Wednesday, February 1, 2012

Business News Feeds

Business News Feeds


Hot start: Dow and S&P have best January since '97

Posted: 01 Feb 2012 02:51 PM PST

(01-31) 14:55 PST NEW YORK, (AP) -- It's the best start for stocks in 15 years. In what was mostly a slow and steady climb, the Dow Jones industrial average rose 3.4 percent in January and the Standard & Poor's 500...

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Consumer confidence falls in January

Posted: 01 Feb 2012 02:51 PM PST

(01-31) 07:49 PST New York (AP) -- Consumer confidence fell in January after two straight months of big gains because Americans were less optimistic about their incomes, a private research group reported. The Conference...

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Feds pressure American Airlines to save pensions

Posted: 01 Feb 2012 02:51 PM PST

(01-31) 10:03 PST DALLAS, (AP) -- The federal pension-insurance agency filed $91 million in liens against American Airlines property in a bid to pressure the company to save its retirement plans instead of dumping the...

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Obama wants small-business bill this year

Posted: 01 Feb 2012 02:51 PM PST

(01-31) 08:40 PST WASHINGTON (AP) -- Seeking cooperation in a polarized climate, President Barack Obama called on Congress Tuesday to act quickly on bipartisan measures that would extend tax breaks for small businesses...

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4 UK men admit London Stock Exchange bomb plot

Posted: 01 Feb 2012 02:51 PM PST

(02-01) 06:30 PST LONDON, United Kingdom (AP) -- Four British men fueled by the words of a U.S.-born Muslim cleric pleaded guilty Wednesday to involvement in an al-Qaida inspired plot to spread terror and cause economic...

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Super Bowl advertisers go after "second screens"

Posted: 01 Feb 2012 02:51 PM PST

(02-01) 06:24 PST NEW YORK, (AP) -- Call it the "second-screen" Super Bowl. About two-thirds of smartphone and tablet owners use their gadgets to do things like text or post on Twitter while watching TV, according to...

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AMR lost $904 million in December

Posted: 01 Feb 2012 02:51 PM PST

(02-01) 06:23 PST DALLAS, (AP) -- American Airlines' parent company says it lost $904 million in December _ more than in the first nine months of 2011 combined. Revenue was $2 billion in December, American's first full...

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Treasury exploring new types of debt securities

Posted: 01 Feb 2012 02:51 PM PST

(02-01) 06:18 PST WASHINGTON, (AP) -- The Treasury Department is exploring the idea of issuing two new types of securities as a way of expanding the government's means of financing operations. One of the securities...

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Malaysia grants license to Aussie rare earth plant

Posted: 01 Feb 2012 02:51 PM PST

(02-01) 06:01 PST KUALA LUMPUR, Malaysia (AP) -- Malaysia on Wednesday granted a license for an Australian mining company to operate the first rare earths plant outside China in years, despite public protests over fears...

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UN nuke official: New trip to Iran planned

Posted: 01 Feb 2012 02:51 PM PST

(02-01) 05:56 PST VIENNA, Austria (AP) -- A senior U.N. nuclear expert on Wednesday announced plans to revisit Tehran soon after a "good trip," indicating progress on his team's quest to probe suspicions that the...

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Fiat 2011 earnings double as Chrysler sales rise

Posted: 01 Feb 2012 02:51 PM PST

(02-01) 05:51 PST MILAN, (AP) -- Fiat Group SpA, the Italian automaker which controls Chrysler, on Wednesday reported that full-year earnings more than doubled _ beating expectations _ as Chrysler posted its first...

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Chrysler US sales rise 44 pct in January

Posted: 01 Feb 2012 02:51 PM PST

(02-01) 05:32 PST DETROIT (AP) -- Chrysler's January U.S. sales jumped 44 percent over a year ago, starting off what is expected to be a strong year for auto sales. The company said its Chrysler, Dodge, Jeep and Ram...

