NEW YORK (Reuters) - Stock bulls may hit the pause button again next week if a wave of earnings due from marquee names such as Exxon Mobil and a slew of economic data offer no fresh incentives to extend Wall Street's seven-month rally.
LOS ANGELES (Reuters) - The real estate investment manager who led the California Public Employees' Retirement System, the nation's largest pension fund, into a money-losing land venture has resigned as an adviser to the fund, a spokeswoman for MacFarlane Partners said on Saturday.
TOKYO (Reuters) - The Japanese government plans to put a state-backed turnaround body in charge of the overhaul of Japan Airlines , the Nikkei business daily said, underlining the government's deeper involvement in the process.
SAN FRANCISCO (Reuters) - Billionaire activist investor Carl Icahn gave up his seat on the Yahoo Inc board of directors on Friday, closing a tumultuous chapter in the Internet company's 15-year history.
CHICAGO (Reuters) - Federal prosecutors in the Galleon Group case have sent a subpoena to a former employee of SAC Capital Advisors, a sign that the scope of the probe into the largest hedge fund insider trading case in history is expanding, the Wall Street Journal reported, citing people familiar with the matter.
LONDON (Reuters) - Private equity firm Blackstone is preparing to float theme park operator Merlin Entertainments next year, hoping to take advantage of buoyant equity markets, a source familiar with the situation said.
WASHINGTON (Reuters) - Sales of previously-owned U.S. homes jumped to a two-year high last month, according to data on Friday, though the looming expiry of a tax incentive for first-time home buyers was a major factor spurring sales.
RIYADH (Reuters) - SABB bank , HSBC's Saudi affiliate, booked 351.5 million riyal ($93.7 million) in provisions for loan losses during the third quarter, bourse data showed on Saturday.
NEW YORK (Reuters) - Microsoft Corp's results smashed Wall Street expectations on Friday, sending its shares up 7 percent, as the PC market improved and sales of its Windows software and Halo video game were stronger than expected.
NEW YORK (Reuters) - AIG , the insurer that received a huge government bail out, said on Friday it is paying $12.1 million in retention awards to some top executives after U.S. pay czar Kenneth Feinberg gave it the green light.
