Broadcom Corp. fell to a $159.2 million loss in the fourth quarter as the chip designer took big charges for an acquisition and a write-down in a division’s value. Sales topped Wall Street’s forecast, but shares dropped 4 percent in extended trading as the…

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Broadcom falls to $159M loss in 4Q

Drug giant Pfizer Inc.’s agreement to acquire rival Wyeth would give Wyeth directors a voice on Pfizer’s board and includes hefty penalties aimed at preventing the deal from collapsing, according to a regulatory filing made Thursday. The 86-page agreement…

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Pfizer deal gives Wyeth say on board, breakup fee

Consumer products maker Newell Rubbermaid Inc. said Thursday that it lost nearly $257 million in the fourth quarter as a hefty asset impairment charge and falling sales weighed down results. The maker of Rubbermaid storage containers and Sharpie pens, which…

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Newell Rubbermaid posts 4Q loss on charges

DETROIT (Reuters) – The Canadian Auto Workers union said on Thursday it was open to negotiating new wage and benefit deals with embattled U.S. automakers, opening the door to concessions less than a year into three-year contracts.

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CAW to restart talks with automakers

Ginnie Mae funds that posted the biggest returns for the 12-month period ended Jan. 23, 2009, and performance of the largest largest 2010 funds: TOP FIVE PERFORMERS: Fund Name Ticker Return Total Assets Expense ratio BlackRock GNMA BGPAX6.28percent $782…

2008′s best-performing, biggest Ginnie Mae funds

Gold prices advanced Thursday as bad economic news once again had investors fleeing Wall Street. Other commodities, including oil and agriculture futures, tumbled. Commodities seem to be taking a cue from the equities markets, more or less falling in tandem…

Gold prices rise as caution overcomes Wall Street

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Chat Transcript: MBA Loan Crisis

Rumors have been flying for years that IKEA, the Swedish furniture and home accessory retailer, will be building a store in the St. Louis area. Supposed locations have included Northwest Plaza and Crestwood.

But don’t get your hopes up. Ikea has no current plans to build anywhere in St. Louis,  according to a spokesman for the company. So if you’re a fan of those affordable, contemporary designs, better plan on shopping online or driving to Chicago.

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IKEA has no plans for St. Louis area store

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Financial Woes Force B-School Cutbacks

Amazon.com Inc. said Thursday that its fourth-quarter profit rose 9 percent and easily surpassed analysts’ forecasts. Those results, plus an optimistic forecast, sent its shares soaring 13 percent in extended trading. Amazon had called the holiday season its “…

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Amazon stock soars on strong profit and outlook

A federal probe into a deadly salmonella outbreak has exposed a dirty secret: Food producers in most states are not required to alert health regulators if internal tests show possible contamination at their plants. The legal loophole surfaced this week when…

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Food makers don’t report in-house test results

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Stocks Slammed by Weak Data

House Republicans are questioning a section of the economic stimulus package that routes nearly $2 billion to national parks, saying the money could be a hidden pet project for the son of a powerful Democratic lawmaker. A spokeswoman for Democratic Rep. David…

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Stimulus bill has money sought by lawmaker’s son

The Charlotte Bobcats have signed forward Cartier Martin to a 10-day contract. Terms of the deal were not disclosed by the team on Thursday. The 6-foot-7 Martin has played in 21 games for the Iowa Energy in the D-League this season, where he is averaging 20.6…

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Bobcats sign Cartier Martin to 10-day contract

A 19-year-old woman who thought she was going to a party was instead driven to a rural wooded area and abandoned in 8-degree weather in a long-planned attack by three friends angry with her over an insurance claim, police said Thursday. The victim was wearing…

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NJ police: Woman’s ex-friends used cold as weapon