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Discovery profit beats Street, outlook falls short

Discovery Communications posted a higher-than-expected fourth-quarter profit on Thursday, helped by strong advertising and carriage fee growth at its domestic and international cable television networks.

Xi Jinping Sees Lakers Play: No Words for Jeremy Lin

China Vice President Xi speaks during state dinner at Iowa State Capital in Des Moines.
Xi Jinping, Vice President of the People's Republic of China, will be courtside as the Lakers play the Suns at the Los Angeles Staples Center on Friday. But this self-proclaimed fan of American basketball has little to say about international phenomenon Jeremy Lin.

U.S. Stocks Gain After Jobs, Housing Reports

Bank of America
The Dow Jones Industrial Average rose 0.76 percent to 12,884.75 by early afternoon trading, while the Nasdaq rose 1.01 percent to 2,945.17. The S&P 500 rose 0.83 percent to 1,354.37.
Al Gore

Al Gore Calls for Overhaul of 'Unsustainable' Capitalism

Former U.S. vice president Al Gore wants to end quarterly reporting by companies and explore issuing loyalty-driven securities as part of an overhaul of capitalism that he says has turned many of the world's largest economies into hotbeds for irresponsible short-term investment.
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The Anonymous Flag

Anonymous, Hackers Take Credit for Knocking NASDAQ Website Offline, Announce 'Global Internet Blackout' for March 31

A group of ‘hacktivists’ calling themselves L0NGwave99 took on the stock exchange earlier this week after announcing their intentions on Sunday. Through coordinated Distributed Denial of Service (DDoS ) attacks the group, which acted in conjunction with the formless and international hacker collective Anonymous, and in support of the Occupy Wall Street movement, temporarily shut down the public websites for NASDAQ, BATS stock exchange and the Chicago Board options Exchange (CBOE).
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Obama Birth Control Mandate Stokes Partisan Strife

Democrats and Republicans sparred Thursday during a House hearing on the Obama administration's mandate that all health insurance plans cover birth control, underscoring how the issue has become politically potent and divided lawmakers along party lines.
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Investment Ideas 2012: a Case for REITs [CHARTS]

The U.S. economy is growing modestly at best, yields on bonds are low and the economic outlook outside the U.S. is uncertain. For the year 2012 and beyond, one fitting investment idea could be real estate investment trusts (REITs), according to PNC Investment and Wealth Management.
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Wall Street rises on strong data

Wall Street stocks rose on Thursday, with the Dow rebounding from its sharpest loss of the year, but gains were limited despite signs of an improving U.S. economy.
United Auto Workers union member Carrie Attwood uses an ergonomic-arm to install a front seat in a Chevrolet Volt electric vehicle at General Motors Detroit-Hamtramck assembly plant in Hamtramck

GM Posts Record Profit, Two Years After Bankruptcy and Near Collapse

General Motors Co. posted a record profit in 2011, adding to the dramatic turnaround for 103-year-old United States automaker just two years after filing for bankruptcy and nearly collapsing. The news sent stock of the company up more than 6 percent to $26.50 at midday.
Mars Chocolate Products

Mars Snickers Lower Calories: What to Expect

Mars Inc., the maker of Snickers, M&Ms and Twix has decided that by the end of 2013 they will halt sales of chocolate products over 250 calories. In an effort to improve the nutritional value of their products, the candy bars will be coming down in size. Spokeswoman Marlene Machit said that the act is part of the company's broad-based commitment to health and nutrition.
Europe's first Vega rocket lifts off from the European Space Agency (ESA) launch centre in Kourou, French Guiana, February 13, 2012. The Vega rocket blasted off from French Guiana on Monday in an inaugural flight aimed at giving Europe a vehicle for

U.S. Eyes Growing Global Cooperation on Satellites

The United States, in a review of future satellite needs, is examining opportunities to increase international collaboration and orders from commercial providers, a senior U.S. Air Force official said on Wednesday.
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Huntsman posts higher 4th-quarter profit

Chemicals maker Huntsman Corp's fourth-quarter profit narrowly beat Wall Street's expectations, helped by higher prices for chemicals used to make insulation and paint.
Man looks at Olympus Corp digital cameras at an electronics store in Tokyo

Former Executives, Bankers Arrested over Olympus Fraud

Four months after one of Japan's biggest corporate scandals, police and prosecutors on Thursday arrested seven men, including the former president of Olympus Corp and ex-bankers, over their role in a $1.7 billion accounting fraud at the medical equipment and camera maker.
U.S. Vice President Joe Biden waves during his arrival at the Athens Eleftherios Venizelos airport in Athens

Joe Biden Accidentally Tells the Truth

Good 'ole Joe. You can always count on him to say what he shouldn't. Remember when the revolution was underway in Egypt? In stepped Joe to praise Hosni Mubarak, the Egyptian dictator.

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