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Gains in financials, technology stocks lift market
Investors are finding some appetite for risk after a jittery week.
Geithner says derivatives blindsided the gov't
Treasury Secretary Timothy Geithner is telling lawmakers the U.S. economy stumbled last year in part because the power and risks of an explosive derivatives market blindsided the government.
Oil below $60 as traders eye company results
Oil prices slid below $60 a barrel Friday as investors braced for company earnings reports next week that will provide clues on the strength of crude demand.
Obama: full economic recovery 'a ways off'
President Barack Obama said Friday the world apparently has averted economic collapse but a "full recovery is still a ways off."
AP Source: AIG consults administration on bonuses
American International Group Inc. is consulting with the federal government about its plans to pay millions of dollars in retention incentives and bonuses, a person familiar with the situation said.
China's June exports down 21.4 percent
China's exports and imports fell again in June but declines were less severe than in May, data showed Friday, adding to signs the world's third-largest economy is recovering from its slump.
China accuses Rio workers of stealing price data
Four detained Rio Tinto Ltd. employees are accused of paying bribes for secret information about China's stance in iron ore price talks, state media said Friday in a case that highlights the volatile Chinese mix of business and politics.
India's Infosys says quarterly profit up 1.6 pct
Indian outsourcing bellwether Infosys Technologies Ltd. reported a slight rise in quarterly profit in dollar terms but warned of a steep drop in revenue as its global clients struggle to cope with the economic slowdown.
