IBT Staff Reporter

Shares of Openwave Systems Inc rose 30 percent in pre-market trade on Friday, a day after the software maker reported a surprise first-quarter profit and announced that Microsoft Corp agreed to license itss patent portfolio.

Primero Mining (P.TO: Quote) posted a third-quarter profit, helped by strong gold prices, sending its shares up as much as 7 percent.

Canadian telecom network equipment maker DragonWave Inc (DWI.TO: Quote)(DRWI.O: Quote) will buy microwave technology business of Nokia Siemens Networks NOKI.UL in a deal potentially worth up to 110 million euros.

Shares of daily deals site Groupon Inc rose more than 50 percent in their stock market debut on Friday, but at least some of the early trading exuberance may have come from the small amount of shares offered.

Canadian housing starts are expected to stabilize into 2012, while sales of existing homes will rise slightly and price rises will moderate, Canada Mortgage and Housing Corp (CMHC) said in its quarterly outlook on Friday.

The Supreme Court of Canada blocked on Thursday the extradition to the United States of Abdullah Khadr, a Canadian wanted by Washington on terrorist charges

A manslaughter conviction against Michael Jackson's doctor would boost the late pop star's image and open opportunities for his estate in many markets, including family-oriented products, industry experts said.

CEO Andrew Mason is expected to make millions on the initial public offering of Groupon.

U.S. employment rose less than expected in October, but a drop in the jobless rate to a six-month low of 9.0 percent and upward revisions to prior months' job gains pointed to underlying strength in the labor market.

China on Friday dismissed a U.S. report on online spying as irresponsible, rejecting the charge that China uses cyber espionage to steal lucrative U.S. trade and technology secrets.

U.S. stocks fell in morning trading on Friday after two days of steep gains as richer nations appeared to back away from a European Union plan to broaden funding for a euro zone bailout fund.

House Majority Leader Eric Cantor (D-Va.) was the target of threatening phone calls Thursday, leading to the arrest of a Tennessee man.

Most expensive iPhones and iPads in the world - $8 million.

Groupon Inc raised $700 million after increasing the size of its initial public offering, becoming the largest IPO by an Internet company since Google Inc raised $1.7 billion in 2004.

Italy will allow the IMF to monitor its progress with long overdue reforms of pensions, labor markets and privatizations, European leaders announced on Friday, looking beyond the crisis in Greece to the far graver threat to the euro zone.

White House officials bristled on Thursday at the suggestion U.S. power within the G20 had been diminished by budget woes back home, as Europe looked toward an economically self-confident China for help.

Public health officials could use social media platforms like Twitter and Facebook to track contagious diseases, according to research published Tuesday.

European Central Bank policymaker Juergen Stark urged the bank on Friday to call an early halt to its bond-buying program, stressing it sees the plan as temporary even as it faces pressure to scale purchases up to tackle the euro zone crisis.

One of the women who accused Herman Cain of sexual harassment in the 1990s did so after Cain invited her back to his apartment, and she faced hostility from the National Restaurant Association after filing her complaint, The New York Times reported.

Stocks were set to drop at the open on Friday, and a mixed report on the U.S. labor market could make trading volatile.

Hewlett-Packard announced today that it was getting back into the tablet business with the launch of the Slate 2, a Windows 7-based device geared specifically towards enterprise users, with its expanded touch capabilities enhanced multitasking performance and embedded security. Pricing for the Slate 2 starts at $699, with the tablet expected to be available worldwide later this month.

Research in Motion (RIM) launched BBM Music this week, a music-sharing app a spokesman for the company has said evolves the mixtape. Seeking to capitalize upon - and perhaps revive - its BlackBerry Messenger network of 45 million users, RIM's newest app allows users to choose 50 songs from an extensive cloud-based library of content licensed from music giants Universal Music Group, Sony Music Entertainment, Warner Music Group and EMI, as well as from smaller independent labels.

Stocks were set to drop at the open on Friday, and a mixed report on the U.S. labor market could make trading volatile.

Private sector activity in the euro zone shrank at its fastest pace in 28 months in October as the debt crisis sapped new business and soured sentiment in an economy looking like it is heading into a slump, survey data showed on Friday.

EU regulators are investigating whether Samsung Electronics Co Ltd and Apple Inc have breached EU antitrust laws with patent infringement claims in their global legal battle, the European Commission said on Friday.

Private sector activity in the euro zone shrank at its fastest pace in 28 months in October as the debt crisis sapped new business and soured sentiment in an economy looking like it is heading into a slump, survey data showed on Friday.

U.S. employment rose less than expected in October, but a drop in the jobless rate to a six-month low of 9.0 percent and upward revisions to prior months' job gains pointed to underlying strength in the labor market.

Canada's economy unexpectedly ditched in October almost all the jobs gained the month before as a sluggish economy led to layoffs in manufacturing and construction, according to Statistics Canada on Friday.

Canada's largest carrier Air Canada reported a 12 percent drop in third-quarter operating income, hurt by higher fuel prices.