Carey Fiertz of Export Risk Management owns two BMWs and says he couldn't see himself in a Cadillac dealership "in a million years." But as Cadillac tries to hoist itself up to the level of BMW, Daimler's Mercedes-Benz, and Toyota's Lexus, this successful entrepreneur represents the very demographic that it yearns to seduce.

MILAN (Reuters) - Any takeover bid for peripherals maker Logitech International SA by Microsoft Corp would be "an operation without sense", Logitech's chairman was quoted as saying in an Italian newspaper on Sunday.

HARARE (Reuters) - Zimbabwe's President Robert Mugabe has signed into law a bill giving local owners the right to take majority control of foreign companies, including mines and banks, a government newspaper reported on Sunday.

NEW YORK (Reuters) - The FBI has begun a criminal inquiry into the largest U.S. mortgage lender, Countrywide Financial Corp, for suspected securities fraud as part of investigations into the mortgage crisis, The New York Times reported in Sunday editions.

PARIS (Reuters) - Europe has been shielded from the effects of rising oil prices to some extent by the strength of the euro, European Commission President Jose Manuel Barroso told a French newspaper in an interview released on Saturday.

WASHINGTON (MarketWatch) -- Sen. Barack Obama won Wyoming's Democratic caucuses on Saturday, U.S. media reported. Eighteen delegates were at stake in Wyoming, a state Obama was expected to win. Before the vote, Obama led Clinton in the delegate count, 1,569 to 1,462, according to The Wall Street Journal's tally. The Democratic candidate will need 2,025 delegates to claim the nomination.

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NEW YORK (Reuters) - U.S. stocks fell on Friday to close at their lowest level in 19 months after a report showed that employers unexpectedly shed jobs at the steepest rate in nearly five years, standing as confirmation for many investors that the United States is in recession.

The FBI has launched an investigation into the lending practices of battered home lender Countrywide Financial Corp., according to a report in The Wall Street Journal. The mortgage company is suspected of widespread fraud, the paper said, which may have contributed to the subprime mortgage crisis that has rocked the U.S. economy.

NEW YORK (Reuters) - Wall Street banks are facing a "systemic margin call" that may deplete banks of $325 billion of capital due to deteriorating subprime U.S. mortgages, JPMorgan Chase & Co , said in a report late on Friday.

STANFORD, California (Reuters) - Treasury Secretary Henry Paulson on Friday reiterated his view that a strong dollar was in the U.S. interest and the greenback's value would ultimately reflect strong economic fundamentals.

DETROIT (Reuters) - Chrysler LLC on Friday said it would close a California studio that has helped design some of the automaker's biggest recent hits, including the Chrysler 300 sedan and the revived Dodge Challenger.

Read full story for latest details.

Read full story for latest details.

WASHINGTON (Reuters) - The Federal Reserve on Friday announced emergency measures to add $200 billion into the banking system in a bid to ease persistent liquidity strains that are leading to a global credit freeze.

WASHINGTON (Reuters) - Employers unexpectedly cut jobs in February at the steepest rate in nearly five years, a second straight month of employment losses that heightened fears the world's largest economy has skidded into recession.

Stocks of the medical device maker tumble after missing analyst estimates.

The auto parts supplier announced the world's largest steel manufacturer intends to make a massive investment.

Company raises funds with flood of stock, and its stock has a rare great day.

Central bank expands term auction facilty and offers repos to encourage lending.

Futures broker expects a strong quarter despite $141M loss.

The mortgage lender's shares decline, but savvy Bill Gross is buying its bonds.

NEW YORK (Reuters) - Stocks could face a further pounding next week as evidence mounts that the economy has entered a recession and problems in the financial sector accelerate.

SAN FRANCISCO (MarketWatch) -- Boeing Co. said late Friday it may file a protest against the U.S. Air Force's decision to choose a tanker made by Northrop Grumman Corp. and EADS to replace the nation's aging airborne tanker fleet. Boeing's comments come after meeting with Air Force officials Friday for a debriefing on why the company didn't win the multibillion dollar contract. "While we are grateful for the timely debriefing, we left the room with significant concerns about the process in several areas, including program requirements related to capabilities, cost and risk; evaluation of the bids and the ultimate decision," said Mark McGraw, Boeing's KC-767 tanker program manager, in a statement. McGraw also said reports that Northrop-EADS won by a wide margin "could not be more inaccurate." The company will give serious consideration to filing a protest with a decision next week, McGraw said.

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SAN FRANCISCO (MarketWatch) - Fitch cut ratings of several major banks and put a few on Watch Negative for a possible downgrade, citing concerns with consumer lending and home equity in particular, the rating agency said late Friday. It downgraded Washington Mutual Inc.'s long-term issuer default rating to BBB from A- and Wells Fargo's individual rating to A/B from A. At the same time, Fitch placed Bank of America Corp. and Citigroup Inc. on Watch Negative, indicating the possibility of a downgrade in the future.

