Reuters - Oil fell Friday as traders took profits from a rally to a seven-month high over $70 a barrel after U.S. employment data showed a slower pace of job losses.

AFP - The London stock market finished the week up after the release of better than expected employment data from the US and a strong performance by the mining sector.

Reuters - The Dow industrials climbed on Friday after Wal-Mart unveiled plans for a stock buyback, while the broad market's gains were muted after government data showed employers cut sharply fewer jobs than expected in May and the jobless rate hit a 26-year high.

AP - Conflicting signals about the job market are giving investors reason to be cautious.

Reuters - Stocks rose on Thursday as a brokerage's upbeat view on U.S. banks drove a run-up in financials, while soaring prices of oil and other commodities lifted natural resource companies on bets the economic slump is waning.

AP - Traders are betting that an improving economy will reward banks and energy companies.

AP - Angelo Mozilo, the man who rode the housing boom to build Countrywide Financial Corp. into a California colossus of high-risk mortgage lending, has been charged with civil fraud and illegal insider trading by federal regulators who accuse him of deceiving shareholders and profiting on confidential information.

AFP - Stocks in London were upbeat at the open on Friday as mining giant Rio Tinto scrapped its tie-up with China's Chinalco in favour of a joint venture with rival BHP Billiton and a 9.47 billion pounds rights issue.

AP - World stock markets advanced Friday, with resource companies gaining as oil prices broke above $69 and mining giants Rio Tinto and BHP Billiton announced a partnership. Japan's benchmark rose to an eight-month high.

AP - European stock markets were mostly higher Thursday following two days of losses as investors awaited a press briefing from the head of the European Central Bank after it decided to keep interest rates on hold.