Wall Street up on China, ECB stimuli but off highs

NEW YORK - U.S. stocks rose on Friday, setting up a fifth consecutive week of gains on Wall Street, after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy.

Recent Business News

Toyota Lexus to recall some 2006-2011 models due to fuel leak

DETROIT - Toyota Motor Corp will recall 422,509 of its luxury brand Lexus vehicles in the United States because of a possible fuel leak that increases the risk of fire, U.S. regulators said on Friday.

10:09am EST

Aereo files for bankruptcy

NEW YORK - Aereo Inc, the video streaming company backed by media mogul Barry Diller, has filed for bankruptcy protection.

Tech, Media 9:42am EST

EU must not change course on U.S. trade talks: EU minister

BRUSSELS - Europe's proposed free trade agreement with the United States would collapse if European leaders bowed to pressure to remove investment protection from any deal, the chairman of EU trade ministers said on Friday.

11:58am EST

Global M&A deals cross $3 trillion for first time since 2007

- Mergers and acquisition deals announced so far this year have topped $3 trillion, the highest since 2007, helped by mega deals in the healthcare, energy and power sectors.

11:08am EST

Fed to issue rules notice on banks and commodities in early 2015

WASHINGTON - The Federal Reserve will issue in the first quarter of next year a formal notice of rules it has been reviewing for financial holding companies and their activities in the physical commodities markets, a top official with the U.S. central bank said on Friday.


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