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 Market Summary[edit]
S&P TSX
S&P TSX9,358.280.00(0.00%)
S&P CDNX1,827.400.00(0.00%)
Dow10,716.13+123.03(+1.16%)
Nasdaq2,086.66+29.02(+1.41%)
S&P 5001,203.030.00(0.00%)
CAD vs USD0.7991
Yahoo35.02-0.16(-0.45%)

Sat 10:03am ET: Weekly Recap - The indices rose sharply on Monday, Tuesday, and Wednesday this week, before sagging on Thursday and then rebounding solidly on Friday.  It was the second straight week of gains for the indices after three weeks of decline.  There were plenty of earnings reports this week, but the focus was at least as much on other events.  The Iraqi elections, Fed policy, and the economic numbers were also critical.

There were hundreds of earnings reports this week, but only a few that are noteworthy.  Amazon.com had the most market...

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Top Business News as of 2:45am ET
Tokyo Stocks Finish Higher, Dollar Down
Tokyo stocks finished higher Monday following Friday's gains on Wall Street and the U.S. dollar's stability after a weekend meeting of finance ministers said disorderly currency movements were undesirable.

Plant Builders Want Higher Peanut Quality
The large white dome looks futuristic, even alien, among the truck stops and motels that line busy Interstate 75 . Measuring 85 feet high and 170 feet in diameter, the structure is the first of three warehouses that will store peanuts from a new shelling plant.

Currencies: Dollar climbs vs. yen, euro in Asia after G7
The dollar rose against its major counterparts in Asia Monday, after the Group of Seven finance ministers and central bankers pulled no currency market surprises out of their sleeves at their meeting that concluded Saturday.

Nikkei survey: Japan execs less upbeat
Japan's company presidents are more pessimistic about the outlook for their own firms' performances as well as the nation's economy, according to a published survey.

Peter Brimelow: Investors are alert, wary
Several acres of investors attended the just-concluded World Money Show in Orlando, Fla. The good news: that's up from last year by several hundred square yards. The bad news: the 13,000-plus registrants were far from rampant bulls.

Matsushita, Hitachi Join in Plasma Deal
Japanese electronics giants Matsushita and Hitachi have agreed to tie up in the plasma display panel business as prices dive and competition intensifies, the companies said Monday.

Energy ETFs: A Bet On Higher Oil
While some investors are buying stock in oil companies to take advantage of record high oil prices, oil service ETFs offer more steady exposure to oil prices with less risk.

Philippine Shares End Higher
Philippine shares closed higher Monday on an improved economic outlook, especially in the mining sector, traders said. The 30-company Philippine Stock Exchange Index ended up 21.27 points, or 1.1 percent, at 2,016.84, after shedding 0.2 percent Friday.

Tomi Kilgore's Market Map: Bad data was good for stocks, but not for long
Bad news can be good for stocks, but for how long?

US Airways Becoming Optimistic Again
When US Airways filed for bankruptcy in September -- its second filing in two years -- many experts wondered aloud whether the airline's days were numbered.

The Stockpickers: Eaton Vance manager taps Pfizer, Lilly, Schering-Plough
Trevor Polischuk strives for a healthy portfolio of mature pharmaceutical companies with strong product pipelines.

ETF Investing: Funds of ETFs burdened with high fees, poor results
Exchange-traded funds offer tax-efficient diversification at low cost, but it's difficult to argue that so-called funds of ETFs have a place in most investor portfolios.

Marshall Loeb's Daily Money Tip: Make a rewards program earn your loyalty
Customer reward programs are becoming more of a factor in credit card choice.

Oil Prices Decline Amid OPEC Talk
Crude prices eased downward Monday amid talk that OPEC will retain current output levels as long as prices stay above US$37 a barrel.

Super Bowl Ads Test Limits of Credulity
There were plenty of tried-and-true techniques used in this year's Super Bowl ads -- talking animals, Clydesdale horses, celebrity cameos. But then came Gladys Knight as a rugby player, an airborne '72 Impala and a "Mama's Boy" action figure who was somehow plugging anti-perspirant.


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