Shares of Lehman Brothers Holdings Inc. recovered some lost ground Friday after a Sandler O'Neill & Co. analyst said he expects the troubled investment bank to survive the credit crisis.
General Motors Corp. said Friday that half of its major factories worldwide will recycle or reuse nearly all of their waste materials by the end of 2010.
Oil prices sank below $106 a barrel Friday as a jump in the U.S. unemployment rate signaled to traders that Americans might keep paring back their energy use to save money.
Shares of mining giant Freeport-McMoRan Copper & Gold Inc. fell 5 percent in Friday trading as worried investors pulled money out of the weakening commodities sector.
The source of trouble in the mortgage market has shifted from subprime loans made to borrowers with bad credit to homeowners who had solid credit but took out exotic loans with ballooning monthly payments.
Altria Group, which owns Marlboro-maker Philip Morris USA, said Friday that a report of its impending acquisition of UST was "pure speculation." Analysts said the deal makes perfect sense.
Grocery store chain Stop & Shop Supermarket Co. said Friday it is removing from its shelves all 7.25 ounce plastic bottles of Hershey Chocolate Shell Topping since the product may contain almonds.
Perini Corp., a civil and commercial construction contractor, said Friday its shareholders approved the acquisition of privately-held Tutor-Saliba Corporation.
Continental Airlines Inc. said Friday it is charging some coach customers $15 for a first checked bag, matching a similar fee imposed by most other major U.S. carriers.