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Bevilacqua, ex-head of Philly archdiocese, dead

Posted: 01 Feb 2012 02:51 PM PST

(02-01) 05:58 PST PHILADELPHIA, (AP) -- Retired Cardinal Anthony Bevilacqua (beh-vih-LAH'-kwah), who served as head of the Archdiocese of Philadelphia for more than 15 years, has died. He was 88. Spokeswoman Donna...

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UK panel rejects BAA's Stansted appeal

Posted: 01 Feb 2012 02:51 PM PST

(02-01) 05:09 PST LONDON, United Kingdom (AP) -- Airport operator BAA has lost its appeal against an order to sell Stansted airport, British competition authorities said Wednesday. BAA, which owns Heathrow airport, had...

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Ship traffic for Feb. 01

Posted: 01 Feb 2012 02:51 PM PST

Due to arrive today SHIP FROM PORT Hansa Magdeburg Port Unknown OAK Solar Wing Portland, Ore. RCH Pusan Seattle OAK APL Arabia Port Unknown OAK Ever Reach Port Unknown OAK Neptune Leader Port Hueneme, Calif. RCH Due to...

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RadioShack's 30% stock plummet a 30-year record

Posted: 01 Feb 2012 02:51 PM PST

Number of the day 30% That's how much RadioShack stock fell Tuesday after the consumer-electronics retailer suspended share repurchases and reported preliminary fourth-quarter earnings that trailed Wall Street estimates....

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Apple's new VP brings retail store expertise

Posted: 01 Feb 2012 02:51 PM PST

For its first big hire of the post-Steve Jobs era, famously insular Apple has turned to an outsider. The Cupertino company announced Tuesday that it has hired John Browett, CEO of European electronics retailer Dixons...

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Pfizer earnings beat analysts' estimates

Posted: 01 Feb 2012 02:51 PM PST

Pfizer reported earnings that beat analysts' estimates as the company's non-pharmaceutical units and cost cutting overcame losses from generic competition to its best-seller Lipitor. Fourth-quarter earnings excluding...

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Neil Young, Steve Jobs worked on a hi-fi project

Posted: 01 Feb 2012 02:51 PM PST

MUSIC Neil Young, Jobs had hi-fi project Musician Neil Young said he worked with Steve Jobs on a high-fidelity music service before Apple shelved the project. While chief executive officer of Apple, Jobs sought to offer...

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Amazon.com earnings: Sales up, income down

Posted: 01 Feb 2012 02:51 PM PST

EARNINGS Sales up, income down for Amazon Amazon.com, the world's largest Internet retailer, missed analysts' fourth-quarter revenue estimates and reported a 57 percent decline in profit, dragged down by shipping costs...

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Hires and promotions, Feb. 1

Posted: 01 Feb 2012 02:51 PM PST

Harold Sogard was appointed to the new position of chairman for Publicis & Hal Riney. Riney recently combined its operations with sister digital shop Publicis Modem San Francisco. Previously, Sogard was vice chairman...

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Wells Fargo moving into investment banking arena

Posted: 01 Feb 2012 02:51 PM PST

The sun was rising over San Francisco's financial district in November 2009 when Richard Kovacevich picked up the phone in his 12th-floor office to call Omaha, Neb. It was about a year after Wells Fargo and Kovacevich,...

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Lucky Strike to bring posh bowling to Mission Bay

Posted: 01 Feb 2012 02:51 PM PST

Once there were books, lots of them. Soon, there'll be bowling, with plenty of glitz. The empty space that was once a Borders bookstore on King Street in San Francisco's Mission Bay will, as of next month, be a Lucky...

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Facebook IPO filing expected to come with a twist

Posted: 01 Feb 2012 02:51 PM PST

Facebook founder Mark Zuckerberg turns up at business conventions in a hoodie. "Cocky" is the word used to describe him most often, after "billionaire." He was Time's person of the year at 26. So when he takes Facebook...

