IBT Staff Reporter

Tata Motors Ltd (TAMO.BO), India's largest commercial vehicle maker, said it raised $750 million by issuing global depositary receipts and convertible bonds to pay down debt taken on for its acquisition of the loss-making Jaguar and Land Rover brands last year.

U.S. stocks climbed on Friday, with the Dow hitting a closing high for 2009, as investors anticipated positive news from next week's key earnings reports and bullish broker comments boosted tech shares.

The number of U.S. homes listed for sale fell nearly 2.0 percent in September compared to August, according to inventory data released by national real estate brokerage ZipRealty on Friday.

Oil field services company Trico Marine Services Inc said its unit Trico Shipping AS plans to raise $400 million through senior secured notes, and will use the proceeds to repay debt.

General Motors Co signed a deal on Friday to sell its iconic but tarnished Hummer brand to an investment partnership headed by an obscure Chinese machinery maker in an agreement that underscores the fast rise and global ambition of the Chinese auto industry.

Anticipation, indeed.

U.S. stocks ended higher on Friday, extending the rally to a five-day gain, as investors anticipated positive news from next week's key earnings reports, while bullish broker comments boosted tech shares.

The world's book trade meets in Frankfurt next week on the brink of a long-feared transformation of the industry for which few are well prepared.

Sunoco Inc agreed to pay a $148,315 penalty to settle allegations it violated federal hazardous waste regulations at its 178,000 barrel-per-day oil refinery in Marcus Hook, Pennsylvania, the U.S. Environmental Protection Agency said on Friday.

Pay Czar's Role at Citi; Hummer Milestone; Trade Gap Smaller

D'oh! doesn't even start to cover it.

British actress Keira Knightley will make her debut on a London theater stage this year in a modern adaptation of French playwright Moliere's The Misanthrope.

France will return five segments of an ancient Egyptian tomb mural held by the Louvre museum, committee, Culture Minister Frederic Mitterrand said Friday.

Stewart Copeland, drummer for The Police, has always had a few choice, four-letter words for his bandmate Sting. And while that is not news for fans of the 1980's megagroup, his new word may be. It is love.

YouTube now gets over a billion hits a day, according to a new video blog post by the founder of the website.

Kohlberg Kravis Roberts & Co's plan to restructure the debt of Energy Future Holdings following a massive 2007 leveraged buyout is in jeopardy because of opposition from key bondholders, a source close to the deal said on Friday.

Phish's fall tour is kicking off on November 18 in Detroit, MI, includes three nights in New York City's Madison Square Garden and ends on December 5 in Charlottesville, VA.

Citigroup Inc agreed to sell its Phibro energy trading business to Occidental Petroleum Corp for a pittance, allowing the bank to calm regulators who were outraged over a $100 million pay package the unit was obliged to pay a star trader.

Ford Motor Co is nearing a deal with the United Auto Workers to bring its labor contract in line with concessions granted to GM and Chrysler, according to a person briefed on the talks.

A Dallas car chase that lasted about two hours on Friday has ended without any injuries, police said. Police began chasing a blue Ford F-150 pickup truck when its driver ran from a gas station without paying a 20 gallon refill of fuel. The driver also tried to hit an officer when police attempted to pull the truck over, according to the Dallas News today.

Oil rose slightly on Friday as a positive demand forecast from the International Energy Agency outweighed gains in the U.S. dollar.

Cablevision Systems Corp reached a new deal with CBS Corp to carry its broadcast network as well as Showtime, the Smithsonian Channel, and CBS College Sports Network, the companies said on Friday.

Stocks rose slightly on Friday, extending their four-day winning streak as investors anticipated some positive news out of next week's key earnings reports, while bullish broker comments gave a boost to tech shares.

The U.S. government's pay czar played a critical role in Citigroup's decision to sell off its lucrative commodities trading business, Phibro, a source familiar with the matter said Friday.

Nasa has successfully bulldozed two spacecraft into the moon's south pole in a search for hidden ice, but without the promised live photos, according to media reports.

Real estate Web sites Zillow and Trulia continue to see price cuts by home sellers in apparent efforts to attract buyers during a slower part of the year for house sales.

The U.S. Trustee, which oversees bankruptcy cases in New York, said on Friday it believes documents related to Lehman Brothers Holdings Inc's probe of its asset sale to a Barclays Plc unit should be made public, according to court documents.

The New York headquarters of troubled insurer American International Group (AIG) is being converted into luxury condominiums.

Germany sought to shore up its rescue plans for carmaker Opel as Spain and Britain fought to safeguard their own Opel plants and domestic critics laid into the Berlin-brokered deal with Canadian automotive firm Magna.