Boeing has been reported to wait for approval pending with the US government regarding purchase of F/A-18 jets by the Navy and Kuwait. Delay in approving funds has become a growing concern. Further delay in rendering approval may compel in Boeing authority to decide hundreds of millions dollar fund to keep its Saint Louis plant operative.

Facebook has introduced an app naming Free Basics in collaboration with Reliance group. Due to allegations for violating net neutrality, TRAI has instructed Reliance group to restrict access into Free Basics till completion of the investigation over its legal aspects. But industry insiders believe, Facebook may reappear with greater vicinity anytime soon.

Brian T. Moynihan, the CEO of BOA has been awarded with a pay package of $16 million, a 23% rise from the previous year. However, the package will reach at maximum if BOA can touch 0.80% earning against assets during the next three years. JP Morgan Chase & Co. CEO James Dimon has ranked top in receiving pay packages for the 2015.

The average oil price has dipped well below $30 a barrel on Thursday, which has been reported to be sold at $31 on Friday. Sharp fall of oil prices on Thursday has been analyzed as the triggering factor for some bargain hunting by some traders. However, equity market has also witnessed a boost which is believed to be induced by oil price soaring.

Commerzbank posted a profit for the fourth quarter of 2015, helped by lower provisions for bad debts. The bank expects to report a mild increase in 2016 net profit.

A recent research shows that there is a significant increase in the use of online dating services, especially via mobile dating apps. There are also significant increases in two particular age groups, which is young adults and older adults between the age of 55-64 years old. Personal safety remains a major issue for online daters, but most still believe that the method is more efficient and help them find a better match.

Tesla has release it's Summon software update that will allow users of its Model S to remotely park their cars. The technology will also increase the safety for the driver.

Following Verizon, AT&T announced on Friday to conduct field test of 5G network by the end of this year. The fifth generation of mobile network will offer data transfer speed beyond current capacity in 4G network.

Soundcloud's financial report revealed that the company is experiencing significant loss in 2014, and the losses had started from several years before. The 2014 loss was due to large expenses, even though Soundcloud's revenue actually experienced a growth. The company expects to face losses for the next three years, but they are striving to plan strategies to increase income.

Although stock market instability still affects the market worldwide, but an International economist argued that it is far from upsetting American middle class. However, market volatility continued as indexes fell for five consecutive days.