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Business & Finance

• Funds Didn't Monitor Currency Charges

  Public pension funds ramped up currency trading in the past decade but failed for years to monitor prices banks charge in making these trades—and in one case, appeared to have ignored a consultant's warnings of being overcharged.

  • Topics: Currencies

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  Huawei Set Back On Deal In U.S.

  A U.S. panel decided that Huawei should divest itself of a small technology company the Chinese telecom-equipment maker bought in May.

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  Wall Street Missed Out on Commodities Boom

  Gold, copper and cotton hit record highs in 2010, and investors piled into the market. But Wall Street's revenue from the market fell by an average of about 40%, according to bankers familiar with the results.

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  China's Inflation Rises 4.9%

  China's consumer price index rose 4.9% in January from a year earlier, above December's 4.6% rise, government data showed.

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  Marriott to Spin Off Timeshare Business

  Marriott is spinning off its timeshare business, a one-time booming profit center for hotel companies that petered out during the recession.

• Brent's Rise Rallies Chevron, Exxon

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  FedEx Cuts Outlook

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  TARP Inspector to Resign

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  GM Outlines Profit-Sharing

• Apple Audit Details Changes at Foxconn

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  Recalled Devices Got Less Stringent Review, Study Says

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  EU Signals Size of Bailout Fund