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U.S. stocks rose on Friday and posted gains for the week, helped by a surge in Boeing shares, President Donald Trump's plan to reopen the coronavirus-battered economy and hopes of a potential drug by Gilead to treat COVID-19.

U.S. airlines are estimated to be sitting on more than $10 billion in travel vouchers that should have been cash refunds from canceled flights, a group of senators released on Friday.

Boeing Co said on Friday it would resume operations at production facilities in Philadelphia next week after a two week suspension due to the spread of the coronavirus.

Oil prices were mixed on Friday, with weak Chinese economic figures and rapidly filling U.S. crude storage offsetting bullishness built on U.S. President Donald Trump's outlines for the U.S. economy to emerge from the coronavirus shutdown.

Retailers, restaurants and hotels -- whose low-paid workers are among the hardest hit in the coronavirus pandemic -- got a combined 18% of the $342 billion allocated under a new federal government program to help small firms keep paying their employees during widespread shutdowns, data from the agency running the program showed on Friday.

Global stocks rallied on Friday on President Donald Trump's plans to revive the coronavirus-hit U.S. economy and hopes of a potential drug to treat COVID-19, while the dollar fell amid investors' growing risk-on sentiment.

U.S. stocks rose on Friday, helped by a surge in Boeing shares, President Donald Trump's plan to reopen the economy and hopes of a potential drug by Gilead to treat COVID-19.

Numerous U.S. and Canadian oil companies have said they are reducing output in 2020, but a Reuters analysis of the announcements so far show that just three companies - Chevron Corp , ConocoPhillips and Occidental Petroleum Corp - account for more than half of the cuts.

Ford Motor Co will launch a three-part unsecured debt offering of $8 billion, yielding up to 9.6% on the 10-year loan, capital markets intelligence provider International Financing Review reported on Friday.

The Federal Aviation Administration (FAA) and Centers for Disease Control and Prevention (CDC) plan to update guidance for airline flight crews about dealing with the coronavirus pandemic amid concerns from pilots, but regulators are not mandating new safety requirements.

A British court awarded $11 million in damages and expenses on Friday to a former partner at global accounting firm Ernst & Young who exposed money laundering at a major gold refinery in the United Arab Emirates.

Warren Buffett's Berkshire Hathaway Inc will close some smaller businesses and is positioning itself conservatively as it rides out the coronavirus pandemic, Berkshire Vice Chairman Charlie Munger said in an article published on Friday.

The Chinese-backed owners of Imagination Technologies told the British government on Friday the chip designer would remain headquartered in the United Kingdom and they would consult over any board changes.

(This April 16 story corrects amount of aid in paragraph 2 to $3.2 billion, not $4 billion)

The Members Exchange (MEMX), a new bourse backed by major Wall Street firms looking to take on the New York Stock Exchange and Nasdaq Inc through lower fees, said on Friday it delayed its planned launch date due to the coronavirus crisis.

Procter & Gamble Co beat Wall Street expectations for quarterly profit on Friday as it reported its best U.S. sales growth in decades thanks to consumers stockpiling cleaning essentials in lockdowns against the coronavirus.

Wall Street bounced on Friday, boosted by a surge in Boeing shares, with President Donald Trump's plan to reopen the economy and hopes of a potential drug by Gilead to treat COVID-19 helping sentiment.

Former Carige CEO Guido Bastianini is the frontrunner to become the new head of lender Monte dei Paschi di Siena as the nomination process at key state-controlled companies comes to an end, two government sources told Reuters on Friday.

Norwegian Air , which is seeking creditor support for its rescue plan, has told bondholders it will overhaul its strategy in the wake of the coronavirus pandemic, according to an investor who took part in a briefing by the airline on Friday.

Uniper announced on Friday the appointment of new directors following the resignation of a raft of supervisory board members earlier this month, after Finland's Fortum secured a 69.6% stake in the German energy group.