IBT Staff Reporter

A surge in mortgage banking income lifted Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concern that the bank is falling behind on its drive to cut expenses.

Stocks fell on Friday on renewed concerns about the euro zone after the cost of insuring Spanish debt against default hit a new high.

Consumer sentiment slipped modestly in early April as higher gasoline prices hit household budgets but optimism over the economic outlook lifted consumers' expectations, a survey released on Friday showed.

Stocks fell Friday on disappointing Chinese economic data and renewed concerns over Spain's rising borrowing costs.

Deutsche Telekom is considering a bid for regional cable company Tele Columbus to shore up its position in its key home market against competition from rivals Liberty Global and Kabel Deutschland, sources told Reuters.

As the U.S. presidential campaign took shape this week, Mitt Romney's staff made what it hopes will be a momentous move: Ann Romney, the candidate's wife, joined Twitter.

Consumer prices rose modestly in March as falling electricity costs countered higher gasoline prices, boosting the view the U.S. Federal Reserve has room to provide more support for the economy if needed.

Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data, and banks fell after quarterly results.

Stocks were set to fall at the open on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data.

Russian state oil firm Rosneft will gain access to unconventional hydrocarbon resources in North America in exchange for access to Russia's Arctic offshore when it finalizes a joint venture deal with ExxonMobil on Monday, industry sources said on Friday.

Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data, and banks fell after quarterly results.

U.S. consumer prices rose modestly in March as falling electricity costs countered higher gasoline prices, boosting the view the U.S. Federal Reserve has room to provide more support for the economy if needed.

Speculation that China's weakest quarter of annual economic growth since the global financial crisis will trigger a flood of policy support to fight the downturn misses a crucial point - the taps are already turned on.

Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data, and banks fell after quarterly results.

JPMorgan Chase & Co's first-quarter profit fell 3 percent as recent improvement in trading and deal-making failed to lift investment banking revenue to year-earlier levels, but results still beat Wall Street expectations.

Oracle Corp is set to go to trial next week against Google Inc in a high-stakes dispute over smartphone technology, the biggest case in what is shaping up to be an intense year in court for the enterprise software giant.

Japan's market watchdog on Friday recommended the Financial Services Agency fine Olympus Corp <7733.T> about 200 million yen ($2.5 million) for false accounting in one of the country's biggest corporate scandals.

Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after Chinese data that had fueled the previous day's rally disappointed.

A British parliamentary report into a phone hacking scandal may lead eventually to News Corp being forced into cutting or selling its stake in the highly profitable pay-TV firm BSkyB, having already dropped its bid to buy it outright last year.

India's Infosys Ltd disappointed investors on Friday with a weaker-than-expected revenue growth outlook due to an uncertain global economy, sending its shares plunging more than 12 percent in their biggest fall in nearly three years.

China's economy grew at its slowest in nearly three years in the first three months of 2012, with a weaker than expected reading raising investor concerns that a five-quarter long slide has not bottomed and that more policy action would be needed to halt it.

Infosys Ltd , India's No.2 software services exporter, posted a 27.4 percent rise in quarterly profit on Friday, but forecast lower-than-expected revenue growth for the current fiscal year due to an uncertain global economy and currency volatility.

China's economy grew at its slowest in nearly three years in the first three months of 2012, with a weaker than expected reading raising investor concerns that a five-quarter long slide has not bottomed and that more policy action would be needed to halt it.

Google Inc announced a stock split designed to preserve the control of co-founders Larry Page and Sergey Brin over the world's No. 1 Web search engine, asking investors to trust their long-term vision.

Goldman Sachs agreed to pay $22 million to settle civil charges arising from company procedures that created the risk select clients would receive market-sensitive information, such as changes to Goldman's recommendation lists and its ratings of stocks.

Imagine a kiosk inside a Macy's Inc store that pulls up customer reviews and lets shoppers pay on the spot, or an electronic concierge in the cosmetics section that can recommend skin care products across brands in the store that can best help with a blemish.

U.S. stocks scored a second day of solid gains on Thursday, led by materials and energy stocks, as investors set aside weak figures on the domestic labor market.

Best Buy Co's board expects to take six to nine months to find a permanent replacement for CEO Brian Dunn, who resigned abruptly earlier this week.

U.S. Federal Reserve officials, out on a speaking spree on Thursday, suggested the economy would have to deteriorate for the central bank to consider additional monetary stimulus.