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January 20, 2012 06:18 AM

Friday Morning Business Brief


The latest trading session on Wall Street reflected the pattern that's been seen so far this new year. The key averages made steady, quiet gains. Year-to-date, the Dow is up 3.3 percent.

  • International stock markets are a mixed bag. Asian stock markets rose today amid signs that the U.S. economy was picking up steam, but European shares opened lower as nervous traders awaited results of crucial negotiations between debt-mired Greece and its lenders. Benchmark crude oil hovered above $100 per barrel while the dollar rose against the euro and the yen.
  • We're due for a check of the housing market this morning. The National Association of Realtors reports on sales of previously-owned homes for December.
  • Megaupload.com, among the world's biggest file-sharing sites, has been shut down by the federal government. The U.S. accuses the site of facilitating millions of illegal downloads of films, music and other content costing the industry half-a-billion dollars in lost revenue. The founder and three employees are in custody.
  • Funding for startups rose 19 percent in the fourth quarter as venture capitalists funneled money into more companies in the Internet, clean technology and other sectors. According to a study released Friday, based on data from Thomson Reuters, startup investments grew to $6.57 billion in the October-December quarter from $5.52 billion in the same period in 2010.
  • Business
  • Housing
  • Industry
  • Economy/Stocks
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