NEW YORK (Reuters) - Stocks tumbled for a fourth day on Friday to close out the worst week for the S&P 500 in five years on worry that a White House effort to boost the economy may not prevent a recession.
NEW YORK (Reuters) - Sprint Nextel Corp reported deeper than expected subscriber losses on Friday and said it would cut about 4,000 jobs, raising fears of a slowdown in the U.S. wireless industry, and its stock dropped nearly 25 percent.
SAN FRANCISCO (Reuters) - Social network software maker Slide Inc said on Friday it had closed a $50 million institutional financing round, marking the rising valuations of start-ups riding fast-growing Facebook's wave of popularity.
SHANGHAI/LONDON (Reuters) - Britain will back a plan to convert its lending to Northern Rock into bonds, a source familiar with the matter said, potentially tying itself to the bank for years but avoiding full-scale nationalization.
WASHINGTON (Reuters) - Health-care products maker Johnson & Johnson won U.S. approval to sell a new HIV drug called Intelence for patients with resistance to other therapies, U.S. officials said on Friday.
BERLIN (Reuters) - Oil at more than $90 a barrel is concentrating minds in the shipping industry. Higher fuel costs and mounting pressure to curb emissions are leading modern merchant fleets to rediscover the ancient power of the sail.
NEW YORK (Reuters) - A heavy gloom hanging over Wall Street may deepen next week unless such bellwether companies as Apple and United Technologies provide investors with hope that the U.S. economy can avert recession.
RIYADH (Reuters) - Saudi Basic Industries Corp. (SABIC) missed fourth-quarter earnings forecasts on Saturday and said the U.S. mortgage crisis had hurt demand for chemicals, ending a run of record profits that began in 2006.
RIYADH (Reuters) - U.S. Energy Secretary Sam Bodman said on Saturday that Saudi Arabia should raise output to ease tightness in world oil supplies and that OPEC should up output at its February 1 meeting.
CHICAGO (Reuters) - U.S. consumers' mood unexpectedly brightened a bit in January but failed to silence the drumbeat of talk about a possible economic downturn.
