Crude oil prices surged, stocks fell around the world and the dollar gained on Friday as images of street battles in Egypt riveted investors and raised concerns the protests will intensify and spread across the Middle East.
Stocks fell from 29-month highs on Friday as investors worried about escalating anti-government protests in Egypt and as Amazon and Ford shares tumbled after results.
Chevron Corp reported a higher-than-expected fourth-quarter profit on Friday, lifted by the sharp rise in oil prices and the sale of its stake in a pipeline company.
The U.S. economy gathered speed in the fourth quarter, though a touch below expectations, with the biggest gain in consumer spending in more than four years and strong exports offering the clearest signals yet that a sustainable recovery is under way.
Fund manager T Rowe Price Group said fourth-quarter profit rose 26 percent as assets increased on market appreciation and inflows.
The U.S. economy gathered speed in the fourth quarter to regain its pre-recession peak with a big gain in consumer spending and strong exports, removing doubts about the recovery's sustainability.
Stocks fell from 29-month highs on Friday as Amazon and Ford reported weak results and investors worried about escalating protests in Egypt against the government.
Sliding profit margins at Amazon.com prompted mixed reactions from analysts on Friday, a day after it posted quarterly results, though most of them stuck to their top ratings on the world's largest online retailer.
Stocks fell from 29-month highs on Friday as Amazon and Ford reported weak results and investors worried about escalating protests in Egypt against the government.
Amazon.com founder and Chief Executive Jeff Bezos trimmed his stake in the world's biggest online retailer to under 20 percent last year, a regulatory filing showed on Friday, a day after the company reported quarterly results.
LinkedIn Corp, whose professional networking site has 90 million users, plans to raise up to $175 million in an initial public offering, according to a regulatory filing.
Ford Motor Co's fourth-quarter earnings fell far short of Wall Street expectations on higher costs to launch new vehicles like the Explorer, increasing commodity prices and an unexpected loss in Europe, sending its shares down 11.5 percent.
Steven met me at an event I facilitated, an event he attended in order to learn how to craft an effective résumé. After listening to my presentation and further reflecting on how he was going to present
Hedge fund manager John Paulson personally made more than $5 billion in profit in 2010, which may likely be the largest one-year earnings in investment history, the Wall Street Journal said.
Japan's prime minister vowed on Friday to push ahead with tax reforms to curb bulging public debt, but an uncooperative opposition and divisions within his own party on policy make the chances of success slim.
Poverty and unemployment reared their heads at the World Economic Forum on Thursday, with speakers urging the elite audience to bridge a growing gap between booming multinationals and the jobless poor.
CEO Bill Watkins wants to build a $100 million next-generation LED light factory near his Silicon Valley-area headquarters, but China wants the 2,000 jobs he hopes to create.
Stock index futures pointed to a flat open on Friday as data showed the economic expansion gathered speed in the fourth quarter, though a touch below forecasts.
Stock index futures were little changed on Friday, with the Dow on track for a ninth straight week of gains, as investors awaited a key reading on economic growth to see if recent gains could be extended.
The euro's rally against the dollar faltered on Friday and stocks opened weaker ahead of U.S. fourth-quarter GDP numbers on profit taking, although both look set to end the week in the black.
Stock index futures were little changed on Friday, a day after equities hit a new 29-month high, as investors awaited a key reading on economic growth.
The U.S. economy probably gathered speed in the fourth quarter, with the biggest gain in consumer spending in four years offering the clearest signal yet that a sustainable recovery is under way.
Hedge fund manager John Paulson personally made more than $5 billion in profit in 2010, which may likely be the largest one-year earnings in investment history, the Wall Street Journal said.
Stock index futures fell on Friday ahead of the release of fourth-quarter U.S. growth data, with futures for the S&P 500, Dow Jones and Nasdaq all down by around 0.2 percent by 4:35 a.m. ET.
Bank of America Corp may give some investment bankers a greater share of their bonus payments in cash for 2010 compared to the previous year, the Wall Street Journal said, citing people familiar with the situation.
Japanese leaders vowed on Friday to push ahead with tax reforms needed to rein in bulging public debt, but doubts persisted over whether the government could succeed in the face of a divided parliament.
Japan and the United States faced new pressure to confront their swollen budget deficits as the IMF and rating agencies demanded more evidence they can bring their public debts under control.
The United States and Japan received sharp warnings from the IMF and ratings agencies on Thursday that they must tackle their huge budget deficits to avoid investors dumping their bonds, which would create a sovereign debt crisis and push up their borrowing costs.
Asian stocks fell on Friday in a broad wave of profit-taking, giving up much of this week's gains, while a ratings cut gave investors an excuse to reduce their Japanese share holdings.
Asian stocks fell by half a percent on Friday, succumbing to a broad bout of profit-taking, as concern about rising inflation outweighed robust earnings.
