IBT Staff Reporter

U.S. investigators are probing the former head of American International Group Inc's Financial Products unit, Joseph Cassano, and other executives for securities fraud, a law enforcement source familiar with the case said on Friday.

Italian online fashion retailer Yoox's decision to float on the Italian bourse by Christmas does not mean the IPO market will re-open to luxury groups that have been waiting to list for more than a year.

Dealmakers are not known for their patience. Yet that's what's needed more than anything else a year after Lehman's collapse.

Motorola Inc shares rose 6.5 percent on Friday on hopes the company could turn around its loss-making handset business with the new cellphone it developed with Google Inc.

Russia's Vladimir Putin on Friday gave his strongest indication yet that he may run again for the presidency at the next election in 2012.

President Barack Obama sought to rally Americans behind the war in Afghanistan on the eighth anniversary of the September 11 attacks on the United States as opinion polls show faltering public support for the conflict.

Improving U.S. consumer sentiment and a big drawdown in wholesale inventories on Friday built on recent evidence that an economic recovery was picking up speed.

The U.S. economy is tentatively emerging from severe recession and inflation, as well as inflation expectations, are under control, Chicago Federal Reserve Bank President Charles Evans said on Friday.

Stocks dipped toward session lows on Friday, weighed down by a pullback in shares of energy companies that followed oil futures lower.

Sri Lanka said Friday it has sent nearly 10,000 war-displaced people back to their villages in the island nation's north and east, four months after the military won a 25-year-old war with Tamil Tiger separatists.

On September 11, 2001, hijacked passenger airplanes destroyed the World Trade Center in New York City and damaged the Pentagon in Washington D.C. killing near 3,000 people.Following is a brief timeline of the events of the day.

There is little support in Congress for sending more U.S. troops to Afghanistan, the top Democrat in the House of Representatives said on Thursday, indicating possible trouble ahead for President Barack Obama.

Vice president Joe Biden and his wife Jill Biden visited the World Trade Center at Ground Zero on Friday marking the eighth anniversary commemoration of the 9/11 attacks.

Chinese parents wept at a memorial for babies poisoned by tainted milk powder, demanding support for sons and daughters still sick a year after the scandal broke and more research into long-term problems.

Prisoners started a fire during a riot at Iraq's Abu Ghraib prison, U.S. and Iraqi officials said, resulting in some injuries at the jail that became synonymous with U.S. detainee abuse.

Mysterious needle attacks have spread to new cities in China's restive far-western region of Xinjiang, the China Daily said on Friday, although once again the assaults appear to be a mix of real and imagined.

Russian Prime Minister Vladimir Putin said on Friday he had not yet decided whether to run for president in 2012 when Dmitry Medvedev's current term ends.

Social networking site Facebook has rolled out a new slim down version of Facebook aimed at people with slow net connections.

Campbell Soup Co posted a higher-than-expected quarterly profit on Friday, helped by higher prices and increased sales of condensed soup and Prego pasta sauce as people ate at home more to save money.

Nebraska photographer, Tracy Raver, has become the latest sensation in photographing newborns making the moment last a lifetime.

U.S. stocks struggled for traction on Friday after five days of gains, even as positive economic data and a rosier outlook from FedEx supported hopes for economic recovery.

President Barack Obama delivered brief remarks on Friday at a wreath laying ceremony at the Pentagon Memorial in Arlington, Va. remembering the 911 attacks of 2001, the worst seen in the history of the United States.

U.S. investigators are probing the former head of American International Group Inc's Financial Products unit, Joseph Cassano, and other executives for securities fraud, a law enforcement source familiar with the case said on Friday.

U.S. refiners said operations were normal at refineries in Texas and Louisiana on Friday morning as they monitored a storm system in the western Gulf of Mexico that has a low chance of becoming a tropical cyclone.

FedEx Corp said profits in both the current and next quarters would be higher than Wall Street expected, citing an improving economy and stable fuel prices, and its shares jumped 6.8 percent to their best level in nearly a year.

President Barack Obama delivered brief remarks on Friday at a wreath laying ceremony at the Pentagon Memorial in Arlington, Va. remembering the 911 attacks eight years ago.

FedEx Corp said profits in both the current and next quarters would be higher than it had earlier expected, citing an improving economy and stable fuel prices, and its shares jumped 5.4 percent to their best level in nearly a year.

Campbell Soup Co posted higher quarterly operating profit on Friday, helped by higher prices.

U.S. stocks were little changed on Friday as positive data and a rosier outlook from FedEx supported hopes for economic recovery, but Wall Street struggled for traction after five days of gains.