Wall St. opens higher on surprise BOJ stimulus

NEW YORK - U.S. stocks rose at the open on Friday as markets rallied globally after the Bank of Japan significantly ramped up its stimulus program just days after the Federal Reserve wound down its own package of U.S. economic incentives.

Recent Business News

Argentina default spreads to Par bonds, raising acceleration risk

BUENOS AIRES/NEW YORK - Argentina's debt default spread to its Par bonds on Friday after the country failed to complete an interest payment, raising the risk that creditors could demand that its cash-strapped government immediately repay all of its debt.

8:23am EDT

Italy says private capital will meet Monte Paschi, Carige needs

ROME - Banca Monte dei Paschi di Siena and Carige will make up the capital shortfalls revealed in the ECB stress tests through private sector financing, Italian Economy Minister Pier Carlo Padoan said on Friday.

7:27am EDT

Trial of former UBS executive dredges up Swiss banks' shady past

By Francisco Alvarado, Zachary Fagenson and Joshua Franklin

Exxon third-quarter profit rises 3 percent on refining

- Exxon Mobil Corp , the world's largest publicly traded oil company, on Friday reported a better-than-expected 3 percent increase in quarterly profit on higher results in its refining and chemicals businesses.

8:55am EDT

Chevron profit jumps as refining offsets production dip

- Chevron Corp posted a higher-than-expected quarterly profit on Friday as lower crude prices boosted its refinery operations, helping to offset sagging oil and gas production.

9:11am EDT


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