May 25, 20128:00 AM ET

NEW YORK (AP) — Bank of America Corp. and Barclays Bank PLC are selling their stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.'s bankruptcy estate for $1.58 billion.

May 25, 20128:00 AM ET

BRUSSELS (AP) — The European Union on Friday started legal proceedings at the World Trade Organization against Argentina, claiming the South American country stifles imports to protect its own industry.

May 25, 20127:57 AM ET

MADRID (AP) — Spain's market regulator suspended trading of shares in bailed-out Bankia on Friday ahead of a key board meeting at which the lender is expected to decide how much more rescue money it needs from the government.

May 25, 20127:57 AM ET

LISBON, Portugal (AP) — Portugal's Parliament has endorsed a four-year budget plan that places legal limits on state spending in an effort to restore the bailed-out country's fiscal health.

May 25, 20127:53 AM ET

PARIS (AP) — The head of Germany's central bank says there is no quick fix for Europe's problems, calling appeals for more support from the European Central Bank and plans for investment in infrastructure a distraction from the hard work of reform.

May 25, 20127:49 AM ET

Oil edged up above $91 a barrel Friday as an inconclusive summit about Iran's nuclear program outweighed demands concerns tied to Greece's financial crisis and sputtering growth in China.

May 25, 20127:30 AM ET

NEW YORK (AP) — U.S. stock futures are mixed ahead of the long holiday weekend on concerns over the lack of a concrete plan to keep Greece in the European currency union.

May 25, 20127:28 AM ET

VIENNA (AP) — The U.N. atomic agency has found evidence at an underground bunker in Iran that could mean the country has moved closer to producing the uranium threshold needed to arm nuclear missiles, diplomats said Friday.

May 25, 20127:27 AM ET

FRANKFURT, Germany (AP) — A top European Central Bank official says the 17 countries that use the euro need an "urgent overhaul" of their banking and financial system to deal with the debt crisis, including a multinational authority with the power to restructure and bail out banks.