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• Wall St rises as GE, earnings help sentiment (Reuters)
• Bank of America posts loss on mortgage problems (Reuters)
• Google shares rise as investors look past shuffle (Reuters)
• GE results portend stronger economy, shares rise (Reuters)
• Spain plans partial nationalization of savings banks (Reuters)
• A look at economic developments around the globe (AP)
• Chinese president to focus on business in Chicago (AP)
• BofA reports loss of $1.6 billion in 4Q (AP)
• British Airways, Iberia merger takes effect (AP)
• Give Your Kid Some Credit (The Motley Fool)
• WTO final Boeing subsidy ruling seen on January 31 (Reuters)
• British retail sales suffer slump due to snow (AFP)
• Bank of America posts heavy losses (AFP)
• Pipeline oil leak off Mumbai coast plugged: firm (AFP)
• Senators counter repeal vote with tax credit note (AP)
• New GM product chief to focus on speed, quality (AP)
• Tax Preparers Brace for a Shakeout (BusinessWeek)

Wall St rises as GE, earnings help sentiment (Reuters) Posted: 21 Jan 2011 08:42 AM PST Reuters - Stocks gained on Friday as General Electric Co's earnings bolstered views the recovery was gaining traction and helped set the market back on its up trend after two days of declines.

Bank of America posts loss on mortgage problems (Reuters) Posted: 21 Jan 2011 09:16 AM PST Reuters - Bank of America Corp, the largest U.S. bank, reported a second straight quarterly loss after writing down the value of its limping mortgage business.

Google shares rise as investors look past shuffle (Reuters) Posted: 21 Jan 2011 07:57 AM PST Reuters - Investors brushed aside concerns that a surprise shake-up at Google Inc putting co-founder Larry Page back in the top job would prove a distraction at a critical time and focused instead on the company's stellar results.

GE results portend stronger economy, shares rise (Reuters) Posted: 21 Jan 2011 08:42 AM PST Reuters - General Electric Co reported better-than-expected quarterly earnings, as strong emerging-market demand for industrial equipment brought its first rise in overall revenue since late 2008.

Spain plans partial nationalization of savings banks (Reuters) Posted: 21 Jan 2011 07:16 AM PST Reuters - Spain plans a partial state takeover of its weakest savings banks as it seeks to reassure investors a rescue will not weigh on its deficit.

A look at economic developments around the globe (AP) Posted: 20 Jan 2011 10:53 AM PST AP - A look at economic developments and activity in major stock markets around the world Thursday:

Chinese president to focus on business in Chicago (AP) Posted: 20 Jan 2011 02:33 PM PST AP - Mayor Richard Daley's long effort to build ties with the world's second-largest economy seemed to pay off Thursday as Chinese President Hu Jintao made his first visit to Chicago, his only stop outside Washington during this trip.

BofA reports loss of $1.6 billion in 4Q (AP) Posted: 21 Jan 2011 08:30 AM PST AP - Bank of America Corp. reported a loss of $1.6 billion Friday after its costs related to soured home loans increased.

British Airways, Iberia merger takes effect (AP) Posted: 21 Jan 2011 05:22 AM PST AP - The merger of British Airways and Spanish carrier Iberia took effect Friday, creating Europe's third-largest airline in a deal meant to counter a slump in air travel following the global financial crisis.

Give Your Kid Some Credit (The Motley Fool) Posted: 21 Jan 2011 06:44 AM PST The Motley Fool - My daughter turned 7 last weekend, and while she's still happily working her way through the Easy-Bake Oven, craft kits, and American Girl accessories, I'm already planning for her next birthday. Her big gift? A credit card.

WTO final Boeing subsidy ruling seen on January 31 (Reuters) Posted: 21 Jan 2011 07:17 AM PST Reuters - The World Trade Organization will issue a confidential final ruling on January 31 concerning European claims that Boeing benefited from unfair aircraft subsidies, sources familiar with the case said on Friday.

British retail sales suffer slump due to snow (AFP) Posted: 21 Jan 2011 03:59 AM PST AFP - Retail sales in Britain tumbled in December by a record amount, official data showed Friday, as shoppers avoided the high street and companies struggled to deliver online sales due to heavy snow.

Bank of America posts heavy losses (AFP) Posted: 21 Jan 2011 06:57 AM PST AFP - Bank of America, the biggest US bank, reported Friday a net loss of $1.2 billion for the fourth quarter, citing falling revenue and a hefty writedown on its home-loan business.

Pipeline oil leak off Mumbai coast plugged: firm (AFP) Posted: 21 Jan 2011 09:11 AM PST AFP - India's state-run Oil & Natural Gas Corp said Friday a "small" leak on one of its offshore pipelines had stopped, and it resumed production at oil wells shut earlier in the day as a safety precaution.

Senators counter repeal vote with tax credit note (AP) Posted: 21 Jan 2011 05:38 AM PST AP - Senate leaders are countering the effort to repeal the new health care law by calling attention to small businesses tax credits also contained in the legislation.

New GM product chief to focus on speed, quality (AP) Posted: 20 Jan 2011 05:52 PM PST AP - The new chief of product development at GM holds what is arguably the most important job in the company: coming up with cars and trucks that people want.

Tax Preparers Brace for a Shakeout (BusinessWeek) Posted: 21 Jan 2011 05:08 AM PST BusinessWeek - John Hewitt expects the fragmented tax-preparation industry he's worked in for four decades to undergo a wave of consolidation because of new government regulations. IRS rules that take effect this year require tax-return preparers to register with the government. Eventually the preparers must pass a competency exam and take continuing education courses.

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