IBT Staff Reporter

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Europe and jobs keep stocks' anxiety high

U.S. stocks could face further pressure next week unless investors get some relief from worries about Europe, jobs and the toll they might take on the economic recovery.

Oracle plans more firings after Sun acquisition

Oracle Corp said it plans to fire more workers mainly in Europe and Asia as it integrates Sun Microsystems, resulting in post-acquisition restructuring costs that will be more than triple what it previously disclosed.

Verizon may be alone in following AT&T rate change

Verizon Wireless could be prepared to follow AT&T Inc's lead and change how it charges wireless subscribers to download data -- but analysts say other carriers may be better served by standing their ground in the latest pricing upheaval.

Correction: Robert Redford attacks big oil, politics on spill

(Corrects title of NRDC in paragraph 2)Actor and environmentalist Robert Redford has weighed in on the U.S. oil spill crisis, condemning efforts by major energy companies to promote their environmental credentials and use their money to influence their parrots in Congress.

Ex-Lehman execs seek dismissal of Repo 105 lawsuit

Former Lehman Brothers Holdings Inc chief executive Richard Fuld asked a judge on Friday to toss out an investor lawsuit that accused him and other Lehman officials of failing to disclose a controversial Repo 105 accounting technique used by Lehman.

Baseball seeks halt to porn, indecency on MLB.com

Major League Baseball has asked a judge for a subpoena to help it identify people using Internet services provided by Charter Communications Inc to post pornography and other indecent material on the MLB.com website.

Hungary debt fears gnaw at euro

The possibility of a Hungarian debt crisis pushed the euro to a four-year low against the dollar on Friday and reignited fears more Eastern European nations could reveal financial frailties.

Chrysler recalls more than 25,000 vehicles

Chrysler is recalling more than 25,000 Dodge Caliber and Jeep Compass vehicles to address the risk that accelerator pedals could become stuck and cause unintended acceleration, the automaker said on Friday.

New Apple iPhone on tap but may fail to dazzle

Apple Inc's next-generation iPhone, which CEO Steve Jobs is widely expected to unveil on Monday, will have to really set new standards in multimedia content and function to wow Wall Street and consumers.

McDonald's recalls 12 million Shrek glasses

McDonald's Corp has recalled 12 million Shrek-themed drinking glasses in the United States after a federal agency warned consumers to stop using them because they contain the toxic metal cadmium.

Homeownership rate may fall further: NY Fed study

The homeownership rate will drop further unless house prices rise substantially, as people who owe more on their mortgage than their house is worth become renters, according to a study released Friday.

Wal-Mart to boost jobs 23 percent

Wal-Mart Stores Inc will add more than 500,000 employees in the next five years as it increases its global presence, even as it works to improve sluggish U.S. sales, CEO Mike Duke said on Friday.

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