Expedia posts smaller quarterly net profit

CHICAGO (Reuters) – Expedia Inc, the largest online travel agency, posted a quarterly profit on stronger bookings, but the results were weaker than expected and its shares tumbled 10.5 percent.

Romney takes on Obama on handling of economy

WASHINGTON (Reuters) – Republican Mitt Romney accused President Barack Obama on Friday of presiding over “the greatest job loss in modern American history” in a speech to conservatives that hinted strongly at a run for president.

Obama launches housing overhaul plan, long road ahead

WASHINGTON (Reuters) – The Obama administration nailed a ‘condemned’ sign on the wrecked U.S. housing finance system on Friday but did not offer a clear blueprint for a rebuilding project that…


Convicted murderer gets 60 year sentence in Chandra Levy case

WASHINGTON (Reuters) — Convicted murderer Ingmar Guandique was sentenced on Friday to 60 years in prison for the death of former federal intern Chandra Levy, a court official said, capping off a controversial, decade-long case.

Markets end second week of gains after Mubarak resigns

NEW YORK (Reuters) – U.S. stocks closed out their second straight week of gains on Friday with a rally sparked after Egyptian President Hosni Mubarak resigned, easing tension around the region for…


Sanofi-Genzyme investors eyeing February 15 deadline

PARIS (Reuters) – Genzyme Corp investors’ confidence that the U.S. biotech is close to an agreement to be taken over by Sanofi-Aventis could be shaken if the French drugmaker extends its tender…

Kinder Morgan shares rise 3.5 percent in debut

HOUSTON/NEW YORK (Reuters) – Shares of Kinder Morgan Inc rose 3.5 percent above their initial public offering price on Friday as investors showed their appetite for the U.S. pipeline company’s cash…

End of Mubarak era as protests topple president

CAIRO (Reuters) – A furious wave of protest swept Egypt’s President Hosni Mubarak from power Friday after 30 years of one-man rule, sparking jubilation on the streets and sending a warning to autocrats across the Arab world and beyond.