Bernanke says prospects for return to global growth good
U.S. Federal Reserve chief Ben Bernanke on Friday offered his clearest signal yet that he thinks a global recovery is at hand, but warned growth would be sluggish and unemployment stubbornly high. Read Full Article here.
Pace of U.S. existing home sales fastest in 2 years
Sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest pace in nearly two years, a survey showed on Friday, in a strong sign that housing is pulling out of a three-year slump. Read Full Article here.
Ex-UBS banker turned informant jailed over tax case
Bradley Birkenfeld, a key informant in the U.S. tax evasion case against Swiss bank UBS , was sentenced to three years and four months in prison on Friday by a federal court judge in Florida. Read Full Article here.
GM leans toward Magna for Opel deal: sources
General Motors is leaning toward picking Canada's Magna International and its Russian partners -- Germany's favored suitors -- as preferred buyers for the Opel business in Europe, sources close to the matter said on Friday. Read Full Article here.
Chrysler deputy CEO Press to leave post: report
Chrysler Group LLC Deputy Chief Executive Jim Press will leave the automaker by the end of the year, the Wall Street Journal reported on Friday. Read Full Article here.
Yahoo wins court ruling over webcasting fees
A federal appeals court in New York ruled that a Yahoo Inc Internet radio service is not required to pay fees to copyright holders of songs it plays, a defeat for Sony Corp's BMG Music. Read Full Article here. Read Full Article here.
Oil hits 2009 high above $74 on economic optimism
Oil rose more than $1 to trade above $74 a barrel on Friday as data in the United States promised economic recovery and a potential revival in energy demand. Read Full Article here.
JM Smucker profit tops market, shares up
J.M. Smucker Co , known for its peanut-butter and jelly, posted a quarterly profit that easily topped market expectations, helped by strong results at its Folgers business, and expected its full-year profit at the higher end of its outlook, sending its shares up 3 percent. Read Full Article here.
AnnTaylor profit tops views, but outlook tempered
Women's clothing retailer AnnTaylor Stores Corp reported a higher-than-expected quarterly profit on Friday, helped by improved merchandise at its LOFT stores and cost cuts. Read Full Article here.
China Mobile keen on deals with Taiwan firms
China Mobile, the world's largest mobile carrier, aims to sign a series of deals with key Taiwanese firms this week, helping them gain access into China's rapidly growing telecoms market. Read Full Article here.