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Marina home offers contemporary design, views

Posted: 01 Feb 2012 02:51 PM PST

Twice a week, The Chronicle features a local home on the market that caught our eye for its architecture, history or character. See more photos at www.sfgate.com/ZHQD . Address: 145-147 Magnolia St., San Francisco...

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IPad helps Apple succeed in business world

Posted: 01 Feb 2012 02:51 PM PST

Apple, without much effort on its part, is making rapid headway in selling to corporations. After years of being the also-ran to Microsoft in the workplace, Apple has seen its iPad become a standard business tool....

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Ford and Chrysler Post Sales Gains

Posted: 01 Feb 2012 07:02 AM PST

DETROIT (TheStreet) -- Ford said January sales rose 7%, while Chrysler sales rose 44%.

The results from the two U.S. companies, the first two automakers to report January sales on Wednesday, were roughly in line with expectations, although Chrysler's sales were somewhat higher than the 34% sales gain forecast by TrueCar.com. Later Wednesday morning, GM is expected to report a single-digit sales decline, largely as a result of its reduced incentives. Overall, U.S. light vehicle sales are expected to gain 6% to 7% in January. 2012 Ford Focus

Ford said it sold 136,710 vehicles. Focus was Ford's hot car, with sales up 60% to 14,400 vehicles. Sales of the F-Series, the best-selling U.S. vehicle, rose 8% to 38,493 units. Sales of the Escape utility rose 24% to 17,259 units. ...

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GM's US sales fall 6 percent in January (AP)

Posted: 01 Feb 2012 07:00 AM PST

AP - General Motors Co. says its U.S. sales fell 6 percent in January compared to a strong month a year ago.

Obama Seeks 'On-Ramp' for More Startups to Go Public

Posted: 01 Feb 2012 06:59 AM PST

For certain small companies going public, the change would delay some requirements of Sarbanes-Oxley that have to do with internal controls

Why Food Startups Are Getting Hot

Posted: 01 Feb 2012 06:59 AM PST

One-Percenters Want to Buy the Corner Bakery

Posted: 01 Feb 2012 06:59 AM PST

Smarting from poor returns in the markets, ultrawealthy individuals plan to increase their investments in small businesses

REITs to avoid

Posted: 01 Feb 2012 06:56 AM PST

Investors are racing into REITs that promise higher yields than equity REITs. But be forewarned, the higher yields of these other types of real estate vehicles come with very real risks.

PlayStation Veteran Lands Sony Top Spot

Posted: 01 Feb 2012 06:55 AM PST

Sony tapped PlayStation veteran Hirai as its next president and CEO, succeeding Stringer.


Gold Prices Build on January's 11% Rally

Posted: 01 Feb 2012 06:55 AM PST

NEW YORK (TheStreet ) -- Gold prices were climbing higher Wednesday along with the euro, building on their 11% January rally.

Gold for February delivery was up $7.20 at $1,747.60 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,754 and as low as $1,735.40 an ounce while the spot price was adding $6, according to Kitco's gold index.

...

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World factory output curbed by troubled Europe (Reuters)

Posted: 01 Feb 2012 06:54 AM PST

Reuters - Crumbling global demand restrained factory output in Asia and most of Europe in January, business surveys showed on Wednesday, putting pressure on policymakers to shore up growth and counter a spreading malaise.

Don't rush into REITs

Posted: 01 Feb 2012 06:54 AM PST

You'd think that investors would be leery of companies that own and manage commercial real estate. Vacancy rates remain elevated in office buildings and shopping centers. Except for apartment buildings, rents really haven't grown at all in four years. And given the possibility that the global economy may retrench yet again, things could still get worse before they get better.

Manufacturers see positive start to year

Posted: 01 Feb 2012 06:53 AM PST

Purchasing manager surveys show many economies are recovering but outlook for southern eurozone remains bleak

Markets buoyant as focus turns to U.S.

