IBT Staff Reporter

The economic recovery is gaining momentum, though there are risks to the outlook including a weak job market and soft consumption, Atlanta Federal Reserve Bank President Dennis Lockhart said on Friday.

The U.S. brokerage arm of UBS AG shook up its leadership ranks on Friday, removing a layer of management under Chief Executive Officer Robert McCann and giving private wealth management head Jason Chandler a bigger role.

A series of blunders hit the market debut of BATS Global Markets Exchange Inc Friday, causing its own shares to erroneously trade for less than a penny and confusing investors.

New single-family home sales fell in February while prices jumped to their highest level in eight months, according to a government report on Friday that was the latest to paint a mixed picture of the housing market.

Nokia Siemens on Friday reached a deal with German unions to cut 1,600 jobs in Munich, part of the telecom equipment maker's ongoing restructuring program, which includes 17,000 job losses globally.

Morgan Stanley is interested in buying all of Citigroup Inc's stake in their wealth management joint venture this year in what could be a roughly $10 billion deal, said people familiar with Morgan Stanley management's thinking.

Morgan Stanley is interested in buying all of Citigroup Inc's stake in their wealth management joint venture this year in what could be a roughly $10 billion deal, said people familiar with Morgan Stanley management's thinking.

ZTE Corp, China's second-largest telecommunications equipment maker, said it will curtail its business in Iran following a report that it had sold Iran's largest telecom firm a powerful surveillance system capable of monitoring telephone and Internet communications.

ZTE Corp, China's second-largest telecommunications equipment maker, said it will curtail its business in Iran following a report that it had sold Iran's largest telecom firm a powerful surveillance system capable of monitoring telephone and Internet communications.

When Samsung Electronics rushed its first smartphone to market in a panicky response to the smash-hit debut of the Apple iPhone, some customers burned the product on the streets or hammered it to bits in public displays of disaffection.

ZTE Corp, China's second-largest telecommunications equipment maker, said it will curtail its business in Iran following a report that it had sold Iran's largest telecom firm a powerful surveillance system capable of monitoring telephone and Internet communications.

Stocks mostly inched higher on Friday as rising energy shares offset early weakness, though the S&P 500 remained on track to break a five-week streak of gains.

Stocks edged lower on Friday, keeping the S&P 500 on track for its first weekly decline in six weeks as housing-related stocks fell after data showed a drop in single-family home sales.

Rovio is working on getting its new Angry Birds Space game to Microsoft's Windows Phone 7 platform (WP7), its chief executive said on Friday, putting Nokia and other Windows phones more on a par with the iPhone.

Labor leaders at Opel, General Motors' loss-making European unit, on Friday urged management to return to the negotiating table and thrash out a compromise before a board meeting next week that could otherwise result in a move to close two vehicle plants.

Zynga Inc shareholders will sell Class A shares worth about $591 million, with founder and CEO Mark Pincus alone set to reap about $227 million based on Thursday's closing price.

Stocks opened flat on Friday, though the S&P 500 was on track to end a five-week winning streak after equities suffered their worst percentage drop in two weeks in the previous session.

Labour leaders at Opel, General Motors' loss-making European unit, on Friday urged management to return to the negotiating table and thrash out a compromise before a board meeting next week that could otherwise result in a move to close two vehicle plants.

The Federal Reserve should be wary about over-committing to an ultra-easy monetary policy that has served the economy well in recent years but could be detrimental eventually, a top Fed official said on Friday.

Google rushed out its panoramic Street View maps in Thailand on Friday as part of the country's efforts to show tourist hot spots have recovered from last year's floods.

U.S. stock index futures were little changed on Friday after equities suffered their worst percentage drop in two weeks, with the S&P 500 on track for its first decline in the past six weeks.

If you're waiting for the next meltdown in U.S. stocks or in commodities, you may want to get over it.

Stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 up 0.1 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures 0.4 percent higher at 1040 GMT.

Saudi Arabia will be able to pump enough oil to compensate for any loss of Iranian output caused by Western sanctions, the head of the International Energy Agency said on Friday.

Global oil supply outages are running at more than a million barrels a day, a Reuters survey has found, helping provide justification for the United States and Britain should they release strategic reserves in a bid to cut oil prices.

Credit Suisse said it will resume issuance of shares of a controversial leveraged exchange-traded product that roiled markets a month ago.

Japan's financial regulator has stripped AIJ Investment Advisors of its registration as an asset manager after the company was unable to account for the bulk of $2.4 billion in pension funds, Financial Services Minister Shozaburo Jimi said.

Teen retailer Hot Topic Inc said it has sold out some of its merchandise for The Hunger Games even before the highly anticipated, post-apocalyptic film opens in theaters on Friday.

An Oracle Corp. investor sued the company and members of its board of directors on Thursday for allegedly trying to stonewall a whistleblower lawsuit that ultimately resulted in a $200 million settlement.