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Trico Marine to raise $400 mln via notes

Oil field services company Trico Marine Services Inc said its unit Trico Shipping AS plans to raise $400 million through senior secured notes, and will use the proceeds to repay debt.

GM signs deal to sell Hummer to Tengzhong

General Motors Co signed a deal on Friday to sell its iconic but tarnished Hummer brand to an investment partnership headed by an obscure Chinese machinery maker in an agreement that underscores the fast rise and global ambition of the Chinese auto industry.

Carly Simon planning first ever shows in Europe

Anticipation, indeed.

Wall St extends to 5-day gain on earnings optimism

U.S. stocks ended higher on Friday, extending the rally to a five-day gain, as investors anticipated positive news from next week's key earnings reports, while bullish broker comments boosted tech shares.

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Citi to sell Phibro to Occidental, price seen low

Citigroup Inc agreed to sell its Phibro energy trading business to Occidental Petroleum Corp for a pittance, allowing the bank to calm regulators who were outraged over a $100 million pay package the unit was obliged to pay a star trader.

Oil rises slightly, demand outlook outweighs dollar

Oil rose slightly on Friday as a positive demand forecast from the International Energy Agency outweighed gains in the U.S. dollar.

Pay czar fingerprints on Citi move to sell Phibro

The U.S. government's pay czar played a critical role in Citigroup's decision to sell off its lucrative commodities trading business, Phibro, a source familiar with the matter said Friday.

Zillow, Trulia See Price Cuts

Real estate Web sites Zillow and Trulia continue to see price cuts by home sellers in apparent efforts to attract buyers during a slower part of the year for house sales.

Trustee-Lehman's Barclays probe should be unsealed

The U.S. Trustee, which oversees bankruptcy cases in New York, said on Friday it believes documents related to Lehman Brothers Holdings Inc's probe of its asset sale to a Barclays Plc unit should be made public, according to court documents.

DragonWave shares hit all-time high on Q2 results

Shares of DragonWave Inc soared as much as 17 percent to a lifetime high, a day after the supplier of packet microwave radio systems posted quarterly results that topped market estimates and raised its fiscal 2010 revenue outlook.

GM signs deal to sell Hummer

General Motors Co on Friday signed an agreement to sell its Hummer SUV brand to China's Sichuan Tengzhong Heavy Industrial Machinery in a deal that marks the first time a Chinese buyer has acquired a distressed asset from the American auto industry.

U.S. natural gas rig count climbs 14 to 726

The number of rigs drilling for natural gas in the United States climbed by 14 this week to 726, according to a report on Friday by oil services firm Baker Hughes in Houston.

Exxon restarted Baton Rouge FCC after work - trade

Exxon Mobil Corp has restarted a gasoline-making fluid catalytic cracker at its 503,000 barrel-per-day Baton Rouge, Louisiana, refinery after an unplanned shutdown late last week, traders said Friday.

Obama is surprise winner of Nobel Peace Prize

Barack Obama won the Nobel Peace Prize on Friday in a stunning decision that honored the first-year U.S. president more for promise than achievement and drew both praise and skepticism around the world.

U.S. trade gaps narrows unexpectedly

The U.S. trade gap narrowed unexpectedly in August as oil imports plunged and exports grew for the fourth consecutive month, a U.S. Commerce Department report showed on Friday.

Citigroup to offload Phibro, Hall to Occidental

Oil slips toward $71 on stronger dollar

Oil fell toward $71 a barrel on Friday, a stronger dollar outweighed a positive demand outlook from the International Energy Agency.

Giving Gardasil to boys not cost effective: study

Vaccinating boys against the virus that causes cervical cancer and genital warts does not appear to be cost-effective, U.S. researchers said on Thursday.

Clinton to talk Iran, Afghanistan on Russia trip

Iran and Afghanistan will dominate talks by U.S. Secretary of State Hillary Clinton next week on a trip to Britain and Russia that could also spur progress on a new nuclear arms reduction treaty with Moscow.

Obama humbled to win Nobel Peace Prize: official

U.S. President Barack Obama felt humbled to have been awarded the Nobel Peace Prize on Friday, a senior administration official said.

U.S. healthcare reform gathers steam in Congress

U.S. President Barack Obama's push for healthcare reform gathered steam on Thursday as a Senate panel scheduled a key vote for next week and Democrats in the House of Representatives moved closer to unveiling a bill.

General wants 40,000 more U.S. troops for Afghanistan

The top U.S. and NATO commander in Afghanistan has recommended an increase of 40,000 troops as the minimum necessary to prevail, two sources familiar with his recommendations said on Thursday.

Oil rises to $72 on positive demand outlook

Oil rose to more than $72 a barrel on Friday, as a positive demand outlook from the International Energy Agency outweighed a bounce in the dollar.

Wynn Macau debut cashes in on Asia gaming fever

Wynn Macau's strong debut in Hong Kong on Friday shows appetite for gambling stocks is strong despite high valuations, and will cheer U.S. casino rival Las Vegas Sands , which plans a listing later this year.

Stocks to slip at open as commodities retreat

Stocks headed for a lower open on Friday as a pullback in commodity prices weighed on natural resource shares after the U.S. dollar rebounded.

Key holiday sales forecast may prove 'overly optimistic': Gallup

If consumer spending doesn't pick up later this year, a key retail sales forecast for the Christmas holidays may miss the mark, according to Dennis Jacobe, the chief economist at polling group Gallup.

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