Posted: 01 Feb 2012 06:52 AM PST

Solid manufacturing reports from around the world, more signs of U.S. jobs growth lifts stocks as fears over Europe's debt crisis ease.


Chrysler, Ford report higher January U.S. auto sales (Reuters)

Posted: 01 Feb 2012 06:51 AM PST

Reuters - Chrysler Group LLC reported a hefty 44-percent gain in U.S. auto sales in January, led by its Jeep brand, while Ford Motor Co posted a 7 percent gain, falling short of some analyst estimates.

Romney Wins Big in Florida Primary

Posted: 01 Feb 2012 06:50 AM PST

Romney handily won Florida's Republican primary, riding a new, combative campaign style to a victory that returns him to his role as the favorite to win his party's nomination.


A 'Black Day' for Europe and a Win for NYSE

Posted: 01 Feb 2012 06:48 AM PST

NEW YORK (TheStreet) - Europe may have done NYSE Euronext shareholders a solid rejecting what the $9.5 billion merger between the NYSE and Deutsche Boerse, analyst say.

First, the deal's failure will benefit NYSE Euronext shareholders with a $550 million share buyback program. In addition, killing the deal in the middle of European debt crisis means that the NYSE value won't be dragged down by the Continents all-but-assured recession.

The proposed deal would have created the largest stock and derivatives exchange in Europe and one of the largest in the world, further tying NYSE Euronext's fate to the struggling region. While NYSE investors reacted strongly to an upbeat capital return plan, Deutsche Boerse seemed in far worse spirits on the deal breakup. "This is a black day for Europe and for its future competitiveness on global financial markets," said Deutsche Boerse in a statement. ...

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Nasdaq OMX Profit Slumps 40%

Posted: 01 Feb 2012 06:45 AM PST

Higher expenses as well as quieter trading during the fourth quarter pressured the exchange operator's results. But core per-share earnings topped expectations.


Stocks Surge Ahead of U.S. Data

Posted: 01 Feb 2012 06:45 AM PST

NEW YORK (TheStreet) -- Stocks jumped at the open Wednesday ahead of data that will likely show a rise in U.S. manufacturing activity.

The Dow Jones Industrial Average was up 124 points, or 1%, at 12,757. The S&P 500 was up 11 points, or 0.8%, at 1323. The Nasdaq was up 18 points, or 0.6%, at 2831.

Wednesday is chock-full of important economic figures that started with a preview of Friday's government jobs report from payroll processing firm Automatic Data Processing. Companies added 170,000 new jobs in January, according to ADP, falling short of the 185,000 estimate from Thomson Reuters. December payrolls were downwardly revised to 292,000 from 325,000. Monthly gains in employment have averaged 223,000 over the last three months, suggesting that the jobs recovery remains anemic. ...

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EU Blocks Merger of Exchanges

Posted: 01 Feb 2012 06:43 AM PST

The European Commission decided to block the merger of exchanges Deutsche Börse and NYSE Euronext.


Private sector adds 170,000 jobs in January: ADP (Reuters)

Posted: 01 Feb 2012 06:41 AM PST

Reuters - The pace of job creation by private employers slowed more than expected in January after a sharp gain the month before, a report by a payrolls processor showed on Wednesday.

ADP: Private sector adds 170,000 jobs in January

Posted: 01 Feb 2012 06:41 AM PST

Companies slowed their hiring in January, according to a report by payroll processor ADP.

Wall Street opens higher on overseas optimism (Reuters)

Posted: 01 Feb 2012 06:40 AM PST

Traders work on the floor of the New York Stock Exchange January 31, 2012. REUTERS/Brendan McDermidReuters - Stocks opened higher on Wednesday after better-than-expected data out of China and Germany and as Greece inched closer to a debt deal, though recent market action suggested gains could be ephemeral.


