Vote impasse reopens race to head U.N. atom watchdog
U.N. nuclear watchdog governors failed to agree on a successor to Director-General Mohamed ElBaradei on Friday after five rounds of voting, opening the field to new candidates who might bridge rich-poor divisions.
S.Africa's Zuma criticizes West over Zimbabwe
South African ruling party leader Jacob Zuma on Friday criticized Western powers for holding back aid to Zimbabwe while President Robert Mugabe was still in power.
Wall St falls, hurt by profit taking, oil's fall
U.S. stocks fell on Friday as investors booked profits following a recent rapid surge, while the energy sector dropped along with the price of oil.
Japan readies defenses for North Korea rocket launch
Japan on Friday ordered its military to prepare to intercept any dangerous debris that might fall on its territory if a rocket launch planned by North Korea goes wrong.
U.S. consumers' mood improves slightly in March
U.S. consumers' mood brightened a bit in March, nudged up by increased confidence in government economic policy, but overall sentiment remained near an all-time low, a survey showed on Friday.
Earth Hour to turn the world dark on Saturday
The world will go dark on Saturday night beginning from New Zealand's remote Chatham Islands and then spreading to thousands of cities, towns, and landmarks in observance of Earth Hour.
Obama to meet bank CEOs to discuss economic crisis
President Barack Obama will quiz top U.S. bankers on Friday about developments in the economy and their businesses as his administration seeks broader authority to regulate the financial system.
Wall St eyes lower open as investors assess rally
Wall Street was set for a lower open on Friday as investors assessed the strength of a recent surge that has March on track to see the biggest monthly percentage gain since 1974.
Deflation stalks Japan, rancor rises before G20
Japan slipped to the brink of deflation and inflation in Europe slid closer to zero, underlining a threat to the world economy before next week's G20 summit which is supposed to produce a cure for the crisis.
U.S. consumer spending rises 0.2 percent
U.S. consumer spending rose for a second straight month in February, while incomes reversed the previous month's gains, government data showed on Friday.
Morgan Stanley recovers lost ground in M&A rankings
In a dry quarter for deals, two massive pharmaceutical transactions helped catapult Morgan Stanley to the top of the league in global adviser rankings, bringing it up from the tenth spot a year earlier.
Futures lower as investors assess surge
Stock index futures pointed to a lower open on Friday as investors reassessed a recent surge that has March on track to see the biggest monthly percentage gain since 1974.
Trading Emissions pays first dividend despite loss
Renewable energy investment company Trading Emissions Plc fell deep into the red in the first half due to falling carbon prices but dug into growing cash reserves in order to promise its first dividend.
Toshiba, Sharp say may work together in solar power
Japan's Toshiba Corp and Sharp Corp said on Friday they are considering working together in the solar power business amid growing demand for cleaner energy, sending their shares higher.
Tesla unveils four-door electric sedan
Electric car start-up Tesla Motors Inc unveiled its newest, cheapest vehicle on Thursday, a four-door sedan that can carry five adults and could travel up to 300 miles per charge.
Stock futures signal dip; eyes on Accenture
U.S. stock index futures pointed to a lower open on Wall Street on Friday following the previous session's strong gains, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.6 percent and Nasdaq 100 futures down 0.7 percent at 1000 GMT (6 a.m. EDT).
Deflation stalks Japan, inflation slides in Europe
Japan slipped to the brink of deflation and inflation in Europe slid closer to zero, underlining a threat to the world economy before next week's G20 summit which is supposed to produce a cure for the crisis.
Verizon plans to sell netbooks: report
Verizon Wireless will start selling a netbook -- a cheaper, more basic version of a notebook -- as early as next quarter, Bloomberg said, citing a person close to the project.
Steady after run-up; oil edges down
Global shares paused for breath on Friday at the end of a week that saw them gain nearly 7 percent on tentative hopes of economic recovery, while oil slipped below $54 a barrel after touching a 2009 high.
Apple schedules developers event for June
Apple Inc has scheduled its annual developers conference for the second week in June, with plenty of buzz surrounding its product plans.
Bristol-Myers settles FTC probe: report
Bristol-Myers Squibb Co agreed to pay $2.1 million to settle a probe by the U.S. Federal Trade Commission into its negotiations in to delay the launch of a generic version of its blockbuster drug Plavix, the Wall Street Journal said.
Tension simmers at Nomura as Lehman bonuses loom
Things are getting tense at Japanese brokerage Nomura Holdings .
Asia stocks head for best weekly gain since Nov
Asian stocks dipped on Friday, but still headed for their best weekly gain in four months as hopes the global economy could not get any worse continue to bolster riskier assets.
Nvidia countersues Intel in licensing battle
Graphics chipmaker Nvidia Corp countersued Intel Corp for breach of contract on Thursday, alleging that Intel made misleading statements designed to undermine Nvidia's licensing rights.
Rising tide of risk taking lifts Asia stocks
Asian stocks rose on Friday, trying for a fifth day of gains, as hopes the global economy could not get any worse kept investors buying riskier assets, though U.S. and Japanese data left some doubts lingering.
Fed official admits: We missed crisis signs
The Federal Reserve, along with the financial community, didn’t see, or failed to act on signs ahead of the current financial crisis, a Fed official said on Thursday.
Industry expected Geithner's derivatives plans: report
The industry expected new regulations to derivatives being proposed by Treasury Seretary Timothy Geithner this week, industry figures said.
After Nomura bonuses to ex-Lehman workers, firm may cut them: report
With earnings withered, Nomura holdings will need to quickly cut 4,000 of its 26,000 employees to reduce costs, including ex-Lehman Brothers employees which were acquired after the American bank’s bankruptcy, according to a report.
US EQUITY FUTURES REPORT 03/26/2009
EQUITIES PUSH TROUGH AND HOLD ABOVE KEY RESITANCE LEVELS AS BETTER THAN EXPECTED TREASURY AUCTION RESULTS SUPPORT CONFIDENCE FOR US RECOVERY STRATEGIES.
Greenspan says banks should not become too big
Former U.S. Federal Reserve Chairman Alan Greenspan recommends graduated capital requirements for banks to cut back their size.