U.S. economic growth slows in fourth quarter; corporate profits fall

WASHINGTON - U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending.

Recent Business News

Neither Grexit, nor Grexident. Euro and 'drachma' in parallel?

BRUSSELS - Greece is unlikely to exit the euro, either intentionally or accidentally. But it might be forced to introduce an alternative means of payment, in parallel to the euro, to pay some domestic bills if a reform-for-cash deal with its creditors is not secured soon, several euro zone officials said.

11:25am EDT

Ford CEO Fields received $18.6 million in 2014 compensation

DETROIT - Ford Motor Co Chief Executive Officer Mark Fields made $18.6 million in salary and other compensation last year, below the $23.2 million that predecessor Alan Mulally received in 2013, the company said on Friday.

10:00am EDT

Goldman climbs to top commodity bank ranking over JP Morgan

LONDON - Goldman Sachs became the top commodities bank last year, overtaking rival JP Morgan, a consultancy said on Friday.

9:51am EDT

Central banks call for lower capital requirements on top-quality pooled debt

LONDON - Bonds based on high-quality loans should benefit from lower capital requirements to kick-start the market in Europe, the Bank of England and European Central Bank (ECB) said on Friday.

9:15am EDT

Brazilian police arrest another executive in Petrobras probe

SAO PAULO - Brazilian police on Friday arrested the CEO of Grupo Galv√£o, the latest executive arrested in a corruption probe focused on state-run oil firm Petroleo Brasileiro SA .

1:07pm EDT


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