Wall St. drifts before long weekend; consumer stocks up
U.S. stocks ended little changed on Friday ahead of the long holiday weekend, though indexes ended a two-week streak of losses and consumer shares were strong for a second day.
WASHINGTON The White House on Friday expressed confidence in President Barack Obama's choice to lead the Federal Reserve, Janet Yellen, and called on the Senate not to hold up her confirmation.
"We're very confident that Janet Yellen is absolutely the right candidate for the job," White House spokesman Jay Carney said at a briefing. "Her hearing yesterday we felt went very well."
Carney urged lawmakers not block any of the president's nominees.
(Reporting by Mark Felsenthal; editing by Jackie Frank)
TORONTO The Toronto Stock Exchange's efforts to win a slice of the massive Saudi Aramco public listing plays up the country's deep experience in natural resources as part of a broader offer to help the kingdom with its shift away from oil dependence.
Billionaire Carlos Slim is looking to sell a minority stake in Telesites SAB de CV , the Mexican wireless tower company that he controls, people familiar with the matter said on Friday.