IBT Staff Reporter

Lehman Brothers Holdings Inc sued Nomura Holdings Inc on Friday, saying the Japanese bank is not entitled to recover $760 million it claims, and instead owes it tens of millions of dollars.

Ford Motor Co will recall 33,256 of its 2010 model year cars and SUVs to replace potentially faulty front seat recliner mechanisms that could lead to injuries in an accident, according to a notice filed with U.S. safety regulators.

New orders for durable U.S. manufactured goods excluding transportation posted the largest gain in over two years in March while home sales hit an eight-month high, hinting at a pick-up in the pace of growth.

NEW YORK (Reuters Life!) - Crackberry is no joke.

The Army has canceled a joint Raytheon Co-Lockheed Martin Corp precision attack missile program 90 percent of the way through a six-year, $1 billion-plus development phase, Raytheon said Friday.

The U.S. Army has canceled a joint Raytheon Co-Lockheed Martin Corp precision attack missile program 90 percent of the way through a six-year, $1 billion-plus development phase, Raytheon said Friday.

Lehman Brothers Holdings Inc sued Nomura Holdings Inc on Friday, saying the Japanese bank is not entitled to recover the $720 million it claims, and instead owes it tens of millions of dollars.

A Goldman Sachs Inc director told hedge fund founder Raj Rajaratnam about Berkshire Hathaway's $5 billion investment in Goldman before the deal became public, the Wall Street Journal reported on Friday, citing a person close to the situation.

U.S. stocks rose on Friday as news from Merck soothed worries about the corporate cost of healthcare reform and energy shares were boosted by higher oil prices.

The U.S. Treasury, signaling that its debt issuance has likely peaked, on Friday asked its primary bond dealers for advice on how best to reduce coupon sizes as the government's fiscal outlook improves.

Chinese consumer reaction to electric cars made by Volkswagen AG will determine the fate of the German group's plans to lead the industry in battery-powered vehicles, the group's CEO said on Friday.

A former senior official at Moody's Corp on Friday said he did not know hedge fund manager John Paulson was shorting a Goldman Sachs derivatives product when he was rating it.

Drug regulators are immediately investigating the flu vaccine used for children to check for its safety following the announcement by Australia's chief medical officer to halt immunization for children under five years of age.

Johnson Controls Inc raised its fiscal-year earnings forecast on Friday after posting a better-than-expected quarterly profit amid increased auto production.

According to sex experts, most men say they are up for it whenever but the art of seduction appears to have been diminished.

The season flu shots for children less than five years of age have been suspended in Tasmania, following the other states across the country, informed Tasmania health authorities.

The lawyer representing the family of a 27 year-old man who died after being sedated and restrained at the Townsville hospital last week, says they will be suing Queensland Health over the man's death

The Dow and S&P 500 edged higher on Friday, led by gains in energy and healthcare stocks.

According to a recent study, women who work part time have the healthiest children.

Lloyds and Royal Bank of Scotland could face stormy investor meetings in the next two weeks after a leading governance body urged shareholders to oppose the banks' proposed pay plans.

Lenovo, the world's No.4 PC brand, has emerged as the leading candidate to buy struggling smartphone maker Palm, after the U.S. firm was rebuffed by other potential Asian buyers, sources said.

Diversified U.S. manufacturer Honeywell International Inc boosted its full-year earnings target after reporting a first-quarter profit that topped Wall Street's expectations.

World finance leaders will seek to assure markets on Friday that the global economy is recovering despite the cloud cast by debt-troubled Greece and its request for a huge bailout.

The writer of a book entitled How I caused the credit crunch worked for the unit of Goldman Sachs that sold the financial product at the heart of U.S. fraud allegations against the bank.

Johnson Controls Inc raised its fiscal-year earnings forecast on Friday after posting a better-than-expected quarterly profit amid increased auto production, sending its shares 2 percent higher.

U.S. stocks were little changed on Friday as a morning rally lost steam and worries about the long-term outlook for Greece's shaky finances curbed investors' appetite for risk.

Did you hear that Goldman Sachs made the Iceland volcano erupt? It did pretty well shorting airlines.

Debt-stricken Greece appealed to its European partners and the IMF for emergency loans on Friday, yielding to overwhelming market pressure to set in motion the first financial rescue of a member of the euro zone.

(Reuters) - Novo Nordisk's new diabetes drug Victoza proved more effective than Merck & Co's Januvia in a head-to-head study, boosting prospects for a product that has got off to a strong start in key markets.