LOS ANGELES - Wildfires near Los Angeles are close enough for Southern California Edison workers to keep a watchful eye on high-voltage powerlines, but through Friday morning only about 1,000 customers were without power, a spokesman for the utility said.
A U.S. appeals court on Friday threw out a regulation that has limited cable companies to serving up to 30 percent of the country's subscription television market, a big victory for operators like Comcast Corp and Cablevision Corp.
The owners of the New York Mets will be forced to sell the pro baseball team due to huge losses suffered in the Bernard Madoff swindle, the author of a book about the disgraced money manager said on Friday.
The reinvigorated market for initial public offerings has sparked a rash of new filings by prominent companies that have been waiting for years for the chance to go public, setting the stage for potentially billions of dollars in IPOs by the end of the year.
Tata Motors Ltd (TAMO.BO), India's largest vehicle maker, needs to raise an estimated $1 billion in fresh equity and asset sales to deleverage its balance sheet and cut its debt-to-equity ratio to reasonable levels, according to analysts.
Chrysler Group LLC said on Thursday it is now confident enough about its business to accept product defect claims that arise on vehicles built before its sale process was completed in June.
China's Tengzhong may finalize a deal with General Motors Co GM.UL as early as next week to acquire the U.S. automaker's Hummer brand, a source familiar with the deal said on Friday.
Toyota Kirloskar Motor (7203.T) is planning to make India an export hub for small cars by 2012, including of a compact car that is being designed in Japan for Indian conditions.
Toyota Motor Corp will end production at a California plant it has shared with General Motors for 25 years, prompting regret and criticism from labor and politicians facing more job losses in an industry and a state pummeled by recession.
The German government said on Friday its talks with General Motors on the sale of carmaker Opel would take some time yet and made clear it still favored a bid from Canadian supplier Magna.
The New York Federal Reserve said on Friday it bought $1.945 billion of U.S. agency debt with maturities ranging from March 2016 to July 2032.
Canadian drugmaker Patheon Inc, which has been witnessing a takeover tussle between U.S. private equity firm JLL Partners and Switzerland's Lonza , said it is exploring the Swiss company's proposal a day after JLL's offer expired.
Indian utility vehicle maker Mahindra & Mahindra is looking at options to buy a U.S. facility for assembling its pickup trucks that would save it an import penalty, a senior official said on Friday.
Japan's NEC Corp, Hitachi Ltd and Casio Computer Co are in talks to merge their struggling cellphone operations to cut development costs in a saturated market, four sources said on Friday.
Global buyout firms including Permira and KKR KKR.UL are set to bid for a core Citigroup asset next week in a deal worth more than $1 billion, grabbing a rare opportunity for them to chase big investments in Japan.
China Shenhua Energy Co, China's largest coal producer, posted record quarterly profits on higher sales and output and said it expects a fledgling recovery in China and the region to boost demand.
Net sales of emerging market funds rose to 15 billion euros ($21.54 billion) in the first half of 2009 as investors returned in droves after pulling out last year, research firm Lipper FMI said.
PetroChina, the world's most valuable oil and gas producer, said it plans to pump up its refining capacity by two-thirds by 2017, banking on fuel pricing reforms at home to improve its finances as it bids to become a major global refiner.
Facet Biotech Corp (FACT.O) and Trubion Pharmaceuticals Inc (TRBN.O) agreed to jointly develop and market Trubion's experimental drug for a type of blood cancer, the companies said, sending Trubion shares up 76 percent.
Aug 28 - Specialty pharmaceutical company Eurand NV (EURX.O) said U.S. health regulators approved its pancreatic enzyme product, Zenpep, to treat the inability to digest food due to a lack of enzymes made by the pancreas
* Futures for the Dow Jones industrial average DJc1, the S&P 500 SPc1 and the Nasdaq 100 NDc1 stock indexes are up from 0.2 to 0.4 percent, pointing to a higher start when the U.S. markets open on Friday.
NEW YORK - Progress Energy Inc's (PGN.N) 838-megawatt Crystal River 3 nuclear power unit in Florida was back at full power early Friday, up from 77 percent of capacity late Thursday, the U.S. Nuclear Regulatory Commission said in its power reactor status report.
WASHINGTON - U.S. drug reviewers questioned a Genzyme Corp (GENZ.O) study meant to back wider use of the company's Clolar leukemia drug, according to documents released on Friday ahead of an advisory panel review.
NEW YORK - U.S. stock futures rose on Friday after a better-than expected quarterly performance from computer maker Dell Inc (DELL.O) boosted the technology sector ahead of key U.S. consumer data.
China Mobile is to release the closely-watched 3G Ophone next week, while rival China Unicom is to bring Apple's iPhone to China as soon as Friday, which may add fuel to the flames in the fiercely competitive Chinese market.
Wuhan Iron & Steel Co.(WISCO) plans to raise as much as 12 billion yuan ($1.8 billion) in a rights offer to buy factories and a stake in a construction-steel maker from its parent, after a plunge in net income of first-half 2009.
Kazakhmys PLC, the largest copper producer in Kazakhstan names Clinton Dines, former CEO of BHP Billiton China, as an additional independent non-executive director.
Just two months out of bankruptcy, Chrysler Group has renewed the hunt for a manufacturing partner in China as it prepares to revamp its product lineup under the control of Italy's Fiat SpA (FIA.MI), three people with knowledge of the discussions said.
French car maker PSA Peugeot Citroen (PEUP.PA) sees total car demand in Europe in the second half of the year falling less than expected, its head said on Wednesday.
Nissan Motor Co Ltd (7201.T) and Chrysler Group LLC said on Wednesday they have abandoned vehicle-supply projects announced last year that would have provided Nissan with a Chrysler-produced pickup truck.
