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this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. progress in fits and starts at a european summit meeting in brussels today, and that led to losses and a late comeback on wall street. tom, european leaders met to work on three key items: an agreement not to overspend, a permanent bailout fund to deal with the spreading financial crisis. between with still don't have a deal between greece and its lenders. a more optimistic message that europe is get on top its did debt crisis that lead to the blue chips losing 6 and 3/4 points. on the bell after dropping in the first hour of trading, the naz was down 4, the s&p down 3 and change. >> susie: at the core of the european negotiations is the impact serious budget cutting could have on the 17 individual nations in the eurozone. sylvia hall takes a closer look at the issues facing european policymakers. >> reporter: in a meeting room in brussels, almost all of europe's leaders agreed

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. investors turned cautious today on worries about the three e's: the economy, europe and upcoming earnings. tom, stocks did little on this second trading day of the year. >> tom: susie, it was a big contrast from yesterday's strong rally. investors were encouraged by today's good numbers on factory orders and auto sales, but stocks pulled back on concerns about the financial health of european banks. the leader, in case you are wondering, is energy with an expected profit gain of 24%. on the flip side, three industries are expected to post negative growth-- materials, telecom, and utilities. so, with all these cross- currents, what's an investor to do? some analysts say the biggest mistake is to focus exclusively on earnings when picking stocks >> dividends is really the biggest theme of 2012. investors are looking for companies that prove out those earnings by paying out a port

i'm susie gharib goodnight everyone. we hope to see all of you again on monday. "nightly businreport" captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org

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this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. the u.s. job market kicks off the new year with new vigor. tom, not only are there more jobs for americans, but the unemployment rate dropped again, a sign that american businesses may be more willing to hire. >> tom: susie, the december jobs report underscores an economy that is picking up and faster hiring means consumers could have more money to spend. u.s. companies added 200,000 jobs to their payrolls last month more than expected and the fourth biggest monthly gain of 2011. the biggest surprise: the unemployment rate fell to 8.5% from an upwardly revised 8.7% in november. investors shrugged off the good economic news. the dow lost 56 points. the nasdaq added four and the s&p lost three points. suzanne pratt takes a closer look at that december jobs report and the outlook for hiring in 2012. >> reporter: 8.5%. that's an unemployment rate the u.s. hasn't seen in nearly thr

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. susie gharib is off tonight. the stock market rang in the new year with a new push higher. positive economic data on the u.s. manufacturing sector fueled the rally. but it was sparked by unemployment falling to a two- decade low in germany, and china's services and manufacturing sectors rose in december, despite worries about a chinese slowdown. the major u.s. stock averages logged big gains. the dow gained 179 points, the nasdaq added 43, and the s&p 500 was up 19.5 points. trading volume picking up steam as we come off the holiday-- 853 million shares moving on the big board and 1.7 billion on the nasdaq. the pick-up in share prices and trading volume comes as many smaller investors continue on the sidelines. suzanne pratt reports. >> reporter: it's cleanup time in manhattan from this weekend's new year's eve celebration. but today on wall street, the partying

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. seven people were charged today in a $62 million insider trading scheme. susie, they include a top hedge fund co-founder, financial analysts and a former dell employee. >> susie: tom, federal prosecutors called it "operation hedge fund." today's charges are part of an aggressive campaign by the u.s. attorney's office in manhattan to crack down on insider trading. these are the most prominent arrests since the conviction last year of hedge fund heavyweight raj rajaratnam. he's now in prison serving an 11-year sentence. >> tom: what's interesting about this case is nearly all of the money was allegedly made off a single trade in dell stock. erika miller has details of the case and those accused. >> reporter: preet bharara is one of the nation's top federal prosecutors. the way he sees it, insider trading is rampant and routine on wall street. he called today's arre

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening everyone. tom hudson is off tonight. stocks were in rally mode today on high hopes for a positive earnings season. here at the big board, the dow gained 70 points. the nasdaq surged 26 points. the s&p added 11. that's the fifth up day for the index in the last six. the recent move higher in the stock market has some investors questioning their love for bonds, in particular u.s. treasuries. even though the first big bond auction of the year met with strong demand today, there are concerns bond investors may not fare as well in 2012. suzanne pratt reports. >> reporter: the outlook for treasuries this year is something of a mixed bag, but that hasn't stopped people from coming to investment offices like this one to pour millions of dollars into bonds. it's no wonder investors are still enamored of bonds. last year, treasuries returned about 10%, beating corporates and stocks. after all, u.s

