Summary Box: Barclays cuts bonuses after '11 fall

BONUSES CUT: Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented overall profitability.

Thruway seeks NY vendors for farmers markets

The New York State Thruway Authority is looking for farmers and growers to participate in "Tailgate Farmers Markets" at some of the highway system's more than two dozen travel plazas.

This product image provided by the U.S. Consumer Product Safety Commission, shows two models of the Spectrum Home Furnishings Crystal chandeliers which are being recalled because the mounting loop can fail during use causing the chandeliers to fall from the ceiling.

Week's recalls: chandeliers, coffee makers, lamps

Crystal chandeliers with a dangerous tendency to fall, single-cup coffee makers that may spray scalding liquid on users and lamps that may start fires are among the consumer products recalled this week.

Fishermen meet amid bleak cod prospects

Fishermen and federal officials grappled Friday with the increasingly bleak prospect of finding some way for the historic industry to avoid collapse amid troubles with the health of Gulf of Maine cod. 1328921583

Spain approves crucial labor market reforms

Spain's new conservative government approved sweeping labor market reforms on Friday as part of a drive to revive a sick economy and solve Europe's worst unemployment nightmare.

A look at economic developments around the globe

A look at economic developments and activity in major stock markets around the world Friday: 1328913183

Friendly's CEO steps down

The chief executive of the Friendly's restaurant chain has announced he is stepping down after 18 months on the job and a month after the company emerged from bankruptcy protection.

Business events scheduled for the coming week

MONDAY, Feb. 13 1328907290

France's Total gets oil price profit boost

French oil company Total SA forecast higher production this year while revealing Friday that higher oil prices helped it post a 12.8 percent rise in fourth quarter profits despite a drop in output.

Cobalt International up 36 percent on well results

Shares of oil producer Cobalt International Energy Inc. surged 36 percent Friday after the company released a study showing that one of its wells might be far more productive than many analysts thought.

Summary Box: China trade slows more than expected

TRADING DOWN: China's trade data in January showed the biggest drop since 2008. Exports fell 0.5 percent from a year earlier to $149.9 billion. Imports were down 15 percent at $122.7 billion. The politically sensitive global trade surplus tripled to $27.3 billion.

Obama call for manufacturing revival a tough goal

President Barack Obama is making a strong election-year push for an economic revival "built on American manufacturing." But he faces an uphill slog, with little consensus even within his own party on how to do it.

A man looks at an electronic stock board of a securities firm in central Tokyo, Japan, Friday, Feb. 10, 2012. Asian stock markets dropped Friday after Europe's finance ministers demanded more spending cuts from Greece before clearing a €130 billion ($170 billion) bailout to stave off the country's bankruptcy.

Greek deal uncertainty slams global markets

Stock markets and the euro fell sharply Friday after Greece's crucial bailout was put on hold by its partners in the 17-nation eurozone and the leader of a small partner in the country's coalition government said he would vote against the demanded austerity measures.

Summary Box: Commodities fall on Greece debt woes

GREEK WOES: Commodity prices fell broadly as a plan to fix Greece's crippling debt crisis remained far from settled, renewing concerns about global economic growth. 1328908998

Alcatel-Lucent returns to profit in 2011

Telecommunications equipment maker Alcatel-Lucent said Friday that years of cost-cutting helped it make an annual profit in 2011, its first since its trans-Atlantic merger in 2006.

Euro falls against dollar on Greek default fears

The euro fell sharply against the dollar Friday on fears that Greece won't be able to avoid a default. 1328907833

Unemployment aid applications near a 4-year low

The number of people seeking unemployment aid neared a four-year low last week, a positive sign that strong hiring could continue in the coming months. Photo Gallery Available

BC-US--Gov-Finances, DISREGARD

EDITORS:

House Speaker John Boehner of Ohio watches as House Majority Leader Eric Cantor of Va. speaks during a news conference on Capitol Hill in Washington, Thursday, Feb. 9, 2012.

House bans federal lawmakers from insider trading

The House on Thursday joined the Senate in voting to explicitly prohibit members of Congress and other top officials from making investments on insider information. But an effort to bridle purveyors of Capitol Hill political intelligence could delay the bill's enactment. Photo Gallery Available

In this Feb. 8, 2012 photo, trader Gregory Rowe, left, works on the floor of the New York Stock Exchange. Markets remained optimistic Thursday, Feb. 9, 2012, that Greece will secure its next bailout despite an 11th hour snag that has delayed the signing off of another batch of austerity measures.

Stock futures fall on Greek deal holdup

U.S. stock futures are following overseas markets lower Friday after Greece's crucial bailout was put on hold by the rest of the eurozone, a day after it seemed that the country had pacified its creditors. Photo Gallery Available

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