Wall St. little changed as Microsoft offsets Amazon

NEW YORK - U.S. stocks were little changed on Friday, as disappointing earnings from Amazon were offset by gains in Microsoft after its quarterly results.

Recent Business News

Chesapeake Oilfield Services pulls IPO plans

- Chesapeake Oilfield Services, a unit of Chesapeake Energy Corp , said on Friday it would withdraw its plans for an initial public offering.

11:04am EDT

P&G to exit Duracell battery business

- Procter & Gamble Co said it would exit its Duracell battery business, likely through a splitoff into a separate company, as it looks to focus on faster-growing brands.

8:10am EDT

ECB's Draghi tells euro zone more needed to avoid another crisis

BRUSSELS - France and Italy renewed their commitment to reform their economies on Friday in the hope of winning more time to bring their public finances in order but the ECB's president warned more needed to be done to avoid "a relapse into recession".

Euro Zone, France, Italy 10:58am EDT

Pfizer's $11 billion buyback plan deflates AstraZeneca bid hopes

LONDON/NEW YORK - U.S. drugmaker Pfizer is to continue buying back stock, with the board authorizing a new $11 billion share repurchase plan, deflating expectations that it will make a new bid for AstraZeneca.

4:11am EDT

Rebekah Brooks in New York 'explores' job opportunities

- Rebekah Brooks, the former head of News Corp's British newspaper division who was at the center of a phone hacking scandal, is visiting New York this week, exploring possible jobs, a company spokesman said on Friday.

10:39am EDT


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