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Industry news

Citi Hit in Brazilian Hacker Attack
A computer hacker group continued a wave of attacks against Brazilian financial websites, hampering the sites of Citigroup and other prominent institutions. Read

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With Role Lessened, Loan Chief Exits BofA
Barbara Desoer, a high-profile mortgage executive who once was a candidate to become chief executive of Bank of America, is leaving as the financial giant retreats from the home-loan business. Read

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Upbeat Beam Sees Glass as Half-Full
Spirits maker Beam, which posted better-than-expected earnings, expects established brands and new flavors to help it outperform the broader category's growth this year. Read

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Facebook and the St. Petersburg Paradox
Investors thinking about Facebook should consider a mathematical riddle that shows how growth stocks can get overvalued so easily. Read

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Oil Partnerships Keep Rolling
A quirky and complex investment class called master limited partnerships has been one of the market's best performers of late. Read

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Despite Intervention, Brazil's Currency Gains
Brazil's real climbed against the dollar after strong U.S. jobs figures outweighed the central bank's intervention in an attempt to weaken the currency. Read

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Jobs Data Help Dollar Gain
A surprisingly strong jobs report boosted the dollar, as evidence of a rebounding labor market helped diminish expectations of more expansionary monetary policy by the Federal Reserve. Read

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MTN Probes Bribery Claims
Shares of South African mobile-phone operator MTN fell after the company said it is investigating claims by Turkey's largest mobile-phone operator that it engaged in corruption to secure a deal in Iran. Read

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Interest-Rate Probe Widens
Regulators in Switzerland and the U.K. stepped up pressure on Swiss and foreign banks, extending a probe into alleged manipulation of interest rates and disclosing possible action against UBS in a trading scandal. Read

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RBS 'Surprised' by Pay Backlash
RBS's chairman acknowledged that the bank had miscalculated the public and political reaction to the $1.5 million bonus in shares awarded to CEO Stephen Hester, who subsequently turned down the payment. Read

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Hutchison Whampoa Buys Orange Austria
Hutchison Whampoa agreed to buy Austria's third-largest mobile operator for about $1.71 billion in a move that will enable the Hong Kong conglomerate to expand its market share in Austria. Read

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Mexico Drought Chokes Cattle, Crops
The worst drought on record in various parts of Mexico has destroyed millions of acres of cropland and left millions of livestock without food. Read

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Mild Winter Leaves Some Cold
The relatively mild U.S. winter is saving cities money on salt and snowplowing but hurting businesses that rely on cold to bring in cash. Read

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FDA: No Ban on Orange-Juice Imports
Orange-juice futures settled lower as traders discounted the prospects for a ban on juice imports into the U.S. It appears they weren't off the mark. Read

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Gold Shines Over Platinum
Platinum is usually more expensive than gold, but worries about Europe and global growth have turned the historical norm on its head. Read

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Copper Surges 3.2%
Copper futures roared higher on better-than-expected U.S. employment data and as traders who bet on lower copper prices were forced to cover those positions with purchases. Read

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Industry news provided by WSJ Online.

News

A 102% Tax Rate? Believe It
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This Year’s Super Bowl Commercials…Anticlimactic?
Follow Yahoo!'s The Daily Ticker on Facebook here! Everyone knows the best part of the Super Bowl - the commercials. One day a year Americans skip the fast-forward button on their DVRs and direct their gaze on the television, assiduously watching every second of these highly-anticipated commercials. The annual ritual of watching Super Bowl ads [...] Read

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Facebook's IPO: What Will Change and What Won't
Once Facebook goes public, the party's over, right? Read

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From relief to despair: Varying views of jobs data
Month by month, the U.S. job market is regaining its health.So many jobs are being added that the unemployment rate has dropped for five straight months. At 8.3 percent, it's at a three-year low.Whether ... Read

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Why small companies' stocks deserve a closer look
Underperforming money managers are losing their most reliable scapegoat.Since the 2008 financial crisis, the nation's professional stock-pickers — who manage billions for pension funds, endowments and ... Read

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News provided by Yahoo! Finance.