Wall Street set for bumper week as economy fears ease
Wall Street was set to close out its best week in six on Friday after recent economic data, including a stronger-than-expected jobs report, showed the U.S. economy may be in better shape than thought.
Kia recalls 56,000 Souls, Sorentos in U.S., S. Korea
Kia Motors <000270.KS> said on Friday it had started a recall of some 56,000 Soul and Sorento vehicles sold in the United States and South Korea due to defective wiring harnesses that could cause fires.
China orders state firms to explore Potash bid
Chinese officials have ordered state-owned companies to meet with investment bankers to explore potential options to block BHP Billiton's $39 billion (25 billion pounds) bid for Canada's Potash Corp , according to a source with direct knowledge of the matter.
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Brazil oil firm Petrobras plans $65 billion stock sale
Brazilian state oil company Petrobras will sell up to $64.5 billion in new stock -- one of the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan.
China tells state firms to explore Potash bid: source
Chinese officials have ordered state companies to meet investment bankers to explore ways to block BHP Billiton's $39 billion bid for Potash Corp, a source with direct knowledge of the matter said.
Police disperse rioters in new Mozambique protests
Mozambique police fired rubber bullets and teargas at demonstrators on Friday as rioting flared in the capital following two days of protests over high bread prices that saw seven people killed and hundreds injured.
Afghan poll fears grow after another candidate hurt
Concerns over security and transparency in Afghanistan's parliamentary election grew on Friday after another candidate was attacked and a German observer sought to temper expectations of the poll.
Upbeat U.S. jobs report boosts world stocks
World stocks jumped on Friday while the low-yielding yen and government bonds tumbled after a closely-watched U.S. jobs report showed a smaller-than-expected decline in non-farm payrolls.
Suicide blast rips through Pakistan city, 43 dead
A suicide bomber struck a rally in the Pakistani city of Quetta on Friday, killing up to 43 people in the second major attack this week, piling pressure on a government struggling with a flood crisis.
Iran's Ahmadinejad calls on Palestinians to fight on
Iranian President Mahmoud Ahmadinejad urged Palestinians to keep up their armed struggle against Israel a day after Israeli and Palestinian leaders agreed to continue talks on a U.S.-backed peace deal.
White House: August jobs report reassuring
The White House on Friday greeted a better than expected August employment report as reassuring news after a recent spate of unsettling economic data, and reiterated it was working with Congress to take additional steps to boost U.S. growth and hiring.
Wall St climbs as jobs data spurs risk appetite
Wall Street advanced for a third day on Friday as the monthly payrolls data showed the U.S. economy may be in better shape than investors had thought and helped whet some investor appetite for risk.
Non-manufacturing sector slows in August: ISM
The U.S. non-manufacturing sector grew in August for an eighth straight month but at a slower pace than July and at a rate that was below expectations, according to an industry report released on Friday.
Suicide blast rips through Pakistan city, 22 dead
A suicide bomber struck a rally in the Pakistani city of Quetta on Friday, killing at least 22 people in the second major attack this week, piling pressure on a government struggling with a flood crisis.
GM's new boss woos autoworkers in first staff memo
General Motors' new boss Dan Akerson sent his first letter to staff on Thursday, saying he valued the role of organized labor in the company's success as GM heads into negotiations with its union-represented U.S. workers next year.
Autoliv CEO says car demand still firm
Autoliv, the world's biggest maker of air bags and seat belts, has seen stable demand despite expectations for slower car production in the second half of the year.
Private hiring surprises with 67,000 new jobs
U.S. employment fell for a third straight month in August, but the drop was far less than expected and private hiring surprised on the upside, easing pressure on the Federal Reserve to prop up economic growth.
Blast rips through rally in Pakistan, 22 dead
A blast ripped through a rally in the Pakistani city of Quetta on Friday, killing at least 22 people, the second major attack this week, piling pressure on the civilian government struggling with a flood crisis.
Upbeat jobs report boosts world stocks
World stocks jumped on Friday while the low-yielding yen and government bonds tumbled after a closely-watched U.S. jobs report showed a smaller-than-expected decline in non-farm payrolls.
Owners of a third of 3PAR back HP bid
Data storage provider 3PAR Inc said on Friday that shareholders owning about a third of its shares have agreed to accept Hewlett-Packard Co's proposal to buy the company for $2.4 billion.
Bonds fall sharply on Aug payrolls report
U.S. Treasuries prices fell sharply on Friday after the government reported that the U.S. private sector added 67,000 jobs, a surprisingly large number, to payrolls in August.
Kia, Hyundai in assembly talks with Russia's Izhavto
South Korean automakers Kia Motors and Hyundai Motor Co are in talks with IzhAvto on the assembly of cars at the distressed Russian company's plant.
S.Korea Kia recalls some Soul, Sorento vehicles
South Korea's No. 2 automaker Kia Motors said on Friday that it had started a recall of some Soul and Sorento vehicles sold worldwide because of a fire hazard.
BP oil spill costs hit $8 billion as ends rig probe
BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster.
Walgreen same-store sales miss expectations
Walgreen Co posted weaker-than-expected August sales at stores open more than a year, hurt by generic drug introductions and a decrease in customer traffic.
Instant View: Payrolls fall by 54K, less than expected
U.S. employment fell for a third straight month in August, but the decline was far less than expected and private payrolls growth surprised on the upside, easing pressure on the Federal Reserve to prop up growth.
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FTSE hit more than 3-week high before US jobs data
Britain's leading share index hit a more than three-week high on Friday as the market looks beyond a weak employment picture in the United States after factoring in a soft patch in the pace of the economic recovery.
Wall St rises after payrolls data
Wall Street advanced on Friday after a better-than-expected jobs report lifted investor optimism on the economy but gains were checked after data showed services sector activity slowed.