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US stocks enjoyed their first weekly gain in four weeks friday, and the dollar had its biggest five-day drop since 2011 as the Federal Reserve's dovish midweek commentary continued to reverberate around the markets.  Treasury bond prices resumed their upward momentum, equity prices in Europe and Japan reached fresh highs, and crude oil staged a strong end-of-week rally. (WSJ)

The number of rigs drilling for oil in the US declined again by 41 to a total of 825 to end last week, according to the weekly count published by oilfield services company, Baker Hughes. The pace of decline is slower than the previous week, when 56 rigs were taken offline.  West Texas Intermediate, the US oil benchmark, had its best day in a month on the news. (FT)
RadioShack's fate hangs in the balance today when a bankruptcy auction kicks off, pitting companies that want to liquidate the remaining assets against a hedge fund that has pledged to keep about half the chain's stores open. Hedge fund Standard General LP is now the sole hope of survival for the company. (CNBC)

Amazon.com has won approval from U.S. federal regulators to test a delivery drone outdoors, as the e-commerce company pursues its goal of sending packages to customers by air.  The Federal Aviation Administration said it issued an experimental airworthiness certificate to an Amazon business unit and its prototype drone, allowing test flights over private, rural land in Washington state. (WSJ)





 


 

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