UNITED STATES

Washington Mutual Inc on Friday asked a U.S. bankruptcy court to let it probe whether JPMorgan Chase & Co had unlawfully damaged its former thrift unit's assets in order to buy it on the cheap, at $1.9 billion, last September.

U.S. Airways, Continental Airlines and United Airlines parent UAL Corp temporarily cut service to Mexico on Friday, citing lower demand for flights to the country hardhit by a flu outbreak.

Fiat's lifeline to Chrysler has cast it in the unlikely role of saviour of the U.S. car industry but a further deal with Opel might be a bridge too far.

Citigroup Inc may need to generate up to $10 billion in new capital to meet the requirements of the U.S. government's stress tests, the Wall Street Journal reported on its website on Friday,

United Airlines parent UAL Corp said on Friday it would temporarily cut service to Mexico, becoming the second major U.S. airline to curb service to the country hit hard by a flu outbreak.

The cybersecurity chief named to battle Internet viruses and larger challenges facing the information technology networks used by U.S. companies and national defense should be based in the White House, experts told a congressional panel on Friday.

The federal government shut down Atlanta-based Silverton Bank on Friday, dealing a blow to a “bankers bank” with 1,400 client banks in 44 states, Federal regulators said today.

U.S. banking regulators seized Silverton Bank of Atlanta on Friday, a bank that provided services to other banks, the biggest bank failure so far this year.

As of the World Health Organization reports Friday, there are 11 countries and 331 cases were confirmed to have been infected with the influenza A (H1N1).

U.S. auto sales fell 34.4 percent in April as the industry held near the lowest levels in nearly 30 years and closed out the month with Chrysler LLC filing for bankruptcy protection.

Alaska governor Sarah Palin rejected $28.6 million from the federal government's stimulus package destined for the State Energy Program because she said Alaska has conditions that are not conducive to a federally mandated universal energy code, she said.

The U.S. Congress will make enough progress on climate change legislation this year to boost prospects for success at December's Copenhagen summit on cutting greenhouse gases, Senate Majority Leader Harry Reid predicted on Friday.

The true dimensions of the U.S. credit crisis will become much clearer next week with the release of results from unprecedented government stress tests of the nation's 19 largest banks and their capital needs.

U.S. consumers felt much more upbeat about the economy in April, a month when the country's battered manufacturing sector also appeared to be crawling out of a deep recessionary hole, reports showed on Friday.

U.S. stocks rose on Friday as surging oil prices pushed energy shares higher and fresh economic data suggested key parts of the economy could be stabilizing.

Tiffany & Co said on Friday it is buying bankrupt U.S. handbag maker Lambertson Truex as the high-end jeweler seeks to expand its array of leather goods.

Ford Motor Co on Friday posted a 31.6 percent decline in U.S. sales for April as the economic downturn continued to pressure the industry.

Mexican officials voiced hope on Friday they were getting a handle on an outbreak of a new flu strain as doctors sought to understand how dangerous it is, how far it might spread and where it came from.

U.S. Vice President Joe Biden will visit Bosnia, Serbia and Kosovo during the week of May 18, focusing on a region that so far has not been high on the Obama administration's foreign policy agenda.

U.S. Secretary of State Hillary Clinton said on Friday she expected intense sessions when the presidents of Afghanistan and Pakistan come to Washington for three-nation talks next week.

Ford Motor Co on Friday posted a 31.6 percent decline in U.S. sales for April as the economic downturn continued to pressure the industry.