Countrywide Financial Corp shares leaped higher on Friday after the U.S. Federal Reserve lowered a key borrowing rate, making it easier for lenders to obtain credit.
A group of major banks meeting in a conference call with U.S. monetary policy officials expressed strong support for the Federal Reserve's move on Friday to bring stability to volatile financial markets by reducing the discount lending rate.
U.S. stocks rose on Friday after the Federal Reserve cut the discount rate at which it lends to banks in a surprise move to keep worsening credit conditions from hurting the economy.
The global credit squeeze is removing a crutch that has done much to prop up the U.S. stock market during the past 18 months.
Film company United Artists,will use the funds for 15 to 18 movies over the next five years.
U.S. stock market Nasdaq said on Friday that it remained committed to its plan to acquire Nordic exchange OMX and urged shareholders to support its bid after a $4 billion rival offer emerged from Borse Dubai.
France's biggest listed bank BNP Paribas said its exposure to subprime risk was limited and manageable as it moved to reassure investors a week after rattling markets by freezing three of its funds.
An investment arm of U.S. insurance giant AIG has completed the planned acquisition of 90 percent of Bulgaria's dominant telecoms company BTC, AIG said on Friday.
The United States cannot renegotiate a historic nuclear energy deal with India which has drawn strong criticism from politicians in New Delhi, the main U.S. negotiator said in remarks published on Friday.
Think of a retail boutique with a very, very limited range of products and bargain basement prices. Now, put that on the Internet and you have the next big thing in online shopping.
People using CIA and FBI computers have edited entries in the online encyclopedia Wikipedia on topics including the Iraq war and the Guantanamo prison, according to a new tracing program.
The dollar fell against the euro and high-yielding currencies on Friday after the Federal Reserve cut the discount rate and said downside risks to the U.S. economy have increased.
Oil jumped $1 a barrel on Friday after the U.S. Federal Reserve cut its discount rate by 50 basis points to restore order in financial markets that have been hammered by credit worries.
Jose Padilla, a U.S. convert to Islam once accused by the Bush administration of plotting a radiological dirty bomb attack, was found guilty on Thursday of unrelated charges he offered his services to terrorists.
St. Louis Federal Reserve President William Poole said on Friday rising protectionism in the United States was a worry, but avoided any mention of the current economic or policy outlook in a speech.
On the same December day Merrill Lynch & Co. Inc. paid $1.3 billion for a subprime lender, the world's largest brokerage got a rude introduction to risky mortgages.
Nokia said on Friday it had asked the U.S. International Trade Commission (ITC) to bar the import of some Qualcomm Inc chipsets to the United States, alleging they are infringing five Nokia patents.
Many Chinese toy workers have lost their jobs following Mattel Inc.'s global recall of toys, an industry body said on Friday, but insisted overall confidence in their products was high ahead of the key Christmas season.
Midwest Air Group Inc., which had been fending off hostile suitor AirTran Holdings Inc., on Friday said it accepted a raised bid of about $450 million from private equity firm TPG Capital and Northwest Airlines Corp.
Sprint Nextel Corp is keeping an eye on the U.S. economy as stock markets take a rollercoaster ride and credit tightens, but its chief executive said on Thursday telecommunications companies have some insulation against a downturn.
A bid by Pfizer Inc. to win reissuance of a U.S. patent protecting its blockbuster Lipitor cholesterol medicine has been rejected on a preliminary basis, the company said on Friday.
Borse Dubai launched a $4 billion cash offer for Nordic exchange owner OMX on Friday, trumping an agreed deal with U.S. exchange Nasdaq, in a bid to create a group with global reach.
