Citigroup posts profit on Smith Barney gain
Citigroup Inc , one of the big U.S. banks hit hardest by the financial crisis, posted a quarterly profit as gains from the sale of its Smith Barney brokerage into a joint venture more than offset losses from its primary banking businesses.
U.S. should pay for carbon content of imported goods: Locke
To address the serious threat of global warming, Americans should be required to pay for the carbon content of goods they consume from countries around the world, a top U.S. official said on Friday.
GE revenue trails estimates
General Electric Co said profit fell by almost half, on a deeper drop in revenue than Wall Street expected, as the slump that has gripped its finance and media businesses took hold of its heavy industrial units.
Honda to nudge up green car output through October
Honda Motor Co Ltd, Japan's No.2 automaker, said on Friday it will start partial weekend shifts at two factories in Japan as the government's tax incentives for low-emission cars help sales.
Wall Street set to open flat as data offsets earnings
Stocks headed for a flat open on Friday as upbeat housing data for June counteracted worry over the quality of corporate profits from General Electric Co and Google Inc .
Stock futures trim losses after housing data
Stock index futures briefly trimmed losses on Friday following a government report showing new U.S. housing starts and permits jumped more than expected in June.
Citigroup posts profit on one-time gain
Citigroup Inc on Friday reported quarterly earnings.
Treasury's Geithner more optimistic on economy
U.S. Treasury Secretary Timothy Geithner is more optimistic on the economic outlook than he was three months ago, he said in an interview with French newspaper Le Monde published on Friday.
Stock futures fall as mixed earnings provoke caution
Stock index futures fell on Friday as caution took root following four days of gains, after General Electric Co's quarterly earnings sank and Google Inc pointed to weaker advertising and revenue growth, despite beating expectations.
Bank of America credit losses soar
Bank of America Corp posted a quarterly profit that topped Wall Street forecasts, but the largest U.S. bank warned of a fresh surge in troubled loans from credit card, mortgage and business customers due to the weak economy.
Oil slips below $62
Oil slipped below $62 a barrel on Friday, undermined by concerns over the outlook for the world economy, a stronger dollar and some selling pressure after four days of gains.
Bank of America profit falls
Bank of America Corp posted a lower quarterly profit on Friday, hurt by a surge in troubled loans as more credit card and mortgage customers fell behind on payments.
CORRECTED: Bank of America profit falls
(Corrects profit decline before preferred stock divideds to 5 percent from 7 percent, in 3rd paragraph)
Goodyear to close Philippines tire plant
Goodyear Tire & Rubber Co said it will close its tire plant in the Philippines by the end of the third quarter, as it tries to cut production capacity to cut costs by $700 million this year.
Stock futures lower after GE, BofA quarterly results
Stock index futures fell on Friday after General Electric Co's quarterly earnings sank and Google Inc, despite beating profit expectations, pointed to weaker advertising and revenue growth.
Bank of America profit hurt by troubled loans
Bank of America Corp posted a lower quarterly profit on Friday, hurt by a surge in troubled loans as more credit card and mortgage customers fell behind on payments.
Stock futures extend losses after GE, BofA results
S&P 500 stock index futures extended losses on Friday on caution over how long the market's recent run-up would last, following General Electric Co and Bank of America Corp quarterly results.
GE revenue falls short
General Electric Co said profit fell by almost half, on a deeper drop in revenue than Wall Street expected, as the slump that has gripped its finance and media businesses took hold of its heavy industrial units.
Bank of America revenue rises
Bank of America Corp on Friday reported second-quarter results.
British Airways raises $1 billion to avert cash crisis
British Airways unveiled a $1 billion fundraising aimed at securing its future, including $540 million in bank loans that had been earmarked for its pension funds as a safety net against the airline going bust.
GE profit falls steeply
General Electric Co said profit fell by almost half, on a deeper drop in revenue than Wall Street expected, as the slump that has gripped its finance and media businesses took hold of its heavy industrial units.
GE profit falls 47 percent, revenue weak
General Electric Co said profit fell by almost half, on a deeper drop in revenue than Wall Street expected, as the slump that has gripped its finance and media businesses took hold of its heavy industrial units.
U.S. banks take centre stage, economic picture mixed
U.S. banks, at the center of the world's financial crisis, will command investor focus on Friday with Bank of America and Citigroup results following strong showings from their peers.
U.S. banks take center stage, economic picture mixed
U.S. banks, at the center of the world's financial crisis, will command investor focus on Friday with Bank of America and Citigroup results following strong showings from their peers.
RHJ bids $388 million for Opel stake
Belgian financial investor RHJ International offered 275 million euros ($387.6 million) for a 50.1 percent stake in General Motors' Opel business in a last-ditch effort to beat out rival suitors.
RHJ bids $388 million for Opel stake: document
Belgian financial investor RHJ International offered 275 million euros ($387.6 million) for a 50.1 percent stake in General Motors' Opel business in a last-ditch effort to beat out rival suitors.
Stock futures point to mixed open ahead BofA, Citi
Dow Jones futures were down 0.01 percent by 4.38 a.m. ET while S&P 500 futures ticked down 0.05 percent and Nasdaq futures rose 0.3 percent, suggesting a mixed start for U.S. stocks on Friday after four days of gains.
World shares hit 1-month high; dollar, yen firm
World stocks hit a one-month high on Friday on growing optimism that the earnings season may turn out to be better than expected, while investors set their eyes on giants such as Citigroup for clearer market trend.
Shaq's balls spark China row
The fate of four signed basketballs given by NBA great Shaquille O'Neal to Sichuan earthquake survivors sparked an Internet storm in China this week.
Oil falls below $62 amid lingering pessimism
Oil fell below $62 a barrel on Friday amid lingering skepticism over the pace of a global economic recovery, but prices are on track to snap four straight weeks of decline to post a weekly gain.
