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Yahoo! News: Business News
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Business News
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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.
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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.
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Analysis: Stock-picking makes a comeback as macro tides fade
(Reuters)
Reuters - Stock-picking once again matters on Wall Street.
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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.
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Wall Street analysts struggle to predict Apple
(Reuters)
Reuters - Leitao is part of a cadre of amateur forecasters, bloggers and hobbyists who sift through reams of data every quarter to guess at Apple's quarterly results - often putting professional analysts to shame by coming up with more accurate predictions.
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A list of notable IPOs on the Nasdaq and NYSE
(AP)
AP - Some recent high-profile stock offerings on the New York Stock Exchange and Nasdaq:
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U.S. Companies 'Yammer' for a Productivity Revolution
(ContributorNetwork)
ContributorNetwork - SAN FRANCISCO -- In a pleasant surprise, the Department of Labor has reported an another increase in total nonfarm employment. The U.S. added 243,000 jobs in January, ticking the unemployment rate to 8.3 percent.
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Aon Q4 profit rises, but margin pressures persist
(Reuters)
Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.
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Report: Monti says Italy a "safe place"
(AP)
 AP - Italy is now a "safe place" amid market turbulence, Premier Mario Monti said in an interview published Saturday, pressing for Europe to turn its political energy to generating growth rather than further plans to strengthen budget discipline.
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NY's Schneiderman sues banks in foreclosure effort
(AP)
AP - New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures.
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