The US markets opened in red on Friday, energy stocks saw selling pressure. The consumer review website Yelp jumped over 60 per cent than from its 15-dollar IPO price. The US government asked the court to dismiss a lawsuit on its takeover of insurance company American International Group in 2008, Former AIG Chief alleged it unconstitutional. European leaders signed a fiscal contract to reign in debt in Eurozone; Britain and Czech Republic opted out. Meanwhile, crude oil prices cooled off after supply worries eased, but oil politics is still hot on the back of Iran voting.