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. investors were hanging up on research in motion today after the surprise resignation of its co-c.e.o.'s leadership over the weekend. tom, shares of the company plunged 8%. >> tom: susie, this is a big management shakeup at the maker of the blackberry smartphone, but by the looks of today's stock sell-off, investors aren't convinced that new c.e.o. thorstein heins can do more to help the company better compete with apple and google. >> susie: but on day one in the job, the new c.e.o. was putting out the message that he has a plan to get rim on the right track. erika miller reports. >> reporter: thorsten heins is smiling in his media photo, but it's clear there's a lot of weight on his shoulders. this little-known insider took the helm at troubled blackberry maker research in motion over the weekend. in video released by the company, heins is promising to deliver change. >> when

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >>: go susie evening, everyone. explosive earnings from one tech titan toght, a a whimper from anoth. apple and yahoo post very different quarterly results after the market close. tom, apple surpassed expectations by a wide margin, and yahoo just came right in line. susie, investor reaction in after-hours trading also played out differently for the two companies. apple skyrocketed, rising roughly $40, or almost 10%, while yahoo was flat. let's begin with those robust numbers from apple. it earned $13.87 a share in its fiscal first quarter, almost $4 more than estimates. revenues surged 73% to $46 billion. that's about $8 billion more than expected. and that's thanks to very strong sales of ipads and iphones. yahoo's earnings were in line with analyst estimates-- 24 cents a share in its fiscal fourth quarter. revenues came in at $1.7 billion, down from last year and slightly below expectations. >> susie: joinin

i'm susie gharib. goodnight everyone and have a great weekend-- you too tom. >> tom: good night, susie. i'm tom hudson. we hope to see all of you again next week. "nightly business report" is made possible by: captioning sponsored by wpbt captioned by media access group at wgbh access.wgbh.org 

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> tom: good evening and thanks for joining us. one huge earnings disappointment tonight from google. quarterly earnings came in well below wall street expectations, and, susie, the reaction was swift. >> susie: google shares tumbled 10% in after-hours trading on this rare earnings miss for the web giant. it earned $9.50 a share, almost a full dollar below estimates. revenues were also less than expected, coming in at just over $8 billion. but a trio of other big technology firms reported stronger than predicted results. microsoft earnings were two cents ahead of wall street estimates. profits at intel were three cents over what was expected. and ibm's earnings were almost a dime stronger than predicted. >> tom: so far this year, the nasdaq and its technology stocks have been the hot market, up 7% already. david garrity is principal at gva research. he joins us from the nasdaq. david, it's great to see you. we

. >> susie: itnightly busi this is "nightly business report" with susie gharib and tom hudson. "nightly business report" captioning sponsored by wpbt >> susie: good evening, everyone. my colleague tom hudson is off tonight. a bad start to earnings season. alcoa reported a quarterly loss, it's the first dow component to report and the aluminum giant is considered a bellwether for the economy. here are the numbers that were released right after the market close today: excluding special charges, alcoa lost three cents a share, just what analysts were expecting. this is the company's first loss in two years. revenues rose 6% to $6 billion. alcoa stock slipped in after- hours trading, but was higher by 2% in the regular session. as for the rest of the market, the dow rose nearly 33 points, the nasdaq added two and the s&p gained three points. joining us now to discuss those results? klaus kleinfeld. he's chairman and c.e.o. of alcoa. klaus, nice to see you and happy new area. >> hello, susie, hello, happy new area, susie. >> susie: thank you so much, well, looking at these quarterly

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: captioning sponsored by wpbt >> susie: good evening, everyone. a tale of two banks today-- citigroup's quarterly profits tumbled, but wells fargo posted a record fourth quarter. tom, this is a key week for earnings with lots of reports from financials. >> tom: susie, between today's results and j.p. morgan's disappointing numbers friday, this is a shaky start to earnings season for banks. looking at citi, the banking giant earned 38 cents a share, an 11% drop from a year ago and way below what analysts were expecting. revenues fell to $17 billion. even though citi made more loans, its investment banking business did not do well. but at wells fargo, profits jumped to 73 cents a share, a penny better than estimates, even though revenues slipped, but were still higher than wall street expectations. >> susie: wells fargo shares rose today, but most other bank stocks were down. still, the major averages managed to end higher. the dow gained 60

this is "nightly business report" with susie gharib and tom hudson. "nightly business report" is made possible by: a bullish forecast about the global economy from caterpillar today. the world's leader in bulldozers and excavators expects sales to grow as much as 20% this year. the company also predicted the global economy avoids a recession. tom, those comments came as caterpillar reported record quarterly earnings, posting a gain of 60%. >> tom: susie, that performance is an important economic indicator because caterpillar's business comes from infrastructure and agriculture spending across the globe. caterpillar earned $2.32 a share, surpassing estimates by almost 60 cents. these results cap a year in which caterpillar saw sales grow at their fastest pace since 1947. investors were encouraged. caterpillar stock rose almost 2%, and it was the best performer in the dow. >> susie: a short while ago, i talked with caterpillar c.e.o. douglas oberhelman and asked him what areas will fuel growth this year. >> just about everywhere in the world. at the mid