The fleet of new cars and trucks sold to U.S. consumers averaged 21 miles per gallon in the 2008 model year, a modest increase over the previous year, the Environmental Protection Agency reported Friday.

Federal Reserve Chairman Ben Bernanke's nomination to a second term will be the subject of a Senate Banking Committee hearing next month, the panel's chairman said Friday.

Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down in recent months.

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

Stocks are set to continue their slide as the dollar is strengthening, and after a week of mixed economic reports. Futures are modestly lower.

AOL says it plans to shed up to 2,500 jobs - or about a third of the struggling Internet company's work force -- as it prepares to separate from Time Warner.

EBay has completed its sale of Skype for about $2 billion to an investor group that included the founders of the Internet phone service.

Dell Inc. says its latest quarterly profit dropped 54 percent as the company battles a slump has caused it to lose its ranking as the world's No. 2 personal computer maker.