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S&P futures edge up on last day of year

S&P 500 index futures edged higher on Thursday as investors awaited data on the health of the hobbled labor market, which poses a potential hurdle for the nascent economic recovery.

Oil nears $80 after year of recovery

Oil rose toward $80 on Thursday, poised for the biggest annual climb in a decade, a year after posting huge losses as the global economic crisis sapped demand.

Stock futures signal rise on last day of 2009

U.S. stock index futures pointed to a higher open on Wall Street on Thursday for the last trading session of the year, with futures for the S&P 500 up 0.2 percent, Dow Jones futures up 0.2 percent and Nasdaq 100 futures up 0.1 percent at 3.48 a.m. ET.

Asia stocks end 2009 with 68 percent gain

Asia stocks rose on Thursday, racking up a 68 percent gain for the year, as a jump in U.S. consumer confidence reinforced views that the world's largest economy is gradually recovering.

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EIA Report 30/12/2009

The U.S. average price for regular gasoline increased two cents to $2.61 per gallon, $0.99 higher than the price a year ago. With the exception of the Rocky Mountains, prices rose in all regions of the country. The price on the East Coast inched up about a penny to $2.60 per gallon. The largest increase occurred in the Midwest, where the price rose more than three cents to $2.56 per gallon. On the Gulf Coast, the average grew over two cents to $2.47 per gallon. In the Rocky Mountains, the averag...

AT&T asks FCC to set date to scrap old phone system

AT&T Inc told U.S. telecoms regulators that it should set plans for phasing out older telephone networks if the government wants to make high-speed Internet access available across the country.

U.S. spy chief in spotlight after botched plane attack

U.S. intelligence chief Admiral Dennis Blair faced tough questions about his future on Wednesday as the Obama administration fended off criticism over the attempted bombing of a Detroit-bound airliner on December 25.

Time Warner Cable could OK arbitration with Fox

Time Warner Cable Inc said it is willing to go to arbitration with News Corp's Fox Networks to avoid losing some of Fox's channels if the companies fail to agree on a new carriage deal.

Wall St ends a tad higher; Dow, Nasdaq at '09 highs

U.S. stocks ended a smidgen higher in very light trading on Wednesday as a stronger-than-expected report on Midwest U.S. business activity was offset by investors taking profits in some of the year's better performers.

Canada resale home price index rises in October

Canadian home resale prices rose for a sixth straight month in October on gains in all six major metropolitan markets surveyed, according to a report on Wednesday.

UBS whistleblower asks why he is going to prison

The key informant in the U.S. tax fraud case against Swiss bank UBS AG says he does not deserve the federal prison term he is due to start serving next month, according to an interview to be broadcast on Sunday.

Dollar, stocks rally on economic optimism

The U.S. dollar firmed across the board on Wednesday and stocks eked out slight gains, adding to this year's big rally, after much better-than-expected business activity in the U.S. Midwest bolstered hopes of recovery.

Daily Forecast - 31/12/2009

The Australian Dollar spent the majority of local trade yesterday above the 89 cent mark before a brief bout of profit taking late Sydney time took the Aussie down towards the low 89's.

Daily Wrap Up - December 30

A U.S. trade panel gave final approval on Wednesday to duties ranging from about 10 to 16 percent on Chinese-made steel pipe in the biggest U.S. trade case to date against China.

Holiday sales data yet to cement a recovery

Holiday season sales improved this year after an abysmal 2008, but early data appears unlikely to spell out a rebound in U.S. consumer spending.

GMAC to get $3.5 bln more in U.S. gov't aid-source

GMAC Financial Services is expected to get about $3.5 billion of additional U.S. government aid to help the troubled lender absorb mortgage losses, a financial industry source familiar with the matter said on Wednesday.

Guilty plea on tax charge in $1.8 bln NYC property sale

A project director who helped broker the 2005 sale of Riverside South Properties, one of New York City's largest real estate transactions, has pleaded guilty to a tax evasion charge but is not expected to face prison time.

Dow, Nasdaq eke out '09 highs in slow day

U.S. stocks inched higher on Wednesday, with the Dow industrials and the Nasdaq managing to squeak out 2009 closing highs, as investors shied away from making bold bets on equities with just one more day left in the year.

Afghan suicide blast kills eight U.S. civilians

Eight American civilians were killed in a suicide attack on a military base in Afghanistan's southeastern Khost province on Wednesday, U.S. officials said.

Book Talk: Ali Shaw makes magic with debut novel

British writer Ali Shaw drew inspiration from fairy tales for his debut novel and to magical effect, with The Girl With Glass Feet published to great acclaim.

U.S. seeks to boost Yemen for expanded al Qaeda fight

The United States is looking at ways to expand military and intelligence cooperation with the government of Yemen to step up a crackdown on al Qaeda militants believed to be behind a failed plot to blow up a U.S. passenger jet, American officials said on Wednesday.

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