AP - Philippine shares climbed Friday, boosted by bargain hunting and the U.S. market's overnight gains.

AP - Asian markets gained modestly in the wake of Wall Street's overnight surge as investors nibbled on beaten-down shares and global leaders gathered in Washington to discuss ways to tackle the global financial crisis.

AP - Russian stocks surged in morning trading Friday, recovering some of the recent days' massive losses as investors cheered the rally in U.S. markets and oil prices.

AP - Japanese stocks sprung back to life Friday, lifted by Wall Street's gains, a cheaper yen and hopes that a Group of 20 meeting this weekend will lead to progress in taming the global financial crisis.

AP - Airbus parent company EADS says its profit rebounded in the third quarter thanks to lower charges for restructuring and for delays to key aircraft programs, but continued uncertainty over its military transporter makes its full-year target challenging.

Reuters - Stocks were set for a lower open on Friday, surrendering some of the hefty gains made in the previous session after the S&P 500 and Nasdaq indexes touched five-year lows that triggered a wave of bargain hunting. By 6:05 a.m. EST, S&P 500 futures were down 1.6 percent, Dow Jones futures were down 1.5 percent and Nasdaq 100 futures weredown 0.7 percent.

AFP - The fortunes of India's wealthiest have been cut by more than 60 percent due to the global financial crisis which has sharply pulled down stock markets, according to a new rich list.

AP - Asian and European markets gained in the wake of Wall Street's overnight surge as investors bought up beaten-down shares and world leaders gathered in Washington to discuss ways to tackle the global financial crisis.

AP - Sumitomo Mitsui Financial Group Inc. said first-half net profit plunged 51 percent due to a spike in credit costs and other expenses against the backdrop of financial markets turmoil and a slowing global economy.

AP - Airbus parent company EADS said Friday it rebounded to a profit in the third quarter thanks to lower costs for restructuring and fewer delays to aircraft programs. But it warned that continued setbacks in production of its military transporter will make achieving its full-year target challenging.

AP - Wall Street looked to give back some of the gains from the previous session's huge rally Friday, as investors again focused their concerns on the slumping global economy.

Reuters - Oil slipped to $58 a barrel on Friday as figures showing much of Europe had entered recession refocused attention on the outlook for oil demand and as U.S. stock market futures fell.

AP - Share prices on the London Stock Exchange were up at midday Friday.

AP - European and Asian markets spiked higher Friday after hefty day-earlier gains on Wall Street as investors bought up heavily sold-off stocks ahead of key U.S. economic data later.

AP - Buoyed by a Wall Street rebound, Australia's stock market rose Friday, led by energy companies.

AP - Abercrombie & Fitch says the pull back in consumer spending led its third-quarter profit to fall 46 percent and says it expects fourth-quarter profit below expectations.

AP - Dexia, the world's biggest lender to local authorities, reported Friday it swung to a loss of 1.5 billion euros ($1.88 billion) in the third quarter as the financial crisis took its toll on investments, and announced it would sell some of its U.S. businesses.

AP - European markets rose strongly Friday after hefty day-earlier gains on the U.S. and an overnight rally in Asia as investors bought up heavily sold-off stocks.

Investor's Business Daily - Stock markets dived to new lows and then roared back Thursday in a wild session marked by opposing views about the extent of the U.S. economic downturn.

AP - Freddie Mac is asking for an initial injection of $13.8 billion in government aid after posting a massive quarterly loss.

AP - Department-store operator J.C. Penney Co. said Friday its third-quarter profit fell by more than half as consumers cut back on spending and took fewer trips to the mall amid the deteriorating economy.

Reuters - Retailer J.C. Penney Inc on Friday said quarterly profit fell nearly 53 percent and warned of worsening results for the rest of the year, just weeks before the crucial holiday shopping season begins.

AP - U.S. stocks fell Friday after disappointing retail sales data, while European and Asian stock markets were higher following Wall Street's strong finish from the day before.

AFP - The fortunes of India's wealthiest have been slashed by more than 60 percent due to the global financial crisis which has sharply pulled down stock markets, according to a new rich list.

AP - Share prices were higher Friday on the London Stock Exchange.

AP - U.S. stocks fell sharply Friday as investors booked profits from the previous day's hefty rally, pulling European stocks off their highs for the day. Asian stocks rose.

AFP - London shares advanced on Friday led by oil and commodities despite concerns over a looming recession.

AP - Russian stocks were mixed Friday, with one major exchange recovering some of the recent days' massive losses as investors cheered the rally in U.S. markets and oil prices.

AP - Wall Street ended a turbulent week with another astonishing show of volatility Friday, with stocks plunging, recovering and then plunging again as investors absorbed another wave of downbeat economic news. Hedge fund selling in advance of a Saturday deadline contributed to the market's gyrations, which set back the Dow Jones industrials almost 340 points and helped the major indexes fall sharply for the second straight week.

AP - Discount retailer Target Corp. reports earnings for the third quarter on Monday. The following is a summary of key developments and analyst opinion related to the period.

AP - Precious metals and agriculture futures advanced Friday, getting a boost from a short-lived afternoon rally on Wall Street and the potential for an additional interest rate cut. Energy prices, meanwhile, slumped due to ongoing concerns over demand.