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Business News

• New York sues banks over electronic mortgage system (Reuters)
  Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices. […]
• Wall Street analysts struggle to predict Apple (Reuters)
  Reuters - Leitao is part of a cadre of amateur forecasters, bloggers and hobbyists who sift through reams of data every quarter to guess at Apple's quarterly results - often putting professional analysts to shame by coming up with more accurate predictions. […]
• Jobless rate at 3-year low as payrolls surge (Reuters)
  Reuters - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama. […]
• Canada, Alberta seek to assuage oil sands critics (Reuters)
  Reuters - Canada will set up a new environmental monitoring system for the northern Alberta oil sands as it seeks to fend off harsh international criticism following revelations that oversight of the huge petroleum development has been insufficient. […]
• Nasdaq vaults to 11-year high on surge in jobs (Reuters)
  Reuters - A surge in hiring in the world's largest economy last month drove the Nasdaq to an 11-year high on Friday as optimism grew that the labor market is on a steady path to recovery. […]
• Analysis: Stock-picking makes a comeback as macro tides fade (Reuters)
  Reuters - Stock-picking once again matters on Wall Street. […]
• Hackers attack Greek Justice Ministry website (AP)
  AP - Hackers have attacked the Greek Justice Ministry website to protest the government's signing of a global copyright treaty and its handling of the financial crisis. […]
• Obama pushes for veterans jobs programs (AP)
  AP - In an effort to cut the unemployment rate among veterans, President Barack Obama is calling for a new conservation program that would put veterans to work rebuilding trails, roads and levees on public lands. […]
• NY's Schneiderman sues banks in foreclosure effort (AP)
  AP - New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures. […]
• Goldman to face mortgage debt class-action lawsuit (Reuters)
  Reuters - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. […]