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Asian stocks extend bounce on Wall Street, Fed cheer

SYDNEY - Japanese stocks led Asian markets higher 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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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

Wall St. has best second-day gain since 2011 on Fed optimism

NEW YORK - U.S. stocks surged on Thursday, extending a Federal Reserve-fueled rally from the previous session and giving the S&P 500 its best two-day advance in three years.

6:52pm EST

Oil tumbles after brief rebound; Brent back below $60

NEW YORK - Global crude oil prices slumped anew on Thursday, a day after a short-covering rally, as traders placed fresh bets the market would resume a six-month rout on worries about a supply glut.

3:18pm 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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