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Linebacker Jordan Hicks announces his pick: Texas

Linebacker Jordan Hicks of Lakota West High School in West Chester, Ohio who is one of the elite recruits in the U.S., announced Friday afternoon that he chose the scholarship offered by Texas.

Nokia, Motorola win smartphone share; outlook weighs

Nokia and Motorola Inc are regaining some market share in smartphones but while Nokia has profited from the gains, Motorola predicted a loss in the current quarter.

Newell shares down on Venezuela hit to '10 profit

Newell Rubbermaid Inc posted a fourth-quarter profit on cost-cutting and lower raw materials prices, but the maker of Rubbermaid containers and Sharpie pens said the recent devaluation of Venezuela's currency would hurt 2010 results, sending shares down 4 percent.

Lloyds reopens U.S. RMBS market with $1 billion deal

Lloyds TSB raised $1 billion via a residential mortgage-backed bond on Friday, reopening a U.S. market that had been shut since mid-2008 because of the credit crunch.

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Wall St falters as fiscal worry offset data

Stocks retreated to near breakeven in choppy trade on Friday, paring earlier strong gains as worries about fiscal troubles buffeting Europe offset reassuring reports on the economy.

Stocks falter as fiscal worry offsets data

Stocks retreated to near breakeven in choppy trade on Friday, paring earlier strong gains as worries about fiscal troubles buffeting Europe offset reassuring reports on the economy.

Stock market erases gains as tech shares weigh

The stock market turned mixed in mid-day trading after rising sharply on Friday as the technology sector continues to weigh while retail stocks were among the biggest gainers.

Honda sets own recall as Toyota details action

Toyota said its global safety withdrawal would take up to 1.8 million vehicles off Europe's roads and rival Honda announced its own recall, placing the vaunted pedigree of Japan's carmakers under fresh scrutiny.

GOP, Obama agendas set to clash in Friday meeting

The competing agendas of House Republicans and President Barack Obama are set to clash on Friday.

White House may back off 9/11terror trial in New York City

The White House has left open the possibility that alleged Sept. 11 mastermind Khalid Sheikh Mohammed may not be tried in Lower Manhattan as initially planned.

Honda recalls 640,000 cars globally

Japanese carmaker Honda Motor Co. announced Friday a voluntary worldwide recall of 646,000 cars following reports of defective parts of their window switch.

Market advances after strong data, tech results

U.S. stocks rallied on Friday following better-than-expected data on the economy's growth and consumer sentiment, which suggested the recovery is taking hold, as well as stronger results in the tech sector.

Honeywell sets low quarterly forecast, shares fall

Diversified U.S. manufacturer Honeywell International Inc set a first-quarter profit target that fell short of analysts' forecasts and its shares fell 4 percent.

Honda Recalls Fit/Jazz over fire danger

Honda said it would recall a total 646,000 units of the Fit/Jazz and City models globally on Friday.

Toshiba sees slow recovery, cautious on chip spending

Toshiba Corp, Japan's biggest chipmaker, kept its outlook far below market estimates and flagged belt-tightening measures ahead after a stronger yen and sliding PC prices hurt quarterly profit.

Toyota faces probe; Honda recalls models too

Toyota Motor Corp faced U.S. Congress scrutiny over its biggest ever safety recall as rival Honda Motor Co, tipped to gain from Toyota's woes, also said it would recall thousands of cars worldwide.

Stocks rise as GDP, consumer data boosts

U.S. stocks rose on Friday after GDP data showed the economy grew at a much faster pace than expected in the fourth quarter, while business activity in the U.S. Midwest hit a four-year high in January.

U.S. economy growth fastest in 6 years

The U.S. economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest in more than six years, as businesses made less-aggressive cuts to inventories and stepped up spending.

Blair voices defiance over Iraq war

Former Prime Minister Tony Blair made a defiant defence of the 2003 U.S.-led invasion of Iraq Friday, saying the September 11 attacks in the United States meant Saddam Hussein had to be disarmed or removed.

Stock market recovers on GDP, retailers lead rally

The US stock market is recovering from its loss yesterday as better than expected Gross Domestic Product for the fourth quarter of 2009 was reported at 8:30 am in New York. The S&P 500 Index is up 6.93 points, or 0.64 percent, to trade at 1,091.46 at 10:01 a.m.

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