IBT Staff Reporter

Stocks posted seven straight sessions of losses on Friday, ending the worst week in two months, as the lack of a credible solution to Europe's debt crisis kept investors away from risky assets.

Stocks posted seven straight sessions of losses on Friday, ending the worst week in two months, as the lack of a credible solution to Europe's debt crisis kept investors away from risky assets.

Retailers were hoping for more shoppers like Shawn Elzia as the annual Black Friday bargain stampede marked the unofficial start of what is widely expected to be a middling holiday shopping season.

The Canadian government is open to the idea of including additional economic stimulus in its next budget if the European debt crisis threatens to derail the country's relatively successful recovery.

A crew member has died on the set of the movie G.I. Joe 2: Retaliation in an unusual accident, the studio said on Wednesday.

Shares of the Chicago-based daily deals site fell once again Friday, closing down 0.88 percent to $16.81. Shares fell as low as $16.20 earlier in the day before the price went up near market close.

Michele Bachmann can add a broadcast network apology to her Thanksgiving list of things to be thankful for.

SAC Capital Advisors hedge fund manager Steven A. Cohen is planning a bid for the Los Angeles Dodgers, The Wall Street Journal reported on Thursday.

LONDON, Nov 25 - European companies are in for a tough time next year. The euro zone debt crisis is sparking caution on all fronts, as consumers keep their cash in their pockets, corporate treasurers take a knife to investment plans and investors desperately seek a haven for their wealth.

It is believed that Roman Abramovich is prepared to stick with Andre Villas-Boas and allow him the funds to continue his team rebuilding process, during the January transfer window.

Verizon Communications must pay up to $11 million a month in royalties to San Jose-based ActiveVideoNetworks for providing FiOS TV customers with video-on-demand service found to violate patents, a U.S. District Court ruled.

Italy paid a record 6.5 percent to borrow money over six months on Friday and its longer-term funding costs soared far above levels seen as sustainable for public finances, raising the pressure on Rome's new emergency government.

Tens of thousands of Egyptians demanding an end to military rule packed Cairo's Tahrir Square on Friday in the biggest turnout during a week of protests and violence that has killed 41 people.

German patent firm IPCom said on Friday it plans to ban as quickly as possible the sale and distribution of all HTC 3G devices in Germany following an earlier ruling against the Taiwanese firm.

Stocks rose in thin trade on Friday, rebounding from six days of losses as a buoyant start to the holiday shopping season offset some concerns about the euro zone's debt crisis.

China is set to embrace Canada's offer of more crude, heating up competition with the United States as the world's top two oil consumers jostle to secure supplies and meet ravenous demand.

Coffee and doughnut chain Tim Hortons is closing its Kandahar outlet after five years in the war zone, shuttering its store on a Canadian military base as the country's troops leave Afghanistan.

The Canadian dollar touched its lowest level in more than 7 weeks against the U.S. dollar on Friday as record borrowing costs for Italy stoked fears that the euro zone's spiraling debt crisis would lead to a break-up of the currency bloc

The Ontario Teachers' Pension Plan has shelved plans to sell its 80 percent stake in Maple Leaf Sports and Entertainment Ltd, which owns Toronto's National Hockey League and National Basketball Association teams.

Retailers may not reap hefty gains from the longer lines of shoppers snaked around malls across the U.S. at the traditional post-Thanksgiving start of the holiday shopping season; broader bargain hunting driven by budgetary fears may depress overall holiday spending.

A behind-the-scenes tussle for control over a 7.5 billion euro ($10 billion) share sale by Italy's Unicredit has shown how increasingly tense market conditions are driving a wedge between investment banks.

Europe has still not found a solution to its sovereign debt crisis that would restore investor confidence, European Commission President Jose Manuel Barroso said on Friday, advocating greater integration as the way to move forward.

Stocks rose on Friday, on course to snap a six-session losing streak, as a buoyant start to the holiday shopping season helped offset fears about the euro zone's debt crisis after another leap in Italian bond yields.

Global supermarket chains welcomed a long-awaited invitation from India to invest in the country's $450 billion retail market, but they fear the small print may keep a lid on investment in the short term.

Mitt Romney, the former governor of Massachusetts and a front-runner for the Republican presidential nomination, has been accused of flip-flopping on a number of issues. So what are his political positions?

Euro zone member states are discussing dropping private sector involvement from the permanent bailout mechanism that is due to come into force in 2013, four EU officials said on Friday.

Unnerved by a second profit warning in a month, investors sent HTC Corp shares tumbling for a second straight day on Friday on concern the world's No.4 smartphone maker may be running out of ideas in an increasingly competitive market.

Stock index futures pointed to a seventh straight session of losses on Friday, their longest losing streak in four months, as fears about the euro zone's debt crisis overshadowed what appeared to be a buoyant start to the holiday shopping season.

The British ex-CEO of Japan's Olympus Corp emerged from a frosty meeting of directors on Friday convinced its board would eventually quit over an accounting scandal engulfing the firm, but he said he wasn't begging to return and clean up the mess.