UNITED STATES

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Jobless claims fall, trade gap narrows

The number of U.S. workers filing new applications for unemployment benefits fell slightly less than expected last week, hinting at a slow labor market recovery.

Timeline: Global recalls in the auto industry

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Daihatsu Motor Co, a unit of Toyota Motor Corp, said on Thursday it would recall more than 274,000 Hijet and Atrai wagon models in Japan to fix a loose knuckle joint in the front wheels.
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Jobless claims fall less than expected

The number of U.S. workers filing new applications for unemployment benefits fell slightly less than expected last week, hinting at a slow labor market recovery.
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New jobless claims fall, continued claims up

The number of U.S. workers filing new applications for unemployment insurance fell slightly less than expected last week, a government report showed on Thursday, hinting at a slow labor market recovery.
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NY governor in hot water, 2nd-in-command steps up

With Governor David Paterson enveloped in scandal, New York's lieutenant governoris leading the notoriously difficult budget process and freeing up his boss to fight for his political life, experts say.
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JP Morgan private bank to expand away from U.S.

JP Morgan's private bank has embarked on an international expansion in a bid to reduce its focus on the United States, expand its Europe footprint and join the battle to tap the ultra-wealthy in emerging markets.
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India's steel needs spell less iron ore for China

India's export taxes on iron ore and plans to ramp up supplies to domestic steel mills will cut shipments to key buyer China in the long term, and aid miners wrangling for a steep hike in term prices, if not scrap them.
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High stakes in China's big dig

In a tunnel deep beneath Shenyang's busy streets, Lu Ze flicked a switch and a lone light bulb revealed a cluttered concrete floor.
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U.S. warns EU of rift over fund regulation: report

U.S. Treasury Secretary Tim Geithner has written to the European Commission warning that plans to regulate hedge funds and private equity firms could cause tensions with Washington, the Financial Times reported.
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EADS sees no financial hit from U.S. tanker loss

The apparent loss this week of a U.S. in-flight refueling tanker contract worth up to $50 billion will not affect EADS's finances, the European aerospace group's chief executive said on Thursday.
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Futures point to weak Wall St; Devon Energy seen up

Stock index futures fell on Thursday, pointing to a weaker start for Wall Street. By 0859 GMT (3:59 a.m. ET), futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq slipped 0.2 to 0.3 percent.
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China inflation spike weakens equities

A spike in Chinese inflation weakened equity markets on Thursday, as investors pondered the prospects of interest rate hikes in one of the world's main economic drivers.
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Toyota hands over 2006 dissident memo to U.S. panel

Toyota Motor said on Thursday it has handed over to a U.S. congressional committee a letter sent to its management by a splinter union in 2006 seeking reforms to improve safety after a recall crisis at the time.
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U.S. dollar still rules, but debt level a risk: S&P

The U.S. dollar is still the most important world currency, Standard & Poor's said on Thursday, but added that rising levels of U.S. debt and dependence on foreigners to finance much of pose risks to the currency's primacy.
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Asia stocks dip on China tightening fears, yen up

Asian stocks fell on Thursday as investors worried strong loan growth and quickening inflation in China would spur Beijing to tighten monetary policy sooner than expected, while the yen rebounded against major currencies.
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Asian stocks ease after China data, yen struggles

Asian stocks fell on Thursday as investors fretted over tighter monetary policy in China on the back of strong loan growth and quickening inflation, while the yen struggled amid signs that Japan's economy may need more support.
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Macquarie in push to expand U.S. presence: report

Macquarie Group Ltd, Australia's largest investment bank, wants to add more bankers in the United States to advise energy, industrial and technology companies, Bloomberg reported on Wednesday, citing an interview with a top company executive.

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