World equity markets rallied, with European stocks surging the most in more than two years, and bond prices slid on Friday as investors poured back into beaten-down markets on solid U.S. corporate earnings and rising consumer sentiment.
North America
Creditors take aim at Energy Future plan for sale of Oncor stake
Energy Future Holdings squared off against creditors in court on Friday as the bankrupt Texas power company sought approval to begin a multibillion dollar auction of its interest in Oncor, a power transmission business.
Billionaire Mark Cuban says he is buying Netflix shares
Mark Cuban, the billionaire investor and owner of the Dallas Mavericks basketball team, is buying Netflix Inc (NFLX.O) shares because he considers the video streaming company to be an acquisition target.
Elliott names seven for Family Dollar board, backs Dollar General bid
Activist investor Elliott Advisors UK Ltd nominated seven candidates for election to Family Dollar Stores Inc's (FDO.N) board as it looks to push for a sale of the dollar store operator to bigger rival Dollar General Corp (DG.N).
Ebola plush toys fly off the shelf for Connecticut company
It may be the only time you will find these words in the same sentence: "Ebola" and "Add to Wishlist." Giantmicrobes Inc., which makes a line of plush toys based on viruses and other microscopic organisms, has sold out its entire Ebola stock, including the small Ebola doll for $9.95, a Gigantic Ebola doll for $29.95 and an Ebola Petri Dish toy for $14.95, according to the company's website.
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It is a tossup whether the market found a bottom this week, but bulls could find some support as corporations, mostly on the sidelines as the market tumbled, step up their stock purchases in the coming weeks.
U.S. President Barack Obama signed an executive order on Friday to beef up security measures for federal credit cards, and urged banks and retailers to follow suit in an effort to combat the growing threat of identity fraud.
Morgan Stanley (MS.N), which has spent three years throwing out bad apples from its fixed income trading portfolio, now wants to put the freed up money into businesses that bear healthier fruit.
U.S. stocks extended their rebound from this month's bruising selloff on Friday, giving the S&P 500 its best day in over a week, as worries about the U.S. earnings outlook eased, but the S&P 500 still posted its fourth straight week of declines.
While the appearance of the deadly Ebola virus in Texas is worrying the nation, it has yet to lead Americans to take a more cautious view over how to spend their money, data suggested on Friday.
U.S. housing starts and permits rose in September, a signal the market's modest recovery is supporting what appears to be growing strength in the broader economy.
Measuring the point at which investors have exhausted their selling in a market downturn is an inexact science at best, and at its worst akin to sticking a finger in the air to judge shifting winds.
Amazon.com Inc is expanding its online grocery delivery program to Brooklyn's well-heeled Park Slope neighborhood on Friday, giving the No. 1 U.S. online retailer a foothold in one of the wealthiest and densest markets in the United States.
The top 113 earners among staff at the Federal Reserve's Washington headquarters make an average of $246,506 per year, excluding bonuses and other benefits - more than Fed Chair Janet Yellen and nearly double the normal top government rate.
