IBT Staff Reporter

Stock index futures extended losses on Friday, signaling a lower Wall Street open, as crude oil hovered near session lows and gold retreated amid a rise in the U.S. dollar.

Bond giant Pacific Investment Management Co, billionaire Gerald J. Ford and a unit of money manager Legg Mason Inc are eyeing ways to buy up banks' toxic loans, the New York Post said.

A rejuvenated model range led by its new Golf VI hatchback helped Volkswagen outperform its competitors in May and grab more share of the world's car market, Europe's largest automaker said on Friday. Led by massive gains in Germany and China -- its two biggest markets -- group vehicle sales rose over last year's comparable month for the first time in 2009, gaining 1.5 percent t...

A branch of the Native American Kumeyaay Nation in southeastern California announced on Thursday signing an agreement with a wind energy developer Invenergy and San Diego Gas & Electric (SDG&E) to place 160 megawatts of wind turbines on its land.

The U.S. energy bill may not pass until next year, which could also delay an agreement to extend the Kyoto Protocol on cutting global greenhouse gas emissions until 2010, experts said on Thursday.

Capstone Turbine Corp said one of its microturbine systems has been successfully integrated into a Ford Motor vehicle in the U.K., sending shares soaring 82 percent.

Fifty miles east of Los Angeles, a small and inconspicuous facility is using something most of us would rather not think about -- household sewage -- to create a resource we can't live without -- fuel.

Wall Street was set to open lower on Friday as commodity prices eased and investors looked ahead to key consumer confidence data for insight into prospects for the recession easing.

Dutch Philips Electronics may have to take additional measures in the next months to keep the company healthy, its chief executive told workers in an internal magazine.

China will limit the number of messages that a mobile number can send per day to battle rampant spam messages clogging cell phones, state media said on Friday.

Iranians streamed to polling stations on Friday in a hotly contested election and a senior ally of Mirhossein Mousavi said the moderate candidate was on track to defeat hardline President Mahmoud Ahmadinejad.

Stock index futures pointed to a lower open on Friday as commodity prices eased and investors looked ahead to key consumer confidence data.

Top PC names such as Dell and Hewlett-Packard could lose out in a spat over China's latest move to censor the Web, risking the wrath of U.S. and European consumers if they go along or losing ground in the world's No.2 PC market if they refuse.

World stocks were flat on Friday ahead of a G8 meeting as investors paused for breath to discern further signs of economic recovery while euro zone government bond prices rose after a successful 30-year U.S. bond auction soothed worries over the rising U.S. budget deficit.

Stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures down 0.3 percent by 6:00 a.m. ET.

BlackRock has agreed to buy Barclays Global Investors to create the world's biggest asset manager, in a $13.5 billion deal that British bank Barclays hopes will put to rest concerns about its capital.

A Chinese lawyer has demanded a public hearing to reconsider a government demand that all new personal computers carry Internet filtering software, adding to uproar over a plan critics say is ineffective and intrusive.

BlackRock Inc. said on Thursday it will buy British bank Barclays Plc's investment arm BGI for $13.5 billion in a blockbuster deal that will create the world's biggest asset manager.

British bank Barclays confirmed on Friday that it had agreed to sell its BGI investment arm to U.S. firm BlackRock for $13.5 billion, creating the world's biggest asset manager.

Oil prices slid toward $72 a barrel on Friday, as investors locked in gains from a near eight-month high settlement a day ago, but stronger-than-expected China factory output and retail sales data lent support.

The U.S. state of Mississippi settled an antitrust suit with Microsoft Corp for $100 million on Thursday and said businesses, individuals, schools and local government were eligible for a share of the money.

Oil prices fell toward $72 a barrel on Friday, as investors locked in gains from a near eight-month high settlement a day ago, but stronger-than-expected China factory output and retail sales data lent support.

BlackRock Inc. , the giant U.S. money manager, said on Thursday that it will buy Barclays Global Investors in a cash and share deal that will turn it into the world's biggest asset manager.

Antivirus companies Symantec and McAfee have agreed to pay fines of US$375,000 to settle charges that they automatically charged customers software subscription renewal fees without their permission.

North Korea may be preparing for its third nuclear test as the United Nations considers new sanctions on the regime, according to a U.S. government official.

Microsoft has confirmed the news about the report that Windows 7 will debut in European countries without its Internet Explorer 8 web browser, causing a stir of questions and uproar from prospective buyers.

BlackRock Inc. , the giant U.S. money manager, said on Thursday it will buy Barclays Global Investors for $13.5 billion in a deal that will make it the world's biggest asset manager.

The Pentagon's Missile Defense Agency has formally ended Northrop Grumman Corp's Kinetic Energy Interceptor program, once valued at $6.3 billion, despite the company's push to carry out what would have been a key test in September of the missile-defense technology.

It's been 25 years since the Ghostbusters first saved Manhattan from the giant Stay Puft Marshmallow Man. Now, they're back in virtual form and talking about a third movie.