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• Wall Street rally fading as Egypt concerns mount (Reuters)
• Economic data points to strong growth momentum (Reuters)
• Retailers beat estimates and snow in January (Reuters)
• MasterCard profit rises on spending, but fee caps loom (Reuters)
• BJ's says may put itself up for sale, shares jump (Reuters)
• Dow closes above 12,000, first time in 2 1/2 years (AP)
• (AP)
• Growing card use lifts MasterCard 4Q profit 41 pct (AP)
• UK foreign aid money helped fund pope's visit (AP)
• Rate on 30-year fixed mortgage rises to 4.81 pct. (AP)
• Stores expected to report disappointing January (AP)
• Sharp 9-month operating profit nearly triples, outlook kept (Reuters)
• Natural gas prices fall 2 pct (AP)
• Obama to promote energy ideas at Penn State (AP)
• Ford recalling F-150 pickups to fix door handles (AP)
• The Youth Unemployment Bomb (BusinessWeek)

Wall Street rally fading as Egypt concerns mount (Reuters) Posted: 03 Feb 2011 08:38 AM PST Reuters - Wall Street tumbled on Thursday as concerns over increasing disorder in Egypt and signs of exhaustion in the recent market rally weighed on investor sentiment.

Economic data points to strong growth momentum (Reuters) Posted: 03 Feb 2011 08:18 AM PST Reuters - Growth in the U.S. services sector in January was the fastest in more than five years, another sign the economy started the new year on a solid footing, with measures of employment showing some strength.

Retailers beat estimates and snow in January (Reuters) Posted: 03 Feb 2011 08:46 AM PST Reuters - Major U.S. retailers shrugged off the snowiest January in six years to post sales that blew past analysts' estimates, easing concerns that consumers were all spent out after the holidays.

MasterCard profit rises on spending, but fee caps loom (Reuters) Posted: 03 Feb 2011 08:58 AM PST Reuters - MasterCard Inc's fourth-quarter profit rose more than expected, as consumers around the world spent more money using credit and debit cards.

BJ's says may put itself up for sale, shares jump (Reuters) Posted: 03 Feb 2011 07:00 AM PST Reuters - BJ's Wholesale Club Inc may put itself up for sale, under pressure from a private equity firm that may make a hostile bid, and its shares jumped more than 13 percent.

Dow closes above 12,000, first time in 2 1/2 years (AP) Posted: 01 Feb 2011 03:20 PM PST AP - The Dow does it: The stock market's best-known index soared to its first close above 12,000 since June 2008, extending the market's recovery from the recession and financial crisis.

(AP) Posted: 03 Feb 2011 07:02 AM PST AP - Factory orders post fifth gain in past six months in December, helped by investment demand.

Growing card use lifts MasterCard 4Q profit 41 pct (AP) Posted: 03 Feb 2011 09:16 AM PST AP - A rebound in consumer, both in the U.S. and around the world, helped lift MasterCard's fourth-quarter profit by 41 percent, the company said Thursday.

UK foreign aid money helped fund pope's visit (AP) Posted: 03 Feb 2011 02:55 AM PST AP - British lawmakers demanded an explanation Thursday into why 1.85 million pounds ($2.99 million) of foreign aid money helped pay for the pope's visit to the U.K last year.

Rate on 30-year fixed mortgage rises to 4.81 pct. (AP) Posted: 03 Feb 2011 08:02 AM PST AP - The average rate on the 30-year fixed mortgage edged up this week as bond yields increased.

Stores expected to report disappointing January (AP) Posted: 02 Feb 2011 01:11 PM PST AP - January, always a slow time of year for retailers, was likely even quieter than usual.

Sharp 9-month operating profit nearly triples, outlook kept (Reuters) Posted: 02 Feb 2011 10:10 PM PST Reuters - Japan's Sharp Corp posted a near tripling in nine-month operating profit on a jump in television sales ahead of the reduction of government subsidies in its home market, and kept its annual outlook unchanged.

Natural gas prices fall 2 pct (AP) Posted: 03 Feb 2011 09:03 AM PST AP - Natural gas prices fell 2 percent Thursday after the government reported that U.S. supplies shrank, as analysts expected, and are within the five-year average for this time of year.

Obama to promote energy ideas at Penn State (AP) Posted: 03 Feb 2011 07:11 AM PST AP - Promoting an overshadowed domestic agenda, President Barack Obama on Thursday will propose a new tax credit and other steps aimed at persuading the nation's businesses to make their buildings more energy-efficient.

Ford recalling F-150 pickups to fix door handles (AP) Posted: 03 Feb 2011 08:59 AM PST AP - Ford Motor Co. recalled nearly 365,000 F-150 pickup trucks in North America on Thursday to fix a problem with the interior door handles that could lead to the doors opening in a crash.

The Youth Unemployment Bomb (BusinessWeek) Posted: 03 Feb 2011 05:08 AM PST BusinessWeek - In Tunisia, the young people who helped bring down a dictator are called hittistes -- French-Arabic slang for those who lean against the wall. Their counterparts in Egypt, who on Feb. 1 forced President Hosni Mubarak to say he won't seek reelection, are the shabab atileen, unemployed youths. The hittistes and shabab have brothers and sisters across the globe. In Britain, they are NEETs -- "not in education, employment, or training." In Japan, they are freeters: an amalgam of the English word freelance and the German word Arbeiter, or worker. ...

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