UNITED STATES

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Supreme Court Justice Souter plans to retire

U.S. Supreme Court Justice David Souter plans to retire, giving President Barack Obama his first chance to make an appointment to the nation's highest court, a government official said.

Disney joins Hulu video site

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Walt Disney Co will buy a 30 percent stake in Hulu.com, bringing popular TV shows such as Lost and Grey's Anatomy to the video website founded by NBC Universal and News Corp.

Stock futures rise on economic hopes

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Stock index futures pointed to a higher open on Friday on optimism the economic slump is waning, but a reassessment of the recent sharp market run-up could keep gains in check.
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Chrysler files for bankruptcy; inks Fiat deal

Chrysler LLC filed for bankruptcy on Thursday and announced an industry-changing deal with Fiat, after being pummeled by sliding auto sales and unable to reach agreement on restructuring its debt.
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Fiat CEO eyes Opel deal after Chrysler: report

Italian automaker Fiat SpA's next project is a deal with Germany's Opel after a landmark alliance with U.S. car maker Chrysler, Fiat's chief executive said in an interview published on Friday.
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Citi to use Nikko sale to ease stress test demands: report

Citigroup Inc executives are using the sale of its Japanese retail brokerage Nikko Cordial to ease demands from the U.S. stress tests on banks, arguing the sale of non-core assets such as Nikko would strengthen its balance sheet, the Financial Times reported, citing people close to the matter.
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Japan at 4-month high on global economy hopes

Japanese stocks struck a four-month closing high on Friday and higher-yielding currencies held gains as investors favored riskier assets, with improvements in Chinese manufacturing and South Korean exports adding to evidence of a global economy on the mend.
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Switzerland asks U.S. court to halt UBS tax case

Switzerland urged a U.S. court on Thursday to reject demands by U.S. tax authorities for information about U.S. clients of UBS AG, saying disclosure would violate its sovereignty and international law.
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Mexico's Pemex keeps operations active despite swine flu alarm

Mexico's state owned oil and gas company Pemex maintains operations on its production, distribution, storage, offshore terminals and export facilities despite a federal government call to suspend all non essential economic activities to avoid the propagation of the swine flu virus.
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Freddie Mac pays 2008 bonuses, honors Kellermann's

Freddie Mac, the U.S. mortgage finance giant, on Thursday said it paid $1.3 million in retention bonuses to three executives in late 2008 and so far this year, including a full payout of the award promised to its acting chief financial officer before his shocking death, according to a Securities and Exchange Commission filing.
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BofA board not planning to oust Lewis: report

Bank of America Corp's board is not planning to remove Chief Executive Kenneth Lewis after he was ousted as chairman under shareholder pressure, the Wall Street Journal reported on its website on Thursday.
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UBS asks U.S. court to drop tax evasion case

UBS AG asked a U.S. court on Thursday not to proceed with a high-profile tax evasion case brought against it by the U.S. Internal Revenue Service, saying the case would violate Switzerland's strict bank secrecy laws.
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MBIA sues Merrill over CDO losses

MBIA Inc , the world's largest bond insurer, sued Merrill Lynch & Co on Thursday seeking damages for losses from complex debt securities it insured for the bank.
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U.S. House acts to protect credit card users

The U.S. House of Representatives overwhelmingly voted on Thursday in favor of legislation to protect credit card users from hidden fees, sudden interest rate hikes and questionable billing practices.
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HUD chief sees early signs of housing turnaround

The U.S. housing market is showing some early signs of a turnaround, but its too early to say if a full recovery is underway, Housing and Urban Development Secretary Shaun Donovan said on Wednesday.
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U.S. jobless claims fall; incomes, spending ease

The number of U.S. workers filing new claims for unemployment aid fell unexpectedly last week, suggesting the pace of layoffs was easing, even as benefit rolls in mid-April swelled to another record high.

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