MANAGEMENT

As his campaign for U.S. president fails to take flight, some donors to Republican hopeful Tim Pawlenty are having second thoughts.

China's second-biggest train maker will recall 54 bullet trains used on the new showcase Beijing-Shanghai line for safety reasons, the firm said on Friday, dealing a fresh blow to the nation's scandal-plagued rail system.

European stock markets rose on Friday as a ban on short-selling financial shares prompted investors to creep back into battered banking shares, although concerns over the health of French banks kept the mood edgy.

China's second-biggest train maker will recall 54 bullet trains used on the new showcase Beijing-Shanghai line for safety reasons, the firm said on Friday, dealing a fresh blow to the nation's scandal-plagued rail system.

A federal panel sketched out its first vision of a regulatory roadmap for the booming shale natural gas industry on Thursday, urging more transparency on the use of chemicals and more careful treatment of waste water.

TCW's incoming CEO in 2009, Marc Stern, tried to sow discord and drive a wedge between Jeffrey Gundlach and his tight-knit mortgage-backed securities team, Gundlach testified on Thursday.

Oil is likely to remain weak in the short term due to the sluggish global economy, while gold reaches new peaks on its increasing safe haven appeal and an expected further easing of U.S. monetary policy, a London-based fund manager said.

The Dow Jones industrial average rebounded on Thursday soaring 423.37 points, or 3.95 percent, to 11143.31, after a disappointing 520-point loss on Wednesday, the ninth-largest point drop ever, because of growing fears about the health of Europe's banks and the probabilities of a global economic recession. Meanwhile, the Nasdaq gained 111.63 points, or 4.69 per cent, to 2,492.68.

Arsenal have plenty of moves to make in the next few days.

Jeffrey Gundlach said he never told anyone on his staff to download data from his former employer, Trust Co of the West, or copy valuable trading information -- though he did briefly consider such an action.

Nokia is getting closer and closer to losing the top spot in terms of phones shipped globally as its share continues to sink.

Verizon Communications (NYSE:VZ) claims all is going well with its landline operations, though has filed injunctions against striking employees for destruction of property.

As the Verizon strike turns nasty, management is seeking injunctions to limit the number of strikers at company sites.

Stocks jumped on Thursday as solid results from Cisco and mildly encouraging U.S. jobs data gave investors an excuse to scoop up shares beaten down in several days of sharp selling.

The Iranian Foreign Ministry warns against travel to the UK during the riots as President Mahmoud Ahmadinejad calls on the U.N. Security Council to investigate "savage aggression" by police.

With the appointment of nine of 12 members, the "super committee" charged with reducing the budget deficit by at least another $1.5 trillion is taking shape. The body could help stabilize the financial markets by announcing a ?quick-start? agreement on additional debt reduction.

Cisco CEO John Chambers gets credit for the networking company's stock jump

UK Prime Minister David Cameron delivered the following address to Parliament on Thursday, regarding the civil disturbances that have swept across urban Britain.

The top after-market NASDAQ Stock Market gainers are: Gibraltar Industries, Nara Bancorp, Bon-Ton Stores, Medivation, and Altra Holdings. The top after-market NASDAQ Stock Market losers are: Open Text, Qlik Technologies, China Gerui Advanced Materials Group, Home Inns & Hotels Management, and Shanda Interactive Entertainment.

At Charlie Sheen's faux funeral on "Two and a Half Men," there will definitely be tears -- of laughter.

Republicans named their six members on Wednesday to a U.S. congressional deficit-reduction super committee, including a favorite of the conservative Tea Party movement and other no-new-taxes hardliners.