Business News
Nasdaq vaults to 11-year high on surge in jobs
(Reuters)
Reuters - A surge in hiring in the world's largest economy last month drove the Nasdaq to an 11-year high on Friday as optimism grew that the labor market is on a steady path to recovery.
Jobless rate at 3-year low as payrolls surge
(Reuters)
Reuters - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
Hungary seeks 15-20 billion euro IMF/EU credit line: official
(Reuters)
Reuters - Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying.
Analysis: Stock-picking makes a comeback as macro tides fade
(Reuters)
Reuters - Stock-picking once again matters on Wall Street.
New York sues banks over electronic mortgage system
(Reuters)
Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
Stocks trade mixed to open busy earnings week
Stocks gave up early gains and turned narrowly mixed at the start of a busy week of earnings. The Dow reached a new trading high for the year, edging closer to 10,000.
Economists: The Great Recession is over, but ...
The nation’s top business economists have declared "the Great Recession of 2008-09 is over.” But they aren’t exactly popping champagne corks about what they see coming next.
Two Americans win Nobel economics prize
Elinor Ostrom became the first woman to win a Nobel Prize in economics, honored along with fellow American Oliver Williamson on Monday for analyzing economic governance .
Job data: Stimulus aided teachers, laborers
Public school teachers are expected to be the big winners when states reveal for the first time how many jobs were created or saved during the first months of the $787 billion stimulus plan.