Oil climbs to near $76 after US pipeline shutdown

[AP] - Oil prices climbed to near $76 a barrel Friday after a pipeline in the US shut down and as better economic indicators from Japan to the U.S. boosted confidence that demand for fuel will improve.

German shares weighed down by bank refunding talk

[AP] - German stocks led European markets modestly lower Friday following reports that Deutsche Bank AG is planning to raise as much as euro9 billion to lift its stake in Deutsche Postbank AG and shore up its capital base.

Woman held after 2 shot dead at US cookie plant

[AP] - Minutes after a woman was suspended from her job at a Kraft Foods Inc. plant and was escorted out, she returned with a handgun and opened fire, killing two people and critically injuring a third before being taken into custody, police said.

Stock issue speculation hits Deutsche Bank shares

[AP] - Shares of Deutsche Bank AG have dropped sharply on reports that Germany's biggest lender is considering a stock issue worth as much as euro9 billion .

Trichet: phasing out crisis measures to take time

[AP] - It may take a while yet to phase out the special credit support that was given to banks in the wake of the financial crisis, the European Central Bank's president has said.

Japan introduces new stimulus, better 2Q growth

[AP] - Japan's economy isn't quite as weak as first thought, but it still needs help, the government said Friday as it unveiled details of a new $11 billion stimulus package.

Euro slightly lower at $1.2684

[AP] - The euro is a little lower against the dollar after U.S. data showed a drop in the number of people signing up for jobless benefits and as jitters about the European banking sector persist.

Regulator opposes Virgin Blue, Air NZ alliance

[AP] - Australia's competition regulator on Friday gave a thumbs down to a proposed airline alliance on flights between Australia and New Zealand.

Asia stocks gain as economies show stronger pulse

[AP] - Asian stock markets were mostly higher Friday amid a 2 percent jump in Japan as economic indicators suggested the global slowdown isn't as severe as feared.

Police: 2 shot dead at Kraft plant in Pa., 1 hurt

[AP] - Police say two people have been shot dead by a suspended employee inside a Kraft Foods Inc. facility in northeast Philadelphia. One person has been critically injured.

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