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NEW YORK (Reuters) – Wall St stock index futures pointed to a lower start on Friday as investors stayed cautious ahead of U.S. GDP data, with S&P 500, Dow Jones and Nasdaq futures down 0.3 to 0.4 percent at 5:11 a.m. ET. Full Story »
NEW YORK (Reuters) - The Securities and Exchange Commission charged billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors. Full Story »
NEW YORK (Reuters) - Consumer products maker Newell Rubbermaid Inc reported a higher quarterly profit, boosted by price hikes and strong demand in key markets like Latin America. Full Story »
Canada think tank sees loophole in emissions plans
OTTAWA (Reuters) - Proposed Canadian regulations to cut emissions from cars and trucks may have little to no effect as early "action credits" banked by automakers may be able to carry them through the compliance period, an environmental think tank said on Thursday. Full Story »
PHOENIX - The U.S. Air Force has chosen bases in Arizona, Florida, Utah and Vermont as homes for the military's F-35 Joint Strike Fighter, prompting applause from officials banking on the pricey new combat jets to supercharge their communities' economies. Full Story »
LONDON - British Airways PLC on Friday said its losses widened 15 percent to 122 million pounds ($190 million) in the three months ending June 30 as operations were disrupted by cabin crew strikes and a cloud of volcanic ash from Iceland. Full Story »
ROME - Italian officials are seeking to raise some euro25 million (about $32 million) in private money to finance the restoration of one of the country's iconic landmarks: the Colosseum. Full Story »
NEW YORK - State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die. Full Story »
KIEV (AFP) - Standard and Poor's on Friday said it was raising its assessment of Ukraine's sovereign debt after the IMF agreed a 15 billion dollar package to help its economy emerge from the economic crisis. Full Story »
SAN FRANCISCO (Reuters) - Amazon.com said its best-selling Kindle device was currently out of stock, leading one Internet analyst to surmise the online retailer was poised to launch a new version. Full Story »
WASHINGTON - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges. Full Story »
NEW ORLEANS - BP gas station owners across the country are divided over whether the oil giant stained by its handling of the Gulf spill should rebrand U.S. outlets as Amoco or another name as part of its effort to repair the company's badly damaged reputation. Full Story »
BOSTON - Sen. John Kerry says he always intended to pay taxes in Massachusetts on his $7 million yacht but concedes he mishandled the public furor over his decision to dock the vessel in tax-free Rhode Island. Full Story »
TOKYO - Honda's quarterly profit ballooned to a record 272.4 billion yen ($3.2 billion) and the carmaker raised its full year earnings forecast as sales grew in North America, Japan and the rest of Asia. Full Story »
The world's biggest rice importer, the Philippines, is now "swimming" in the staple grain because of massive imports by the previous government that drove world prices to record highs and possibly enriched corrupt officials. Full Story »
Samsung's quarterly profit surged to a record high as sales of semiconductors, flat panels and TVs climbed, but the electronics giant warned that intensifying competition in areas like mobile phones could dent earnings in coming quarters. Full Story »
A federal judge has ruled that the U.S. Fish and Wildlife Service arbitrarily excluded "critical habitat" that could be occupied by the elusive Canada lynx. Full Story »
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