A high-profile attorney under federal investigation for allegedly running a huge fraud scheme has been sued for $100 million by a group of investors.

European stocks were expected to open higher, with investors looking to snap up some quick bargains following Thursday's selloff.

Demand for the three-month Treasury bill is ramping up as investors seeking protection toward end of the year stock up on the safest securities. At a time when Treasury bills are in short supply, the situation is driving the bond equivalent yield on the three-month T-bill down.

AP - NEW YORK — This holiday season, J.C. Penney CEO and Chairman Myron E. Ullman III is armed with a lineup of exclusive fashion brands he helped bring to the department store chain, and he's ready to battle key rivals like Macy's.

AP - The number of newly laid-off workers seeking unemployment insurance was unchanged last week, while those continuing to claim benefits dipped.