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By Ryan Vlastelica NEW YORK (Reuters) - U.S. stock dropped on Friday as a possible debt default at a Dubai state-owned conglomerate sparked fears of renewed financial turmoil. All 30 Dow components and all 10 S&P sectors were in negative territory. Though the markets were down, they had ...Read More

By Leah Schnurr NEW YORK (Reuters) - Dubai, jobs data, Black Friday results and a chance for Congress to throw fireballs at Fed chief Ben Bernanke: The U.S. stock market’s path to glory is fraught with peril next week. If Dubai’s debt woes intensify and prompt a retreat ...Read More

NEW YORK (Reuters) - News Corp, Time Warner Inc and Qualia Capital LLC are interested in buying Hollywood’s Metro-Goldwyn-Mayer film studio, home of the James Bond movies, Bloomberg News reported on Friday. Citing people with knowledge of the situation, the report said the companies have not yet examined ...Read More

NEW YORK (Reuters) - Billionaire Warren Buffett said that while his businesses have bottomed after the worst financial crisis in decades, he saw few upticks and ruled out a buoyant holiday season. Consumer demand will recover and it is likely that the economy would come back in two ...Read More

NEW YORK (Reuters) - A broad rally for U.S. stocks sent the Dow industrials to a 13-month high on Monday after the Group of 20 pledged to keep aid flowing to the world economy, strengthening investors’ desire for risk. The Dow Jones industrial average gained 203.52 points, or ...Read More

By Edward Krudy NEW YORK (Reuters) - As unemployment in the United States edges above 10 percent, anxious investors will look to earnings reports from major retailers for signs of life in the beaten-up consumer. Comments from Wal-Mart Stores Inc ( WMT.N), the world’s largest retailer, as well ...Read More

By Megan Davies NEW YORK (Reuters) - Private equity firm Blackstone Group LP ( BX.N) posted a forecast-beating quarterly profit and said it is gearing up for more deals and IPOs as the lending and equity markets recover. The company, which has immense real estate and private equity ...Read More

By Angela Moon NEW YORK (Reuters) - Stocks jumped on Wednesday, with the Dow and S&P 500 up more than 1 percent, on positive data about the services sector and employment as investors awaited the Fed’s assessment of the economic recovery. Gains were broad-based, with the healthcare sector ...Read More

NEW YORK (Reuters) - Johnson & Johnson said on Tuesday it plans to cut 6 percent to 7 percent of its workforce in a battle to prop up profits in the face of generic competition to its prescription drugs. The company said the cuts will affect 7,000 to ...Read More

By Michael Erman and Bhaswati Mukhopadhyay NEW YORK/BANGALORE (Reuters) - Stanley Works struck a deal to buy rival Black & Decker Corp for $3.46 billion in stock, combining a top hand tool maker and power tool maker to benefit from higher margins and cost savings. The companies said ...Read More