Wells Fargo reports slight profit rise, says economy improving

- Wells Fargo & Co , the largest U.S. mortgage lender, reported a 3 percent rise in second-quarter profit, helped by a rally in the equity and fixed income markets, and said it was seeing signs that the U.S. economy was improving. | Video

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Chrysler to recall 900,000 SUVs to fix mirror wiring

- Chrysler Group LLC [CHRY.UL] said it would recall almost 900,000 sport utility vehicles (SUVs) to fix the wiring for vanity mirror lights in sun visors, to prevent short circuits.

9:57am EDT

Portugal's PM tries to soothe investors; BES says can cover any losses

LISBON - Portugal's government and central bank assured investors on Friday that the southern European country's financial system was sound, aiming to quell worry about the spillover effects of trouble at the Espirito Santo business empire. | Video

10:28am EDT

Rajaratnam acquittal shows indirect insider trading case challenge

NEW YORK - The acquittal on Tuesday of the younger brother of convicted hedge fund titan Raj Rajaratnam suggests prosecutors will have a tougher time pursuing people accused of trading on inside information they received indirectly.

GM hires Infiniti chief to runs its Cadillac brand

TOKYO/DETROIT - General Motors Co said on Friday it has hired Johan de Nysschen, chief of Nissan Motor Co's Infiniti premium brand, to run its Cadillac division.

11:10am EDT

CME, Thomson Reuters win battle to replace century-old silver benchmark

LONDON - CME Group and Thomson Reuters will operate an electronic silver benchmark when the 117-year-old "fix" is disbanded in August, in a move widely seen preceding sweeping reforms of precious metals price-setting.

11:07am EDT


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