Asia crawls higher after upbeat U.S. data, dollar stands tall

TOKYO - Asian stocks crawled higher on Friday as upbeat U.S. economic data helped revive some risk appetite lost following air strikes on Houthi militants in Yemen, while the dollar rebounded.

Recent Business News

Exclusive: Headhunter contacts Morgan Stanley's Fleming about CEO job at BNY Mellon

NEW YORK/BOSTON - At the prompting of at least one director of Bank of New York Mellon Corp, an executive recruiting firm has come up with a list of potential candidates to replace embattled CEO Gerald Hassell, two people familiar with the matter told Reuters.

7:12pm EDT

American Apparel ex-CEO Charney seeks $40 million damages: Bloomberg

- American Apparel Inc's founder and former Chief Executive Officer Dov Charney is seeking $40 million in damages after he was fired from the post, Bloomberg reported on Thursday.

8:29pm EDT

Google to pay CFO Porat more than $70 million in two years

- Google Inc said it would pay its new Chief Financial Officer, Ruth Porat, more than $70 million in the next two years through a combination of restricted stock units and a biennial grant.

Tech, Money 6:26pm EDT

LightSquared bankruptcy exit plan earns court approval

NEW YORK - Wireless venture LightSquared on Thursday concluded three years of litigation with creditors, securing U.S. Bankruptcy Court approval of a plan to end its Chapter 11 case and repay in full its largest creditor, Dish Network Corp Chairman Charles Ergen.

4:19pm EDT

Fed market gurus prep rate hike amid last-minute anxieties

NEW YORK - The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over short-term lending markets.

9:36pm EDT


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