IBT Staff Reporter

China's factory activity picked up in September for a second month in a row and export orders strengthened, offering some reassurance that the world's second-largest economy can weather the global economic turmoil.

Global stocks closed their worst quarter in nearly three years on Friday on nagging concerns about the world economy and the lack of a credible solution to Europe's debt crisis.

Global stocks closed their worst quarter in nearly three years on Friday on nagging concerns about the world economy and the lack of a credible solution to Europe's debt crisis.

A U.S. federal judge dismissed part of a case brought by European bond investors accusing Citigroup Inc. and its directors of misrepresenting or failing to disclose Citi's exposure to toxic mortgage assets and its own solvency.

A U.S. federal judge dismissed part of a case brought by European bond investors accusing Citigroup Inc and its directors of misrepresenting or failing to disclose Citi's exposure to toxic mortgage assets and its own solvency.

Stocks ended their worst quarter since the depths of the 2008 credit crisis, crippled by Europe's debt debacle, a U.S. credit downgrade and a sputtering global economy.

Stocks ended their worst quarter since the depths of the 2008 credit crisis, crippled by Europe's debt debacle, a U.S. credit downgrade and a sputtering global economy.

A joint venture of Hitachi Ltd and LG Electronics Inc has agreed to plead guilty and pay a $21.1 million fine for bid-rigging and price-fixing in the sale of optical disk drives, the Justice Department said on Friday.

Consumers struggled to make ends meet in August as incomes fell for the first time in nearly two years, while a surge in Midwest manufacturing this month provided one bright spot in an otherwise weak economy.

Eastman Kodak Co shares lost more than half their value on Friday as the company hired a law firm well-known for bankruptcy cases, triggering speculation that the photography pioneer could file for bankruptcy.

Freight carrier Cargolux Airlines International SA has resolved a dispute that delayed its acceptance of the first Boeing Co 747-8 freighter, and will now take delivery of the plane around October 12, the head of Qatar Airways, one of Cargolux's major shareholders, said on Friday.

AT&T Inc has asked a U.S. court to dismiss cases brought by rivals Sprint Nextel Corp and Cellular South against AT&T's proposed $39 billion purchase of T-Mobile USA.

Amazon.com Inc's new tablet computer costs $209.63 to make, IHS iSuppli estimated on Friday, but will sell for $199, highlighting how the e-commerce company is taking a financial hit upfront to get the device into as many hands as possible.

Eastman Kodak Co shares lost two-thirds of their value on Friday as the company hired a restructuring advisory firm, triggering speculation that the photography pioneer was about to file for bankruptcy.

From churches that melt away to those on wheels, this list covers the bases on the most unusual chapels and places of prayer.

AT&T Inc has asked a U.S. court to dismiss a Sprint Nextel case against AT&T's proposed $39 billion purchase of T-Mobile USA.

Morgan Stanley shares fell 10.5 percent on Friday, far more than comparable financial stocks, on concerns about its exposure to European banks.

This past quarter was miserable for bullish U.S. stock investors. The bad news is, things may get worse before they get better.

The Republican chairman of a congressional oversight panel has asked Ford Motor Co to explain why it pulled a TV commercial critical of the Obama administration's auto bailout.

A government crackdown on debit card swipe fees is unlikely to benefit consumers' wallets, as banks seek makeup fees and retailers take the savings down to their own bottom line.

JPMorgan Chase & Co and Bank of America Corp were hit with new lawsuits by investors claiming losses on $4.5 billion of soured mortgage debt, adding to litigation targeting the two largest U.S. banks.

Securities and Exchange Commission staff found apparent failures at each of the 10 credit rating agencies they examined, including Standard & Poor's, Moody's, and Fitch, the agency said on Friday in its first annual report on credit raters.

Hate mornings, especially on Mondays? You may be surprised to know that much of the world doesn't share that grumpy feeling.

French President Nicolas Sarkozy said on Friday he would meet German Chancellor Angela Merkel in the coming days in Germany to discuss Greece's debt troubles, calling support for Greece a moral obligation for Europe.

Bayer-drug Xarelto, or rivaroxaban, a standard blood thinning therapy, reduced the rate of heart attacks, strokes, myocardial infarction, and cardiovascular death in a study involving acute coronary syndrome (ACS) patients, the company said late Thursday.

Morgan Stanley won dismissal of a government pension fund lawsuit accusing it of defrauding investors in $1.2 billion of risky mortgage debt that it expected to fail.

Shares in Eastman Kodak Co. fell almost 60 percent on Friday on reports the company had hired a restructuring adviser.

The U.S. Securities and Exchange Commission's inspector general has concluded that Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, was not targeted inappropriately by agency staff in its insider trading probe against him.

Stocks were on course for their worst quarter in three years on Friday as economic data from China and Europe fueled fears of a global economic slowdown while Morgan Stanley plummeted on concerns about its exposure to European banks.