As its peers in the region see their oil production slipping Brazil's state-controlled oil company Petrobras is entering a new era as the region's silent giant.
Sun Microsystems has started a restructuring that could see up to 6,000 employees lose their jobs as it joins a growing list of technology companies reeling from the crisis.
AP - President-elect Barack Obama has interviewed primary election rivals Hillary Rodham Clinton and Bill Richardson for secretary of state, according to Democratic officials who revealed his secret meetings with both as he weighed the decision on folding former foes into his new administration. Obama met with Richardson late Friday afternoon, a day after conferring one-on-one with Clinton at his Chicago office, said several Democratic officials.
AP - Threats against a new president historically spike right after an election, but from Maine to Idaho law enforcement officials are seeing more against Barack Obama than ever before.
AP - World leaders launched extraordinary summit talks on the global economic crisis Friday, preparing to adopt a modest action plan that leans more on the U.S. approach of boosting oversight of shaky financial markets than the European desire to increase regulation.
Riding a brilliant ball of flaming rocket fuel into the sky, the space shuttle Endeavour left Earth tonight, carrying seven astronauts on a 15-day mission to the international space station. While there, the astronauts will increase the station's living space with room for six instead of the current three.
Democratic sources tell CNN that President-elect Barack Obama and Sen. Hillary Clinton had a "serious discussion" Thursday to gauge Clinton's interest in the post of secretary of state, if she were offered it. Clinton's response is unknown, although multiple sources agree that she was left with the impression that if she were interested in the post, it would be hers.
Anti-Vietnam War activist William Ayers spoke out for the first time Friday, calling the Republican effort to tie him to President-elect Barack Obama during the election campaign a "dishonest narrative" with the intent of "demonizing" Ayers.