California Governor Gavin Newsom released a report on Friday calling for the creation of funds to fight wildfires and proposed that state law should be reformed to reduce liability of utilities, sending PG&E Corp up nearly 12 percent.
JPMorgan Chase & Co's better-than-expected first-quarter earnings raised expectations that rival Wall Street lenders would follow suit when they report next week, pushing most bank stocks higher on Friday.
Campbell soup Co said on Friday it would sell its Bolthouse Farms business to an affiliate of private equity firm Butterfly Equity for US$510 million, in the U.S. food company's first major sale as part of its cost-cutting divestiture plan.
A coming trade pact between Washington and Beijing could mean US goods will out-muscle regional Asian exporters reliant on sales to China, the International Monetary Fund warned Friday.
Bristol-Myers Squibb Inc's shareholders voted to approve the drugmaker's US$74 billion takeover of biotech Celgene Corp on Friday despite a campaign by activist hedge fund Starboard Value LP to scuttle the deal.
Shares of Walt Disney Co touched an all-time high on Friday after Wall Street analysts said the aggressive pricing of its new video streaming service could help it better compete with Netflix Inc.
General Electric Co will pay a US$1.5 billion civil penalty to resolve claims related to subprime residential mortgage loans offered by its WMC Mortgage unit, the U.S. Department of Justice said on Friday.
BlackRock Inc, the world's largest asset manager, cut total compensation for chairman and chief executive officer Larry Fink by 4.3per cent in 2018, according to a filing on Friday.
Wells Fargo & Co's aggressive cost cutting helped boost its quarterly profit, but shares in the lender fell 3 percent on Friday after it dialed back its forecast for how much net interest income it would bring in this year.
Widening differences over economic policy among euro area countries are "unsustainable" and could undermine the currency union itself, French Finance Minister Bruno Le Maire said Friday.