Higher sales lift Chrysler to $183M profit in 2011

Posted: 01 Feb 2012 06:40 AM PST

Chrysler, propelled by higher sales of Jeeps and other revamped cars and trucks, reported its first annual profit since 1997.


Stocks get early boost from manufacturing data

Posted: 01 Feb 2012 06:40 AM PST

U.S. stocks opened higher Wednesday, as investors welcomed stronger manufacturing data around the world.

GM debuts green label for all Chevrolets

Posted: 01 Feb 2012 06:40 AM PST

General Motors debuts environmental labels this March on 2012 Chevrolet Sonics and later this year on all Chevrolets sold in the U.S.


Insiders Trading VPRT, CCI, ANEN, GEL

Posted: 01 Feb 2012 06:38 AM PST

By Jonathan Moreland, founder of Insider Insights and author of Profit From Legal Insider Trading.

NEW YORK (TheStreet) -- Which insiders are selling and buying chunks of stocks?

Below are lists of the top 10 mainly open-market insider purchases and sales filed at the Securities and Exchange Commission Tuesday, January 31, 2012 as ranked by dollar value. Company executives and directors are in the best position to assess the attractiveness of their firms' shares, and here is how many of them are voting their wallets! Please note, however, that these are factual lists, not buy and sell recommendations. Dollar value is only one metric to assess the importance of an insider transaction....

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Northrop profit rises 80%

Posted: 01 Feb 2012 06:35 AM PST

Northrop Grumman Corp., the maker of the U.S. military's Global Hawk drone, said fourth-quarter profit rose 80 percent and forecast 2012 earnings that fell short of analysts' estimates.


4 UK men admit London Stock Exchange bomb plot (AP)

Posted: 01 Feb 2012 06:30 AM PST

This undated picture made available by West Midlands Police on Wednesday Feb. 1, 2012, shows Mohammed Chowdhury, one of four British men radicalized by a U.S.-born Muslim cleric that pleaded guilty on Wednesday Feb. 1 to involvement in an al-Qaida inspired plot to spread terror and cause economic damage by bombing the London Stock Exchange at Christmastime. The men were among nine defendants facing trial in London over an alleged plot to attack the exchange and several other high-profile targets in December 2010. (AP Photo/West Midlands Police)AP - Four British men fueled by the words of a U.S.-born Muslim cleric pleaded guilty Wednesday to involvement in an al-Qaida inspired plot to spread terror and cause economic damage by bombing the London Stock Exchange at Christmastime.


Sony Selects Its Video Games Chief as New Leader

Posted: 01 Feb 2012 06:30 AM PST

The struggling electronics and entertainment giant said that Kazuo Hirai, who led a turnaround at its PlayStation business, would become president and chief executive.

Roche Upbeat as Profit Rises

Posted: 01 Feb 2012 06:29 AM PST

Swiss pharmaceutical company Roche issued an upbeat outlook for 2012 after reporting a rise in full-year net profit due to tight cost controls and despite a drop in annual sales.


Chrysler: From bankruptcy to profit in 2 years

Posted: 01 Feb 2012 06:29 AM PST

Chrysler Group reported its first annual profit since 2005 Wednesday, capping a comeback a little more than two years after a federal bailout, a bankruptcy filing and a takeover by Italian automaker Fiat.

Greece, IMF expect debt deals soon (AP)

Posted: 01 Feb 2012 06:29 AM PST

A homeless man sleeps on a bench outside the municipal culture center of Athens as graffiti reads ''We destroy the present GAP-George Papandreou (former Greek Prime Minister) we are coming,'' as temperatures fell below zero degrees Celsius (32 Fahrenheit)  around the country, Tuesday, Jan. 31, 2012. The country's national debt exceeded euro350 billion last year, and without the bond-swap deal would not be considered sustainable as Greek gross domestic product is set to slow to euro215 billion in 2012, in a fourth year of recession, according to state budget figures. (AP Photo/Thanassis Stavrakis)AP - Greece and the IMF said Wednesday that negotiations for landmark debt deals will be concluded in a "matter of days," raising hopes that the country will dodge a disastrous default in the spring.


