U.K. stocks were little changed, with the FTSE 100 Index (UKX) heading for its biggest weekly drop in more than a year, as losses in commodity producers offset easing concern over the euro area's so-call peripheral countries.
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.
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.
Photo. A Wells Fargo branch in New York.Credit Shannon Stapleton/Reuters. Updated, 10:21 a.m. |. Even as Wells Fargo met Wall Street's expectations in the second quarter, there were signs that the bank's vaunted profit machine had slowed.
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.