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BILOXI, Mississippi (Reuters) - BP will attempt on Tuesday the "static kill" operation to seal its ruptured Gulf of Mexico oil well and hopes to have a relief well finished by the end of August, incoming company CEO Bob Dudley said on Friday.

(Reuters) - Social networking website Facebook Inc may postpone its initial public offering until 2012, Bloomberg said, citing three people familiar with the matter.

NEW YORK (Reuters) - Stocks reversed course on Friday with the major indexes turning positive after a barometer of U.S. Midwest business jumped in July, while consumer sentiment data for the month came in better than expected.

WASHINGTON (Reuters) - Economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and consumers spent less, raising concerns about the recovery in the rest of 2010.

WASHINGTON (Reuters) - Economic growth slowed in the second quarter as companies invested heavily in equipment from abroad and consumers spent less, raising concerns about the recovery in the rest of 2010.

WikiLeaks founder Julian Assange said Friday he was disappointed by criticism from Secretary of Defense Robert Gates over the release of about 75,000 pages of U.S. documents related to the war in Afghanistan.

HOUSTON (Reuters) - BP Plc said on Friday it will establish a $100 million fund to help drilling rig workers in the Gulf of Mexico who are unemployed as a result of the company's oil leak.

Hundreds of firefighters battled a third wildfire in the Los Angeles area early Friday as two more raged within 60 miles of one another.

NEW YORK (Reuters) - Fannie Mae expanded its mortgage portfolio in June, while the rate of late payments on loans it guarantees fell in May to the lowest level this year, the largest U.S. home loan purchaser said on Friday.

NEW YORK (Reuters) - Merck and Co issued a more cautious 2010 profit outlook on Friday and reported disappointing second-quarter sales of its vaccines and Singulair asthma drug, sending its shares down more than 3 percent.

NEW YORK (Reuters) - Josephine Spearman alternately fought back tears and grew defiant with anger when discussing the murder of her son, one of 11 shootings in 15 days recently that have made the neighborhood of Brownsville, Brooklyn, one of the most dangerous in the United States.

Incoming BP CEO Bob Dudley is expected to discuss the oil giant's long-term recovery efforts in the Gulf of Mexico during a news conference in Mississippi on Friday.

NEW YORK/SAN FRANCISCO (Reuters) - Chevron Corp, the second-largest U.S. oil company, reported a three-fold jump in quarterly profit, beating expectations as refinery margins fattened.

NEW YORK (Reuters) - Consumer sentiment plunged in July to its lowest level in 9 months on bleak prospects for jobs and income a year since the economic recovery began, a private survey released on Friday showed.

A New York Democratic colleague of Rep. Charles Rangel told CNN on Thursday that Rangel and the House ethics committee are "close to a settlement" involving Rangel's alleged violations of House rules.

New York Attorney General Andrew Cuomo is launching a fraud investigation into the life insurance industry for "practices that appear to have denied grieving military families and others of millions in life-insurance cash," Cuomo's office announced Thursday.

An abandoned well struck by a barge in southeastern Louisiana early Tuesday is still spewing a mixture of oil, gas and water, and it could take 10 days before it is capped.

ANCHORAGE, Alaska (Reuters) - A dead whale was discovered pinned to the bow of a Princess Cruises luxury liner near Juneau, the third such incident involving the company's Alaska fleet in a decade, officials said on Thursday.

MEXICO CITY (Reuters) - The U.S. government has shut indefinitely its consulate in Mexico's most violent drug war city Ciudad Juarez, across from El Paso, Texas, to evaluate security conditions.

PHOENIX (Reuters) - Arizona on Thursday appealed a judge's decision to block key parts of the state's crackdown on illegal immigrants and police in Phoenix arrested scores of activists protesting the remaining measures in the law.

A Georgia man suffering from Lou Gehrig's Disease says he wants to die by having his organs harvested rather than wait for his degenerative nerve ailment to kill him.