NEW YORK (MarketWatch) -- Egyptian leader Hosni Mubarak has left Cairo, according to reports on Friday. A western official told The New York Times that the government is signaling that Mubarak has handed over all power. The Egyptian Armed Forces issued a statement that the military was in effective control of the country -- not Mubarak. The Associated Press reported that Mubarak flew to the resort of Sharm el-Sheik on the Red Sea, where he has a home.
