Reuters - Bankrupt auto parts maker Delphi Corp. on Friday announced an agreement with the United Auto Workers to offer buyouts to workers and expand its attrition plan to less senior employees.

Reuters - Stocks fell in a volatile session on Friday, with the Dow capping its worst week in more than a year, as concern about higher interest rates and slowing economic growth pushed investors to safer assets.

Reuters - Bank of America Corp. has asked a federal judge to reject Parmalat's bid to throw out the bank's claims over the Italian dairy's fraud.

Reuters - Soft U.S. vehicle sales in May, declining consumer confidence in the face of rising gasoline prices, and a weak sales forecast for the summer may spark a new rebate war among U.S. automakers, according to analysts.

Reuters - The U.S. trade deficit widened less than expected in April, but oil import prices surged again in May, government reports showed on Friday, increasing expectations the Federal Reserve will raise rates again to try to curb inflation.