ANB Financial closure marks third bank failure of the year - at MarketWatch - Fri 6:56 pm ET
ANB Financial N.A., a Bentonville, Ark.-based bank, has been closed by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. has been named receiver, the FDIC says.

U.S. stocks decline on credit turmoil; weekly losses of 1% plus - MarketWatch - Fri 6:47 pm ET
U.S. stocks tumble, with the major indexes headed towards weekly losses, as the financial sector spouts more leaks after American International Group Inc. reports a $7.8 billion loss and Citigroup Inc. unveils plans to shed about half a trillion dollars in assets.

Theme parks brace for long, dry summer - at MarketWatch - Fri 6:34 pm ET
While theme-park operators have yet to feel a full-throated assault on their revenue from a sluggish economy, trouble could be just around the corner.

ADR Report: Shares slide led by financials, energy - at MarketWatch - Fri 6:14 pm ET
U.S.-listed shares of overseas companies fall, tracking the action on Wall Street, where financial jitters are revived after American International Group reports a big loss and says it will shed assets.

Top Ten: The week's top news and analysis, May 5-9 - at MarketWatch - Fri 6:07 pm ET
For most of the world, nonfinancial news dominated the week's headlines. Most prominently, the death toll from a cyclone that hit Myanmar over the weekend rose each day. By Thursday, a U.S. official said up to 100,000 lives may have been lost.

[video] Tough Summer for Theme Parks? [2.7 min] - at MarketWatch - Fri 5:56 pm ET
Against the backdrop of a weaker economy and higher gas prices, U.S. theme parks may face a long, hot and challenging summer. MarketWatch's Russ Britt reports.

Emerging Markets Report: Israeli stocks chart a prosperous 60-year path - at MarketWatch - Fri 5:43 pm ET
If you want to know how far Israeli companies have come in country's 60-year history celebrated last week, the president of the only Israel-focused mutual fund company in the U.S. is happy to oblige.

CORRECT: Boeing begins labor talks with machinists union - at MarketWatch - Fri 5:32 pm ET
Boeing Co. said late Friday it started negotiating a new labor contract with the International Association of Machinists and Aerospace Workers union covering more than 26,000 employees.

E-Trade to exit retail mortgage origination business - at MarketWatch - Fri 4:57 pm ET
E-Trade Financial Corp. said it decided in April to exit the retail mortgage origination business, its last remaining loan origination channel, according to a Securities and Exchange Commission filing late Friday.

Verizon Wireless buys SureWest Wireless for $69 million - at MarketWatch - Fri 4:57 pm ET
Verizon Wireless said late Friday it bought SureWest Wireless, including its spectrum licenses, and network and operations assets in the Sacramento, Calif. area, for $69 million. About 50,000 of SureWest Wireless customers will transition to Verizon's network by late summer, Verizon said.

Nasdaq short interest in 9.59 billion shares as of April 30 - at MarketWatch - Fri 4:21 pm ET
Short interest in 3,160 Nasdaq securities totaled 9.59 billion shares at the end of April 30 settlement date, compared with 3,189 issues and 9.59 billion shares at the end of April 15 settlement date, the exchange said late Friday.

U.S. stocks socked by credit crisis; indexes down on week - at MarketWatch - Fri 4:08 pm ET
U.S. stocks fell on Friday, with the major indexes all hit with losses of 1% and more, as the financial sector spouted more leaks after American International Group Inc. reported a $7.8 billion loss and Citigroup Inc. unveiled plans to shed about half a trillion dollars in assets.

Fairchild Semiconductor names CEO Thompson as board chairman - at MarketWatch - Fri 4:07 pm ET
Fairchild Semiconductor said late Friday it named President and Chief Executive Officer Mark Thompson as chairman of the board. The energy-efficiency products supplier also named Laurenz Schmidt as chief technology officer.

Delphi first-quarter loss widens - at MarketWatch - Fri 3:27 pm ET
Delphi Corp.'s first-quarter loss widened to $589 million, or $1.04 a share, from $533 million, or 95 cents a share, a year earlier. The loss in the latest period included $79 million of reorganization-related charges and $42 million in work-force transition charges.

Crude futures close near $126, up over 8% for the week - at MarketWatch - Fri 3:04 pm ET
Crude futures closed at another record Friday as global supplies remained a key concern. The June contract closed at $125.96 a barrel, up $2.27 for the session and up 8.3% for the week.

S&P downgrades Pitney Bowes to 'A'; outlook stable - at MarketWatch - Fri 1:48 pm ET
Standard & Poor's Ratings Services on Friday downgraded Pitney Bowes and its subsidiaries' corporate credit ratings to A from A+. "The downgrade reflects our expectation that strategic growth and shareholder initiatives will continue at levels that are likely to preclude the company from sustaining leverage at a level more consistent with the previous rating," Molly Toll-Reed, a credit analyst at S&P, said.

Gold futures end the week over 3% higher - at MarketWatch - Fri 1:46 pm ET
June gold climbed $3.70 an ounce Friday to close at $885.80. The contract ended the week 3.2% higher. "The U.S. dollar has failed to sustain its rally off recent lows and ... the value gold presents during this inflationary environment has brought out the bargain hunters," said Peter Spina, an analyst at GoldSeek.com.

Menu price inflation to remain high this year, industry says - at MarketWatch - Fri 1:37 pm ET
Due in part to rising food costs, menu price inflation is expected to remain elevated this year, the National Restaurant Association said Friday. Restaurant operators looking to offset costs are taking steps such as substituting ingredients, and modifying recipes and portion sizes.