BusinessWeek Online - In light of the weaker economic data of late, investors are once again betting heavily that the Federal Reserve will cut interest rates this year. The ongoing housing recession, concerns about additional fallout from subprime mortgage defaults, a weaker manufacturing sector, and a slower pace of hiring are all helping to revive expectations of lower rates.

AP - Mortgage lender Fremont General Corp. disclosed Friday it was unable to estimate the cost of selling its subprime mortgage loan business, adding there is no guarantee of finding a buyer for the troubled unit.

Reuters - Dow Jones & Co. Inc. and IAC/InterActiveCorp said on Friday they will create a personal finance Web site that will use content from their properties such as The Wall Street Journal and Ask.com.

Reuters - Stocks were little changed on Friday as a declining appetite for risk and concerns about the subprime mortgage market offset optimism about data showing steady job growth.

FT.com - A weaker yen helped Wall Street claw back some losses this week but fears about the possible collapse of a big subprime mortgage lender yet again checked resurgent investor confidence.

Reuters - General Electric Co.'s WMC Mortgage unit is laying off 460 staffers across the United States, representing about 20 percent of its work force, spokeswoman Brandie Young said on Friday.

Reuters - Troubles in the subprime mortgage sector could put Wall Street on edge next week just as investors look for key economic data, including the Consumer Price Index, to shore up the market's nascent recovery after its recent plunge.

FT.com - A weaker yen helped Wall Street claw back some losses this week but fears about the possible collapse of a big subprime mortgage lender yet again checked resurgent investor confidence.