Hot finance topics

A third round of large-scale asset purchases by the Federal Reserve is not needed and would compound the difficulties of tightening monetary policy when the time finally comes, a top Fed official said on Thursday.
“Personally I don’t see how you can justify it given the state of the current economy,” Dallas Federal Reserve President […]

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Billionaire Warren Buffett donated stock in his company worth $41.6 million to eight unnamed charities during the second half of 2011.
Buffett revealed the donations Wednesday in a year-end update on his Berkshire Hathaway Inc. stock holdings.
Buffett gave away 521,292 Class B shares of Berkshire stock between July and the end of December. These gifts are […]

Payday loans can be risky because of the chance of identity theft. It is important to make sure that payday loan lenders are legitimate.

Microsoft and IBM drove the Dow Jones industrial average up after the tech giants reported stronger earnings than analysts had expected.
The Dow rose 97 points Friday to close at 12,720. That’s a gain of 0.8 percent.
The S&P 500 index inched up 1 point to 1,315.
An earnings miss by Google caused its stock to plunge 8 […]

Of the 1,600 job cuts announced earlier this month by Morgan Stanley, 580 will be at its home base in New York.
The relentless tug of the dismal economy is hitting employees in the banking sector hard, and it’s no surprise that many of the job cuts are hitting the epicenter of the financial industry. Citigroup, […]

The United States will hold talks with North Korea in Beijing Thursday on the possibility of providing food aid to the impoverished country, the State Department said.
The Obama administration has been deliberating on the issue for months. The United Nations and U.S. charities say aid is badly needed, but it remains a controversial issue. North […]

Four people have been arrested in the Philippines for allegedly hacking into AT&T’s phone systems as part of a plan to funnel money to a Saudi-based terror group, according to police.
The Philippine Criminal Investigation and Detection Group said it worked with the U.S. Federal Bureau of Investigation to arrest the suspects late Thursday. The hackers, […]

CALGARY

Stocks rose sharply in early trading Wednesday, a day after renewed worries over Europe’s debt crisis roiled markets around the world. Strong corporate earnings and a better employment report helped turn markets around.
The Dow Jones industrial average jumped 209 points, or 1.8 percent, to 11,867 as of 11 a.m. Eastern. The Dow lost 573 points […]

SEOUL

LM Ericsson AB will sell its 50 percent stake in mobile phone maker Sony Ericsson to Sony Corp. for euro1.05 billion ($1.46 billion) in cash, the Swedish wireless equipment firm said Thursday.
Ericsson said Sony Ericsson will become a wholly owned subsidiary of Sony and integrated into Sony’s broad platform of network-connected consumer electronics products.
The transaction […]