Germany's economy ministry will approve the sale of utility RWE's (RWEG.DE) oil and gas unit DEA to a Russian investor despite tensions between Russia and the West over the Ukraine crisis, two people familiar with the matter said.
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Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion
Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.
Rebel-held mine collapses in Central African Republic, killing 25
At least 25 people died when a gold mine collapsed near the Central African Republic town of Bambari, a spokesman for the mainly Muslim Seleka rebels which run the mine said on Friday.
Obama tech policy maven moves to Silicon Valley role
Todd Park, President Barack Obama's chief technology officer who played a role in fixing the flawed Healthcare.gov website, is moving to a new job recruiting top Silicon Valley talent to government, a source familiar with the situation said on Friday.
Dynegy cuts exposure to wholesale power with deals worth $6.25 billion
Power company Dynegy Inc (DYN.N) said on Friday that it would buy coal and gas power plants for $6.25 billion to increase its presence in two less regulated eastern U.S. markets, sending its shares up as much as 22.5 percent.
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Intuit Inc, the developer of tax-preparation software TurboTax, forecast a much bigger first-quarter loss, citing restructuring in its small business group unit. The company forecast a current-quarter loss of 36-37 cents per share. It reported a loss of 4 cents in the same quarter a year earlier.
Fraudsters are targeting JPMorgan Chase & Co customers in an email "phishing" campaign that is unusual because it attempts to collect credentials for that bank and also infect PCs with a virus that steals passwords from other institutions.
Apparel retailer Gap Inc raised its full-year profit forecast, encouraged by strong sales of its lower-priced Old Navy clothes, and said it would open 40 stores in India as part of its strategy to expand in emerging markets.
An Austrian law student said his class action challenging Facebook (FB.O) for alleged privacy violations had gathered support from 60,000 users and passed its first legal review.Max Schrems, who already has a case involving the social network pending at the European Court of Justice, is claiming damages of 500 euros ($663) per user from U.S.-listed Facebook. The $195 billion company has 1.32 billion active users.
Boeing Co (BA.N) has completed a key review of its design for a new commercial venture to fly astronauts to the International Space Station, making it the only one of four rival bidders to finish the NASA work on time, company officials said on Thursday.
Gold held near a two-month low on Friday and was headed for its worst week in five, hurt by strong U.S. economic data and fears that the Federal Reserve could hike interest rates sooner than expected.
An index of Asian shares neared a six-and-half-year peak on Friday and was poised for a weekly gain, after upbeat U.S. economic data sparked another record close on Wall Street.
EBay Inc (EBAY.O) is considering a spinoff of PayPal, its fast-growing payments unit, as soon as next year, tech news website The Information reported, citing sources.Shares of the online retailer jumped nearly 4 percent to $55.48 at midday.
Americans resold their homes in July at the fastest pace in almost a year, a sign the housing market was gaining steam again after a year-long slump.
