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Euro regains ground; oil, shares firmer

The euro clawed back some of its recent steep losses against the dollar and yen on Friday and rose off nine-month lows versus the Swiss franc while higher oil prices pushed European stocks higher in thin year-end trade.

Stock futures point to higher start for Wall Street

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Stocks were expected to open higher on Friday, recovering from the previous session's sharp falls. Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq Composite were up 0.2-0.4 percent by 0915 GMT (4:15 a.m. EST).
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Leaders press on to beat climate deadline

World leaders worked through the early hours to try and beat a Friday deadline for a deal on cutting emissions and helping poor countries cope with the costly impact of global warming.
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Icahn reports 11.3 pct stake in Take Two

Activist investor Carl Icahn reported an 11.3 percent stake in U.S. video game publisher Take Two Interactive Software Inc , sending its shares up 3.5 percent.
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Nike earnings beat St, stands by Tiger Woods

Nike Inc forecast a return to sales growth this quarter as it expands market share and rides stronger consumer spending, and on Thursday pledged to stand by Tiger Woods, the face of Nike's golf brand.
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BofA's Moynihan zones in on one word: Execute

Brian Moynihan may be about to run the largest U.S. bank at a time of massive change in the crisis-damaged industry but he seems to be restricting his public comments about strategy to one word: Execute.
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What will Climate Policy Cost Me? Look to Germany

When it is about pushing climate policies, the debate often surrounds the costs of implementation. Nations debate with nations, while citizens debate with their leaders. Locally, proponents often stress that new policies will create new jobs, 'green jobs,' as they say in the US. What is often not mentioned is that there are also costs, both in increasing prices and old jobs which are vanishing in turn.IBT's full coverage of Copenhagen
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Nike posts lower profit, sales

Nike Inc reported lower quarterly net income on Thursday, as weak sales in mature markets cut into profit at the world's largest athletic shoe and apparel maker.
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Fears over bank reserves overblown: Fed paper

Concerns over the surge in excess reserves in the U.S. banking system and its potential to fire up inflation are largely unwarranted, according to two New York Federal Reserve economists.
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SAG full list of nominees

The Screen Actors Guild has unveiled its nominees or the 16th annual SAG Awards to be held on January 23, 2010 at 8:00 p.m. at the Los Angeles Shrine Exposition Center.
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Oil, gas co's to hike new project spending: survey

Global spending on oil and gas exploration and production will rise 11 percent to $439 billion in 2010, reversing a drop in pending in 2009 as energy prices climb, according to a survey conducted by analysts at Barclays Capital.
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FedEx forecast disappoints, shares close down

FedEx Corp forecast on Thursday profit for the current quarter below analysts' expectations, raising concerns that the U.S. economy was not recovering as fast as had been expected, and sending its shares down more than 6 percent.
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Data points to economic recovery continuing

Factory activity in the U.S. mid-Atlantic region hit a 4-1/2-year high in December and a gauge of future economic conditions rose last month, adding to evidence of a pick-up in the pace of the economy's recovery.
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Libraries ask for oversight of Google books product

Three library associations have asked the Justice Department to oversee Google's plans to create a massive digital library to prevent an excessively high price for institutional subscriptions, the groups said on Thursday.

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