Stocks fluctuated Friday as investors tried to reconcile some mixed economic data.
Oil prices extended a rally to above $66 a barrel Friday to hit a fresh six-month high, after the U.S. reported a fall in oil inventories and further signs of an improving economy.
Clothing maker Levi Strauss & Co. on Thursday said it would hire Yahoo Inc.'s Blake Jorgensen.
Microsoft Corp. is rolling out a redesigned search site.
General Motors Corp. said Thursday a committee of bondholders has agreed to a sweetened deal proposed by the U.S. government to erase the automaker's unsecured debt in exchange for company stock.
The tally of newly laid-off people requesting jobless benefits fell last week, the government said Thursday, a sign that companies are cutting fewer workers.
Demand for big-ticket manufactured goods soared by the largest amount in 16 months in April, the second increase in the past three months.
A General Motors Corp. bankruptcy filing seemed inevitable after a rebellion by its bondholders forced it to withdraw on Wednesday a plan to swap bond debt for company stock.
More than 90 percent of economists predict the recession will end this year, although the recovery is likely to be bumpy.