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Financial News

NEW YORK (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.

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WASHINGTON (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.

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NEW YORK (Reuters) - Stock-picking once again matters on Wall Street.

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NEW YORK (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.

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SAN FRANCISCO (Reuters) - By day, Robert Leitao manages a Catholic church in Southern California. By night, he indulges his other passion: predicting Apple Inc's results.

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WASHINGTON (Reuters) - New orders for U.S. factory-made products posted a second straight monthly rise in December and business capital spending also picked up, a government report on Friday showed.

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(Reuters) - Nasdaq OMX Group Inc's core profit topped analysts' expectations for the fourth quarter, boosted by a rise in revenue from market data and technology, which helped offset a soft trading environment.

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HOUSTON (Reuters) - Texas financier Allen Stanford drew on a secret Swiss bank account for personal expenses such as yacht maintenance and to pay bribes, the government's top witness said at Stanford's fraud trial on Friday.

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World News

As U.N. officials debate measures against the violence in Syria, individuals there are living it. Many protest in nightly rituals -- small, exhilarating stands for freedom.
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Egyptians clashed with police, leaving two dead in the city of Suez and at least 900 injured near the Interior Ministry headquarters in Cairo, officials said Friday.
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Two American tourists have been kidnapped in the southern part of Egypt's Sinai Peninsula, a security official said Friday.
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The supreme leader of Iran issued a blunt warning Friday that war would be detrimental to the United States.
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Gay rights advocates in South Africa hailed a judge's sentencing of four men to 18 years each in prison for brutally slaying a 19-year-old lesbian.
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The loose organization of hackers known as Anonymous released a recording Friday of a telephone call between the FBI and Scotland Yard that it claims to have recorded surreptitiously.
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Some 246 survivors have been rescued in the aftermath the sinking of a passenger ferry off the east coast of Papua New Guinea, authorities said Friday.
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The United States accused Sudan of targeting civilians in recent airstrikes, including one that destroyed a Bible school in South Kordofan, an oil-rich Sudanese province that borders the newly-created independent country of South Sudan.
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Banking News

Chinese President Hu Jintao and visiting German Chancellor Angela Merkel Friday discussed ways to boost bilateral cooperation....
Itanagar, Feb 3: Arunachal Pradesh PWD, Finance and Planning Minister Chowna Mein has once again requested Defence Minister AK Antony to expedite the ambitious Trans-Arunachal Highway (TAH), particula ...
Japan's Panasonic said in its financial results Friday that it expected to see its worst-ever net loss of 780 billion yen (about $10.23 billion) for the current fiscal year (from April 2011 to March 2 ...
Prime Minister Dr. Manmohan Singh on Friday said that India's economy is expected to grow by 7 to 7.5 per cent in the current fiscal year ending March....
Stating that tax collection had increased, Pakistan Finance Minister Hafeez Shaikh says that Rs.972 billion had been collected as taxes in the past seven months....
The government has outlined a programme aimed at shoring up Spain's ailing financial sector....
The growth of government debt relative to US gross domestic product is "clearly unsustainable", Federal Reserve Chairman Ben Bernanke said here Thursday in congressional testimony....
Desoer has worked for Bank of America since 1977 and was most recently charged with the thankless task of "integration of the Home Loans business into Consumer Banking" in the wake of ... ...
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