LinkedIn skids 40%, erases $10B in market cap
LinkedIn said it projects first-quarter revenue of around $820 million, but Wall Street had expected about $868.3 million.
Brazil finds active Zika virus in urine, saliva
The CDC issued new guidelines for preventing sexual transmission of the mosquito-borne Zika virus.
HSBC pays $470m for mortgage misconduct
HSBC reaches a settlement with the US government over dubious lending and foreclosure practices that contributed to the financial crisis.
Canadians still love NYC real estate
Canadians accounted for almost a third of the $25.6 billion in foreign capital that poured into Manhattan commercial properties last year
Obama to propose $10-per-barrel fee on oil
Oil companies would cover the fee under the plan, which would have difficulty clearing the Republican-controlled Congress.
FTSE 100 follows Wall Street lower
London’s leading shares lost ground in afternoon trading on Friday, following Wall Street lower after disappointing US jobs figures.
London garage seen selling for $261,000
A garage in London is set to be auctioned for $261,567 or more, as the escalation in real estate prices in the already expensive city continues.
Citi: World economy trapped in ‘death spiral’
The global economy seems trapped in a “death spiral” that could lead to further weakness in oil prices, recession and a bear market, Citi warns.
ArcelorMittal slumps to $8bn loss
ArcelorMittal slumps to an annual loss of almost $8bn (£5.4bn) as the world’s biggest steelmaker is hit by plunging commodity prices.
Portugal budget narrowly avoids rejection by EU
Portugal’s budget for 2016 was judged to be “at risk of non-compliance” with European Union rules.