US Market Ended With Modest Gain
U.S. Markets ended with modest gain on Friday although initially jumped on the employment report, but lost most of the gains as dollar strengthened.Dow Jones Industrial Average up as much as 150 points higher.The 30-stock Dow Jones industrial average ended higher 0.22 percent,up 22.75 points to 10388.89. The broad Standard & Poor's 500 index was up 6.06 points, up 0.55 percent, to 1105.98.Nasdaq composite index up 21.21....More

US Unemployment Rate Improves In November
Unemployment rate for November fell unexpectedly 10 percent and the economy lost only 11,000 jobs,the fewest since the recession started in December 2007.Unemployment data showed that the rate fell from 10.2 percent in October to 10 percent in November. US stock market initially jumped on the employment report, but lost most of the gains as dollar strengthened....More

Colonial BancGroup becomes biggest bank failure of 2009
As most of the major banks seem to be on the path of recovery, but the bad news is still not stopping. The trouble still lurks in the financial industry which remains plagued by a legacy of bad investments. On Friday, Colonial BancGroup, a large lender was seized by federal regulators, making it the largest bank....More

Cognizant Technology does it again
Cognizant Technology Solutions Corp wrapped up what has been a strong quarter for IT firms, with better-than-expected results and a strong outlook as businesses look to its services to cut costs. Shares of the New Jersey-based company rose as much as 10 percent to a year-high of $33.70 in morning trade....More

Senate to vote on "Cash for Clunker"
Senate Republicans said they would allow a vote on the so-called "Cash for Clunkers" program, likely clearing a way for the popular program to get $2 billion in additional funding. Without Republicans putting up any procedural blocks in the Senate, the program is likely to approve....More

SEC to Ban Flash Trades of U.S. Stocks
SEC Chairwoman Mary Schapiro indicated in a statement that the agency is considering a measure that would ban flash trading, however such a move would need to be approved by the agency's five-person commission....More

Pepsi to Buy Bottlers With $7.8 Billion
PepsiCo Inc. said Tuesday it has made a deal to buy its two largest bottlers, Pepsi Bottling Group Inc. and PepsiAmericas Inc., for a total of $7.8 billion in cash and stock. The acquisition is expected to save the combined entity about $300 million by 2012 as supply chains are integrated, along with other....More