AP - Carmakers Renault and PSA Peugeot Citroen said Friday they are reimbursing ahead of schedule euro1 billion ($1.27 billion) each in loans that were part of the French state bailout of the auto industry.
Reuters - Deutsche Bank is set to lead rivals raising billions of euros as new global capital rules to be unveiled this weekend bite, and showed it may be good to get the jump on the pack.
AP - Fire crews tried to douse the remnants of an enormous blaze and account for the residents of dozens of homes Friday after a gas line ruptured and an explosion ripped through in a neighborhood near San Francisco, killing at least four people and likely more.
AP - Far, far away from a Chilean mine where 33 trapped men struggle to cope as they await rescue, 50 Spanish miners are also deep in the earth's bowels - but by their own choice.
AFP - US President Barack Obama on Friday vowed to keep up pressure on Afghan President Hamid Karzai to tackle widespread corruption, saying it threatened the stability of that country.
Reuters - A key oil pipeline supplying Canadian crude to the United States, Enbridge Inc's 670,000-barrel-per-day Line 6A, remained shut on Friday after the line leaked in Illinois on Thursday.
AP - President Barack Obama insisted Friday that the U.S. economy is digging itself out of the deepest recession in decades but conceded that "progress has been painfully slow" and many voters in November's elections may blame him.
AP - A financial adviser who has worked for Wesley Snipes, Sylvester Stallone and Martin Scorsese pleaded guilty to fraud charges Friday, admitting cheating wealthy and elderly clients out of tens of millions of dollars in what his lawyer said was a "colossal error in judgment."
AP - In a Sept. 9 story about an abortion doctor, The Associated Press erroneously reported that the Guttmacher Institute said the abortion business can be lucrative. The Guttmacher Institute provided costs for abortions but did not say the business could be lucrative.
AP - Fire crews held a wildfire outside of Boulder at bay Friday, allowing some 2,000 evacuees to return home with a warning to be prepared to flee again.
AP - Nokia Corp. is replacing CEO Olli-Pekka Kallasvuo with Microsoft executive Stephen Elop as the world's top maker of mobile phones aims to regain lost ground in the fiercely competitive smart phone market.
AFP - India's industrial output in July surged by a forecast-busting 13.8 percent, data showed Friday, raising chances of further monetary tightening as early as next week to curb stubbornly high inflation.
AP - The U.S. was slow to take seriously the threat posed by homegrown radicals and the government has failed to put systems in place to deal with the growing phenomenon, according to a new report compiled by the former heads of the Sept. 11 Commission.
McClatchy Newspapers - WASHINGTON — President Barack Obama, with his party facing the prospect of huge congressional losses in November, Friday tried to draw sharp distinctions between Republicans and Democrats, arguing GOP plans "are the exact policies that got us into this mess."
Reuters - Securities regulators are probing "fund-of-funds" firms that channel investors' money into hedge funds, looking at supervision of client assets and potential conflicts of interest, according to a person familiar with the matter.
AP - A federal judge said she will issue an order to halt the military's "don't ask, don't tell" policy, after she declared the ban on openly gay service members unconstitutional.
AP - Iran's president intervened to secure the release of Sarah Shourd, one of three Americans jailed for more than 13 months, in part because of her gender, a news agency reported Friday.
AP - Iran's president intervened to secure the release of Sarah Shourd, one of three Americans jailed for more than 13 months, in part because of her gender, a news agency reported Friday.
AP - Hundreds of sex abuse victims have come forward in Belgium with harrowing accounts of molestation by Catholic clergy that reportedly led to at least 13 suicides and affected children as young as two, a special commission said Friday.
Reuters - Michael Barr, assistant treasury secretary for financial institutions, and Edward DeMarco, acting director of the Federal Housing Finance Agency will testify on Capitol Hill next week on the future of Fannie Mae and Freddie Mac .
AP - The Greek government pledged Friday to radically overhaul loss-making state rail company OSE, as official data showed efforts to cut the country's bloated budget deficit remained on track, if slightly asthmatic.
AFP - Teams from the Central African Republic's electoral commission have begun deploying throughout the country to prepare for a census that will begin on September 22, the organisation announced Friday.
Reuters - BCE Inc, Canada's largest telecom, will pay C$1.3 billion for full ownership of the country's biggest private broadcaster, aiming to capitalize on explosive growth in video over wireless devices.
The Upshot - Yesterday, a U.S. District Court judge in California struck down the military's ban on openly gay servicemen and women, ruling that the policy violates their First and Fifth Amendment rights guaranteeing free speech and due process under the law. (You can read the full decision here.) Awkwardly enough, the defendant in the case is the [...]
AP - Germany's main stock market was the only major index in Europe and the U.S. to fall Friday as investors were dismayed by reports that Deutsche Bank AG is planning to raise as much as euro9 billion ($11.4 billion) to lift its stake in Deutsche Postbank AG and shore up its capital base.
AP - U.S. film company Paramount says it is teaming up with officials to develop a branded theme park in the Murcia region on Spain's Mediterranean coast.
AP - Clashes between police and alleged militants left six more people dead Friday in Russia's volatile North Caucasus, even as stunned residents laid flowers in a square where a suicide car bombing killed 17 people and wounded more than 140 only a day ago.
The Upshot - The national media have come under fire this week for giving so much ink and airtime to Terry Jones, the fringe Florida pastor who planned â or possibly still plans? â to burn Qurans on Sept. 11. Some journalists have questioned giving Jones such a huge platform to spout anti-Islam rants. So an NBC reporter's [...]
AP - Authorities in Austin scaled back the search for a missing motorist Friday, a day after a central Texas official said hope was fading that another person swept away by floodwaters from the remnants of Tropical Storm Hermine would be found alive.
The Upshot - Is Marco Rubio the man to beat in Florida's open Senate race? After months of trailing opponent Charlie Crist, the former state GOP House speaker now holds a sizable lead in the closely watched contest. According to a new Sunshine State News poll, 43 percent of Florida voters are leaning toward Rubio, compared with 29 [...]
Reuters - Nokia has hired Stephen Elop, a Canadian Microsoft executive with Silicon Valley credentials, to replace its embattled chief executive and renew its drive to compete with Apple.
Reuters - Wholesale inventories surged by the largest amount in two years in July, a government report said on Friday, in a sign firms were anticipating enough demand to boost stock this summer.
AP - Minutes after a woman was suspended from her job at a Kraft Foods Inc. plant and was escorted out, she returned with a handgun and opened fire, killing two people and critically injuring a third before being taken into custody, police said.
AP - As thousands of Afghans protested a tiny Florida church's plan to burn the Muslim holy book, the church's pastor said he won't follow through with the burning if he's able to meet Saturday with the organizers behind a mosque planned near ground zero in New York.