Super-Pacs outspend presidential candidates

Posted: 01 Feb 2012 06:26 AM PST

Rich business leaders have given millions to Republican campaigners using new fundraising vehicles to beat Obama in the election

Why Amazon Fell Short: The Real Story

Posted: 01 Feb 2012 06:26 AM PST

NEW YORK (TheStreet) -- Amazon's revenues have often come out to wild acclaim, while profits suffer all sorts of trials and suffering, as the company invested in future growth. But this time was different.

In the company's fourth quarter, reported after the stock market's close yesterday, sales disappointed. That's right: Amazon came in light on the top line.

Considering, the media should have pointed this out as a strange turn of events. More to the point, they should have examined why Amazon's revenue line was an uncharacteristic concern. After all, you can't understand the quarter or judge the worth of any assurances Amazon gives about the future if you can't adequately pinpoint what went wrong in the fourth quarter and why. ...

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EU blocks merger of N.Y. Stock Exchange with Deutsche Boerse

Posted: 01 Feb 2012 06:24 AM PST

NYSE says the two companies are now discussing terminating the merger agreement.


Target VNM as Vietnam Inflation Eases

Posted: 01 Feb 2012 06:23 AM PST

The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.

By David Gillie

NEW YORK (ETF Digest) -- For those of you in my generation, the thought of Vietnam brings up visuals of military carnage as seen on the nightly news of the 1960's. But that's history. The Vietnam of today is a tourist destination. ...

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Marathon Weighs Pipeline Option

Posted: 01 Feb 2012 06:21 AM PST

Marathon Petroleum said it will explore a corporate structure for its pipeline operations that reduces tax liabilities, in addition to implementing a $2 billion share buyback.


Chrysler profits continue to support Fiat

Posted: 01 Feb 2012 06:21 AM PST

Chrysle'sr fourth quarter profit of $225 million was its best quarter since the company emerged from bankruptcy reorganization in 2009.


Health insurer Aetna's 4Q profit jumps 73 percent (AP)

Posted: 01 Feb 2012 06:19 AM PST

This Jan. 30, 2012 photo, shows an Aetna benefits card and medical information,in Surfside, Fla. Health insurer Aetna Inc.’s fourth-quarter net income jumped 73 percent, as it continued to benefit from low use of health care and some key expenses fell. (AP Photo/Wilfredo Lee)AP - Health insurer Aetna Inc.'s fourth-quarter net income jumped 73 percent, as it continued to benefit from low use of health care and some key expenses fell.


Small biz loan demand up, Federal Reserve says

Posted: 01 Feb 2012 06:18 AM PST

A growing portion of the nation's banks saw a spike in demand for loans to smaller firms late last year, according to the latest Federal Reserve figures.

Sony's Hirai to replace Stringer as CEO in April

Posted: 01 Feb 2012 06:17 AM PST

Head of Sony's core consumer products business will replace Howard Stringer as CEO and president effective April 1.


Plosser slams Fed's 2014 low-rate forecast (Reuters)

Posted: 01 Feb 2012 06:17 AM PST

Reuters - A top Federal Reserve official sharply criticized the U.S. central bank's decision last week to telegraph ultra low interest rates for nearly three more years, saying on Wednesday the move undermined confidence and caused confusion.

Chrysler Posts Full-Year Profit

Posted: 01 Feb 2012 06:14 AM PST

Chrysler reported a fourth-quarter and full-year profit for the first time since emerging from bankruptcy in 2009 as it nabbed a bigger piece of the U.S. market.


Julian Assange Appeals Extradition at Britain’s Supreme Court

Posted: 01 Feb 2012 06:13 AM PST

Julian Assange was set to appear on Wednesday at Britain's Supreme Court to appeal an order approving his extradition to Sweden.

