IBT Staff Reporter

The Group of Seven rich countries is concerned about Greece's debt problems, a Canadian official said on Friday, and hinted that there may be other countries that will also need help.

Shock waves from the stock market plunge rippled through Washington on Friday, prompting lawmakers to call for an amendment to a Wall Street reform bill that could lead to safeguards against technology glitches.

Euro zone leaders approved emergency loans for Greece on Friday and governments around the world tried to calm financial markets hit by fears that Athens' debt crisis could cause havoc in other European economies.

Stocks turned negative for the year on Friday on fears of another credit crisis stemming from Greece's souring finances and lingering questions about what triggered the previous session's dramatic plunge.

Goldman Sachs Group Inc held its longest-ever annual investor meeting on Friday, but Chief Executive Lloyd Blankfein faced few questions about civil fraud charges against the company.

American International Group Inc turned a quarterly profit after a year-ago loss as the bailed-out insurer got a boost from its investments and general insurance operations appeared to stabilize.

Employment grew at the fastest pace in four years in April as businesses ramped up hiring, suggesting the economic recovery was growing less dependent on government support.

Governments around the world tried on Friday to calm financial markets shaken by fears that Greece's debt crisis could cause difficulties for other European economies.

Countrywide Financial Corp, the mortgage lender acquired by Bank of America Corp , has agreed to a $624 million settlement of a lawsuit accusing it of misleading investors about its lending practices.

Shoe lovers in London have been glued to their mobile devices and computer screens in a race to win a pair of free Jimmy Choos.

U.S. stocks fell on Friday as continued fears of a financial meltdown stemming from Greece's debt crisis and lingering questions about what triggered the previous session's dramatic plunge discouraged investors.

Governments around the world sought on Friday to calm financial markets hit by fears that Greece's debt crisis could cause turmoil in other European economies.

U.S. stocks fell on Friday on fears of a financial meltdown stemming from the debt crisis in Greece, but trading was extremely volatile in the aftermath of Thursday's dramatic plunge, keeping investors on edge.

President Barack Obama said U.S. authorities were investigating the cause of a nearly 1,000-point plunge in the Dow Jones industrial average that spooked investors and fueled anger at Wall Street.

A British tax on bank executives' bonuses will cost two of the biggest U.S. banks a combined $1 billion.

Goldman Sachs Group Inc , accused of fraud by the U.S. government, will undertake a rigorous self-examination, its CEO Lloyd Blankfein said at the investment bank's annual shareholder meeting on Friday.

New data showing the economy added 290,000 jobs in April is the strongest sign yet the labor market is healing, but the high unemployment rate is still cause for concern, a senior Obama administration official said on Friday.

Countrywide Financial Corp, the mortgage lender acquired by Bank of America Corp , has agreed to a $624 million settlement of a lawsuit accusing it of misleading investors about its lending practices.

Nokia Oyj, the world's top handset maker, broadened its patent fight with Apple Inc on Friday to include the iPad, deepening the bitter legal disputes between the two smartphone rivals.

The Washington Post Co posted a quarterly profit on Friday, aided by gains at its educational, cable and television divisions.

U.S. stocks fell on Friday on fears of a financial meltdown stemming from the debt crisis in Greece, but trading was extremely volatile in the aftermath of Thursday's dramatic plunge, keeping investors on edge.

Governments around the world sought on Friday to calm financial markets hit by fears that Greece's debt crisis could cause turmoil in other European economies.

Apple Inc said on Friday it will launch the iPad tablet computer in nine international markets on May 28, following a strong debut in the United States last month.

Federal Reserve officials have agreed to sell some of the central bank's $1.1 trillion portfolio of mortgage-backed securities, but many are undecided on how soon or how aggressively to do so, the Wall Street Journal said, citing several people familiar with the matter.

Goldman Sachs Group Inc Chief Executive Officer Lloyd Blankfein called for the besieged company to undertake a rigorous self-examination, at the annual shareholder meeting on Friday.

Nokia, the world's top handset maker, broadened its patent battle against Apple on Friday to include the iPad, deepening the legal battle between the two smartphone rivals.

Mazda Motor Corp and its China venture partners are awaiting government approval for a restructuring, the Japanese automaker said on Friday after talk resurfaced about a possible termination of the three-way tie.

General Motors' European arm Opel expects to get by the end of May a final response from the German government to its request for aid, initially amounting to 1.5 billion euros ($2 billion).

U.S. authorities on Friday were investigating the cause of a nearly 1,000-point plunge in the Dow Jones industrial average that left many investors gasping.