Aaron's Daily WWW Newspaper

BENGHAZI, Libya (Reuters) - In August, as rebels fought forces loyal to President Muammar Gaddafi, two representatives of a British business consortium took a "rather long and arduous ferry journey from Malta" to the North African country.

WASHINGTON (Reuters) - The world's major economies on Thursday pledged to prevent Europe's debt crisis from undermining banks and financial markets, and said the euro zone's rescue fund could be bolstered.

BRUSSELS (Reuters) - European banks have already received 420 billion euros in funds to help recapitalize and are in a much better shape than three years ago, the European Commission said on Friday.

BEIJING (Reuters) - Letting the yuan appreciate cannot solve the U.S. trade imbalance with China, the Foreign Ministry said on Friday, hitting back at planned U.S. Senate legislation aimed at forcing Beijing to loosen controls on its currency.

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Thursday that China is holding to its decades-old strategy to steal American intellectual property, in a pointed statement reflecting U.S. officials' growing impatience with Beijing.

NEW YORK (Reuters) - Europe's debt crisis looks more intractable than ever. The Federal Reserve appears to be shooting blanks when it comes to firing up the U.S. economy.

A pledge to stabilize markets from the world's leading economies failed to reassure investors Friday, and stocks were falling sharply again, a day after fears over the global economy had sent them skidding.

Moody's ratings agency downgraded eight Greek banks by two notches Friday due to their exposure to Greek government bonds and the deteriorating economic situation in the country, whose government has struggled to meet the terms of an international bailout.

A severe shortage of drugs for chemotherapy, infections and other serious ailments is endangering patients and forcing hospitals to buy life-saving medications from secondary suppliers at huge markups because they can't get them any other way.

KB Home says its fiscal third quarter loss widened, as the homebuilder delivered fewer homes compared to last year, when a federal tax credit affected results.

U.S. stock futures are falling as spreading recession fears power a global sell-off in all investments seen as risky.

Oil prices hovered below $81 a barrel Friday in Asia, gaining back a little of the previous day's big loss amid the prospect of weaker demand for crude as the global economy slows.

The world's major economic powers are pledging to launch a bold effort to deal with a chronic slowdown in growth and a European debt crisis threatening to push the global economy into another recession. But it was unclear whether their strong words would be backed up by equally strong actions.

A top Samsung executive says the company will take a bolder stance in its patent battle with smartphone and tablet rival Apple, which Samsung claims has been "free riding" on its patented wireless technologies.

Signs that powerhouse China is slowing have spooked global markets and sharpened fears that the world economy will not escape another recession.

Hewlett-Packard has performed another extreme act of corporate remodeling, firing its CEO Leo Apotheker after just 11 months and replacing him with billionaire businesswoman and political aspirant Meg Whitman. Yet it's done little to convince investors that the company has its house in order.

NEW YORK (Reuters) - Stock index futures pared losses but remained solidly lower on Friday as talk of a Greece default gained pace and a day after markets spiraled downward on deepening worries about global economic stagnation.

British Prime Minister David Cameron joined Canada's prime minister in issuing dark warnings about the global economy on Thursday, saying Eurozone countries must act swiftly to resolve the debt crisis and make Europe's banks stronger.