IBT Staff Reporter

Leading policymakers spoke with unusual frankness on Friday of their fears that the euro zone's financial and banking woes could derail the global economic recovery.

McDonald's Corp has recalled at least 13.3 million Shrek-themed drinking glasses in the United States and Canada after consumers were warned to stop using them because they contain the toxic metal cadmium.

Even the all-time greats need help to do their best.

McDonald's Corp has recalled 12 million Shrek-themed drinking glasses in the United States after a federal agency warned consumers to stop using them because they contain the toxic metal cadmium.

The economic downturn has clipped the wings of luxury air travel.

Honda Motor said on Friday it settled a labor dispute at a Chinese car parts plant after almost three weeks of disruption, allowing it to build cars again in the world's fastest-growing market.

(Corrects number of drinking glasses in stores or not yet shipped in paragraph 12)

The homeownership rate will drop further unless house prices rise substantially, as people who owe more on their mortgage than their house is worth become renters, according to a study released Friday.

Wal-Mart Stores Inc will add more than 500,000 employees in the next five years as it increases its global presence, even as it works to improve sluggish U.S. sales, CEO Mike Duke said on Friday.

The most worrisome number in Friday's disappointing U.S. employment report may be 6,600.

The continued failure of BP's efforts to stop the Gulf oil spill and mounting political pressure are putting the very future of the British-based oil giant in question. BP shares plunged again on Tuesday, wiping $17 billion off the market capitalization of the company. Premiums on credit default swaps to insure the company's debt soared 75% to $178,000 for $10 million as analysts began to question whether the company can survive the financial and reputational costs of the Deepwater Horizon catas...

Agricultural Bank of China , preparing for the world's largest-ever IPO, unveiled key financial figures on Friday, detailing plans to issue up to 47.6 billion new shares and forecasting a sharp rise in yearly net profit.

The German government has delayed a vote which was expected to rule out federal aid for General Motors' European unit Opel, giving Opel's supporters a few more days to lobby Berlin to change its mind.

General Motors and Chrysler are reasonably positioned for growth after U.S. intervention saved the companies last year, and government support for the auto sector will begin to be pulled back, the manufacturing adviser to the president said on Thursday.

Honda Motor Co said it will resume car output at four plants in China on Friday but the outlook for next week remains uncertain as some workers at a parts factory have not yet agreed to a full return to work.

Electric cars offer a chance to develop lucrative new technologies, and suppliers would benefit from grabbing more of this work -- but they will have to fight carmakers keen to hold on to control of future profits.

In third to last paragraph, corrects that Schering-Plough, not J&J, hired Hassan in 2003

Electric carmaker Tesla Motors said on Wednesday it does not expect the contentious divorce of its chief executive, Elon Musk, to affect its plans to list its shares and does not rely on him to provide further funding.

Bankrupt financial group Lehman Brothers Holdings Inc plans to sell about 450 works by contemporary artists including Robert Rauschenberg at an auction in September, according to court documents.

U.S. stocks fell 2 percent on Friday as a disappointing May payrolls report and another possible debt crisis, this time in Hungary, intensified fears about the stability of the economic recovery.

Thousands of Wal-Mart Stores Inc employees gathered in a basketball arena in Arkansas on Friday, looking for big-name entertainment and pep-rally motivation, while shareholders were looking for more cash.

Wal-Mart Stores Inc announced a new $15 billion share repurchase plan at its annual meeting on Friday, as shareholders look for greater returns from the world's largest retailer.

U.S. private employers hired fewer workers than expected in May, a setback for the labor market recovery, even as temporary census hiring pushed overall payrolls growth to its fastest pace in 10 years.

Private employers hired fewer workers than expected in May, a setback for the labor market recovery, even as temporary census hiring pushed overall payrolls growth to its fastest pace in 10 years.

U.S. nonfarm payrolls grew at their fastest pace in 10 years in May, buoyed by recruitment for the decennial census, but private hiring slowed sharply, disappointing investors looking for a stronger figure.

Chile's state copper think tank Cochilco said Friday it raised its forecast for copper prices to $3.20 per lb in 2010 despite the ongoing market volatility stemming from Europe's debt woes. Cochilco, which helps set price views for the world's top copper miner Codelco [CODEL.UL], said it also raised its 2011 average copper price forecast to $3.30 from $3.20.

Nonfarm payrolls grew at their fastest pace in 10 years in May, buoyed by recruitment for the decennial census, but private hiring slowed sharply as businesses opted to increase hours rather than hire new workers.

Nonfarm payrolls grew at their fastest pace in 10 years in May, buoyed by recruitment for the decennial census, but private hiring slowed sharply as businesses opted to increase hours rather than hire new workers.

Stocks fell sharply on Friday after the May payrolls report showed private hiring was much lower than expected, raising fears about the strength of the economic recovery.