AP - President-elect Barack Obama is likely to name Timothy Geithner, president of the New York Federal Reserve, as Treasury Secretary in a time of intense economic turmoil as he rounds out the upper echelon of his Cabinet, a senior Democratic official familiar with the deliberations said Friday.

AP - Wall Street staged a surprising comeback Friday, with the major indexes jumping more than 5 percent and the Dow Jones industrials surging nearly 500 points in a late afternoon rally, ending another volatile week that saw stocks reach six-year lows.

AP - Gov. Dave Heineman signed into law Friday a bill adding a 30-day age limit to a safe-haven law that allowed 35 children — including teenagers as old as 17 — to be abandoned at state hospitals. The law, approved hours earlier by the Legislature in a 45-3 vote, goes into effect Saturday, and makes Nebraska the 14th state with a 30-day age cap. It had been the only state with a safe-haven law without an age limit.

AP - Chanting "no to America," supporters of a radical Shiite cleric burned an effigy of President George W. Bush Friday in a protest demanding parliament scuttle a U.S.-Iraqi security pact and American troops begin withdrawing from Iraq immediately.

AP - Law enforcement officials bracing for the largest crowds in inaugural history are preparing far-reaching security — thousands of video cameras, sharpshooters, air patrols — to safeguard President-elect Barack Obama's swearing-in.

AP - A county prosecutor who brought indictments this week against Vice President Dick Cheney and others pounded his fist and shouted at the judge Friday during a routine hearing. Willacy County District Attorney Juan Angel Guerra asked Presiding Judge Manuel Banales to recuse himself from the case, which alleges abuse at federally run prisons.

AP - Archaeologists have unearthed an elaborately decorated 1,800-year-old chariot sheathed in bronze at an ancient Thracian tomb in southeastern Bulgaria, the head of the excavation said Friday. "The lavishly ornamented four-wheel chariot dates back to the end of the second century A.D.," Veselin Ignatov told The Associated Press in a telephone interview from the site, near the southeastern village of Karanovo.

AP - The Golden State Warriors traded disgruntled forward Al Harrington to the Knicks for guard Jamal Crawford on Friday in a swap that addresses both the Warriors' injury problems and New York's salary cap concerns. "I drafted Al back in 1998, and I think his talents are a great fit for our style of play," Knicks president Donnie Walsh said in announcing the deal in a statement. "This trade also gives us more long-term flexibility while enabling us to remain competitive this season."

Reuters - President-elect Barack Obama has selected Timothy Geithner as Treasury secretary, charging the respected head of the New York Federal Reserve with pulling the United States out of an economic nosedive, NBC news reported on Friday.

Reuters - Detroit automakers began work on the turnaround plans demanded by Congress in return for a possible $25 billion rescue as General Motors Corp said it will cut production more deeply and drop two of its controversial corporate jets.

Reuters - Citigroup Inc Chief Executive Vikram Pandit tried to downplay speculation the banking giant might sell major businesses to restore its health and investor confidence, but shares still tumbled for a fifth straight day.

Reuters - U.S. Defense Secretary Robert Gates said on Friday he expected to move five combat brigades into Afghanistan next year and wanted at least some of them in place before the country's election next fall, stressing this was a top priority.

Reuters - U.S. President George W. Bush and Chinese President Hu Jintao planned to discuss North Korea's nuclear program on Friday evening as Asia Pacific leaders gathered for an annual economic summit amid the worst financial crisis since the 1930s.

Reuters - Iran rejected Friday U.S. reports it had enriched enough uranium to make an atom bomb, saying this would require steps it had ruled out like ejecting U.N. inspectors and leaving the Non-Proliferation Treaty (NPT).

AFP - US President George W. Bush began Friday his last scheduled foreign trip, meeting the leader of increasingly important China ahead of a summit aimed at containing a spiraling financial crisis.

AFP - Congo demanded a stronger mandate for UN troops in the conflict-torn east Friday, while residents of a squalid refugee camp said government soldiers killed a woman during a looting spree.