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WASHINGTON/DETROIT (Reuters) – The U.S. Congress moved to triple the funding for the government’s successful “Cash for Clunkers” auto rebate program, which has brought car buyers back into showrooms and raised the outlook for an industry beset by abysmal sales, bankruptcies and job cuts.

SAN FRANCISCO (Reuters) – The Federal Communications Commission is seeking additional information about Apple Inc’s decision to reject Google Inc’s voice application for the iPhone.

The world’s biggest buy-out group is preparing up to six companies for initial public offerings worth billions of dollars, as it sells some of its most valuable groups back to the stock market

A spike in higher education enrolments in the US has shown up this week in earnings announcements from companies in the otherwise hard-hit media sector, whose education divisions have far outperformed their better-known news brands

Barack Obama’s administration and members of Congress were scrambling to find ways of extending a scrappage scheme after an avalanche of applications exhausted its $1bn budget within days of launch

New Delhi will not discuss signing up to legally binding obligations to make absolute cuts in greenhouse gas emissions for at least 10 years, said the country’s environment minister

NEW YORK (Reuters) – The S&P 500 ended its best five-month streak since 1938 with a slight gain on Friday as government data showed softness in consumer spending but reinforced expectations that the economic slump is abating.

LONDON/RIYADH (Reuters) – A Cayman Islands court has frozen $9.2 billion of assets belonging to Saad Group, the Saudi Arabian investment firm at the center of a financial storm, including some of its equity stakes outside the Gulf.

(Reuters) – Stock index futures pointed to a higher open for U.S. shares on Friday as investors awaited U.S. GDP figures and earnings from companies such as Chevron and Allergan.

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Department of Housing and Urban Development (HUD) Secretary Shaun Donovan released new guidelines on Thursday for FHA's Affordable Modification Program to bring it into compliance with The Helping Families Save Their Homes Act of 2009 signed by President Obama in May.
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NEW YORK (Reuters) – Stocks were little changed on Friday as investors fretted about the economy’s recovery prospects after government data showed a drop in second-quarter consumer spending but reinforced hopes that the worst of the economic slump is over.

MIAMI (Reuters) – The United States and Swiss bank UBS AG have struck a deal to settle their dispute over tax evasion and bank secrecy, backing off from an escalating standoff that had threatened to damage ties between the two countries.

The US economy continued to shrink in the second quarter making this recession the longest on record, but the more moderate decline lifted hopes that government stimulus measures could be loosening the grip of the downturn