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Stock futures up, indexes on track for 4th week of gains

NEW YORK - Stock index futures were modestly higher on Friday, suggesting the market's recent upswing was intact and pointing to a fourth straight week of gains for major indexes.

Recent Business News

Tragedy-hit Malaysia Airlines to lose 6,000 jobs in bold revamp

KUALA LUMPUR - Malaysia Airlines (MAS) will slash nearly a third of its 20,000 workforce and cut back its global route network as part of a radical 6 billion ringgit ($1.9 billion) restructuring following the devastating impact of two jetliner disasters.

6:03am EDT

Exclusive: Morgan Stanley plans natural gas export plant in new commodities foray

NEW YORK - Morgan Stanley has quietly filed plans to build and run one of the first U.S. compressed natural gas export facilities, the first sign the bank is plunging back into physical commodity markets even as it sells its physical oil business.

1:07am EDT

Fiat says exit rights exercise won't jeopardize Chrysler merger

MILAN - Fiat said on Friday its merger with Chrysler was on track to go ahead as planned in October since it did not expect a 500 million euro ($658.3 million) cap on the money it set aside to pay off any dissenting shareholders would be breached.

3:09am EDT

Bulgaria may let Corpbank depositors get partial access to accounts

SOFIA - Depositors at Bulgaria's Corporate Commercial Bank (Corpbank) may get partial access to their funds at the troubled bank in September, Interim Finance Minister Rumen Porozhanov said on Friday.

4:35am EDT

China funds cut suggested equity allocations as hopes for recovery evaporate: Reuters poll

SHANGHAI - Chinese fund managers will cut the proportion of their portfolios invested in stocks over the next three months, following July's upward trend, as hopes for a quick economic recovery falter, a Reuters poll shows.

2:03am EDT

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