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Asian stocks catch Wall Street tailwind

SYDNEY - Asian markets looked set for another upbeat session on Friday after Wall Street boasted its biggest two-day advance since late 2011 amid relief the Federal Reserve was in no rush to start hiking interest rates.

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Icahn offers $20 million to keep Atlantic City Trump casino open

- Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was once the only major destination for gamblers on the U.S. East Coast.

5:01pm EST

Ford expands Takata driver-side air bag recall in U.S.

DETROIT - Ford Motor Co on Thursday expanded the recall of older-model Mustang cars that have driver-side Takata air bags with inflators, to include about 502,500 vehicles.

2:21pm EST

Canada unveils major wireless spectrum plan

TORONTO - The Canadian government unveiled a major update to its wireless airwave policy on Thursday, as it seeks to lower cellphone bills and bolster its coffers ahead of a federal election next year.

5:26pm EST

U.S. December auto sales seen up 10.4 percent: JD Power, LMC

DETROIT - U.S. auto sales will end the year strongly, as December sales will be 10.4 percent higher than a year ago, JD Power & Associates and LMC Automotive said on Thursday.

1:48pm EST

Goldman's Waldron promoted to co-head of investment banking

NEW YORK - Goldman Sachs Group Inc has promoted John Waldron to co-head of its investment banking business, replacing John S. Weinberg, a vice chairman whose family has been in the senior echelons of the investment bank since the 1920s.

3:10pm EST

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