LISBON (Reuters) - Portugal's government and central bank assured investors on Friday that the southern European country's financial system was sound, aiming to quell worry about the spillover effects of trouble at the Espirito Santo business empire.
A stable housing market and fewer bad loans helped lift Wells Fargo's quarterly profit 3 percent. The country's largest mortgage lender said Friday that net income rose to $5.42 billion for the three months ending in June, up from $5.27 billion a year earlier.
Shares of America's largest online retailer surged over 4.5% on Friday morning as the company fought for the right to test its new drone delivery program, among a handful of other initiatives taken this week.
WASHINGTON (AP) - U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.
(Reuters) - Trading in shares of Cynk Technology Corp (CYNK.PK) was suspended Friday in the loosely regulated over-the-counter market, amid concerns about possible market manipulation after a 24,000-percent surge in the stock price in the last month.