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Stocks pull out of slump but end week lower
A battered stock market recovered from a sharp drop in late trading Friday but still posted its fourth straight weekly drop. The Dow Jones industrials, down nearly 170 points in afternoon trading, clawed their way back to finish with a gain of 10. But more stocks fell than rose on the New York Stock Exchange
Goldman CEO Blankfein gets $9M stock bonus for 09
Goldman Sachs Group Inc. CEO Lloyd Blankfein is getting a $9 million stock bonus for 2009, a modest payday by Wall Street standards that appears aimed at quelling criticism of the bank’s compensation practices. Blankfein will receive more than 58,000 shares of restricted stock that can’t be cashed in for five years, the bank said
AP source: Christmas bomb suspect flips on cleric
A law enforcement official says the Nigerian suspect in the failed Christmas Day airliner attack has given up intelligence about a radical Muslim cleric hiding in Yemen. Umar Farouk Abdulmutallab (OO’-mahr fah-ROOK’ ahb-DOOL’-moo-TAH’-lahb) has been cooperating with the FBI. He has provided information about Anwar al-Awlaki, a U.S.-born cleric who has emerged as a prominent
Obama says unemployment drop “cause for hope”
President Barack Obama says an unexpected drop in the unemployment rate is cause for hope but not celebration. Speaking Friday at a small business in a Washington suburb, Obama took care not to trumpet the gains outlined in the new government report too loudly. He said the data shows modest progress toward “climbing out of
We’re right to contest Ferdinand ban: Ferguson
Manchester United manager Sir Alex Ferguson has justified the club’s decision to appeal against Rio Ferdinand’s four-match ban by highlighting what he believes to be inconsistency within the disciplinary system. Ferdinand originally saw a three-match ban for lashing out at Hull City’s Craig Fagan extended to four games last week because he appealed the decision
AP Goodell hopes union is wrong about lockout chances
The way Roger Goodell sees it, more is better when it comes to NFL games. The commissioner likes overtime, and doesn’t favor changing the rules. He’s pushing to add a game or two to the schedule. He wants more games overseas and in Mexico. And the notion of less football? Goodell does’t like that at
Facebook removes Microsoft banner ads from site
Facebook is taking full control of display ads on the world’s No. 1 social networking website, cutting short an exclusive deal that had allowed Microsoft Corp to manage part of that business. However, Microsoft — the exclusive provider of Web search on Facebook — will continue to sell text-based search ads on the website as
Earnings Preview: Electronic Arts
Video game publisher Electronic Arts Inc. reports its fiscal third-quarter results after the stock market closes Monday, the day after running its first-ever Super Bowl advertisement. WHAT TO WATCH FOR: EA, known for games such as “The Sims” and the popular “Madden” football series, gave a forecast below expectations in January amid lower-than-expected game sales.
Mozilla yanks infected add-ons, warns users
Mozilla on Friday pulled two programs from its Firefox browser add-on site for containing malware. Sothink Web Video Downloader 4.0 and all versions of Master Filer were found to contain Trojan horse code aimed at Windows users. In a blog post, Mozilla stated that the Master Filer add-on was able to bypass AMO’s security tests.
Nigeria sack Amodu, draw up Hiddink-led shortlist
Nigeria football bosses on Friday announced the sacking of coach Shuaibu Amodu, publishing a short-list of coaches they hope will lead the ‘Super Eagles’ through the 2010 World Cup in South Africa. Amodu had been under pressure even before Nigeria’s third place finish at the Africa Cup of Nations, which ended with Egypt’s third consecutive
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