Stocks saw some volatility during trading on Friday but largely maintained a negative bias before ending the session firmly in the red. The losses on the day offset the strong upward move that was seen in the previous session.
President Barack Obama announced Friday that he will include a "Precision Medicine Initiative" in the budget proposal he plans to send to Congress on Monday. Obama will request $215 million for the initiative, which the White House described as a bold new research effort to revolutionize how we improve health and treat disease.
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years.
Gold futures surged to end higher on Friday, rebounding from a sharp decline yesterday, with investors seeking the safe haven of the precious metal after some disappointing economic activity data from the U.S. with gross domestic product growth for the fourth quarter rising less than expected.
The Federal Communications Commission has raised its benchmark for broadband speeds to 25 megabits per second for downloads and 3 megabits per second for uploads, to reflect consumer demand, market offering by service providers and advances in technology.
This marks a quantum jump from the previous...
Former Massachusetts Governor Mitt Romney revealed Friday that he has decided against a third run for the White House in 2016. Romney, the unsuccessful Republican presidential nominee in 2012, said it was time to give other Republicans a chance.
Australian researchers claims to have found a possible breakthrough cure for peanut allergies.
Researchers from Murdoch Children's Research Institute have successfully trialled a treatment for peanut allergies that could potentially provide a long term cure for allergic patients.
In a small study...
With renewed concerns about the economy weighing on the markets, stocks have moved mostly lower over the course of the trading day on Friday. The losses on the day have partly offset the strong upward move seen in the previous session.
Project Panther Bidco Ltd., a company owned by popular American rapper Jay-Z, has agreed to buy Scandinavian music streaming company, Aspiro, for about $56 million.
Project Panther has agreed to buy Swedish company Aspiro for 464 million Swedish crowns or $56 million in cash. Aspiro's board has "unanimously...
Jami Laes, head of game development for Angry Birds-creator Rovio Entertainment Ltd., has left the Finnish games company, according media reports.
Laes, who joined the company in April 2013, quit Rovio recently to launch a new start-up, a Reuters report said.
David Byrne, SVP and Chief Operating...
Jones New York, the women's clothing company owned by Sycamore Partners, said it would close 127 retail stores, discontinue the wholesale business and consider strategic alternatives for its brand.
Gap Inc. (GPS) has fired its Creative Director Rebekka Bay, reflecting continued weak sales at its namesake brand. The apparel retailer said Bay would not be replaced as the position of creative director has been eliminated.
The company appointed Scott Key as Senior Vice President and General Manager...
While the University of Michigan released a report on Friday showing a modest downward revision to its reading on U.S. consumer sentiment in the month of January, the index remained at an eleven-year high.
Stocks have moved mostly lower in early trading on Friday, giving back some ground after ending the previous session sharply higher. The major averages have slid firmly into negative territory but remain off their recent lows.
Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.