IBT Staff Reporter

Iraq aims to install four new floating oil terminals and three new undersea oil pipelines that will boost export capacity to 8 million barrels per day from a current 1.9 million bpd, a top oil official said.

British Prime Minister Gordon Brown called Friday for the creation of a $10 billion a year fund to help developing countries battle climate change.

British banks have far greater exposure to potential problem debts in the United Arab Emirates than rivals in France, the United States, Japan or anywhere else, loans data show, as worries mount about the region.

Oil prices dropped over 2 percent to nearly $76 a barrel on Friday as fears of possible defaults in Dubai convulsed financial markets and boosted safe-haven demand for the U.S. dollar.

U.S. stocks fell more than 1 percent in a truncated session on Friday as a possible debt default by a Dubai state-owned conglomerate led to fresh concerns about the global financial system.

The world is losing patience with Iran's behavior over its nuclear program and Tehran will be responsible for the consequences if it fails to meet its obligations, the White House said on Friday.

Mother of 14 children, Nadya Suleman, made headlines this year when she gave birth to octuplets told Good Morning America she is open to having more kids in the future.

Tata Motors, India's biggest vehicle maker, reported a return to operating profit for its British Jaguar Land Rover unit on Friday, as cost cuts begin to bear fruit and new models attract buyers.

Finnish liberal Olli Rehn will oversee efforts to revive Europe's economy and France's Michel Barnier will have an important role reforming financial services in the new European Commission unveiled on Friday.

U.S. stocks fell in Friday's abbreviated session as a possible debt default by a Dubai state-owned conglomerate fueled concern that the global financial system was not fully stabilized.

De Beers, the world's largest diamond producer, expects banks to renew its $1.5 billion debt facility before it comes due in March next year, the firm said on Friday.

German Chancellor Angela Merkel said Family Minister Ursula von der Leyen would take over as labor minister, replacing Franz Josef Jung who quit earlier on Friday after criticism of his role when he was defense minister.

Major department stores in the U.S. such as Macy's, JCPenney and Sears kicked off Black Friday deals on Friday including big discounts on fine jewelry.

The FIFA soccer World Cup trophy is making its way through various African countries down to South Africa, the host nation of the 2010 World Cup.

Rising fears of a possible debt default at a Dubai state-owned conglomerate is the catalyst for an overdue correction in equities and risk assets, the chief executive of top bond fund manager Pimco said in an interview on Friday.

Activision Blizzard Inc said on Friday its Call of Duty video game franchise pushed past the $3 billion mark in global retail sales.

Stocks fell more than 1 percent on Friday as a possible debt default by a Dubai state-owned conglomerate increased investors' uncertainty about the financial system's strength.

Oil prices dropped over 2 percent to nearly $76 a barrel on Friday as fears of possible defaults in Dubai convulsed financial markets and boosted safe-haven demand for the U.S. dollar.

U.S. stocks fell more than 1 percent on Friday as a possible debt default by a Dubai state-owned conglomerate increased investors' uncertainty about the financial system's strength.

Canada's Constellation Software Inc said it is not able to accurately forecast future revenue and related operating profits of Trapeze ITS, its Switzerland-based unit providing software for public transit companies.

Holidaybreak Plc posted full-year results ahead of market view, sending its shares up almost 3 percent, but the British specialist holiday firm said sales intake in the current year to date was down 3 percent.

Women who smoke may have a higher risk of developing seizures than non-smokers do, a new study suggests.

Some herbal supplements may boost the levels of lead in the blood of women, new research shows.

Zhejiang Geely Holding Group laid out how it and Ford Motor plan to handle intellectual property (IP) rights for Volvo Car Corp., clearing a major barrier in its bid to acquire the Swedish brand.

To LeRoy Zimmerman, the taste of chocolate will always mean Hershey's.

Most big U.S. banks may be forced to make public offerings soon if the Treasury demands payback of the funds it issued under the Troubled Assets Relief Program, veteran banking analyst Richard Bove said.

Russia's Gazprom, the world's largest gas company, is set for a rare victory in the quest to expand its foothold in western Europe.

Women with the highest heart disease risk were the most likely to quit taking hormone therapy after it was shown to offer no protection against cardiovascular disease, a new analysis of national data shows.

In people infected with human immunodeficiency virus (HIV), the virus that causes AIDS, high-risk behavior, HIV infection itself, as well as late initiation and early discontinuation of anti-HIV therapy all contribute to substantial decreases in life expectancy, United States researchers report.