IBT Staff Reporter

State and local regulations in shale oil- and natural gas-rich plays across the United States provide sufficient oversight, compared to the dysfunctional federal layers that could hinder development as well as the economic recovery, Exxon Mobil Corp Chief Executive Rex Tillerson said on Friday.

Stocks pared gains in late trading on Friday, as worries about Greece increased after news that a derivatives group has declared a Greek credit event.

Oil major ConocoPhillips, billionaire investor Carl Icahn, Coca Cola and giant energy trader Mercuria are among a crop of previously unnamed, high-profile former clients of bankrupt futures brokerage MF Global, an examination of claims filed in the case shows.

A new compensation plan for housing-giants Fannie Mae and Freddie Mac announced on Friday by their government regulator will eliminate executive bonuses and target CEO pay at $500,000.

Ford Motor Co will offer lump-sum payouts as an option for future salaried retirees in the United States as part of its push to decrease the risk presented by its pension obligation.

Search engines users disapprove of personal data being collected for search results or for targeted advertising, according to a Pew survey released on Friday that underscored the public's growing concern with web privacy.

Stocks advanced on Friday after another strong monthly jobs report showed the economic recovery was expanding.

Apple Inc is expanding its presence in Texas with a $304 million investment to build a new campus in Austin, which will add 3,600 jobs over the next decade, more than doubling its workforce in the city.

Stocks rose on Friday after another strong monthly jobs report showed the economic recovery was broadening.

The dollar rallied broadly on Friday as strong payrolls data highlighted a growing disparity with struggling economies in other regions of the world.

Freddie Mac requested $146 million from the U.S. Treasury in order help make interest payments on government loans used to keep the mortgage buyer afloat, the company said Friday.

Employment grew solidly for a third straight month in February, a sign the economic recovery was strengthening and in less need of further monetary stimulus from the Federal Reserve.

Employment grew solidly for a third straight month in February, a sign the economic recovery was broadening and in less need of further monetary stimulus from the Federal Reserve.

The U.S. trade deficit widened more than expected in January as high oil prices and resurgent demand helped pushed imports to a record high, a Commerce Department report showed on Friday.

Stocks rose on Friday, adding to their best two-day run in nearly three months, after a report showed the economy added more jobs than expected in February.

Stocks were set for a higher open on Friday after a report showed the economy added more jobs than expected in February, which could push indexes into a higher trading range in the weeks ahead.

Ericsson, the world's top mobile telecoms equipment maker, is to cut jobs at its North American operations as part of a continued drive for greater efficiency in a business seeing slower sales.

Europe's debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday, adding it was still pumping above its target despite a slide in Iranian production.

Stock index futures edged lower on Friday after their strongest two-day gain in nearly three months and ahead of a report likely to show employment grew solidly for a third straight month.

Dutch state-owned bank ABN AMRO said it expected bad loan costs to remain high this year due to the recession in the Netherlands, after a tripling of such costs in the fourth quarter pushed it into a loss.

Stock index futures edged lower on Friday after their strongest two-day gain in nearly three months and ahead of a report likely to show employment grew solidly for a third straight month.

Hatsune Miku has a following that would make most Japanese pop stars green with envy, with thousands of fans at every concert and a big international following.

Greece averted the immediate risk of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into its mountainous public debt and clear the way for a new international bailout.

A South African court on Friday largely dismissed an appeal from government and unions to roll back approval for Wal-Mart's $2.4 billion acquisition of Massmart , ending months of uncertainty about the status of the deal.

Cruise bookings for next year could remain slow until the industry manages to dispel safety concerns after the Costa Concordia capsized off the west coast of Italy in January.

European planemaker Airbus reshuffled its order book but sold no previously unassigned aircraft in February and remains well behind Boeing since the start of the year, company data showed on Friday.

JPMorgan Chase & Co said it had entered into a partnership with AirPlus International, a business travel manager owned by Deutsche Lufthansa AG , to offer expense tracking systems and commercial credit cards to multinational corporations.

China's economy is on course for a soft landing, a clutch of indicators showed on Friday, easing investor fears of a sharp slowdown and revealing ample room for Beijing to loosen policy further to support growth.

Stock index futures pointed to a slightly lower open for equities on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 falling up to 0.2 percent.