NEW YORK (Reuters) - The S&P 500 hit a 17-month closing high as rising bank shares led a late rally that lifted stocks on Thursday, more than offsetting worries China may move to cool its overheating economy.

SINGAPORE (Reuters) - Asian stocks edged up on Friday, heading for a fifth straight week of rises, with energy stocks firm as oil held above $82 a barrel and financials ticking higher after U.S. talks to force broad banking reform collapsed.

NEW YORK (Reuters) - Lehman Brothers Holdings Inc used accounting gimmicks and had been insolvent for weeks before it filed for bankruptcy in September 2008, but there was not extensive wrongdoing, a court-appointed examiner has found.

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