Oil jumps to near $76 on U.S. supply outage (Reuters)

Reuters - U.S. crude approached a three-week high near $76 on Friday, after record U.S. inventories were offset by the shutdown of a major pipeline, but a leading forecaster said oil demand would remain tepid.

Nokia brings in Microsoft exec to replace CEO (Reuters)

Reuters - Nokia (NOK1V.HE), the world's top cellphone maker, brought in Microsoft's Stephen Elop to replace its embattled chief executive and lead a renewed effort to compete in the smartphone market.

Stock index futures up (Reuters)

Reuters - Stock index futures pointed to a slightly higher open on Wall Street on Friday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.4 percent at 0850 GMT.

Renault, Peugeot to repay state loan early (AFP)

AFP - French carmakers Renault and PSA Peugeot Citroen said Friday they each plan to pay back a third of their three-billion-euro (3.8-billion-dollar) state loans ahead of time.

Dubai World wins over most creditors to debt plan (AP)

AP - Dubai World says it has won over nearly all its creditors to its plan to restructure $24.9 billion in debt.

Dubai World in formal debt deal for $24.9 billion (Reuters)

Reuters - State-owned conglomerate Dubai World has come to a formal agreement with over 99 percent of its creditors to restructure around $24.9 billion of liabilities, the government of Dubai said on Friday.

Trichet: phasing out crisis measures to take time (AP)

AP - The European Central Bank's president says it may take a while yet to phase out special efforts to keep banks supplied with credit in the wake of the financial crisis.

BP delays Q3 results due oil spill complexities (Reuters)

Reuters - BP Plc said it would delay the release of its third quarter results by a week because of added complexities in its accounts due to costs associated with the Gulf of Mexico oil spill.

China's imports leap, cutting trade surplus (Reuters)

Reuters - China's imports leapt in August, boding well for a strengthening of domestic demand in an economy that has become a major driver of global growth.

Business Highlights (AP)

AP - Fears of a second recession ease, at least for now

Mortgage rates edge up; Housing market still slow (AP)

AP - Record-low mortgage rates failed to pull the housing market out of its funk. Now rates are inching higher, but don't blame them if home sales stay sluggish.

Homeowners, Beware Association Costs (Investor's Business Daily)

Investor's Business Daily - House and condo owners may face extra costs as their homeowner associations struggle with unpaid assessments, the legacy of neighbors hit by job losses and foreclosures.

Shoe seller DSW's operator says 2Q profit jumps (AP)

AP - Retail Ventures Inc., which operates the DSW shoe store chain, posted a 67 percent jump in second-quarter net income as a key revenue figure improved.

Analysis: Obama has tenuous grip on Democrats over taxes (Reuters)

Reuters - Democrats in Congress are distancing themselves from President Barack Obama's push to let taxes rise for the wealthiest Americans, fearing it will further harm them in November's mid-term elections.

Wal-Mart US merchandising now headed by four execs (Reuters)

Reuters - Wal-Mart Stores Inc will remain without a chief merchandising officer for its U.S. stores for now, instead naming four new product heads to take over that responsibility, the retailer said on Thursday.

Web Impostors May Face Prison in California (BusinessWeek)

BusinessWeek - California Web impostors beware: You may soon be breaking the law, even if you aren't one of the perpetrators targeted by the state's "e-personation" bill.

SEC says proposed Citi settlement is fair (Reuters)

Reuters - The top securities regulator defended its proposed $75 million settlement with Citigroup , saying the penalty reasonably accounts for the seriousness of the bank's alleged misconduct, according to a document filed in court on Wednesday.