Double-dip recession risk rising: El-Erian
Mohamed El-Erian, the chief executive of top bond fund PIMCO, said in an interview on Friday the risk of stalled economic growth in 2010 is increasing, given a still-weak labor market. Read Full Article here.
Germany tells GM it wants Opel decision next week
Germany raised the pressure on General Motors on Friday to choose a buyer for its Opel unit, with Economy Minister Karl-Theodor zu Guttenberg telling the U.S. carmaker he expected a fundamental decision next week. Read Full Article here.
Trade ministers ready to study WTO Airbus ruling
Top officials from the United States, European Union and Brazil on Friday awaited a pivotal World Trade Organization ruling on subsidies to Airbus that stands to impact the global aircraft sector. Read Full Article here.
FHA says won't need congressional support
The U.S. Federal Housing Administration said on Friday it would not need a congressional subsidy even if mortgage-related losses push its reserves below a level demanded by Congress. Read Full Article here.
Nifty and stylish is aim at Berlin gizmo fair
Against a backdrop of flat-panel TV screens and energy-efficient washing machines, a number of nifty gadgets and chic devices stand out at the IFA consumer electronics fair in Berlin, aimed at simplifying modern life -- with style. Read Full Article here.
CIT extends CEO Peek's contract for one year
CIT Group Inc said it has extended the contract of Chief Executive Jeffrey Peek for one year, even though his decisions to expand into risky businesses helped to push the lender to the brink of bankruptcy. Read Full Article here.
Motorola to sink or swim on Android phones
Motorola Inc needs to spark some serious gadget lust next week when it unveils new phones to convince consumers and Wall Street that it's still a player in the global mobile industry, but the odds may be heavily stacked against it. Read Full Article here.
Rambus shares rise on acquisition rumors
Shares of memory chip developer Rambus Inc rose 8 percent on Friday on speculation that rival Samsung Electronics would buy the company for $25 to $27.50 per share. Read Full Article here.