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Wall Street rallies, led by Deutsche Bank, financials

NEW YORK Wall Street rallied on Friday, lifted by a surge in Deutsche Bank shares and financial stocks after concerns eased about the health of the German bank.

Troubles at Deutsche

Recent Business News

Betting on the U.S. election via the 'Trump ETF'

NEW YORK An exchange-traded fund focused on Mexico has become a weather vane for Republican Donald Trump's chances winning the U.S. presidential election in November, investors said.

PJT Partners to step down as financial advisor to Brazil's Oi: sources

SAO PAULO Restructuring firm PJT Partners will step down as financial advisor to Brazilian phone carrier Oi SA , which filed for the country's largest-ever bankruptcy protection in June, two sources with direct knowledge of the matter said on Friday.

6:17pm EDT

Deutsche lifted by CEO letter, settlement report

FRANKFURT/LONDON A report that Deutsche Bank was close to a cut-price settlement with U.S. authorities over the sale of toxic mortgage bonds helped to fuel a recovery in its shares on Friday after its chief executive said the group remained stable. | Video

12:44pm EDT

Russia, bowing to budget pressures, revives oil firm sell-off

SOCHI, Russia Russia said on Friday that it was resuming the shelved privatisation of oil firm Bashneft, in a sign of how anxious the Kremlin is to raise money to fill holes in the budget left by the economic slump.

4:21pm EDT

Delta, pilots negotiators reach deal for new contract

Delta Air Lines Inc and its pilots union have reached an agreement in principle for a new contract that has been more than a year in the making, the parties said on Friday.

4:54pm EDT

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