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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U.S. judge finds Texas tycoon Wyly not liable for insider trading

NEW YORK - Texas tycoon Sam Wyly and his late brother, Charles, were found not liable for insider trading by a U.S. judge on Friday, two months after a federal jury found them liable for committing fraud by using offshore trusts to hide stock sales.

Fed closer to tightening policy than many think: Plosser

- A top U.S. central banker said on Friday the Federal Reserve may be "closer than a lot of people think" to raising interest rates given the firmer recent inflation and labor data.

12:57pm 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

Airbus to launch rebranded A330-800/900neo: sources

LONDON - European planemaker Airbus will both revamp and rebrand its A330 passenger jet at a launch expected to kick off next week's Farnborough Airshow, people familiar with the matter said.

1:00pm EDT

NHTSA probes 500,000 Ford cars for steering issues: AP

- The National Highway Traffic Safety Administration is investigating steering problems in about 500,000 Ford cars, the Associated Press said.

12:25pm EDT


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