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What's News US

Updated: 13 min 7 sec ago

Jobs Data Show Growth Is Sustained

Sat, 02/04/2012 - 20:19

The U.S. economy added more jobs in January than in any month since early last year, pushing down the jobless rate to a level not seen since Obama's first full month in office.

Micron Technology Announces New Chief

Sat, 02/04/2012 - 18:01

Micron Technology Inc. announced Mark Durcan, 51, had been appointed chief executive replacing Steven Appleton, who was killed Friday when the small plane he was piloting crashed at an airport near the company headquarters in Boise, Idaho.

Dow at Highest Since May 2008

Sat, 02/04/2012 - 17:46

The blue-chip stock index rose 156.82 points to its highest level since May 2008, several months before the financial crisis, as better economic news encouraged investors to set aside their fears and focus on fundamentals. The Nasdaq hit its highest close since December 2000.

Greece Weighs Cuts Amid Bailout Talks

Sat, 02/04/2012 - 16:19

Greece edged toward a deal on a second billion bailout package, as political leaders were set to meet Sunday to weigh critical spending cuts.

China Tamps Down Europe Aid Fears

Sat, 02/04/2012 - 06:06

Chinese Premier Wen Jiabao sought to assuage concerns over Chinese investment in Europe, saying China has no intention to "buy" the continent.

Goldman Cuts Blankfein's Bonus

Fri, 02/03/2012 - 23:47

Goldman Sachs cut CEO Lloyd Blankfein's stock bonus for the first time since the financial crisis, the latest sign that Wall Street executives are paying for a year of mixed financial performance.

Greece Bailout Talks Bode Ill for Lisbon

Fri, 02/03/2012 - 23:29

As Greek debt-restructuring talks showed more signs of delay, the plodding negotiations have been bad news for Portugal's creditors, who fear they also may be force-fed tough terms.

Interest-Rate Probe Widens

Fri, 02/03/2012 - 23:22

Regulators in Switzerland and the U.K. stepped up pressure on Swiss and foreign banks, extending a probe into alleged manipulation of interest rates and disclosing possible action against UBS in a trading scandal.

Caterpillar Closes Plant in Canada After Lockout

Fri, 02/03/2012 - 23:16

Caterpillar said it will close a locomotive plant in London, Ontario, following a lockout, eliminating about 450 jobs that mostly paid twice the rate of a U.S. counterpart.

Citi Hit in Brazilian Hacker Attack

Fri, 02/03/2012 - 22:57

A computer hacker group continued a wave of attacks against Brazilian financial websites, hampering the sites of Citigroup and other prominent institutions.

FDA: No Ban on Orange-Juice Imports

Fri, 02/03/2012 - 20:57

Orange-juice futures settled lower as traders discounted the prospects for a ban on juice imports into the U.S. It appears they weren't off the mark.

Despite Intervention, Brazil's Currency Gains

Fri, 02/03/2012 - 20:55

Brazil's real climbed against the dollar after strong U.S. jobs figures outweighed the central bank's intervention in an attempt to weaken the currency.

With Role Lessened, Loan Chief Exits BofA

Fri, 02/03/2012 - 20:54

Barbara Desoer, a high-profile mortgage executive who once was a candidate to become chief executive of Bank of America, is leaving as the financial giant retreats from the home-loan business.

H-P to Put Proxy-Access Proposal to Vote

Fri, 02/03/2012 - 20:46

Hewlett-Packard agreed to give its stockholders the chance to approve so-called proxy access through a bylaw vote at its 2013 annual meeting.

Fed Likely to Retain Low-Rate Stance

Fri, 02/03/2012 - 20:29

A few more months of strong jobs reports like the one released Friday, and the Fed might need to draw up a new game plan. For now, though, Bernanke seems unlikely to rewrite his script for the central bank.

Micron CEO Dies in Crash

Fri, 02/03/2012 - 20:18

Steven R. Appleton, chairman and chief executive of Micron Technology died Friday when the high-performance airplane he was piloting crashed at Boise, Idaho's airport.

Injunction Interrupts Apple Sales in Germany

Fri, 02/03/2012 - 16:34

Some Apple devices were unavailable for sale briefly on Friday in Germany, as part of a patent tussle with Motorola Mobility.

Nasdaq Hits 11-Year High as Stocks Jump

Fri, 02/03/2012 - 16:22

Stocks rose after the U.S. economy added more jobs than expected last month, driving the Nasdaq Composite to an 11-year high and pushing the Dow within reach of its highest reading in almost four years.

Fed May Sell More AIG Bonds as Risk Hunger Picks Up

Fri, 02/03/2012 - 15:55

The New York Fed is asking for bids on some $6 billion in residential mortgage-backed securities from its Maiden Lane II portfolio it took on as part of the 2008 bailout of American International Group.

Clorox Posts Strong Sales for Quarter

Fri, 02/03/2012 - 14:38

Clorox said fiscal second-quarter sales rose more than expected with help from higher prices, overcoming concerns that tepid demand in North America would crimp sales for household staples.