Reuters - Nokia (NOK1V.HE), the world's top cellphone maker, said Stephen Elop, the head of Microsoft's Business Division, was to be its new chief executive, leading a renewed effort to compete in the smartphone market.
Reuters - China's imports leapt in August, boding well for a strengthening of domestic demand in an economy that has become a major driver of global growth.
Reuters - The death toll from a suicide bomb in Russia's restive North Caucasus rose to 18 Friday as the stricken province observed a day of mourning and doctors fought for the lives of several critically wounded victims.
AFP - Nearly 20 middle school students have been diagnosed with cholera in eastern China, the government has said, in the second outbreak of the potentially fatal disease in the nation in a month.
Reuters - The securities regulator is investigating investment advisory firms that channel investors' money into hedge funds, the Wall Street Journal reported.
Reuters - U.S. crude for October jumped to near $75 on Friday after a leak forced Enbridge to shut down the biggest pipeline supplying Canadian oil to refineries in the Midwest and to a key storage hub in Oklahoma.
AP - Religious and political leaders across the Muslim world welcomed a decision by a small American church to suspend its plans to torch copies of their holy book — but some said Friday the damage has already been done.
Reuters - Asian stocks rose to a four-month high on Friday as some investors were inspired by positive U.S. and Japanese economic data to pick out bargains, with the shift to riskier assets weighing on the yen.
AP - The Mexican police officers who arrested infamous drug suspect Edgar Valdez Villarreal, alias "La Barbie," did not initially know who they had caught, according to a booking report obtained Thursday.
AFP - Australia's corporate watchdog Friday said it would likely reject a proposed alliance between Air New Zealand and Virgin Blue because it could disadvantage more than a million passengers a year.
AP - The Honduran government has deployed soldiers to perform anti-crime patrols in some of the Central American country's most violent cities, following the massacre of 18 people in a shoe factory this week.
AP - Iran said Thursday it will free Sarah Shourd, one of three Americans jailed for more than 13 months, as an act of clemency to mark the end of the Islamic holy month of Ramadan.
AP - An animal-rights activist says an endangered right whale stranded on a beach in southern Brazil for two days is too weak to be rescued and returned safely to the sea.
McClatchy Newspapers - WASHINGTON — Under tremendous pressure from U.S. officials all the way up to President Barack Obama, a Florida pastor on Thursday called off a Quran burning that he'd scheduled for Saturday, the anniversary of the 9/11 attacks, which had drawn international condemnation and posed a potential threat to national security.
Reuters - Casey's General Stores Inc confirmed it was in buyout talks with convenience store operator 7-Eleven, which offered the company $40 per share in cash earlier this month.
Time.com - Foreign businesses in China are voicing growing frustration about the country's heavily regulated market -- a bureaucratic maze many say is deliberately designed to hamstring non-Chinese players to the advantage of their local competitors
Time.com - The family of American activist Rachel Corrie, who was killed by an Israeli army bulldozer, is fighting a civil suit in Israel's courts, forcing the authorities to reveal details of her death
Investor's Business Daily - Aug. car sales in India rose 33.2% from a year ago, according to the Society of Indian Automobile Manufacturers. The gain was impressive considering supply constraints have pushed up vehicle prices. Ford expects India to be the world's No. 3 auto market by decade's end, and is pushing hard to gain market share from rivals such as Maruti Suzuki, Hyundai and Tata Motors . Ford plans to launch 8 more models in India. Meanwhile, Tata's domestic sales of its key medium and heavy commercial vehicles rose 34%.
AP - Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.
Investor's Business Daily - House and condo owners may face extra costs as their homeowner associations struggle with unpaid assessments, the legacy of neighbors hit by job losses and foreclosures.
AP - Retail Ventures Inc., which operates the DSW shoe store chain, posted a 67 percent jump in second-quarter net income as a key revenue figure improved.
AP - Russian Prime Minister Vladimir Putin blamed extremists "without souls, without hearts" for a suicide car bombing that killed 17 people Thursday in the crowded central market of a city in the North Caucasus.
Reuters - California's August revenue came in above a budget forecast and as a result the state will not need to issue IOUs this month, the state controller said on Thursday.
Reuters - Democrats in Congress are distancing themselves from President Barack Obama's push to let taxes rise for the wealthiest Americans, fearing it will further harm them in November's mid-term elections.
AP - U.S. Marine commandos stormed a pirate-held cargo ship off the Somalia coast Thursday, reclaiming control and taking nine prisoners without firing a shot in the first such boarding raid by the international anti-piracy flotilla, U.S. Navy officials said.
Reuters - A Canadian man's own actions will prove he lied to a court about having no knowledge of the conspiracy that led to the deadly bombing of Air India Flight 182 in 1985, prosecutors said at the start of a perjury trial on Thursday.
Reuters - Wal-Mart Stores Inc will remain without a chief merchandising officer for its U.S. stores for now, instead naming four new product heads to take over that responsibility, the retailer said on Thursday.
AP - Investors welcomed Ireland's plan to split up its most debt-crippled bank, Anglo Irish, by bidding strongly Thursday for government bonds. Ireland's battered bank shares also held their ground.
BusinessWeek - California Web impostors beware: You may soon be breaking the law, even if you aren't one of the perpetrators targeted by the state's "e-personation" bill.
Reuters - The top securities regulator defended its proposed $75 million settlement with Citigroup , saying the penalty reasonably accounts for the seriousness of the bank's alleged misconduct, according to a document filed in court on Wednesday.
The Christian Science Monitor - The young man playing with kids at the Main Krokodile preschool here isn't your typical caregiver. He's among the tens of thousands of Germans who fulfill their military service by working with children, the elderly, or the disabled. The head of the school, Berndt Niedergesäss, is all for it: "The children love dealing with men," he says.
OneWorld.net - NEW
YORK, Sep 7 (IRIN) - Activists are pulling out all the stops
ahead of a development summit at UN headquarters on 20-22 September.
Pro-aid and anti-poverty lobbyists are trying everything from giant
letters to banging pans to raise awareness of the high-level event.