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Updated: 30 min 9 sec ago
Adjusted pretax corporate profits fell at a 1.4% annual rate in the fourth quarter and company earnings posted the first decline in 2014 since the middle of the Great Recession, government figures show.
The U.S. economy grew 2.2% in the final three months of 2014, unchanged from the government's prior estimate and less than half the 5% pace in the third quarter.
U.S. economic growth cooled in the fourth quarter as expected, though robust consumer spending helped limit the slowdown in the pace of activity.
Oil prices in the U.S. broke a two-day run higher as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen.
Dow Chemical is breaking off a significant part of its chlorine operations in a deal with Olin Corp. valued at $5 billion.
Germanwings co-pilot Andreas Lubitz had a doctor's note excusing him from work on the day he crashed a plane in the French Alps, but tore it up, AP reported Friday, citing prosecutors.
Royal Bank of Scotland Group PLC (RBS.LN) said Friday it is selling its internationally managed private banking and wealth-management business to Union Bancaire Privée UBP SA, for a price to be based on their assets under management on closing.
Dow Chemical said Friday it will separate a large part of its chlorine business and merge it with Olin Corporation in a deal giving Dow control of Olin, and a transaction valued at $5 billion.
Finish Line Inc.'s stock ran up 7.4% in premarket trade Friday, putting them on course to open at a new high for this year, after the athletic shoe retailer beat fiscal fourth-quarter profit and sales expectations.
Wall Street was set for a fifth-straight day of declines as equity futures held losses steady following a unrevised final reading on fourth-quarter U.S. GDP, and ahead of the latest consumer-spending picture.
Shares of Dow Chemical Co.
BlackBerry Ltd. said it swung to a fiscal fourth-quarter net profit of $28 million, or 5 cents a share, from a loss of $423 million, or 80 cents a share, in the same period a year ago.
A representative from the Greek Ministry of Finance on Friday rebuffed rumors that the country's finance minister Yanis Varoufakis is resigning.
Federal Reserve Vice Chairman Stanley Fischer on Friday suggested that hedge funds deserve greater scrutiny from federal regulators.
Asian shares were lackluster Friday as the conflict in Yemen ripped through the Middle East and Japanese data showed the world's No.
Hong Kong stocks extended their losses Friday morning, as oil shares were mostly weaker amid concerns about earnings despite recent gains for crude futures.
Here are the latest trading levels for Asia's major stock markets: Tokyo (Nikkei Average ) up 0.4% ; Hong Kong (Hang Seng Index ) down 0.1% ; Shanghai (Shanghai Composite Index ) down 0.3% ; Sydney (S&P/ASX 200 ) up 0.5% ; Seoul (Kospi ) up 0.1% ; Taipei (Taiex ) down 0.4% Copyright © 2015 MarketWatch, Inc.
Japanese stocks sat weaker in early Friday moves, but the losses were driven in large part by the long list of blue-chip shares trading without rights to their latest divdends.
Executives at Lumber Liquidators (NYSE:LL), the controversial discount floor retailer, are telling investors they are feeling so emboldened by a recent regulatory announcement they may sue the news program “60 Minutes” over its reporting that raised issues about the safety of the company’s products, the FOX Business Network has learned.
Australian stocks headed modestly higher Friday, swinging from a negative open on the back of mild losses overnight in the U.S. The S&P/ASX 200 was quoted 0.3% higher about 40 minutes into trade, with energy shares leading the gains after oil futures extended their sharp advance a day after Saudi Arabia and its allies intervened in the Yemeni civil war.