Silicon Valley warning: Detroit still doesn't get it
From Detroit's union halls to its boardrooms, the consensus belief is that billions of dollars in federal investment and loans kept the American auto industry from collapse.
Apple's new OS kicks off with a strong start
Apple's new Snow Leopard operating system has hit the ground running, according to research data released Thursday.
G20 to coordinate exit strategy rhetoric: sources
Leaders of the Group of 20 nations are expected to agree at their summit in Pittsburgh next week to coordinate their public statements on exit strategies, G20 sources preparing for the meeting said on Friday.
FCC to unveil open Internet rules
Federal Communications Commission Chairman Julius Genachowski will unveil in a speech on Monday new proposals that would force Internet providers to treat the flow of content equally, sources familiar with the speech said on Friday.
Global stocks, oil slip on waning risk appetite
Global stocks faltered and oil prices fell below $72 a barrel on Friday as waning risk appetite lifted the U.S. dollar against most major currencies.
Ahmadinejad says Holocaust a lie, Israel has no future
President Mahmoud Ahmadinejad called the Holocaust a lie Friday, raising the stakes against Israel just as world powers try to decide how to deal with the nuclear ambitions of an Iran in political turmoil.
Few deals, some Oscar bets at Toronto film festival
This year's Toronto film festival lowers its final curtain this weekend after 10 days of red carpet premieres and industry networking that produced few movie deals but showcased some good bets for Oscars.
Crash ends capture of convict Robert Maday, witness describes scene
Robert Maday, a dangerous Illinois convict who escaped on Thursday was captured in West Chicago Friday noon after he crashed when trying to escape police in a Volkswagen Jetta he hijacked.
IMF chief sees global recovery in 1st half of 2010
The global economy should recover from recession in the first half of 2010, but it will take time for unemployment levels to decline, International Monetary Fund Managing Director Dominique Strauss-Kahn said.
Worst is over for world economy: Morgan Stanley CEO
The world economic downturn has passed its low point, with financial markets rebounding, Morgan Stanley CEO John Mack said on Friday.
Christie's to offer Rembrandt estimated at $41 million
Christie's will offer for sale what it calls a Rembrandt masterpiece in December, and expects to fetch up to 25 million pounds ($41 million) in what would be an auction record for the artist.
Juanes concert latest front in Havana-Miami row
Half a million people are expected to fill Havana's Revolution Square Sunday for a concert that is supposed to be about peace, but has become another front in the war of words between Havana and the Cuban exile community in Miami.
Minneapolis Star-Tribune to exit bankruptcy Sept 28
The Minneapolis Star-Tribune is poised to exit bankruptcy by the end of September after a federal bankruptcy judge approved a reorganization plan that gives ownership of Minnesota's largest newspaper to its senior lenders.
Taiwan city balks on Uighur film over China worries
Taiwan's second-largest city is reconsidering plans to show a film about Uighur leader Rebiya Kadeer over concerns it would upset China just weeks after the Dalai Lama's visit to the island, officials said on Friday.
Pratt says will modify fan blade tips of F135 engine
United Technologies Corp on Friday said it would immediately modify the first stage fan blade tips of the F135 engine it builds for the Lockheed Martin Corp F-35 fighter jet.
Aircraft lessor AerCap to buy Genesis for $303 million
Aircraft leasing company AerCap Holdings said on Friday it would buy rival Genesis Lease Ltd for about $302.6 million in stock, giving it greater scale and access to more funds for aircraft purchases.
Robert Maday dangerous convict from Illinois captured (Photo)
Robert Maday, an extremely armed and dangerous convict who escaped as he was transported to a hearing on a criminal case, was captured on Friday around noon after getting into a crash in Rolling Meadows, Ill, ABC7.com reported.
Wall Street gains; Procter and other upgrades help
U.S. stocks rose on Friday as a brokerage upgrade of Procter & Gamble lifted shares of consumer staples companies, putting the market on track for a second week of gains.
Visteon to give up some GM parts business
Visteon Corp has sought U.S. Bankruptcy Court permission to drop contracts to supply auto interiors, fuel tanks, climate controls and lighting components to General Motors Co under a deal with the automaker that would give it more than $22 million.
U.S. utilities scramble for smart-grid stimulus cash
With more requests than money, the U.S. Department of Energy faces the tough task of allocating more than $4 billion among hundreds of utilities that want to modernize the country's aging electricity grid.
EC fine forces Slovak NCHZ into creditor protection
A 19.6 million euro fine for price fixing has forced Slovakia's Novacke Chemicke Zavody (NCHZ) to file for protection from its creditors, the company said on Friday.
U.S. natgas rig count climbs 6 to 705 for week
The number of rigs drilling for natural gas in the United States climbed six this week to 705, according to a report on Friday by oil services firm Baker Hughes in Houston.
Kodak finance deal could pay off for KKR
Kohlberg Kravis Roberts & Co's KKR.UL investment in troubled photography company Eastman Kodak Co may look risky but a 10 percent annual return and protections even if the company fails could make it all worthwhile.
Bonobos pants touted as 2009's best (VIDEO)
The Bonobos pants featured on the Men's Fashion Fall 2009 issue of the New York Times are getting buzz.
UBS warns U.S. clients as tax amnesty deadline nears
UBS AG has formally warned wealthy American clients that secret Swiss accounts may be revealed to U.S. tax authorities after the Wednesday expiration of an amnesty program that could give them immunity from prosecution.
Google says Apple rejected voice app for iPhone
Google Inc said Apple Inc rejected its Google Voice application for the popular iPhone, contradicting Apple's statement to regulators last month.
Arena weight-loss trial yields mixed results
Arena Pharmaceuticals Inc's obesity drug produced mixed results in a second late-stage trial, sending the company's shares on a roller coaster in furious trading on Friday.
O'Brien sees London's Independent closed by Dec
Independent News & Media is likely to close its flagship London title The Independent by Christmas, the publishing group's second biggest shareholder Denis O'Brien said on Friday.
FDIC to consider ways to replenish deposit fund
U.S. bank regulators are considering tapping a line of credit with the U.S. Treasury Department and may explore other lesser-known options to replenish the dwindling fund that safeguards bank deposits.
Canada phone companies lose appeal, must pay rebate
Canadian telephone companies will have to write rebate checks to customers after the country's Supreme Court dismissed their appeals on how they should use extra cash they were ordered to collect by the telecommunications regulator.