Reuters - The S&P 500 rose on Friday to close at the highest level since before the collapse of Lehman Brothers in 2008, continuing a pattern of steady gains on signs of U.S. economic recovery.
Reuters - New U.S. home sales fell in January but upward revisions to the prior months' data and a drop in the supply of properties on the market added to signs of a budding housing recovery.
Reuters - Greece formally launched a bond swap offer to private holders of its bonds on Friday, setting in motion the largest-ever sovereign debt restructuring in the hope of getting its messy finances back on track.
Reuters - The world's leading economic powers will not reach a deal this weekend to provide the IMF with more money to help ease the euro zone debt crisis because European leaders first need to do more themselves, officials said on Friday
Reuters - The MF Global saga could soon become a legal battle between hedge funds and the futures brokerage's shortchanged customers, with more than a billion dollars at stake.
Reuters - Bailed-out insurer American International Group has bought about $2 billion of the mortgage-backed securities being auctioned by the Federal Reserve out of its Maiden Lane II portfolio, Chief Executive Bob Benmosche said on Friday.
AP - ANNUAL LOSS: Lloyds Banking Group on Friday posted a 2.8 billion pound ($4.4 billion) loss for 2011 after it set aside 3.2 billion pounds ($5 billion) to compensate customers who had been miss-sold payment protection insurance.
Reuters - The European Central Bank's decision to exempt itself from taking losses on its Greek bonds gives its senior status in the bond market and may push up borrowing costs of other debt-strained euro zone countries, Standard & Poor's said on Friday.
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