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U.s. Reaches Trade Deal With 11 Pacific Nations
The Trans-Pacific Partnership, which aims to lower trade barriers, was reached after bitter fights over the automotive industry, intellectual property rights and dairy products.
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Investor100   Friday, 02/24/12 08:40:35 AM
Re: Investor100 post# 52030
Post # of 90738 
Future Link & Business News

Jobless claims unchanged at four-year low
New claims for unemployment benefits were unchanged in the latest week, foiling expectations that they would rise and providing further evidence that the job market was slowly healing.

JC Penney Earnings Top Estimates Even as Sales Fall

JC Penny posted quarterly earnings that beat Wall Street's estimates, sending its shares higher in premarket trading.

Citi Sells Stake in India's HDFC Bank for $1.9 Billion
Citigroup sold its stake in India's Housing Development Finance for $1.9 billion, as global banks focus on shoring up their balance sheets to meet stricter capital requirements.

Lloyds Makes $5.5 Billion Loss, Gives Gloomy Outlook
Lloyds Banking Group, the state-backed UK bank, said Friday that it made a 3.5 billion pound ($5.5 billion) pre-tax loss in 2011, down from a profit of 281 million pounds in 2010, and warned that its outlook remained “challenging.”

Long-term investments in Facebook could be a bad bet, experts warn

Investors, social media watchers and Facebook users may be looking forward to the social network’s expected public stock offering later this year, but corporate governance experts aren’t quite so enthusiastic.

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