IBT Staff Reporter

Lloyds and Royal Bank of Scotland could face stormy investor meetings in the next two weeks after a leading governance body urged shareholders to oppose the banks' proposed pay plans.

Lenovo, the world's No.4 PC brand, has emerged as the leading candidate to buy struggling smartphone maker Palm, after the U.S. firm was rebuffed by other potential Asian buyers, sources said.

Diversified U.S. manufacturer Honeywell International Inc boosted its full-year earnings target after reporting a first-quarter profit that topped Wall Street's expectations.

World finance leaders will seek to assure markets on Friday that the global economy is recovering despite the cloud cast by debt-troubled Greece and its request for a huge bailout.

The writer of a book entitled How I caused the credit crunch worked for the unit of Goldman Sachs that sold the financial product at the heart of U.S. fraud allegations against the bank.

Johnson Controls Inc raised its fiscal-year earnings forecast on Friday after posting a better-than-expected quarterly profit amid increased auto production, sending its shares 2 percent higher.

U.S. stocks were little changed on Friday as a morning rally lost steam and worries about the long-term outlook for Greece's shaky finances curbed investors' appetite for risk.

Did you hear that Goldman Sachs made the Iceland volcano erupt? It did pretty well shorting airlines.

Debt-stricken Greece appealed to its European partners and the IMF for emergency loans on Friday, yielding to overwhelming market pressure to set in motion the first financial rescue of a member of the euro zone.

(Reuters) - Novo Nordisk's new diabetes drug Victoza proved more effective than Merck & Co's Januvia in a head-to-head study, boosting prospects for a product that has got off to a strong start in key markets.

(Reuters) - People who got immunized against the 1976 swine flu epidemic that never happened may have benefited from the shots after all -- they may have been protected from the 2009 H1N1 swine flu strain.

It's really important to remember that achievements are essential to every single resume.

U.S. stocks edged higher on Friday as a sharp jump in new home sales suggested the economic recovery was on track, adding to optimism about corporate earnings.

Xerox Corp posted a higher-than-expected first-quarter operating profit, on rising demand for its document management and printing services from small businesses and developing markets.

(Reuters) - Department of Health and Human Services Secretary Kathleen Sebelius has called on health insurer WellPoint to stop dropping coverage for patients recently diagnosed with breast cancer, calling the practice deplorable.

Sales of newly built U.S. single-family homes rebounded strongly in March to touch their highest level in eight months as buyers rushed into the market to take advantage of a homebuyer tax credit, a government report showed on Friday.

Mitsubishi Motors Corp said on Friday it is aiming to boost its sales by 44 percent this year in the booming China market, with a target to more than double sales there in 2015 from last year's levels.

Schlumberger Ltd , the world's largest oilfield services company, reported a 28 percent drop in quarterly profit, slightly beating Wall Street forecasts, and said the markets outside North America improved.

Honda and Volvo are both planning to launch clean-energy cars in China, joining a growing crowd of domestic players developing such models to take advantage of expected generous government incentives.

Xerox Corp posted higher-than-expected first-quarter operating profit, fueled by growing demand for its document management and printing services from small businesses and in developing markets.

Chinese car makers may have the world's largest market to play in but face many hurdles including a shortage of original models, an overcrowded industry and a lack of overseas acquisition targets before they can challenge for global leadership.

U.S. home prices fell 0.2 percent on a seasonally adjusted basis in February and dropped 3.4 percent in the year, the Federal Housing Finance Agency said on Thursday.

Wall Street was set to open little changed on Friday as investors weighed strong earnings against Greece's move to trigger an aid package that could become the largest state bailout ever attempted.

New orders for long-lasting manufactured goods excluding transportation last month posted their largest gain in more than two years, suggesting the economic recovery was gathering momentum.

Debt-stricken Greece appealed to its European partners and the IMF for emergency loans on Friday, yielding to overwhelming market pressure to set in motion the first financial rescue of a member of the euro zone.

New orders for long-lasting U.S. manufactured goods unexpectedly dropped in March as civilian aircraft bookings plunged, but recorded their largest gain in more than two years excluding transportation, government data showed on Friday.

A Morgan Stanley real estate fund won an agreement with lenders for a 60-day extension on about $2.4 billion in loans used in a troubled hotel investment in Japan, two sources with knowledge of the deal said.

World finance leaders gather in Washington on Friday hoping to plot a course beyond the financial crisis, but Greece's worsening debt woes served as a stark reminder the global economy remains vulnerable.

New York-based Soros Fund Management LLC will have to pay a fine of 489 million forints ($2.5 million) for unlawful trades in shares of OTP Bank , market regulator PSZAF said.