Reuters - U.S. financial regulators took a one-two punch on Friday that might leave their efforts to regulate the $1.3 trillion hedge fund industry in shambles.

Reuters - U.S. oil and gas producer Anadarko Petroleum Corp. on Friday said it agreed to buy smaller rivals Kerr-McGee Corp. and Western Gas Resources Inc. for more than $21 billion in cash to expand in the U.S. Gulf of Mexico and Rocky Mountains regions.

Reuters - Fed watchers are set to take over on Wall Street next week as a Federal Open Market Committee meeting could give stock investors more clues on the outlook for interest rates.

Reuters - Russian steelmaker Severstal was on Saturday jostling to thwart any potential raised Mittal Steel offer for rival steelmaker Arcelor as the battle for Arcelor nears its climax, said a source familiar with the matter.