China Internet population hits 384 million
China's population of Internet users jumped by nearly a third to 384 million at the end of last year, an official report showed on Friday, days after Google threatened to retreat from the expanding market.
U.S. industrial output rises in December
U.S. industrial production rose in line with expectations in December as electric and gas utilities stepped up output in an unusually cold month, a Federal Reserve report showed on Friday.
U.S. consumer sentiment holds steady in early January
U.S. consumer sentiment was little changed in early January, as worries over income and high unemployment offset news of an improving economy, a survey released on Friday showed.
Watchdogs warn of Haiti relief scams
U.S. law-enforcement agencies and charity watchdogs have warned that con artists may use Haiti-relief scams to take advantage of an outpouring of generosity after the Haitian earthquake to steal cash and sensitive financial information from potential donors.
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Obama ally Reid in danger of losing re-election bid
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House Democrat says healthcare deal very close
Congressional Democrats are very close to reaching final agreement on healthcare reform legislation and could have a deal in days, House of Representatives Democratic Leader Steny Hoyer said on Friday.
Stock futures lower after JPMorgan results
U.S. stock index futures pointed to a lower open on Friday as disappointing results from JPMorgan Chase & Co pressured banking stocks.
NDP: December was video game industry's best sales month
U.S. retail videogame and console saw its best sales month ever in December 2009, according to NDP Group retail data.
Citadel Investment hires Jake Walthour
U.S. hedge fund firm Citadel Investment Group, which is run by Kenneth Griffin, hired Jake Walthour as head of U.S. distribution for its asset management subsidiary, a company spokesman said on Friday.
Stock futures sink after JPMorgan Chase results
U.S. stock index futures fell on Friday after disappointing results from JPMorgan Chase & Co pressured banking stocks.
JPMorgan profit soars on investment banking
JPMorgan Chase & Co reported better-than-expected fourth-quarter profit on Friday, but losses on mortgages and commercial loans continued to rise and its shares fell nearly 2 percent in premarket trading.
Starwood files fresh allegations against Hilton
Starwood Hotels & Resorts Worldwide Inc has claimed that at least five members of rival Hilton Hotels executive committee knew of the alleged theft of trade secrets last year, court papers filed on Thursday showed.
Stock futures dip after JPMorgan Chase results
U.S. stock index futures fell on Friday after disappointing results from JPMorgan Chase & Co pressured banking stocks.
Stock futures mixed; eyes on Intel, JPMorgan
U.S. stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.02 percent, Dow Jones futures down 0.22 percent and Nasdaq 100 futures down 0.17 percent at 4.40 a.m. EST.
Economy worries cap equity gains
Persistent worries over the world economy, fueled by tepid U.S. data and a relatively lackluster start to the earnings season, kept a lid on equity gains on Friday, boosting safe-haven trades like the dollar and yen.
China says ways to resolve Google issue, U.S. cautious
China sought on Friday to play down a threat by Google Inc to quit the country on hacking and censorship concerns, saying any decision by the Internet search giant would not affect U.S. trade ties.
Citadel in advanced talks to hire Jake Walthour: report
Kenneth Griffin's hedge fund firm Citadel Investment Group is in advanced talks to hire Jake Walthour, co-founder of Aksia LLC, the Wall Street Journal said, citing people familiar with the matter.
Japan's Shiseido agrees $1.7 billion U.S. cosmetics buy
Shiseido Co Ltd , Japan's largest cosmetics company, has agreed to buy U.S.-based Bare Escentuals for $1.7 billion, as it looks to speed up its expansion and break into a new part of the North American market.
Tech shares shine on Intel, but U.S. data a worry
Technology shares jumped in Asia on Friday after better-than-expected earnings from sector bellwether Intel, but stocks elsewhere in the region were largely subdued amid fresh doubts about the strength of the U.S. economic recovery.
Gold edges up near $1145 in Asia
Gold edged higher in Asian trade Friday as the dollar dropped against major currencies. Gold for immediate delivery was seen trading at $1,144.40 per ounce at 11.30 a.m Singapore time while U.S. gold futures for February delivery were at $1,144.60 per ounce.
Asian stocks pare gains after initial Intel boost
Most Asian stocks gave up early gains on Friday as weak U.S. retail sales and a rise in jobless claims made investors wary about the strength of its economic recovery, offsetting better-than-expected earnings from technology bellwether Intel.
U.S. backs Google in China spat, seeks explanation
The United States has backed Google's decision to no longer support China's censoring of Internet searches and said the issue was of considerable economic importance as well as involving free information flow.
U.S. financial companies paid $145 billion in 2009: report
Total pay at U.S. banks and securities companies jumped nearly 18 percent to a record $145 billion in 2009, the Wall Street Journal estimated in an analysis published in its online edition on Thursday.
U.S. video game sales up 4 percent in December: NPD
Sales of video game equipment and software in the United States rose 4 percent in December to a record $5.5 billion, research group NPD said on Thursday, as the industry closed out a difficult year on an upbeat note.
Jobless rate to stay above 8 percent until 2012: CBO
The U.S. unemployment rate, currently at 10 percent, is unlikely to drop below 8 percent before 2012 unless Congress takes further steps to boost the economy in the short term, the non-partisan Congressional Budget Office said on Thursday.
Microsoft CEO says no China exit
Microsoft Corp has no plans to pull out of China, its chief executive said on Thursday, playing down concerns about recent cyber-attacks and censorship raised by rival Google Inc.
Banks, experts eye possible ways around Obama fee
No sooner does Washington propose a new tax than an army of experts tries to figure out ways to avoid it.
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