Behind Your Business

Reuters - Former U.S. Treasury secretary Robert Rubin said the near-collapse of Citigroup Inc , where he is a senior counselor, was due to the buckling financial system and not his own mistakes, according to an interview published on The Wall Street Journal's website on Friday.

Reuters - General Motors Corp is pushing some bondholders to swap their debt for equity, as Chief Executive Rick Wagoner tries to keep the automaker out of a Chapter 11 bankruptcy that would likely cost him his job, The Wall Street Journal said late Friday, citing people familiar with the plan.

Reuters - The Toronto Stock Exchange's main index rallied to its sixth straight gain on Friday as financials surged higher on hopes that U.S. stimulus efforts unveiled this week would help boost the economy.

AP - Wall Street climbed again Friday, wrapping up its biggest five-day rally in more than 75 years, even as investors digested signs of a bleak holiday season for retailers and fears that a flurry of reports next week will show more economic distress.

Investor's Business Daily - 1 The market opened weaker, but closed at the highs of a holiday-shortened session. The Dow rose 1.2%, the S&P 500 1%, the NYSE composite 0.9% and the Nasdaq 0.2%. Volume was paltry. The gains capped a week of sharp advances for the market. Low-ranked industry groups had some of the best gains of the day. Retail stocks were mixed on Black Friday.