Treasury Secretary Timothy Geithner will face a congressional grilling later this month about the suppression of details on deals that funneled billions to big investment banks while he was president of the Federal Reserve Bank of New York.

The following recalls have been announced: — About 204,000 “Big Rex and Friends” cloth books, made in China and imported by St. Martin’s Press LLC, of New York, because a red plastic dot sewn in the book contains high levels of lead, which is toxic to young children if they ingest it.

SCHENECTADY, N.Y.—-GE Transportation announced today that it has received advanced manufacturing credits for the construction of a manufacturing facility to develop next generation energy storage systems and create new high-tech manufacturing jobs in the United States.

U.S. lawmakers on Friday pressed for Treasury Secretary Timothy Geithner to testify on whether the New York Federal Reserve Bank improperly pressured AIG to withhold information on payments it made to banks after its government bailout.

A disappointing jobs report couldn’t stop the stock market from having a strong start to the new year. Stocks zigzagged for much of Friday but closed higher as investors took in stride the Labor Department’s news that employers cut 85,000 jobs in December, far more than the 8,000 analysts expected.

Shares of department stores dipped Friday after an analyst downgraded Macy’s Inc., saying a “muted” sales recovery during the year will only offer a limited boost to department store profits.

Brace for a year of stubbornly high unemployment. Gripped by uncertainty over the economic recovery, employers chopped 85,000 jobs last month, and difficulty finding work helped chase more than half a million people out of the job market.

U.S. stocks rose on Friday after trading in the red most of the day as investors concluded weak December jobs data wouldn’t interrupt a trend of steady economic recovery.

Shares of steel manufacturers surged Friday after a JPMorgan analyst forecast a continued rebound in steel prices fueled by higher materials costs and some improvement in demand.

Freight railroad stocks mostly rose Friday after a trade group report suggested more consumer goods are being switched to rail for part of their trip from factory to store.