IBT Staff Reporter

A United Nations climate panel has blocked carbon financing for around ten Chinese wind farms on Friday over concerns that they are financially viable without receiving carbon offsets, the panel said.

The U.S. Energy Department on Friday announced it will award up to $979 million to three projects aimed at developing technology to trap and store carbon emissions from coal plants.

Wealthy nations must fight climate change on security grounds, as they will have to deal with any mass movement of people displaced by the effects of global warming, Nobel Prize laureate Wangari Maathai said on Friday.

The FIFA 2010 World Cup Draw will be streamed live from Cape Town's International Convention Center in South Africa at 12:00 PM ET.

Stocks held moderate gains, but retreated from session highs at midday on Friday as investors wrestled with the prospect that the Federal Reserve might have to raise interest rates after data showed the economy shed far fewer jobs than expected last month.

Yum Brands Inc, the parent of the KFC, Taco Bell and Pizza Hut fast-food chains, forecast fourth-quarter sales at established restaurants that were below some analysts' estimates, and its shares fell 4.3 percent.

CHICAGO (Reuters) - U.S. airline stocks surged on Friday on a stronger-than-expected U.S. jobs report that could signal an economic rebound and subsequently spur passenger traffic.

General Motors and its Chinese partner SAIC Motor are to make small cars and commercial vehicles in India, taking a successful 12-year Chinese partnership into one of the world's fastest growing auto markets.

Financial stocks are still top bets among some of the largest hedge funds, which continued piling into big banks like JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N) in the third quarter.

There were 115,502 U.S. bankruptcy petitions in November, down 13 percent from October but up 26 percent from a year earlier, according to data compiled from court filings by Automated Access to Court Electronic Records, which is part of Jupiter eSources LLC in Oklahoma City.

GM will assign new responsibilities for Vice Chairman Bob Lutz, just a few days after the company’s board decided to replace its Chief Executive Officer.

General Motors Co Chairman and Chief Executive Ed Whitacre announced a broad shake-up of the automaker's senior leadership on Friday, tightening his grip on the company three days after replacing its CEO.

General Motors Co and Chrysler proposed steps on Thursday to resolve complaints from terminated dealerships and head off potential congressional intervention.

Tesco Plc, Britain's biggest retailer, is set to join rivals in flagging solid pre-Christmas trading next week, but investors will be casting a wary eye on 2010 as the government unveils its budget plans.

U.S. stocks retreated on Friday as a stronger U.S. dollar weighed on commodity prices, overshadowing an earlier boost from a better-than-expected jobs report.

General Motors Co Chairman and Chief Executive Ed Whitacre announced a broad shake-up of the automaker's senior leadership on Friday, tightening his grip on the company three days after replacing its CEO.

AIG is soliciting bids for its International Lease Finance Corp after a group led by the unit's chief offered to buy a small portion of the aircraft lessor's fleet, according to sources familiar with the matter.

Governments can adopt more ambitious carbon pricing schemes to address the effects of climate change without harming the global economic recovery, the International Monetary Fund said on Friday.

British oil giant BP has begun cleaning up a second pipeline leak at its Prudhoe Bay operations in Alaska this week, after fluid spilled from a flow line on Wednesday.

Kraft Foods Inc posted its offer document to Cadbury Plc shareholders on Friday outlining its cash and shares takeover bid.

Eastman Kodak Co said Friday it will sell its business that developed super-thin OLED screen technology to LG Electronics Inc and said the companies will share patents, ending a long-standing dispute.

Cisco Systems Inc's veteran dealmakers may have learnt some new lessons from their drawn-out pursuit of Norway's Tandberg ASA, the video conferencing leader.

Oracle Corp denied a newspaper report that Chief Executive Larry Ellison is backing down in a dispute with the European Union over the terms of the software company's $7 billion acquisition of Sun Microsystems Inc.

American International Group Inc is soliciting bids for its International Lease Finance Corp after a group led by the unit's chief offered to buy a small portion of the aircraft lessor's fleet, according to sources familiar with the matter.

U.S. stocks climbed on Friday after data showed the economy shed far fewer jobs than forecast last month and factory orders unexpectedly rose.

By leaving a small white board with the words I Am scribed on its surface KiptonART catches on camera answers from a diverse group of the city's partygoers, artists and patrons.

Miner Rio Tinto has restructured its investments in carbon capture and storage, it said on Friday, with the sale to partner BP Plc of its interest in an Abu Dhabi hydrogen-fueled power generation project that uses gas as the original feedstock.

U.S. stocks futures pointed to a sharply higher open on Friday after the government said employers cut far fewer jobs than expected in November, signaling a strengthening labor market.

Technophiles and developers seeking the next tech breakthrough were drawn to the Dutch city of Rotterdam on Friday to hear augmented reality promoted as a way of changing their view of the world.