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Oil fell below $65 a barrel on Friday in its first weekly loss since late November, erasing the week's risk premium added since a U.S. drone strike killed a top Iranian general as investors focused on rising U.S. inventories and other signs of ample supply.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Shounak Dasgupta)

Boeing Co's biggest supplier, Spirit AeroSystems Holdings Inc , said on Friday it plans to lay off more than 20% of the workforce at its Wichita-Kansas base as it grapples with halted production and uncertainty over when 737 MAX jets will return to service.

The Federal Aviation Administration (FAA) said on Friday it was seeking to fine Boeing Co $5.4 million, alleging it failed to prevent the installation of defective parts on 737 MAX airplanes.

Huawei executive Meng Wanzhou's conduct amounts to fraud under Canadian law and the court need not consider U.S. sanctions law, Canadian federal prosecutors argued in a court filing released on Friday.

U.S. stocks fell on Friday from record-high levels as investors took profit and data showed slower-than-expected December U.S. jobs growth, but the major indexes posted gains for the week.

The U.S. Federal Aviation Administration (FAA) said on Friday it is seeking to impose a $3.92 million fine on Southwest Airlines Co for alleged weight infractions on 21,505 flights on 44 aircraft between May 1, 2018 and Aug. 9, 2018.

Shares of Facebook , which have been doggedly crawling their way back from a historic slump after lapses in users' privacy sparked fears of lower profits, on Friday struck an intra-day record high for the first time in over a year.

Airbus posted higher airplane orders for 2019 but failed to keep pace with deliveries for the second year in a row after axing its A380 superjumbo program and clearing its books of some defunct deals left over from a faltering industry order boom.

Alphabet's new Chief Executive Sundar Pichai on Friday gained the opportunity to reshape the leadership of Google's parent with the exit of Chief Legal Officer David Drummond, whose outsized strategic role was overshadowed by employee concerns about his personal relationship with a subordinate.

Muilenburg was fired from the job in December as the company failed to contain the fallout from a pair of fatal crashes that halted output of its bestselling 737 MAX jetliner and tarnished its reputation with airlines and regulators.

Boeing Co's ousted chief executive officer, Dennis Muilenburg, is leaving the company with $62 million in compensation and pension benefits but will receive no severance pay in the wake of the 737 MAX crisis.

WarnerMedia's news channel CNN, owned by AT&T Inc , on Friday agreed to pay $76 million in backpay to settle a long-standing dispute over the termination of a contract with camera operators Team Video Services (TVS).

Boeing Co's ousted chief executive officer, Dennis Muilenburg, is leaving the company with $62 million in compensation and pension benefits but will receive no severance pay in the wake of the 737 MAX crisis.