CIT and Icahn agree on restructuring plan
Billionaire investor Carl Icahn, who had challenged CIT Group Inc's restructuring plan, said on Friday he was now backing the company's pre-packaged bankruptcy and would provide an additional $1 billion in credit to the lender.
NYSE Euronext sells stake in derivatives platform
NYSE Euronext said it sold a big stake in its U.S. derivatives trading platform to five powerful market players, following the pattern of exchange operators partnering with dealers in the face of possibly sweeping regulatory changes.
Horror videogames scare up record sales
What do Jigsaw from Saw, Freddy Krueger, and Jason from Friday the 13th all have in common, besides serial killing? Videogames, if the horror stars' latest round of promotions are to be believed.
Wall Street hit by financials, outlook concerns
Stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.
IAEA awaits urgent Iran reply on fuel deal
Iran has yet to give a formal response to a U.N.-drafted nuclear fuel proposal after signaling it would do so this week, then leaking demands for major changes that could unravel the tentative pact.
IBM replaces exec charged in insider trading case
IBM has replaced senior executive Robert Moffat as the head of its hardware division, saying he left the company two weeks after he was arrested in a high-profile insider trading scandal.
Nokia to close gaming service N-Gage
Nokia Oyj will close its battered gaming service N-Gage next year, acknowledging failure in its first major services offering.
Wall St hit by financials, outlook concerns
U.S. stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.
Chevron profit hit by oil, refinery weakness
Chevron Corp posted a 51 percent drop in quarterly profit on Friday, becoming the latest oil major to be hit by the steep decline in oil and natural gas prices and anemic margins at refineries.
E-readers may not solve publisher woes yet
Publishers hoping to halt a slide in sales with new electronic reading devices will struggle to get consumers to embrace them until the technology improves, experts say.
Latin to lose its domain over Internet addresses
The body in charge of assigning the world's Internet users their online addresses on Friday said it had agreed to allow the use of any of the world's scripts, no longer just the Latin alphabet.
U.S. consumer sentiment dips in Oct: survey
U.S. consumer sentiment slipped this month as Americans fretted about personal finances and focused on paying down debt, a survey showed on Friday.
Wall St falls on financials' weight; S&P off for Oct
U.S. stocks fell on Friday, led by financial stocks as reports painting a mixed economic picture dented optimism fed by the economy's return to growth.
Target.com expands free shipping ahead of holidays
Target Corp is expanding the number of items that qualify for free shipping on its website and rolling out the shipping promotion two weeks earlier than last year as it looks to win holiday sales.
Consumer sentiment slips in October: survey
U.S. consumer sentiment slipped this month as Americans worried about their personal finances and focused on paying down debts, though confidence in a national recovery remained high, a survey showed on Friday.
Consumer spending falls, sentiment sours
U.S. consumers cut spending in September and turned gloomier this month, underscoring the fragile nature of the economy's recovery even as signs emerged that manufacturing activity may be picking up.
NYSE Euronext beats Street view; sells Liffe stake
Cost-cutting helped NYSE Euronext beat earnings expectations, and the transatlantic exchange operator announced the sale of a big stake in its U.S. derivatives exchange.
Soros: Global deal needed to set new financial world rules
International controls over capital movements and new global playing rules are needed to reinvent the global financial system, billionaire investor and philanthropist George Soros said on Friday.
Honduras' Zelaya set to return to power
Honduras' de facto government buckled under international pressure on Thursday and agreed to allow the return to power of President Manuel Zelaya, who was toppled in a military coup four months ago.
Mass-market U.N. carbon scheme finds favor in India
A new type of U.N. scheme is spreading clean energy technology to millions of people in India, promising to cut carbon emissions and help investors earn valuable carbon credits.
FACTBOX: U.N. scheme aims to bring clean energy to millions
A U.N. scheme designed to cut greenhouse gas emissions and transform the livelihoods of millions of people in developing countries is picking up speed, with dozens of projects being developed or evaluated.
Mid-Day Minute - Oct 30
Consumer Worries; Facebook's Anti-Spam Win, A Multi-Lingual Internet
Japan CO2 emissions from fuel drop
A slumping economy pushed down Japanese CO2 emissions from burning fuels by a record 6.7 percent in the year to March 2009, the trade ministry said on Friday, but the country is still far from meeting its Kyoto Protocol obligations.
At least 47 police killed in Congo ethnic clashes
Armed villagers killed at least 47 policemen trying to intervene in ethnic clashes in northern Democratic Republic of Congo, U.N.-sponsored radio reported on Friday.
EU agrees climate funding deal
European Union leaders resolved a funding dispute on Friday to agree a negotiating position for talks on a global deal to combat climate change.
Colombia, U.S. sign military cooperation deal
Colombia and the United States signed a pact on Friday increasing U.S. access to Colombian military bases, the Colombian government said, deepening its standing as Washington's main ally in the region.
France's Chirac ordered to face embezzlement trial
Former French president Jacques Chirac has been ordered to stand trial on embezzlement charges dating back to his time as mayor of Paris, an unprecedented move against a former French head of state.
Israel endorses draft Iran atom deal as first step
Israel offered cautious praise on Friday for a U.N.-drafted, U.S.-backed proposal for dealing with Iran's enriched uranium, calling it a positive first step toward denying Tehran the means to make nuclear weaponry.
Afghan officials defend plan for more voting centers
Afghan election officials on Friday defended plans to open more polling centers for next week's presidential run-off despite fears not enough is being done to prevent a repeat of the fraud which marred the first round.
Wall St stumbles as financials, energy shares weigh
U.S. stocks fell on Friday, the day after logging their best gains in three months, as sectors that have led the rally pulled back.