The economic calendar in the U.S. on Friday includes the consumer price index for January at 8:30 a.m. EST. Economists are calling for an increase of 0.3% with the core number rising 0.1%. Also to be released Friday are the leading indicators for January at 10 a.m.
Campbell Soup ( CPB - Get Report) and H.J. Heinz ( HNZ) report earnings on Friday.
Lehman Brothers and its creditors want to subpoena Treasury Secretary Timothy Geithner to question him under oath over allegations JPMorgan Chase ( JPM) illegally siphoned billions of dollars from Lehman before the investment bank filed for the largest bankruptcy in U.S. history, The Wall Street Journal reported. Lehman's official committee of unsecured creditors, in a filing, said Geithner has so far refused to comply with an Aug. 9, 2011, subpoena, and it wants a court to force Geithner to give a deposition by a March 16 deadline, the newspaper reported.
Germany's President Christian Wulff quit Friday in a scandal over favors he allegedly received before becoming head of state. Chancellor Angela Merkel said she will seek an agreement with Germany's main opposition parties -- the Social Democrats and Greens -- on a new president. Wulff is stepping down after less than two years in the job. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel