Stocks show moderate decline after sell-off
NEW YORK (AP) -- Wall Street sagged again Friday but took a break from the heavier selling of recent days as energy, utility and technology stocks showed some advances and bank stocks declined....

Wal-Mart names Duke to succeed Scott as CEO
NEW YORK (AP) -- Wal-Mart Stores Inc., the world's largest retailer, unexpectedly announced Friday that its chief executive will retire in February and be replaced by the head of its international division....

Citigroup stock slides below $4 a share
NEW YORK (AP) -- Citigroup Inc. shares extended their precipitous slide Friday, after an initial lift from a report that said the banking giant was considering a sale to rebuild investor confidence....

GM to extend holiday shutdown, may cut production
DETROIT (AP) -- General Motors Corp. will extend its holiday shutdown or make other production cuts at up to 10 factories as it deals with a continued U.S. auto sales slump and fights to stay solvent....

Oil rises from 3-year low as stocks recover
VIENNA, Austria (AP) -- An early rebound in many stock markets supported oil prices Friday, with crude creeping off a 3-year low to trade above $50 a barrel, although gains were limited by continued fears of global recession....

Boeing warns of possible layoffs in 2009
PITTSBURGH (AP) -- Boeing Co. says it will likely lay off more workers next year as it cuts costs in a slowing economy....

Heinz 2nd-quarter profit jumps 22 percent
MILWAUKEE (AP) -- Foodmaker H.J. Heinz Co. said Friday that strong sales of products such as Ore-Ida frozen potatoes and frozen meals boosted fiscal second-quarter profit by 22 percent as cash-strapped consumers cooked more meals at home....

Bush signs bill providing extra jobless benefits
WASHINGTON (AP) -- The White House says President Bush signed into law a bill that Congress approved to keep unemployment checks flowing to jobless Americans through the holiday season....

Bush to promote action plan to deal with crisis
LIMA, Peru (AP) -- President George W. Bush, struggling to get ahead of a global financial crisis, hopes to win more converts at a summit here for an action plan aimed at showing governments have the will and the means to halt the turmoil....

Honda to cut global output amid slowing demand
TOKYO (AP) -- Honda Motor Corp. said Friday it will cut production in Japan and Europe by 61,000 vehicles, as it continues to grapple with slowing global demand....