Sector Snap: Airline shares rise
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AP
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Fri 8:13 pm ET Airline stocks rose Friday as oil prices tumbled, easing the carriers' fears over jet fuel costs. The broader market also gained, as investors shrugged off another rise in the national unemployment rate, which the government said Friday broke above 10 percent last month for the first time in 26 years.
Business Highlights
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AP
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Fri 6:47 pm ET The unemployment rate has hit double digits for the first time since 1983 -- and is likely to go higher. The 10.2 percent jobless rate for October shows how weak the economy remains even though it is growing.
AIG, Magna, Activision Blizzard are big movers
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AP
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Fri 5:05 pm ET The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange: NYSE:
Wall St. rises 3 percent for week on Friday's slim gain
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Reuters
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Fri 4:33 pm ET U.S. stocks rose 3 percent for the week after ending Friday's session slightly higher, shrugging off government data showing the unemployment rate hit 10.2 percent -- the highest in 26-1/2 years.
Business events scheduled for the coming week
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AP
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Fri 2:46 pm ET NEW YORK -- Deadline for submitting a revised agreement in the battle over Google Inc.'s effort to get digital rights to millions of out-of-print books.
Bebe shares fall after 1Q results
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AP
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Fri 1:01 pm ET Shares of clothing retailer Bebe Stores Inc. tumbled 8 percent Friday, after it posted a quarterly loss on sharply lower sales.
Omrat shares fall as analyst downgrades stock
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AP
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Fri 10:59 am ET Shares of Ormat Technologies Inc. tumbled on Friday as an analyst downgraded the stock, citing 2010 product revenue uncertainties.
Ahead of the Bell: E&P companies downgraded
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AP
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Fri 9:15 am ET Oil and gas exploration and production companies face pressure as near-term catalysts are limited, natural gas prices are likely to remain relatively low and stock values remain high, an analyst said Friday as he downgraded stocks in the sector.
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