(19:01) Mobile company 3 has been selected as the preferred tenderer for the National Broadband Scheme. (17:23) The US government has said the country's economy shrank at an annual rate of 0.5% in the third quarter.

Stocks closed little changed on Friday in day of whipsaw moves as uncertainty over the fate of troubled investment bank Lehman Brothers kept investors anxious about the health of the U.S. financial system.

Phoenix Investment Partners, the asset management firm of insurance and wealth management company Phoenix Cos., hired Michael Angerthal as its chief financial officer.

Macomb County is in worse financial shape than expected, a top finance official announced today, triggering fears of future layoffs and deep cuts in services.

MISSISSAUGA, ONTARIO-- - Pioneering Technology Inc. of Mississauga, Ontario , announced today that the North Carolina Housing Finance Agency has awarded affordable housing tax credits to assist in funding the rehabilitation of an affordable housing apartm