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*Gulf better able to handle U.S. rate hikes than most regions. *Bahrain and Oman budgets, Dubai property market may be losers.
General Motors Co, Honda Motor Co, which owns Acura, and other automakers are working with traditional suppliers and startup firms. Tech giants Google, with its pioneering work on driverless cars, and Apple, which is working with automakers to embed greater connectivity in their cars, are accelerating the change.
Bank of America Corp. rose$. 22 or 1.3 percent, to $16.79. Citigroup Inc. rose$. 15 or. 3 percent, to $52.38. Goldman Sachs rose $2.17 or 1.2 percent, to $183.17.
The "Fast Money" traders share their final trades of the day.
WASHINGTON— British bank HSBC has agreed to pay $550 million to resolve U.S. claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007.. The Federal Housing Finance Agency, which oversees Fannie and Freddie, announced the settlement Friday with HSBC.
Citigroup, Credit Suisse and RBC Capital Markets are the underwriters for the IPO, the Texas- based company said in a filing to the U.S. Securities and Exchange Commission. Energy& Exploration set a nominal fundraising target of about $400 million.
Sept 12- Energy& Exploration Partners Inc has filed with U.S. regulators for an initial public offering of its common stock. Citigroup, Credit Suisse and RBC Capital Markets are the underwriters for the IPO, the Texas- based company said in a filing to the U.S. Securities and Exchange Commission on Friday.
Bank of America Corp. rose$. 12 or. 7 percent, to $16.69. Citigroup Inc. rose$. 02 or percent, to $52.25. Goldman Sachs rose $1.85 or 1.0 percent, to $182.85.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. fell 1.0 percent to $34.50 with 19,988,500 shares traded. Alcoa Inc. fell 1.1 percent to $16.72 with 20,034,400 shares traded.
LONDON, Sept 12- Banks caught up in the British investigation into alleged manipulation of global currency markets are pushing for a coordinated settlement that would reduce their exposure to potential reputational damage, banking and legal sources told Reuters.
Bank of America Corp. rose$. 10 or. 6 percent, to $16.67. Citigroup Inc. rose$. 26 or. 5 percent, to $52.49. Goldman Sachs rose $1.10 or. 6 percent, to $182.10.
But the uncharacteristically dovish stance also suggests the bank is reacting to concerns about ebbing economic growth as Western sanctions over the Ukraine crisis bite, as well as political pressure not to tighten policy further.
NEW DELHI, Sept 12- India's industrial output growth hit a four-month low in July while inflation remained high, underscoring the challenge for Asia's third-largest economy to make a sustained recovery from its longest stretch of sub-par growth in decades.
LONDON, Sept 12- The dollar was on track for its longest winning streak in 17 years on Friday, hitting multi-month highs against its Australian and Canadian counterparts, as investors bet the U.S.
*Barclays shares up 1.4 pct, Aviva down 0.8 percent. LONDON, Sept 12- Barclays has appointed banking and insurance veteran John McFarlane as its new chairman to oversee the British bank's efforts to stamp out wrongdoing and improve performance. McFarlane, a Scot, will step down as chairman of British insurer Aviva and take the Barclays hot seat in April.
Sept 12- The U.S. Treasury Department is monitoring banks that are shifting some of their trading operations overseas to avoid tough swaps rules in the country, the Wall Street Journal reported, citing a source from the department.
Bank of America Corp. rose$. 21 or 1.3 percent, to $16.57. Citigroup Inc. rose$. 40 or. 8 percent, to $52.23. Morgan Stanley rose$. 40 or 1.2 percent, to $34.73.
*Industrial output, inflation data to be released at 1200 GMT. NEW DELHI, Sept 12- India's industrial output growth likely slowed for a second straight month in July, while inflation probably remained high, with Asia's third-largest economy struggling to make a sustained recovery from its longest stretch of sub-par growth in decades.
Boston, Sept 11- EMC Corp plans to keep its majority stake in software maker VMware Inc despite pressure from activist hedge fund Elliott Management, a person familiar with EMC's thinking told Reuters on Thursday.
Bank of America Corp. rose$. 16 or 1.0 percent, to $16.52. Citigroup Inc. rose$. 20 or. 4 percent, to $52.03. Goldman Sachs rose$. 86 or. 5 percent, to $180.73.