IBT Staff Reporter

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Wall Street rebounds but ends lower for week

Stocks rallied on Friday after a week of volatility, but light trading volume suggested investors are still reluctant to make big bets due to turmoil in the Middle East and Japan's nuclear crisis.

NRC: Seismic Refits Not Yet Needed

The Nuclear regulatory Commission has no plans to retrofit existing nuclear power plants due to seismic hazards, despite an increase in measured seismic risk at some sites.

G7 central banks in rare currency action after yen surge

A coordinated move by central banks of rich nations to stabilize the yen appeared to be working on Friday, tamping its value down after Japan's devastating earthquake and nuclear crisis triggered a yen surge and raised fears about the global economy.

Letter tied to Hurd's HP ouster to be unsealed

A letter that had prompted Mark Hurd's abrupt resignation as chief of Hewlett-Packard Co was ordered unsealed by a Delaware judge, potentially revealing more details of his dramatic exit last year.

Continental recalls tires on Ford pickups

Continental AG's North American unit is recalling about 391,000 tires, most of which were put on new Ford Motor Co F-250 and F-350 heavy duty pickup trucks, U.S. regulators said on Friday.

BB&T raises dividend 6.7 pct after stress test

BB&T Corp raised its quarterly dividend 1 cent and will pay a special 1 cent dividend in the second quarter, becoming one of the first U.S. banks to raise its dividend after finishing a second round of regulatory stress tests by the Federal Reserve.

Wall Street gains on G7 yen action and bank shares

Stocks advanced on Friday after the Group of Seven intervened to support the Japanese yen and major banks were cleared to pay dividends again, but investors are unlikely to make big bets heading into the weekend.

Cisco to pay first-ever quarterly dividend

Top network equipment maker Cisco Systems Inc plans to pay a dividend for the first time, helping appease investors' concerns about slowing growth by returning more of its ample cash hoard.

Gold Unwinds Weekly Drop as Real Interest Rates Plunge

Prices to Buy Gold rose above $1418 per ounce Friday lunchtime in London, reversing this week's earlier 2.4% drop as crude oil fell and world stock markets rose further after news of an immediate cease-fire by the Gaddafi regime in Libya, prompted by the United Nations' no fly zone agreement.

Central banks launch rare currency action

A coordinated move by central banks of rich nations to stabilize the yen's value appeared to be having a decisive effect on Friday, after a sharp rise in the yen after Japan's devastating earthquake and nuclear crisis raised fears about the global economy.

Angry Birds developer takes aims at New York IPO

Rovio, the developer of the Angry Birds mobile game, plans a U.S. initial public offering in the next five years, a move that could give investors a chance to tap into the fastest growing segment of the video game industry.

Cisco to pay first cash dividend

Cisco Systems Inc plans to pay a cash dividend to shareholders for the first time, helping appease investors' concerns about its growth and eroding margins and sending its shares up nearly 3 percent.

Work begun on first Windows Nokia phones: Elop

Work has begun on the first Nokia Oyj smartphones based on Microsoft Corp software following the partnership announced by the companies last month, Nokia Chief Executive Stephen Elop told Reuters.

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