Fed outlook and Greece worries hit stocks, dollar up

LONDON - Stocks fell in Europe and Asia and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signaled it was on track to raise interest rates this year.

Recent Business News

Facebook tops Wall Street revenue target in fourth quarter

SAN FRANCISCO - Facebook Inc's revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world's largest Internet social network beat Wall Street's targets for earnings and sales.

Facebook, Tech 28 Jan 2015

U.S. Air Force awards $383 million launch deal to Boeing, Lockheed venture

WASHINGTON - The U.S. Air Force on Wednesday awarded a $383 million contract for more launch services to United Launch Alliance, a joint venture of Boeing Co and Lockheed Martin Corp , bringing the total value of the contract to $4.08 billion.

Qualcomm says key customer passed on new chip, stock drops

SAN FRANCISCO - Qualcomm Inc reduced its outlook for fiscal 2015, saying it expects its newest Snapdragon mobile chip will not be used in a major customer's flagship smartphone, sending its shares lower.

28 Jan 2015

Oil holds above $48 a barrel after U.S. stocks hit record high

LONDON - Brent crude oil futures held above $48 a barrel on Thursday as investor inflows offset data showing that U.S. crude stocks had hit a record high.

6:52am EST

Samsung Elec's smartphone primacy under threat from Apple after weak Q4

SEOUL - Samsung Electronics Co Ltd is closer to losing its crown as global smartphone leader after posting a plunge in quarterly mobile earnings on Thursday, a day after rival Apple Inc reported the biggest profit in corporate history. | Video

3:05am EST


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