MARKETS / FINANCE

Larry Page should put in a call to Bill Gates.

Citigroup Inc director Jerry Grundhofer resigned from the New York bank's board, the company announced on Friday.

The trustee seeking money for Bernard Madoff's victims filed an amended complaint on Friday more than tripling the amount of damages he is seeking to recover from JPMorgan Chase & Co, once the imprisoned Ponzi schemer's main bank.

Wall Street dropped for a third day on Friday on worries about the Italian banking sector and Greece's debt crisis, but the S&P 500 managed to hold its 200-day moving average in a sign buyers still see value.

Top venture-capital firm Kleiner Perkins Caufield & Byers is considering creating a specialized fund that focuses on cloud-based technologies.

Wall Street dropped for a third day on Friday on worries about the Italian banking sector and Greece's debt crisis, but the S&P 500 managed to hold its 200-day moving average in a sign buyers still see value.

Cyber hackers have breached an Electronic Arts Inc website and may have taken user information such as birth dates, phone numbers and mailing addresses, the company said on its website on Friday.

Valuable broadband and networking patents developed by bankrupt Nortel Networks go up for sale next week, with tech giants like Google, Apple and Intel heading the list of would-be buyers.

Stocks headed for three days of losses on Friday on worries about the Italian banking sector and Greece's austerity plan, but the S&P 500 managed to hold its 200-day moving average in a sign of market strength.

U.S. antitrust regulators have started a formal investigation into whether Google Inc abuses its market power by favoring its own services over those of rivals in online searches and through other practices.

European banks and insurers moved closer on Friday to a voluntary rollover of their Greek government debt holdings, hoping to get around rating agencies' reservations and avoid a Greek default.

U.S. antitrust regulators told Google they opened a formal investigation into whether the dominant search company illegally abuses its market power.

Baidu Inc, China's top search engine, is buying the country's leading travel website Qunar to strengthen its foothold in the competitive Internet sector.

Stocks dropped on Friday as worries about the Italian banking sector added to anxiety emanating from Europe about passage of a Greek austerity plan, and the S&P 500 once again tested a key technical level.

Complex antitrust questions hang over Deutsche Boerse AG and NYSE Euronext just weeks before shareholders decide whether to endorse a blockbuster exchange merger, though no significant regulatory fixes are expected.

New orders for U.S. manufactured goods and a gauge of business spending plans rose in May, easing fears of a sharp slowdown in factory activity.

Stocks dropped on Friday as worries about the Italian banking sector added to anxiety emanating from Europe about passage of a Greek austerity plan, and the S&P 500 once again tested a key technical level.

New orders for long-lasting U.S. manufactured goods rose more than expected in May as bookings for transportation equipment rebounded strongly, according to a government report on Friday that could allay fears of a sharp slowdown in factory activity.

EU leaders appointed Italy's Mario Draghi as the next president of the European Central Bank on Friday and said another Italian would step down from the ECB's Executive Board early to smooth the process.

The S&P fell about 1 percent on Friday, moving closer to a key technical level, as worries about the Italian banking sector added to the uncertainty over passage of a Greek austerity plan.

A U.S. appeals court on Friday revived a lawsuit by bondholders of the failed Washington Mutual Bank who are challenging the thrift's seizure by the FDIC and sale to JPMorgan Chase & Co .

Stocks fell on Friday as worries about the Italian banking sector added to uncertainty about passage of a Greek austerity plan, and the S&P 500 again tested a key technical level.

Private equity firms KKR and Silver Lake are in talks to buy Internet domain site GoDaddy.com and a deal could be more than $2 billion, two sources familiar with the matter said on Friday.

J.D. Power and Associates forecast that June U.S. auto sales will rise 8 percent from a year ago and 2.6 percent from last month, in line with statements earlier this week from General Motors Co and Ford Motor Co executives.

Stock index futures pared losses and were nearly flat on Friday after trading in some Italian banks was briefly suspended, raising new fears about the European debt crisis.

After a massive data breach last month, Citigroup did not offer its hacked clients the same degree of identity-theft protection that many other companies provide, drawing criticism from privacy advocates.

Wall Street was set for a slightly higher open on Friday after data showed durable goods orders rose more than expected in May, a report that could allay fears of a sharp slowdown in factory activity.

Oil's sharp sell-off paused on Friday as the impact of a surprise announcement of emergency fuel stocks from consumer nations faded.

EU leaders appointed Italy's Mario Draghi as the next president of the European Central Bank on Friday but it was unclear whether another Italian on the ECB's Executive Board would step down to smooth the process.