Asian shares edge up; caution before US

Asian shares edged higher on Friday following record rate cuts by central banks in Europe, though plenty of caution remained, lifting the dollar ahead of what is expected to be dismal U.S.

German upper house approves economic package

Germany's upper house of parliament approved on Friday the government's planned package of measures to boost Europe's biggest economy. Approval from the Bundesrat clears the way for most measures in the package,

Morgan Stanley widens Goldman Sachs loss view

Morgan Stanley widened its fourth-quarter loss estimate on Goldman Sachs Group Inc, citing a fall in equity, credit and real-estate asset values in November, and rising negative marks on the firm's illiquid

“Koobface” virus turns up on Facebook

Facebook's 120 million users are being targeted by a virus dubbed "Koobface" that uses the social network's messaging system to infect PCs, then tries to gather sensitive information such as credit card

European shares seen sharply lower

European stocks are set to open sharply lower on Friday, tracking weakness in the U.S. markets on disappointing profit outlooks from large companies and as low oil prices sent the energy sector