NEW YORK (Reuters) - Stocks swooned on Friday on concerns that surging inflation may prevent the Federal Reserve from lowering interest rates enough to pull the economy out of the grip of a housing and credit crisis.
WASHINGTON (Reuters) - Consumer prices rose the most in more than two years in November as energy costs surged and a host of other prices marched higher, damping prospects of further interest-rate cuts from the Federal Reserve.
LONDON (Reuters) - Top European central bankers expressed concern on Friday about the success of a concerted action plan to grease the wheels of seized-up money markets, as U.S. banking giant Citigroup faced fresh strife.
WASHINGTON (Reuters) - The Federal Reserve Board said on Friday it has scheduled an open board meeting on December 18 to discuss proposed rule changes on mortgage lending to address unfair and deceptive lending practices.
WASHINGTON (Reuters) - The Senate on Friday overwhelmingly passed legislation to expand the nation's largest federal homeownership program in a move that could help struggling subprime borrowers avoid foreclosure.
NEW YORK (Reuters) - Goldman Sachs said on Friday that Citigroup Inc's bonds were poised to outperform after its debt rating was cut and it unveiled a plan to rescue $49 billion of off-balance sheet investments.
NEW YORK (Reuters) - Tool maker Black & Decker Corp slashed its fourth-quarter profit outlook on Friday, citing worse-than-expected conditions in North America and a one-time charge, and its shares fell as much as 10 percent.
NEW YORK (Reuters) - Securities regulators sued two former financial advisers at Morgan Stanley on Friday for defrauding at least 50 mutual fund companies and their shareholders.
NEW YORK (Reuters) - Boeing Co said on Friday aircraft leasing company AWAS has placed an order for 31 single-aisle 737 planes worth about $2.3 billion at list prices.
NEW YORK (Reuters) - Goldman Sachs raised Citigroup Inc debt to "outperform" from "in-line" on Friday, a day after the company said it plans to rescue $49 billion of structured investment vehicles.
