JP Morgan 1Q Profit Down 3.1%; Retail Revenue Surges
The bank's quarterly profit totaled $5.38 billion, down from $5.56 billion a year earlier. That translated to $1.31 a share, compared with $1.28 a share as the number of shares outstanding declined.
EU Court Backs UK Extradition Of 5 Terror Suspects To US
Radical Muslim cleric Abu Hamza al-Masri and four other men had been fighting extradition, saying they would face inhumane conditions in the supermax federal prison in Florence, Colo.
Iran Urges 'Honesty,' No Preconditions Ahead Of Nuclear Talks
Setting conditions before the meeting means drawing conclusions, which is completely meaningless, Foreign Minister Ali Akbar Salehi said, referring to discussions set for Saturday in Turkey with the so-called P-5 Plus 1 group.
Sony To Cut 10,000 Jobs As Part Of New CEO's Overhaul
About half the cuts will come from two moves the Japanese electronics and entertainment giant already announced -- the sale of its chemical-products business and the spinoff of midsize liquid-crystal-display operations to a venture with rivals Toshiba Corp. and Hitachi Ltd.
Mali Rebels' Independence Claim Draws Swift Rebukes
On its website, the group representing Tuareg rebels cites atrocities and more than 50 years of bad governance as reasons for declaring independence from Mali, whose government was toppled in a March 22 coup.
Russia Decries Viktor Bout Sentencing; Lawyer Says Extradition Won't Be Sought
Russia will take all necessary efforts to get its citizen returned to his native country, the foreign ministry said. Bout, dubbed the Merchant of Death and basis for the movie Lord of War, was sentenced Thursday to 25 years in prison.
7 Shot Dead At California College; Ex-Student Is Suspect
Police said the victims were six women and one man ranging in age from their 20s to 40s. Authorities confirmed the arrest of One Goh, a Korean native and naturalized U.S. citizen who is believed to have been a student at Oikos University.
Kentucky Beats Kansas, 67-59, To Grab NCAA Basketball Title
The Wildcats' Anthony Davis, despite scoring just six points in the title game, was named the tournament's Most Outstanding Player. But his six blocked shots gave Davis a season total of 186 -- an NCAA record for freshmen.
Plane Crash In Siberia Kills 31; Criminal Probe Underway
An ATR-72 twin-engine turboprop carrying 43 people crashed during an attempted emergency landing in a snow-covered field near Tyumen, in western Siberia.
US Stock Futures Signal Early Gains; ISM, Construction Data Eyed
Friday, the Dow gained 66.22 points, or 0.50 percent, to 13,212.04 at the close. The S&P 500 Index gained 5.19 points, or 0.37 percent, to 1,408.47, while the Nasdaq Composite dipped 3.79 points, or 0.12 percent, to 3,091.57. The uptick capped U.S. stocks' strongest quarter in more than two years.
Labor Audit Finds 'Serious' Breaches At Apple Supplier; Changes Promised
The audit, which Apple commissioned, found that 43 percent of workers at Foxconn had experienced or witnessed accidents, and nearly two-thirds said compensation does not meet their basic needs.
US To Impose 1st Carbon Limits On Power Plants
The long-awaited rules -- subject to congressional approval -- would sharply limit the harmful emissions allowed from such plants built in the future while allowing existing coal plants to keep operating for years.
'Pure Joy' As Tiger Woods Snaps PGA Victory Drought
Sunday's win at the Arnold Palmer Invitational was the 72nd of Woods's PGA Tour career, one behind Jack Nicklaus for No. 2 on the all-time list. The last one came 30 months ago, in September 2009.
Toulouse Siege Ends: Suspect Found Dead After Jump
Mohammed Merah, suspected in the killings of seven people in recent days, was found dead Thursday morning after jumping from a window of his Toulouse apartment building, France's interior minister said.
Stock Futures Up Ahead Of Home-Sales Data; Oracle Rises
Asia shares continued to fall amid lingering worries about China growth. In Japan, shares declined for the first time in six sessions.
