| | | NEW YORK (Reuters) - Stocks advanced modestly on Friday, leaving the S&P 500 with slight gains in a volatile week as strong economic data overshadowed growth concerns in China and Europe and let investors discount the impact of expected government spending cuts. | | | | | | WASHINGTON (Reuters) - The U.S. government stumbled headlong on Friday toward wide-ranging spending cuts that threaten to hinder the economic recovery, after President Barack Obama and congressional leaders failed to find an alternative budget plan. | | | | | | | (Reuters) - Apple Inc lost a major ruling in its ongoing patent battle with Samsung Electronics on Friday, as a federal judge threw out part of a jury's $1.05 billion damages award against Samsung over a variety of phone products. | | | | | | | NEW YORK (Reuters) - J.C. Penney Co Inc chief Ron Johnson knew before doing a deal with Martha Stewart that it would create a conflict with rival Macy's Inc , which already had a relationship with her. | | | | | | | WASHINGTON (Reuters) - Consumer spending was tepid in January as higher taxes squeezed incomes, but vigor in the manufacturing sector last month suggested economic growth picked up early this quarter. | | | | | | | NEW YORK (Reuters) - Ernst & Young agreed on Friday to pay $123 million to resolve a federal investigation into its role developing and marketing tax shelters that helped its clients avoid more than $2 billion in tax liabilities, the U.S. government said. | | | | | | | NEW YORK (Reuters) - Prospects of Best Buy Co going private ended on Friday when the retailer's founder failed to strike a buyout deal with management, leaving the fate of the world's largest consumer electronics chain in the hands of CEO Hubert Joly and his turnaround plan. | | | | | | | (Reuters) - BlackRock Inc , the world's largest money manager, switched oversight on two of its energy-oriented stock funds, which have been struggling since one co-manager, Daniel Rice, left amid controversy last year. | | | | | | DETROIT (Reuters) - Auto sales rose nearly 4 percent in February, delivering a better-than-expected performance as strength in the housing market tempered worries over the wave of federal spending cuts due to begin on Friday. | | | | | | NEW YORK (Reuters) - The Federal Reserve Bank of New York this week made public its crisis-era settlement with Bank of America in order to bolster its case against American International Group Inc over mortgage-securities claims. | | | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today | | | | | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | | | | | » MORE NEWSLETTERS | |
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