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• Wall St edges lower after GDP data (Reuters)
• U.S. growth quickens, but speed bumps ahead (Reuters)
• Ford hit by commodity costs, international woes (Reuters)
• Chevron profit falls as refineries, output suffer (Reuters)
• Eastman Chemical to buy Solutia for $3.4 billion (Reuters)
• Government opens case against accused swindler Stanford (Reuters)
• Starbucks 1Q profit up 10 percent on strong sales (AP)
• Summary Box: Chevron 4Q profit down 3 pct. (AP)
• Spanish jobless rate soars past 5 million mark (AP)
• Justice unit to probe mortgage-backed securities (AP)
• Finance chiefs reassure CEOs over European crisis (AP)
• Retail gasoline prices up 2 cents across Texas (AP)
• D.R. Horton profit beats on higher home orders (Reuters)
• Chevron 4Q profit down 3 pct. on refinery decline (AP)
• Assets on tax forms missing on Romney financial disclosures (Reuters)
• Ford posts big profits but misses Wall Street (AP)

Wall St edges lower after GDP data (Reuters) Posted: 27 Jan 2012 09:17 AM PST Reuters - Stocks slipped on Friday as data showed the U.S. economy grew less than expected in the fourth quarter, while some disappointing earnings added pressure to the market.

U.S. growth quickens, but speed bumps ahead (Reuters) Posted: 27 Jan 2012 07:55 AM PST Reuters - The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter of 2011, but a strong rebuilding of stocks by businesses and a slower pace of business spending hinted at softer growth early this year.

Ford hit by commodity costs, international woes (Reuters) Posted: 27 Jan 2012 07:03 AM PST Reuters - Ford Motor Co reported a lower-than-expected fourth-quarter profit on Friday as commodity costs shot up and results from operations outside North America fell short of expectations.

Chevron profit falls as refineries, output suffer (Reuters) Posted: 27 Jan 2012 07:09 AM PST Reuters - Chevron Corp reported lower quarterly earnings on Friday, missing Wall Street forecasts, as rising spending on oil and gas projects and losses at its U.S. refinery business offset gains from higher crude oil prices.

Eastman Chemical to buy Solutia for $3.4 billion (Reuters) Posted: 27 Jan 2012 08:26 AM PST Reuters - Eastman Chemical is buying Solutia Inc , chemicals provider for products from iPads to tires, for about $3.4 billion in cash and stock in a bid to drive its sluggish growth and focus on emerging markets, particularly the Asia-Pacific region.

Government opens case against accused swindler Stanford (Reuters) Posted: 24 Jan 2012 05:05 PM PST Reuters - Texas financier Allen Stanford used lies and bribes to steal the hard-earned savings of his customers, prosecutors said on Tuesday.

Starbucks 1Q profit up 10 percent on strong sales (AP) Posted: 26 Jan 2012 04:55 PM PST AP - Starbucks Corp. reported its biggest quarterly revenue gain since the recession began, but investors worried after the company issued a modest forecast for the year.

Summary Box: Chevron 4Q profit down 3 pct. (AP) Posted: 27 Jan 2012 08:43 AM PST AP - STRUGGLING REFINERIES: Rising crude prices cut into fourth-quarter profits at Chevron Corp.'s refineries, which must buy crude to make gasoline and other fuels.

Spanish jobless rate soars past 5 million mark (AP) Posted: 27 Jan 2012 08:04 AM PST AP - The number of people out of work in Spain has soared past the 5 million mark with the jobless rate shooting up to almost one in four people, officials said Friday, further highlighting the depth of the country's economic crisis and increasing pressure on the new government to introduce serious reforms.

Justice unit to probe mortgage-backed securities (AP) Posted: 27 Jan 2012 08:52 AM PST AP - Federal and state law enforcement officials have launched a fraud-fighting initiative to root out wrongdoing in the market for residential mortgage-backed securities.

Finance chiefs reassure CEOs over European crisis (AP) Posted: 27 Jan 2012 07:18 AM PST AP - Leading finance chiefs sought to reassure anxious global business leaders on Friday that Europe is on track to solve its crippling debt crisis before it drags the world's economies down. Europe's top banker said investors, burned after trusting the region's governments too much, now trust them too little.

Retail gasoline prices up 2 cents across Texas (AP) Posted: 26 Jan 2012 10:46 AM PST AP - A survey finds that retail gasoline prices across Texas have risen an average 2 cents this week.

D.R. Horton profit beats on higher home orders (Reuters) Posted: 27 Jan 2012 05:11 AM PST Reuters - D.R. Horton Inc , the top U.S. homebuilder, posted a first-quarter profit that beat market expectations, helped by a surge in orders indicating a stabilizing housing market, and said it was looking at spring selling season with "cautious optimism."

Chevron 4Q profit down 3 pct. on refinery decline (AP) Posted: 27 Jan 2012 08:09 AM PST AP - Chevron Corp. said Friday that its profit slipped by 3.2 percent in the fourth quarter as its refineries struggled to pass on the higher cost of crude oil.

Assets on tax forms missing on Romney financial disclosures (Reuters) Posted: 27 Jan 2012 08:53 AM PST Reuters - A handful of financial holdings reported by U.S. Republican presidential hopeful Mitt Romney on his tax returns was not declared in earlier government financial disclosures, his campaign acknowledged on Thursday.

Ford posts big profits but misses Wall Street (AP) Posted: 27 Jan 2012 08:12 AM PST AP - Ford's stock price fell after weak sales in Europe and production losses in Asia hurt fourth-quarter earnings.

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