US Futures Down Amid Apple Buyback, Dividend News
European markets lost ground as the lack of positive catalysts prompted a pause in the recent string of gains, while Asian stocks were mostly higher.
Romney's Puerto Rico Win Adds To Pressure On Santorum
The front-runner has so far amassed more delegates than his Republican rivals combined and is poised to win more Tuesday in Illinois, even if he loses the popular vote, Romney's campaign says. It's stepping up calls for Santorum to concede defeat and quit.
UPS To Acquire TNT Express For €5.16B In All-Cash Deal
UPS will pay €9.50 a share in cash for Europe's second-biggest express-delivery provider, up from a February bid of €9 a share and 54 percent above TNT shares' closing price on Feb. 16. The deal is the biggest in UPS's 105-year history.
Goldman Sachs CEO Fires Back At Disgruntled Banker
In a resignation letter published in the New York Times, Greg Smith said he was disgusted at how the Wall Street firm valued making money from clients over trying to help them. But Goldman and its chief executive said the ex-executive's criticisms weren't reflective of the firm.
Santorum Sweeps Alabama, Mississippi, Clouding Romney's 'Inevitability' Claim
The frequent runner-up urged supporters to help him beat presumptive front-runner Romney. Now is the time to pull together, Santorum said. We are campaigning everywhere there are delegates because we are going to win this nomination before the convention.
Militants Attack Afghan Officials Mourning Slain Civilians
Tuesday's attack in Kandahar province came as student protesters in the eastern city of Jalalabad condemned the weekend killing of several civilians by a U.S. Army staff sergeant. The 38-year-old serviceman could face the death penalty if convicted, a top U.S. official said.
PepsiCo Shake-Up: Ex-Exec To Run Food Unit
The hiring of Wal-Mart's Brian Cornell to run the Americas food unit and promotion of longtime executive John Compton to the new post of president might be seen as attempts to find a successor to Chairman and CEO Indra Nooyi, who has been mentioned in media reports as a potential candidate for World Bank president.
China Signals Freer Yuan, More Flexible Monetary Policy
The closer the yuan is to an equilibrium, the bigger role market forces will play in the yuan exchange rate, PBOC Governor Zhou Xiaochuan said Monday. He said the central bank will allow and encourage market forces to play a bigger role while decreasing its intervention in the market in an orderly manner.
Futures Signal Lower Open For US Stocks Monday
Investors await the Conference Board's employment trend index for February at 10 a.m. EDT, followed by the U.S. Treasury Department's budget-deficit figures for February.
US 4Q Productivity Revised To 0.9% As Labor Costs Rise 2.8%
Nonfarm business productivity rose 0.9 percent in the fourth quarter, revised from the previously estimated gain of 0.7 percent, as labor costs increased 2.8 percent.
Super Tuesday: What Do Romney's 6 Wins Mean?
Capping victories in five other states Tuesday, Mitt Romney won Ohio's Republican primary, narrowly beating Rick Santorum. But with the win come questions about Romney's campaign strategy and the candidate's appeal.
Yahoo to Lay Off Thousands in Restructuring
The Internet company plans a major restructuring of operations that will likely include thousands of layoffs, reports said. CEO Scott Thompson could announce the changes as soon as the end of March.
Putin Wins in Landslide, But Foes Cry Fraud
Vladimir Putin, now prime minister, claimed a resounding victory with 64 percent of the vote in Russia's presidential election Sunday. He'll return to a third term as president, but opponents, citing alleged evidence of fraud, denounced the vote as illegitimate and vowed to continue their protests.
Russia to Review Case of Jailed Oil Tycoon Khodorkovsky
The former Yukos chief's lawyer says news that outgoing Russian President Dmitry Medvedev has told prosecutors to review the conviction may be simply a formal decision, not meaning anything, or it may be a signal from above that they have decided to close the Khodorkovsky and [Platon] Lebedev cases.
Citi Chairman Parsons to Resign From Board
Citigroup Chairman Richard Parsons will resign from his post and the banking giant's board, the Wall Street Journal reported Friday. Parson, who joined the board in 1996, has reportedly told fellow directors he won't stand for re-election at Cit's annual meeting in April.