core focus of a highly anticipated four-hour PBS documentary about the former U.S President.
The new U.S. Consumer Financial Protection Bureau released a proposal to regulate about 200 debt collectors and companies that produce credit reports as part of an effort to extend its oversight beyond the banking industry.
The S&P 500 hit a nine-month high on Thursday, fueled by strong U.S. economic data and increased hopes for a deal on a Greek bailout next week.