DealBook: NYSE and Deutsche Borse Plan to Call Off Merger

Posted: 01 Feb 2012 06:13 AM PST

NYSE Euronext and Deutsche Borse said they were in talks to call off their planned merger, after European antitrust regulators formally opposed the deal.

U.S. regulator kicks off foreclosure sales plan (Reuters)

Posted: 01 Feb 2012 06:13 AM PST

A new home development is shown in Miami in this January 26, 2010 file photo. Housing-related stocks declined after data showed sales of new single-family homes fell for the first time in four months in December of 2011 and were shy of Wall Street expectations. The data followed the soft pending home sales report on January 25, 2012 and dented optimism that the housing market may have reached a bottom.  REUTERS/Joe Skipper/Files   (UNITED STATES - Tags: BUSINESS REAL ESTATE)Reuters - The regulator for housing finance firms Fannie Mae and Freddie Mac said on Wednesday investors could now sign up to pre-qualify to bid on foreclosed properties held by the government-controlled firms.


Lloyds Revamps Top Brass

Posted: 01 Feb 2012 06:10 AM PST

Lloyds Banking Group announced changes to its board and management and business structure, designed in part to assuage investor concerns after Chief Executive Antonio Horta-Osório's recent absence due to exhaustion.


Markets Buoyant Ahead of Run of U.S. Data

Posted: 01 Feb 2012 06:10 AM PST

Solid manufacturing surveys from around the world helped lift markets as attention turned towards the state of the U.S. economy ahead of a crucial jobs report.

Cars to star in many Super Bowl ads

Posted: 01 Feb 2012 06:07 AM PST

This year's Super Bowl will have more than 14 car-related ads, taking up nearly two dozen of the 70 30-second ad slots.


Stock Futures Rise Ahead of Manufacturing Data

Posted: 01 Feb 2012 06:07 AM PST

NEW YORK (TheStreet) -- Stock futures pointed to a strong start for the first trading day of February ahead of a release that may show a rise in U.S. manufacturing activity.

Futures for the Dow Jones Industrial Average were up 83 points, or 81 points above fair value, at 12,660. Futures for the S&P 500 were up 6 points, or 6 points above fair value, at 1314. Futures for the Nasdaq were up 11 points, or 11 points above fair value, at 2475.

Wednesday is chock-full of important economic figures, starting with a preview of Friday's government jobs report from payroll processing firm Automatic Data Processing. Companies added 170,000 new jobs in January, according to ADP, falling short of the 185,000 estimate from Thomson Reuters. December payrolls were downwardly revised to 292,000 from 325,000. Monthly gains in employment have averaged 223,000 over the last three months, suggesting that the jobs recovery remains anemic. ...

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US companies jobs growth slower than expected

Posted: 01 Feb 2012 06:04 AM PST

Jobs growth slowed in the US private sector last month, missing estimates of a stronger rise in a report released ahead of Friday's government payrolls tally

Private Job Creation Slowed in January

Posted: 01 Feb 2012 06:03 AM PST

Private employers added 170,000 jobs last month, down from a sharp increase in December, a report from ADP showed.

Will Amazon's Bad Earnings Affect FDN?

Posted: 01 Feb 2012 06:00 AM PST

We compare AMZN to the First Trust Internet ETF, FDN.

How to Spot a Fake Product Review

Posted: 01 Feb 2012 06:00 AM PST

NEW YORK (MainStreet) -- VIP Deals may have been called out by various news outlets for offering rebates in exchange for user reviews, but they're certainly not the only company to garner product praise that's not entirely genuine.

"A lot of companies are paying people to write reviews," says Carl Laron, senior technology editor for product review site ConsumerSearch, but that doesn't mean all user reviews should be discounted. Here are a few ways to tell if a review might be phony. Some companies offer financial incentives for people to write a positive product review, blurring the value of product review Web sites. ...

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