Bank of New England's stock rallied, more than making up for the drop it suffered Thursday on a rumor -- later proven to be false -- that federal regulators would close the struggling bank over the weekend. The stock gained $1.125 to close at $2.12 1/2.
Major world airlines said they will seek international fare increases of 5 to 8 percent to cover higher costs related to the Mideast crisis. The International Air Transport Association said the airlines will file for the surcharges to take effect on or after Oct. 1.
Japan's trade surplus fell 63.3 percent in July from a year earlier, the government reported. The surplus in the current account, the widest measure of trade in goods and services, fell to $2.02 billion from $5.50 billion a year earlier, the report said.
Adolph Coors Co. is the target of a criminal investigation by state regulators for alleged groundwater pollution at a Golden, Colo., can plant, the Rocky Mountains News said.
Mortgage rates fell this week. Rates on 30-year fixed mortgages fell to an average 10.24 percent from 10.29 percent last week, while one-year adjustable-rate mortgages fell to an average 8.30 percent from 8.36 percent, the Federal Home Loan Mortgage Corp. said.
Real estate investor Dominic F. Antonelli Jr., who has been negotiating to restructure hundreds of millions of dollars of debt, and partner Jeff Grene reached an agreement with Balcor Co., their main lender on seven apartment projects. A lawyer for Grene said the problem loans were resolved "on terms favorable to Antonelli and Grene."