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SAN FRANCISCO (MarketWatch) - Elaborating on its earlier request to Fitch Ratings to withdraw insurer financial strength ratings on six of its units, MBIA late Friday noted that Fitch's rating process differs from other rating agencies. It also pointed out that Fitch's coverage of the underlying credit quality of transactions that MBIA insures is limited, which could lead to "misinterpretation" in turbulent times. In response, Fitch stated that its analysis is of the highest quality and its understanding of MBIA's municipal and structured exposure is strong. Nonetheless, the rating agency will evaluate its ability to maintain coverage on MBIA over the next few days and make a final announcement.

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Red Oaks Fund wants Audible to slow down and rethink the offer on the table.

Asset manager takes $59M charge to bolster SIV-tainted money fund.

Demand for flexible communications gear lifts profit past projections.

The owner and operator of tankers and container vessels announced its CFO resigned, it may cut its dividend, and its exploring strategic alternatives.

Outsourcer's shares tank on dim outlook for U.S. tech sector.

Stocks tanked Friday, falling to the worst levels in nearly 18 months after a weak February employment report and more financial sector woes exacerbated recession fears.

Outsourcer's shares tank on dim outlook for U.S. tech sector.

Sales outlook is below expectations.

DETROIT (Reuters) - General Motors Corp said on Friday an additional eight plants would be partly shut down next week as the impact from a strike against a key supplier spread to affect over 37,000 GM hourly workers.

SAN FRANCISCO (MarketWatch) -- The Federal Deposit Insurance Corporation said late Friday the Commissioner of Missouri's Division of Finance closed Hume Bank in Hume, Mo., with FDIC named as the receiver. Hume Bank's insured deposits will be assumed by Security Bank, in Rich Hill, Mo. As of Dec. 31, Hume Bank had assets of $18.7 million and total deposits of $13.6 million. Security Bank agreed to assume $12.5 million of the failed bank's insured deposits for a premium of 4.26%, FDIC said.

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SAN FRANCISCO (MarketWatch) - Motorola Inc. late Friday said Stu Reed, formerly president of Motorola's mobile devices business, is resigning, effective immediately. "Mr. Reed and his team launched a number of key initiatives important to the Mobile Devices business that the Company will continue to drive and expand upon," the telecommunication giant said. Reed is the latest in a string of high-profile executives to leave the Schaumburg, Ill.-based company.

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The mortgage lender is flirting with disaster, nonetheless Bill Gross sees an opportunity.

The two drug company's continue to battle over the Celebrex patents.

Futures broker expects a strong quarter despite a rogue trader's $141M loss.

SAN FRANCISCO (MarketWatch) -- Bond insurer MBIA Inc. said late Friday it asked Fitch Ratings to withdraw insurer financial strength ratings on six of its units. MBIA wants the rating withdrawn on MBIA Insurance Corp., MBIA Insurance Corp. of Illinois, MBIA UK Insurance Ltd., MBIA Assurance SA, MBIA Mexico SA de CV, and Capital Markets Assurance Corp. MBIA said it asked Fitch to still rate outstanding debt obligations of MBIA Inc. and MBIA Insurance Corp.

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SAN FRANCISCO (MarketWatch) - Thornburg Mortgage Inc. late Friday restated its 2007 net loss at $1.3 billion, or $10.94 a share, from a loss of $875 million, or $7.48 a share, reported previously, according to a regulatory filing. The restatement was prompted by a $427.8 million charge for the impairment of adjustable-rate mortgage assets that it held at the end of 2007. Thornburg also said it has received default notices for a total of about $130 million from Natixis Securities North America Inc., which is acting as an agent for Natixis Financial Products Inc., ING Financial Markets LLC, and Goldman Sachs & Co.

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SAN FRANCISCO (MarketWatch) - Fannie Mae Friday named Jacqueline Wagner as senior vice president and chief audit executive, the mortgage investor said. In her role, Wagner will prepare and present the annual audit plan to the audit committee of Fannie Mae's board and provide periodic updates on the status and overall operation of the internal audit department. Wagner succeeds Jean Hinrichs.

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Stocks of the medical device maker tumble after missing analyst estimates.

Company raises funds with flood of stock.

The auto parts suppplier announced the world's largest steel manufacturer intends to make a massive investment.

Asset manager takes $59M charge to bolster SIV-tainted money fund.

The owner and operator of tankers and container vessels announced its CFO resigned, it may cut its dividend.

NEW YORK (Reuters) - A U.S. bankruptcy judge on Friday said Delphi Corp can proceed with an exit financing deal that relies heavily on General Motors Corp , a crucial step for the bankrupt auto parts maker.