IBT Staff Reporter

As the largest initial public offering on a U.S. exchange in 18 months, the closely watched share sale of Banco Santander (Brasil) will likely attract plenty of demand next week even as some investors balk at the price of the stock.

Time Warner Inc Chief Executive Jeff Bewkes said on Friday the media conglomerate is not interested in buying General Electric Co's NBC Universal.

Apple and Eminem's music publisher, Eight Mile Style LLC, reached a settlement agreement on Thursday, putting an end to a lawsuit alleging that Apple was never authorized to digitally sell 93 of Eminem's songs on iTunes.

Electronic readers could be the hottest gift this holiday season as a new crop of portable media devices begins to join iPods and other music players as must-have tech accessories.

A court-appointed trustee sued the brother, sons and a niece of imprisoned fraudster Bernard Madoff on Friday for $198 million, accusing them of milking the family-run business while they were executives of the firm.

Oil fell more than 1 percent on Friday, settling below $70 a barrel after U.S. employment figures raised doubts about the strength of the economic recovery.

Bank of America Corp's six-member CEO search committee includes three former directors of FleetBoston Financial Corp, a sign the bank's Boston connection may take a stronger role in setting future strategy.

U.S. House Financial Services Committee Chairman Barney Frank and other lawmakers on Friday urged regulators to delay the December 1 implementation of financial rules to enforce a ban on Internet gambling.

If CIT Group exchanges its debt under an offer aimed at averting a bankruptcy filing, the U.S. government could lose nearly 80 percent of its $2.33 billion investment in the troubled commercial lender.

U.S. stocks were little changed on Friday and on track for their second straight week of losses as disappointment over weak jobs data waned and as brokers' positive comments lifted technology and financial companies.

Amazon.com Inc has settled for $150,000 a lawsuit brought by a high school student and another consumer who claimed the online retailer illegally deleted from their Kindle devices digital copies of George Orwell's 1984.

The International Monetary Fund and the World Bank warned on Friday that the global economic recovery might falter as complacent policymakers lost their will to cooperate.

The number of rigs drilling for natural gas in the United States increased 2 this week to 712, according to a report on Friday by oil services firm Baker Hughes in Houston.

President Barack Obama is unlikely to sign climate legislation ahead of a December U.N. global warming meeting in Copenhagen, the White House's top climate and energy coordinator Carol Browner said on Friday.

First Solar Inc's shares surged nearly 5 percent on Friday, buoyed by news the U.S. solar power company will join the flagship S&P 500 stock index and after it landed a buyer for a 20-megawatt solar power project in Canada.

Bank of America Corp has appointed a six-member group of directors to oversee the search for Kenneth Lewis' replacement.

The International Olympic Committee announced Rio de Janeiro will be the first South American city to host the Olympic Games in 2016.

More investors are likely to move capital into real estate over the next couple of years to scoop up bargains even as the distress that has long plagued residential real estate broadens and takes hold in the commercial sector, a top restructuring expert said.

Gasps and tears greeted the announcement on Friday that Chicago had lost its bid to host the 2016 Summer Games, as the city went from favorite to also-ran in the multibillion-dollar Olympics sweepstakes.

U.S. stocks declined on Friday, though brokers' positive comments on companies in the tech and bank sectors partially offset weaker-than-expected jobs data.

Oil fell more than 2 percent to $69 a barrel on Friday after U.S. employment figures raised doubts about the strength of the economic recovery.

U.S. employers cut a deeper-than-expected 263,000 jobs in September, fueling fears the weak labor market could impede the economy's recovery from its worst recession in 70 years.

The head of the main U.S. securities industry regulator said on Friday the board of Bank of America Corp should make public its intentions as it searches for a new chief executive.

U.S. auto maker General Motors received approval from European Union antitrust regulators on Friday to acquire parts of bankrupt U.S. car parts company Delphi. The European Commission, competition watchdog of the 27-country European Union, said in a statement that the proposed buy of Delphi's mobile electronics and transportation systems would not give rise to competition concerns.

The 2007 leveraged buyout of Lyondell Chemical Co by Basell should not have taken place because it was prohibited under Basell's bondholder agreements, the indentured trustee for Basell's senior bondholders has claimed in a new lawsuit.

American Airlines and fellow Oneworld alliance partners British Airways and Iberia face fresh European Union antitrust hurdles as they look to extend their pact to include coordinated schedules and prices.

Alexander Afanasyev, a veteran worker at Russia's largest car plant, fears he could one day be stabbed by a friend.

The world is in danger of spending its carbon budget by about 2025 and risks temperatures rising beyond 2 degrees Celsius unless nations adopt a flexible carbon accounting system, conservation group WWF says in a report.

Former Federal Reserve Chairman Alan Greenspan said on Friday that the Fed risks igniting a burst of inflation if it does not withdraw its extensive support for the economy at the right moment.