UNITED STATES

The colossal water cistern set in a clearing in a hilly, heavily forested area can hold 25,000 liters of water — enough to irrigate a major food farm.

UBS AG's Chief Executive Oswald Grubel wants to run the Swiss bank's U.S. brokerage unit for at least three years and sell it later at some point, CNBC said on Friday.

In landing the first big mandate from Sanofi since the French drugmaker switched chief executives, U.S. boutique Evercore Partners gets some $13 million of fees and a league-table boost.

CDC Software Corp is hoping to ride the wave of well-received Chinese public stock offerings in the United States, but its estimated $57.6 million IPO could be hurt by weakness in the market for corporate software.

Bank of America Corp said on Friday three directors had resigned, the latest in a series of departures at the bank at a time when it is shaking up its board at the behest of the government.

General Electric Co said on Friday it had renewed its agreement to provide Wal-Mart Stores Inc's private-label credit cards for the next six years, in a move the biggest U.S. conglomerate said signaled its commitment to the credit card business.

The U.S. Federal Deposit Insurance Corp launched the first test of its Legacy Loans Program that could eventually help banks rid their balance sheets of toxic assets so they can raise new capital and increase lending, the agency said on Friday.

Ex-Qwest Chief Executive Joseph Nacchio could get his six-year prison sentence and $52 million penalty for insider trading reduced, after an appeals court said on Friday he was improperly sentenced.

Honda is expanding a recall of three of its models to 440,000 vehicles because of a potential flaw in the airbag inflator, officials said Friday, adding that the recall started in November.

A Cayman Islands court has frozen $9.2 billion of assets belonging to Saad Group, the Saudi Arabian investment firm at the center of a financial storm, including some of its equity stakes outside the Gulf.

The successful Cash for Clunkers program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.

The worldwide economy is in the doldrums and jobless numbers are rising but it hasn't stopped people from taking cruises to get away from it all.

The Philippines's former President Corazon Aquino, whose people power revolution swept dictator Ferdinand Marcos from power in the Philippines, died on Saturday after a 16-month battle against colon cancer, her family said. She was 76.

Despite of the economic crisis, major utility companies in the United States including American Electric Power Co, Dominion Resources and Constellation Energy Group, reported Friday its second quarter earnings surpassed Wall Street expectations.

The sharp contraction in the U.S. economy seems to be ending but recovery will be slow with risks still looming from the weak labor and housing markets, the International Monetary Fund said on Friday.

The S&P 500 ended its best five-month streak since 1938 with a slight gain on Friday as government data showed softness in consumer spending but reinforced expectations that the economic slump is abating.

Illinois Attorney General Lisa Madigan filed suit on Friday against Wells Fargo & Co , accusing the second-largest mortgage lender of steering blacks and Latinos into high-cost subprime loans.

The successful Cash for Clunkers program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.

The U.S. Congress moved to triple the funding for the government's successful Cash for Clunkers auto rebate program, which has brought car buyers back into showrooms and raised the outlook for an industry beset by abysmal sales, bankruptcies and job cuts.

The U.S. Congress moved to triple the funding for the government's successful Cash for Clunkers auto rebate program, which has brought car buyers back into showrooms and raised the outlook for an industry beset by abysmal sales, bankruptcies and job cuts.

New criminal charges have been filed against two former WexTrust Capital LLC executives accused of running a $255 million Ponzi scheme that targeted Orthodox Jews.