7 Stocks you need to know for Friday

The Securities and Exchange Commission announced a preliminary inquiry into the bankruptcy rumor-fueled drop in shares of UAL Corporation (UAUA | Quote | Chart | News | PowerRating) according to a report from MarketWatch.

General Motors (GM | Quote | Chart | News | PowerRating) gained more than 11%, emerging as the Dow's biggest gainer on Thursday.

The Wall Street Journal reported late in the day that Bank of America (BAC | Quote | Chart | News | PowerRating) was in talks to buy Lehman Brothers Holdings (LEH | Quote | Chart | News | PowerRating).

Up more than 10% on Thursday, CSX Corporation (CSX | Quote | Chart | News | PowerRating), reached a three-day closing high after pulling back to oversold extremes on Tuesday.

Research in Motion (RIMM | Quote | Chart | News | PowerRating) announced a deal to use Microsoft's (MSFT | Quote | Chart | News | PowerRating) search engine on its popular Blackberry line of smartphones.