Delegates at the UN climate change conference in Cancun have agreed on a deal to curb climate change and fund developing countries on Saturday. Bolivia however, raised objections to the proposals drawn up the host Mexico. The draft comes as respite as the last summit in Copenhagen failed to agree on the best way to cut emissions.
Nissan Motors will deliver the first all electric car Nissan Leaf to a San Francisco bay area resident.
Saudi Arabia said on Saturday that it still favored a $70-$80 range for oil, a restatement of a two-year-old policy that will relieve consumer nations worried that Riyadh might let oil prices get out of control and slow global economic recovery.
Jim Chanos, arguably the most well-known short-seller in the world, is setting his sights on China's troubled real estate construction-driven economy.
Saudi Arabia said on Saturday that it still favored a $70-$80 range for oil, a restatement of a two-year-old policy that will relieve consumer nations worried that Riyadh might let oil prices get out of control and slow global economic recovery.
Airbus parent EADS threw its backing behind Airbus sales chief John Leahy and other current or former executives caught up in a long-running insider trading investigation, saying it was sure they would be cleared.
Satellite phones aren't as clunky as they once were, and technology has made them more powerful. Yet so far few have made the business work
OPEC on Saturday readied an agreement to leave oil production restraints in place, despite a recent surge in crude prices to $90 a barrel.
Precious metals fell across the board in the week to December 10 as a cooling China weighed on demand hopes but the yellow metal remained better alternative in the group amid lingering worries over the euro-zone debt and dollar's ability to play safe-haven.
UniCredit unit Bank Austria plans to contest vigorously a U.S. lawsuit linking it to Bernard Madoff's multibillion dollar financial fraud, the Austrian bank said on Saturday.
Dutch bank ABN AMRO
said on Saturday a $270 million claim filed against it by a trustee seeking to recoup money for victims of Bernard Madoff related to operations now owned by British bank RBS .The Supreme Court said on Friday that it would decide whether generic drug companies could be sued under state law over allegations they failed to provide adequate label warnings about potential side effects.
A loose grouping of cyber activists supporting WikiLeaks has abandoned its strategy of online attacks on organizations seen as hostile to the site in favor of spreading the leaked documents far and wide online.
The company says it can protect copyright holders, despite the longer videos it now allows on the site.
Stocks drifted higher, with the S&P 500 approaching a two-year high, as traders seemed pleased with a narrowing trade deficit and higher consumer confidence, ahead of an expected extension of Bush-era tax cuts by the federal government.
A rise in U.S. consumer confidence to its highest in six months and a much bigger-than-expected contraction in the country's trade deficit pointed to a firmer economic recovery on Friday.
(Updates with details on the numbers of banks closed
Prices to Buy Gold held firm in London on Friday, ending of what one London trader called another roller-coaster week some 1.7% lower for Dollar and Sterling investors but unchanged vs. the single Euro currency.
The United States recorded a larger-than-expected $150 billion budget gap last month, the largest shortfall for any November, Treasury Department data showed on Friday.
Finland's Rovio Mobile, known for its Angry Birds puzzle video game, unveiled on Friday payment software that gives mobile telecom operators a chance to win a share of booming app store business.
There are plenty of concerns surrounding U.S. Treasuries, yet a Treasury crisis doesn't seem to be happening.
A Chinese auto sales company traded up slightly and a Chinese tech company fell in U.S. stock market debuts on Friday, a sign that not every Chinese companies will get a blank check in its initial public offering.
