US shares up on 'Treasury choice' US shares rise sharply on reports that President-elect Barack Obama has chosen his treasury secretary, reassuring investors.
Citigroup plunges on uncertainty Shares in Citigroup, one of the biggest banks in the US, fell on Friday amid uncertainty about the firm's future.
No agreement for US car bail-out US carmakers are given a deadline to produce a viable recovery plan if they want a $25bn government bail-out.