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Wall Street advances as Oracle leads techs

Technology stocks led Wall Street higher on Friday after Oracle's upbeat outlook, putting all three major stock indexes on track to end the week in positive territory after two weeks of declines.

Avoid Gold Warning from Big Institutions

[Investors] don't believe in the gold story anymore, declared Kevin Norrish of Barclays Capital on Wednesday, announcing the bank's latest commodity investment survey of institutional players. Not one single respondent chose Gold Bullion as the likely best performer in 2011, Norrish said.

Moody's maintains Portugal at A3, outlook negative

Moody's credit rating for Portugal depends heavily on the country maintaining strong commitment to consolidating its finances, the rating agency said on Friday.

Wall St set to open higher on Oracle outlook

Stocks were poised for a higher open on Friday as an upbeat outlook from Oracle boosts technology stocks.

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Futures rise on Oracle's upbeat view

Stock index futures rose on Friday, supported by technology shares after Oracle gave an upbeat forecast.

Futures gain as Oracle outlook boosts techs

Stock index futures rose on Friday, supported by technology shares after Oracle gave an upbeat forecast.

J.P. Morgan's Dimon, other CEOs descend on Tokyo to rally troops

JPMorgan Chase & Co boss Jamie Dimon and Coca-Cola CEO Muhtar Kent were among top global executives to visit Tokyo this week to meet with local staff coping with the devastating earthquake and radiation panic that hit the city.

China sees strong commodities, weak dollar in 2011

Loose monetary policies in developed economies will place more upward pressure on global commodity prices and weigh on the dollar this year, the Chinese central bank said on Friday.

Apple's iPad 2 hits overseas stores after U.S. sellout

Hundreds of customers formed long lines outside Apple stores on Friday for the international launch of the iPad 2, which has flown off the shelves in the United States and left the company struggling to meet demand.

Fed's Kocherlakota - Bubble's end need not hurt jobs

The collapse of an asset bubble will not necessarily lead to higher unemployment as long as monetary policy is loose enough, a top Federal Reserve Bank official said on Friday.

Global crises to soften M&A near-term after strong Q1

This year is set to be a blockbuster for deals, exemplified by mega acquisitions such as T-Mobile USA or Genzyme, with turmoil in the Middle East and Japan causing just a temporary slowdown.

Japan vows caution on new debt; may review corp tax cut

Japan needs to be careful about taking on new debt to fund relief and reconstruction after this month's deadly earthquake and tsunami, and may review its plan to cut the corporate tax, top economic officials said on Friday.

Fannie report warned of foreclosure problems: report

Fannie Mae was warned in a 2006 internal report of abuses in the way lenders and their law firms handled foreclosures, The Wall Street Journal reported on Thursday.

UAW protests bank in attempt to gain wider support

The United Auto Workers, as part of an effort to broaden support among middle class Americans as it approaches bargaining with the three major U.S. automakers, on Thursday rallied at a downtown Detroit branch of the Bank of America

Durable goods orders fall, job market healing

Orders for long-lasting U.S. manufactured goods fell in February as companies scaled back investment plans for a second month in a row, suggesting a cooling off in business spending.

Trial hears Rajaratnam brothers cursing article

Barclays raises 2011 oil price forecasts

Barclays Capital raised its 2011 oil price forecasts on Thursday to reflect the cumulative effect of the fundamental and geopolitical developments in 2011 and importance of events over the past 10 days in particular, the company said in a note to clients.

Corrected: Trial hears Rajaratnam brothers cursing article

Fed to hold media briefings in historic shift

Federal Reserve Chairman Ben Bernanke will break nearly 100 years of tradition at the U.S. central bank next month when he begins talking to the media after policy meetings.

Instant view: Fed to hold post-FOMC media briefings

Federal Reserve Chairman Ben Bernanke will hold media briefings four times a year in a historic shift to greater openness at the traditionally secretive U.S. central bank.

U.S. Postal Service to cut 7,500 jobs, close offices

The U.S. Postal Service said on Thursday it would cut 7,500 jobs and close seven district offices and 2,000 post offices as it handles less mail and faces greater staff costs and competition from FedEx and United Parcel Service .

GameStop sees better 2011 for games business

GameStop Corp, the world's largest retailer of video game products, forecast stronger 2011 profits that signaled a rebound in the traditional video game industry.

Media vets Brill and Crovitz sell Journalism Online

Media veterans Steven Brill and Gordon Crovitz sold their company Journalism Online, which helps publishers charge for content, to RR Donnelley & Sons Co, the printing services company said on Thursday.

Earnings hope lifts stocks, S&P above key resistance

U.S. stocks advanced on Thursday as optimism about upcoming earnings and investor buying of the quarter's top performers lifted the S&P 500 above a key technical level.

U.S. durable goods orders fall, job market healing

Orders for long-lasting U.S. manufactured goods fell in February as companies scaled back investment plans for a second month in a row, suggesting a cooling off in business spending.

Corrected: Instant view: Fed to hold post-FOMC media briefings

(Corrects Lou Crandall comment to say the Fed's policy views since the beginning, and not since the Beijing.)

FedEx: Japan shipments light, TNT too expensive

FedEx Corp said shipment volume from Japan is light but is expected to pick up as factories there return to business, Chief Financial Officer Alan Graf said.

Portugal crisis hijacks European summit

A political crisis in Portugal that has forced the resignation of its prime minister dominated the start of a summit of EU leaders on Thursday, with Lisbon rejecting intense pressure to seek a bailout package.

Fed, in historic shift, to brief media on policy

Federal Reserve Chairman Ben Bernanke will break nearly 100 years of tradition at the U.S. central bank next month when he begins talking to the media after policy meetings.

Fitch cuts Portugal ratings on PM resignation

Fitch on Thursday cut Portugal's credit ratings by two notches, saying risks to the country's financing rose after parliament failed to pass fiscal austerity measures and the prime minister resigned.

Analysis: AT&T mega merger bad sign for spectrum reform

AT&T Inc's $39 billion bid to buy Deutsche Telekom AG's T-Mobile casts doubt on the U.S. government's ability to swiftly deliver policy to meet the booming demand for wireless services.

Toyota to restart hybrid vehicle output in Japan

Toyota Motor Corp said on Thursday it would restart production of three hybrid models on Monday after a massive earthquake this month disrupted output across the industry.

Stocks to rise further despite crises overseas: poll

The U.S. Standard & Poor's 500 index will finish the year with double-digit gains, unfazed by Japan's nuclear crisis or unrest in the Middle East and North Africa, which is driving up oil prices, a Reuters poll found.

Instant view: Jobless claims fall, durables goods orders fall

New U.S. claims for unemployment benefits fell as expected last week, with the four-week moving average dropping to it lowest level in more than 2-1/2 years, showing the labor market healing was becoming entrenched.

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