NEWS: Business and Financial

Job growth stuns economists, sends Nasdaq to highest level since dot-com crash

San Jose Mercury: Business - 23 min 45 sec ago
In the most impressive surge for the job market since the middle of last decade, the United States added 243,000 jobs in January, far more than economists expected. The unemployment rate dropped to 8.3 percent, the lowest in three years.

HP gave CEO Meg Whitman pay package valued at $16 million

San Jose Mercury: Business - 35 min 57 sec ago
Hewlett-Packard gave new CEO Meg Whitman a package of stock options valued at more than $16 million last year, on top of her $1-a-year annual salary, according to regulatory documents filed Friday.

Mercury News interview: Thomas Waechter, president and CEO of JDS Uniphase

San Jose Mercury: Business - 40 min 52 sec ago
Analysts are especially enthusiastic about JDSU's role in the new but growing field of gesture recognition technology. While the company won't name customers, industry experts say JDSU supplies key motion-sensing components for Microsoft's popular Xbox Kinect systems.

NASDAQ surges to 11-year high

San Jose Mercury: Business - 44 min 53 sec ago
The NASDAQ climbed to its most lofty perch in 11 years on Friday, jumping 1.6 percent with the S&P 500 close behind with a 1.5 percent gain. The Dow, meanwhile, rose 1.2 percent for the day and closed at roughly 12,862, its highest level since 2008.

TV executives crave viewers who watch 2 screens

San Jose Mercury: Business - 47 min 5 sec ago
By some industry counts, as much as 30%
of Web-surfing is done while watching TV

Post-tsunami, Japanese techies flock to Silicon Valley for startups

San Jose Mercury: Business - 48 min 59 sec ago
For an emerging generation of Japanese innovators, the dream isn't a job for life at a big company. They have new ambitions, and they're determined to go places. Especially Silicon Valley.

Motorola: Some refurbished tablets weren't wiped

San Jose Mercury: Business - 1 hour 5 min ago
Motorola Mobility says about 100 Xoom tablet computers that it refurbished for sale on Woot.com may not have been properly wiped of the previous owners' data.

Clorox price increases propel higher profits and sales

San Jose Mercury: Business - 1 hour 5 min ago
Clorox said Friday that operating profits jumped and sales rose during its second fiscal quarter, bolstered by price increases for its household products and cost reductions.

FDA: No Ban on Orange-Juice Imports

Wall Street Journal: Financial - 1 hour 6 min ago
Orange-juice futures settled lower as traders discounted the prospects for a ban on juice imports into the U.S. It appears they weren't off the mark.

With Role Lessened, Loan Chief Exits BofA

Wall Street Journal: Financial - 1 hour 10 min ago
Barbara Desoer, a high-profile mortgage executive who once was a candidate to become chief executive of Bank of America, is leaving as the financial giant retreats from the home-loan business.

H-P to Put Proxy-Access Proposal to Vote

Wall Street Journal: Financial - 1 hour 17 min ago
Hewlett-Packard agreed to give its stockholders the chance to approve so-called proxy access through a bylaw vote at its 2013 annual meeting.

MTN Probes Bribery Claims

Wall Street Journal: Financial - 1 hour 25 min ago
Shares of South African mobile-phone operator MTN fell after the company said it is investigating claims by Turkey's largest mobile-phone operator that it engaged in corruption to secure a deal in Iran.

Upbeat Beam Sees Glass as Half-Full

Wall Street Journal: Financial - 1 hour 27 min ago
Spirits maker Beam, which posted better-than-expected earnings, expects established brands and new flavors to help it outperform the broader category's growth this year.

Interest-Rate Probe Widens

Wall Street Journal: Financial - 1 hour 45 min ago
Regulators in Switzerland and the U.K. stepped up pressure on Swiss and foreign banks, extending a probe into alleged manipulation of interest rates and disclosing possible action against UBS in a trading scandal.

Micron CEO Dies in Crash

Wall Street Journal: Financial - 1 hour 46 min ago
Steven R. Appleton, chairman and chief executive of Micron Technology died Friday when the high-performance airplane he was piloting crashed at Boise, Idaho's airport.

Caterpillar Closes Plant in Canada After Lockout

Wall Street Journal: Financial - 2 hours 5 min ago
Caterpillar said it will close a locomotive plant in London, Ontario, following a lockout, eliminating about 450 jobs that mostly paid twice the rate of a U.S. counterpart.

Goldman Cuts Blankfein's Bonus

Wall Street Journal: Financial - 2 hours 5 min ago
Goldman Sachs cut CEO Lloyd Blankfein's stock bonus for the first time since the financial crisis, the latest sign that Wall Street executives are paying for a year of mixed financial performance.

Jailed con artist describes role in Google case

San Jose Mercury: Business - 2 hours 7 min ago
When federal investigators decided to look into whether Google was letting rogue pharmacies from overseas target American consumers with advertising, they turned to a convicted con artist with experience pushing pills on the Internet.
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