IBT Staff Reporter

Rising oil prices and tumbling bank shares dragged Wall Street lower on Friday, with stocks surrendering the previous session's hefty gains.

Wall Street erased most of its weekly gains on Friday as fears of more geopolitical turmoil and higher oil prices threaten to stifle rallies in coming weeks.

More and more people continue to discover the art of buying back thanks to the emergence of the iPad 2, and wanting to upgrade from the original.

U.S. stocks closed down and erased most of gains for the week on Friday as fears of more geopolitical turmoil and higher oil prices threaten to stifle rallies in coming weeks.

Brent oil prices pushed back above $116 a barrel and U.S. oil hit its highest since September 2008 on Friday, as fighting in Libya intensified and threatened the country's oil sector.

The jobs outlook is growing dimmer and dimmer for the public sector.

France faced severe political embarrassment on Friday after carmaker Renault said the three top executives it sacked for industrial espionage in January might not be spies after all.

Wall Street erased all of its weekly gains on Friday as fears of more geopolitical turmoil and the impact of high oil prices drove investors to sell risky assets like stocks.

Europe's EADS called a news conference for 12:00 p.m. EST on Friday to discuss the government's decision last week to award a $30 billion refueling plane contract to Boeing Co .

CBS Corp has acquired Clicker Media Inc, a service that creates a guide for TV shows broadcast over the Web, and named the startup's top executive as the new head of CBS Interactive.

Federal prosecutors said they plan to introduce audiotape evidence at next week's trial of Raj Rajaratnam showing that the Galleon Group founder conspired with former Goldman Sachs Group Inc director Rajat Gupta to get inside tips about the Wall Street bank.

Late to the party, Microsoft will release its tablet OS in 2012, sources say.

A new technology, originally used for plant growth experiments on space shuttles, can reduce the pain that comes from chemotherapy.

Ireland's new prime minister in waiting pleaded with fellow European conservative leaders Friday for easier terms on Dublin's financial bailout loans but was told there would be no free lunches.

European leaders must deliver a convincing response to the euro zone's debt crisis regardless of a European Central Bank threat to raise interest rates, German Chancellor Angela Merkel said on Friday.

Ford Motor Co has settled a lawsuit in which it accused Italian automaker Ferrari of infringing its trademark for the popular F-150 truck.

University of California, Berkeley students ended a potentially dangerous protest atop the fourth story ledge of one of the buildings on campus on Thursday, as they demanded a halt to cuts in the school's budget.

Steve Jobs appeared and showed Apple iPad2. iPad 2 is thirty-three percent tinner and it's up to 15 percent lighter. Not only thiner, lighter but it's also full of great ideas.

Judo enthusiast Patrick Pelata knows all about falls, and he looks almost certain to take one to protect his boss as an embarrassing spying debacle engulfs Renault's boardroom.

(Corrects Reuters instrument code in 1st paragraph)

In the wake of the failure of the Glory mission, NASA is setting up a mishap investigation board to find out what happened.

Employers hired more workers in February than in any month since May last year and the unemployment rate fell to a near two-year low, raising hopes the economic recovery has gathered critical momentum.

When Lockheed Martin wanted to sell C-130 military transport planes to the government of Chad in early 2007, the U.S. embassy in N'Djamena was ready to lend a hand.

New study reveals that the vast Antarctic ice sheets covering 98 per cent of the continent are not always formed by falling snow, but could have, in places, been the result of refreezing water from below.

Corrects closing share price and day of the week, paragraph 2

In the much-buzzed about remake of Wonder Woman Hurley has been cast as the superhero's nemesis. Actress Adrianne Palicki has been cast as Wonder Woman.

New orders received by factories leaped 3.1 percent in January, marking their biggest increase since September 2006 on a massive surge in aircraft orders as the manufacturing outlook signaled a continuing improvement.

U.S. crude prices jumped to their highest since September 2008 on Friday and Brent rose above $116 a barrel as Libyan security forces cracked down on protesters in Tripoli and clashed with rebels near the major oil terminal of Ras Lanuf.

Long outgunned by Wall Street's big brains and big budgets, U.S. financial regulators are hoping to close the gap -- if they get the money to do it.