Package delivery giant and U.S. economic bellwether FedEx is seeing signs for a potential turnaround in the second half as production seemed to be picking up again, German magazine WirtschaftsWoche reported.

The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It's the national debt.

Investors have entered the third quarter deeply divided about what should be happening on financial markets.

Signs of a recovery in the euro zone's dominant services economy took a backwards step in June but business optimism hit a near two-year high on hopes that the worst is over, surveys showed on Friday.

Proposals to impose "carbon tariffs" on imported products will violate the rules of the World Trade Organization as well as the spirit of the Kyoto Protocol, China's Ministry of Commerce said.

European stocks fell on Friday, recording their third straight week of losses, led by utilities, oil & gas and basic resources while banks and media pulled in the opposite direction.

British finance minister Alistair Darling warned bankers against complacency and returning to excessive risk-taking in an interview with the Independent, adding some needed to be "brought back to earth."

The U.S. Treasury will launch its public/private investment fund program to buy up toxic securities with an initial funding of $20 billion from public and private sources, a level scaled back considerably from initial plans, people familiar with the matter said on Thursday.

The dollar dipped against the euro on Friday, reversing some of its sharp gains the previous session following weak U.S. jobs data which dampened hopes that the global economy is poised to recover.

PepsiCo Chief Executive Indra Nooyi said Thursday she is not concerned about the potential for Moody's to downgrade the company's credit rating if it succeeds in acquiring its two largest bottlers Pepsi Botting Group and PepsiAmericas.

With joblessness rising, President Barack Obama said Thursday he was "deeply concerned" about unemployment and conceded that too many families are worried about "whether they will be next" to suffer economically.

Private equity groups would have to meet strong capital requirements and pledge to maintain long-term investments before they could  buy failed banks, under guidelines proposed by the FDIC.

New orders for U.S. manufactured goods jumped 1.2 percent in May, their largest increase in nearly a year, the Commerce Department reported on Thursday, beating analysts' expectations.

Tickets for the chance to see British tennis hopeful Andy Murray play in the men’s final of the Wimbledon championship have been rocketing in price, with one tout offering to sell centre court tickets for £20,000 ($32,636) each, according to media reports.