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NEW YORK (Reuters) - The Dow and S&P 500 closed up for a third straight session on Friday after several solid consumer-related reports reinforced investors' confidence in a steady recovery by the economy. Full Story »
WASHINGTON (Reuters) - The House of Representatives approved the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration and top Democrats in Congress. Full Story »
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NEW YORK (Reuters) - Private equity firm Terra Firma Full Story »
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WASHINGTON/NEW YORK (Reuters) - The U.S. pay czar on Friday expanded a crackdown on pay packages at four companies rescued with taxpayer money, limiting most cash salaries at $500,000 for a second tier of top earners. Full Story »
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WASHINGTON (Reuters) - Airbus parent EADS is sticking to plans to boycott a potential $50 billion competition to build a U.S. Air Force refueling fleet absent major changes in the way the winner would be picked. Full Story »
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WASHINGTON (Reuters) - Consumers stepped up their spending in November and grew more optimistic this month, unexpectedly strong data showed on Friday, raising hopes a self-sustaining economic recovery was starting to unfold. Full Story »
WASHINGTON (Reuters) - The Federal Reserve, meeting next week to set monetary policy, faces the tricky task of acknowledging a pick up in economic activity without spooking fragile markets into believing interest rate hikes are imminent. Full Story »
WASHINGTON (Reuters) - Securities regulators are looking at what Bank of America disclosed to shareholders as it was acquiring Merrill Lynch, including the investment bank's mounting fourth-quarter losses that eventually topped $15 billion. Full Story »
NEW YORK (Reuters) - A jailed New York hedge fund manager whose fraud was revealed in the wake of the Madoff scandal, admitted in court on Friday to fabricating client account statements and overstating asset values by hundreds of millions of dollars. Full Story »
LOS ANGELES (Reuters) - Republic Federal Bank, N.A. was closed by regulators on Friday, bringing the total number of bank failures so far this year to 131, the Federal Deposit Insurance Corp said. Full Story »
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