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US stocks gain, S&P posts best weekly climb since 1974

US stocks gain, S&P posts best weekly climb since 1974New York - Wall Street stock indices closed higher on Friday, ending one of the best weeks in three decades, as banking giant JPMorgan Chase & Co moved to tackle the housing crisis at the centre of the economic downturn in the United States.

JPMorgan Chase said it would suspend foreclosures proceedings as it works to modify the terms of 110-billion-dollars worth of mortgages. Financial shares gained 12 per cent on Friday.

New Zealanders advised against travel to Indonesia

New Zealanders advised against travel to IndonesiaWellington - New Zealanders were warned Saturday against travelling to parts of Indonesia where three Islamic militants involved in the Bali bombings that killed 202 people, mainly tourists, in 2002, are expected to be executed any day.

Indonesian police said they had found bombs suspected to have been prepared for a retaliatory attack after the bombers, Mukhlas, his brother Amrozi, and Imam Samudra, go before a firing squad.

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US stocks gain, S&P posts best weekly climb since 1974

US stocks gain, S&P posts best weekly climb since 1974

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