U.S. consumer prices posted their biggest gain in more than two years in November, damping prospects of further interest-rate cuts from the Federal Reserve. 
Industrial Output Rises 0.3%
 Consumer Price Index Jumps 
Citigroup said it will provide emergency support to seven structured investment vehicles if they can't find buyers for their short-term notes.
Goldman Sachs's bet that securities backed by risky home loans would fall in value brought nearly $4 billion of profits in the year ended Nov. 30, the Wall Street Journal reported on its Web site on Thursday, citing people familiar with its finances.
Student lender SLM -- better known as Sallie Mae -- said Friday that its executive chairman Albert Lord will take on the extra role of chief executive officer.
What’s the trade as gasoline prices beginning to creep higher?
It's shaping up to be a blue bonus season for employees at Merrill Lynch.
U.S. securities regulators sued two former financial advisers at Morgan Stanley Friday for defrauding at least 50 mutual fund companies and their shareholders.
Sears Holdings reported that it has submitted a draft acquisition agreement to the furniture retailer Restoration Hardware that offers to pay its stockholders $6.75 per share in cash through a tender offer.
OPEC and major oil consumers on Friday presented sharply diverging views on the prospects for world oil demand next year as fallout from the credit crunch clouds the economic outlook.
The chief executive of Fannie Mae told shareholders that he does not expect a recovery for the ailing U.S. housing market until 2009, but that the mortgage-finance company is strong enough to ride out the storm.
German airline Lufthansa said it plans to acquire a 19% stake in U.S. low-cost carrier JetBlue Airways for about $300 million.
A long-awaited report on steroids use in Major League Baseball names dozens of current and former top stars, including Roger Clemens
The Federal Reserve Board said on Friday it has scheduled an open board meeting on Dec. 18 to discuss proposed rule changes on mortgage lending to address unfair and deceptive lending practices.
Black & Decker, maker of power tools and hardware, said on Friday that worse-than-expected business conditions and an anticipated recall would hurt its fourth-quarter and full-year results.
George David, chief executive of United Technologies, the parent of Otis Elevator, said elevator sales are a good indicator of the economy's health, and he sees positives signs that lead him to believe a recession is unlikely.