(ITV News): Barclays boss Bob Diamond is facing mounting calls to quit as he said all those responsible for the rate-rigging scandal should pay the price.
With Britain's biggest banks facing the threat of a criminal investigation over the activity that could cost the industry billions of pounds, the under-fire chief executive has agreed to a grilling by MPs.
Prime Minister David Cameron said it was very important that accountability for what went on "goes all the way to the top of that organisation" and that Mr Diamond had "some serious questions to answer".
In a further blow, the Financial Times called directly on the senior banker, who it said was behind the bank's "hard-driving culture", to step down.
US (CNN Money): FORTUNE -- BlackBerry maker Research in Motion reported a wider-than-expected loss and yet another delay of its long-awaited BlackBerry 10 operating system on Thursday, marking a new low point in the company's downward spiral.
The bad news isn't entirely surprising. Just last month, newish CEO Thorsten Heins warned that "lower volumes and highly competitive pricing dynamics in the marketplace" would likely result in an operating loss for the quarter, and that the company's financial performance would continue to be challenged for the next few quarters. Shares fell 17% to 7.60 in Friday premarket trading.
US (CNN Money): Fortune - U.K. bank Barclays agreed to pay $453 million to settle claims brought by U.S. and U.K. bank regulators and law enforcement officials that the bank participated in a scheme to fix two key lending rates, including the closely watched LIBOR, which affects as much as $350 trillion in loans and derivatives.
Of the $453 million paid by Barclays, $200 million was to the Commodity Futures Tradings Commission, which is the largest civil fine levied by that regulator in history. The bank agreed to pay another $160 million to settle charges brought by the U.S. Department of Justice, and nearly $93 million to the U.K. Financial Services Authority.
US (CNN): -- U.S. District Judge Lucy Koh has approved Apple's request for a preliminary injunction in the U.S. against Samsung's Galaxy Tab 10.1.
"Although Samsung has a right to compete, it does not have a right to compete unfairly, by flooding the market with infringing products," Koh wrote on Tuesday.
Apple filed a motion for a preliminary injunction in May 2012, claiming Samsung's Galaxy Tab 10.1 infringes on an iPad-related patent. Apple has also filed a similar motion against Samsung's Galaxy S III in June.