IBT Staff Reporter

Ally Financial is weighing a sale of all or part of its auto lending and banking businesses as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.

Wall Street stocks were set to open slightly higher Friday on optimism about Greece's bailout, but gains could be small as investors appeared ready to take a breather after the S&P 500 posted its best daily gain in two weeks.

Greece appears to be closing in on a new international rescue package despite unresolved doubts among euro zone partners about how fast it will manage to bring its debt down.

Consumer prices rose the most in four months in January as the price of gasoline jumped, highlighting a growing concern that higher energy costs could slow the economic recovery.

Stock index futures rose Friday on signs of progress in Greece's bailout, but gains were small as investors appeared ready to take a breather after the S&P 500 posted its best daily gain in two weeks.

Campbell Soup Co reported better-than-expected quarterly profit on Friday, citing progress in its plan to turnaround its sagging U.S. soup business.

Stock index futures were little changed Friday as investors were set to take a breather from a rally that pushed the S&P 500 to a nine-month high in the previous session.

Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.

Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.

Foxconn Technology Group, the top maker of Apple Inc's iPhones and iPads whose factories are under scrutiny over labor practices, has raised wages of its Chinese workers by 16-25 percent from this month, the third rise since 2010.

Asian banks are filling the void in the aircraft financing market left by squeezed European lenders, but Middle East tensions and the sheer scale of Asia's aviation growth look set to leave the industry's funding on a knife-edge, experts said.

Rupert Murdoch will address hostile journalists at his British newspaper arm Friday, many of them fearful after the recent arrests of senior staff at the mass-selling Sun tabloid over allegations of widespread criminality.

Capital flight, soaring borrowing costs, tanking currency and stocks and a central bank forced to pump vast amounts of cash into local banks -- that is what Japan may have to contend with if it fails to tackle its snowballing debt.

A group of traders and brokers had successfully managed to manipulate key interbank lending rates that affect loans around the world, one of the banks being investigated has told Canadian regulators, the Wall Street Journal reported on Friday.

World stocks rose near a six-month peak on Friday and the dollar hit a 3-1/2 month high against the yen as hopes for a long-awaited Greek bailout deal next week following on from strong U.S. data encouraged investors to buy riskier assets.

Apple's share of China's booming smartphone market slipped for a second straight quarter in October-December.

Until last October, farmers and fund managers rarely lost sleep over the extra money that they habitually maintained in their brokerage accounts, confident that it would be there the next morning.

Apple Inc's share of China's smartphone market slipped for a second straight quarter in the fourth quarter of 2011 amid competition from Chinese vendors and as some consumers delayed purchases to wait for the iPhone 4S launch.

Asian shares rebounded on Friday on signs that euro zone officials will soon approve a long-awaited bailout for Greece, and after jobs and factory data pointed to a healthier U.S. economy.

Twitter Inc. on Thursday formally launched a service to allow small businesses to buy and place ads on the online messaging platform.

President Barack Obama will stay focused on China on Friday with an announcement of streamlined financing for U.S. exporters that compete against foreign firms that are afforded unfair advantages, White House officials said.

It wasn't Sherry Hunt's original intent to go public on the shoddy quality control at a mortgage unit at Citigroup Inc , her employer since 2004.

China's top search engine, Baidu Inc, plans to begin monetizing its mobile search traffic and social media platforms this year in an effort to boost growth outside its traditional PC domain, Baidu's chief executive said on Friday.

China's top search engine, Baidu Inc, plans to begin monetizing its mobile search traffic and social media platforms this year in an effort to boost growth outside its traditional PC domain, Baidu's chief executive said on Friday.

One-legged millionaire Thomas Hartmann sentenced to 60 days in prison after hitting woman in the head with his Rolex watch.

New York state education officials and the state's teacher unions made a deal for teacher evaluations hours before a deadline set by Gov. Andrew Cuomo.

Hank Morris, who was convicted for his role in an extensive pay-to-play pension scam, will face at least another year in prison after being denied bail.

A computer science teacher with a previous history of sexual abuse was arrested Thursday on charges that he allegedly sexually abused two boys at the Queens elementary school where he worked.

A U.S. judge intends to schedule a retrial for this June between Oracle Corp and SAP AG over copyright infringement allegations, according to a court filing.