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Sony positive on post-holiday U.S. electronics

Sony Corp said U.S. electronics sales are looking positive after the holiday season, and that it was optimistic about meeting its full-year target for PlayStation 3 video game console sales.

Ex-McKinsey exec says Rajaratnam paid $1.75 mln

A former McKinsey & Co director told a court on Thursday that Galleon hedge fund founder Raj Rajaratnam paid him $1.75 million in exchange for confidential information on clients to make illegal stock trades.

TV makers bet big on 3D, payoff uncertain

Television manufacturers are banking on 3D TVs for their next sales boost, with sets capable of adding that extra visual dimension expected to hit U.S. store shelves in force by the middle of 2010.

Wells Fargo mortgage case in Baltimore dismissed

Baltimore's defeat in a lawsuit accusing Wells Fargo & Co of steering minority borrowers to expensive home loans may not derail efforts by local governments to hold the biggest mortgage providers responsible for lending they contend hurts cities.rr

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Six Flags says could exit bankruptcy in March

U.S. theme park operator Six Flags Inc could emerge from bankruptcy as soon as March under an $830 million financing deal it is arranging with lenders, the company said in a regulatory filing on Thursday.

Dow and S&P gain on GE, BofA

The Dow and the S&P 500 rose on Thursday after Bank of America and General Electric rallied on positive broker comments, while the Nasdaq slipped as investors were cautious a day before the release of key monthly non-farm payrolls data.

GM, government backers show off first Volt battery

General Motors Co showed off the first battery pack for its electric Chevy Volt on Thursday with a ceremony that highlighted the automaker's dependence on U.S. government financing for its revival plans.

Fed's Hoenig says must tighten policy sooner rather than later

The Federal Reserve should tighten policy sooner rather than later to contain longer-term inflation pressures and avoid sowing the seeds of the next crisis, a top Federal Reserve policy-maker said on Thursday.

Ex-McKinsey director Kumar pleads guilty in Galleon case

A former McKinsey & Co director charged with leaking confidential information to Galleon Group founder Raj Rajaratnam became the seventh person to plead guilty in what U.S. prosecutors have called the biggest hedge fund insider trading case ever.

Ex-McKinsey director Anil Kumar pleads guilty in Galleon case

Anil Kumar pleads guilty in Galleon case

TV makers bet big on 3D but payoff uncertain

Television manufacturers are banking on 3D TVs for their next sales boost, with sets capable of adding that extra visual dimension expected to hit U.S. store shelves in force by the middle of 2010.

Retailers beat December sales forecasts

A late holiday shopping surge helped U.S. retailers beat analysts' sales estimates for December, but industry experts see the momentum fading early in 2010 as consumers return to saving their money.

GameStop cuts profit view; holiday sales stagnate

GameStop Corp said on Thursday holiday sales failed to improve from 2008, and cut its fourth-quarter profit forecast, sending shares of the biggest U.S. videogame retailer to a 13-month low.

U.S. apartment vacancy rate hits 30-year high

The U.S. apartment vacancy rate rose to an almost 30-year high of 8 percent in the fourth quarter, and rents dropped in the biggest one-year slump in 2009, according to real estate research company Reis Inc.

U.S. mortgage demand near 6-month low as rates jump

Demand for U.S. mortgages held last week near six-month lows as the highest long-term borrowing costs since August stifled refinancing, a Mortgage Bankers Association survey showed on Wednesday.

Pending home sales slump, factory orders up

Pending sales of previously owned U.S. homes fell more sharply than expected in November, but a surge in new factory orders offered assurance the economic recovery remained on track.

Obama to push stimulus-lite as employment lags

President Barack Obama's top domestic test this year is to cut unemployment, but his push for more spending on jobs reflects political need more than economic necessity and any new stimulus is likely to be small.

Fed's Hoenig says mustn't wait too long to tighten

The Federal Reserve should not wait too long to exit its extraordinary support for financial markets or risk sowing the seeds of the next crisis, a top Federal Reserve policy-maker said on Thursday.

Jobless claims on down trend, retail sales up

The number of U.S. workers filing new jobless claims edged up by a slim 1,000 last week and a gauge of underlying labor market trends hit a nearly 16-month low, evidence the job market continues to heal.

Job market shows signs of healing

Monster U.S. online jobs index falls in December

A monthly barometer of online U.S. employment demand fell in December from November amid a year-end pause in recruitment activity, a private research group said on Thursday.

Suicide blast kills nine Afghans including commander

A suicide bomber struck a crowded market in restive southeast Afghanistan on Thursday, killing nine people including a senior Afghan commander, while another blast hit a neighbouring province's governor's office.

Schwab cuts trading fees; could spark price war

Charles Schwab Corp , the largest U.S. online brokerage, is cutting its fees by about $4 per trade, a rare pricing change that could pressure rivals to follow suit.

Goodbye kiss provoked Newark airport scare: report

The security scare that shut Newark airport for hours and delayed thousands of passengers was caused by a man who slipped into a secure area to give a woman one last goodbye kiss, a newspaper reported on Thursday.

Wall St little changed after jobless, retail data

Stocks were little changed on Thursday after the government said jobless claims rose slightly, with investors in a holding pattern ahead of key monthly non-farm payroll data on Friday.

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