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AIG to Hank: All is forgiven, we need your help!

Electronic dance music with heavy bass, unknown vocalists and mixed by club disc jockeys regularly tops pop charts in Europe but in America such music has been an underground genre with little mainstream success.

Richmond Federal Reserve President Jeffrey Lacker was quoted on Thursday as saying the U.S. economy was stabilizing after a painful recession and the shattered housing market will no longer be a drag on economic activity.

Stock index futures pointed to a slightly higher open for U.S. shares on Thursday, ahead of data expected to show that the world's biggest economy shrank at an annualized rate of 1.5 percent in the second quarter.

Oil fell to $71 on Thursday, extending losses by more than $3 after touching a 10-month high this week, as rising crude and diesel stocks eclipsed healthy economic data from the United States and Europe.

The U.S. Air Force has boosted the potential value of Northrop Grumman Corp's contract to support the radar-evading B-2 bombers by more than 50 percent to $9.5 billion.

Apple Inc is getting closer to clearing the hurdles to start selling iPhones in China, the Wall Street Journal reported on Wednesday.

Asian shares mostly eased on Thursday and the yen rose after a flat day on Wall Street following encouraging home sales and durable goods data left investors cautious about chasing shares higher.

Oil fell toward $71 on Thursday, extending losses by more than $3 after touching a 10-month high this week, as rising crude and diesel stocks eclipsed healthy economic data from the United States and Europe.

U.S. stocks closed near break-even on Wednesday despite fresh signs of a modest economic recovery, while rising U.S. crude stockpiles led oil prices to extend sharp losses from the previous session.

U.S. banking regulators partially retreated from a much-criticized proposal to impose new rules on private equity investment in troubled banks, aiming to encourage responsible investment in distressed banks.

Bid to Fight Investor Flight; Apple's Tablet Not in Sight; GE Seeks Security Unit Buyer

Northrop Grumman Corp was awarded a U.S. Air Force contract boost, up to $3.4 billion, to support the radar-evading B-2 bomber, the Defense Department said on Wednesday.

The U.S. National Hurricane Center said Tropical Storm Danny is likely to be formed into the season's second hurricane later in this week.

U.S. airlines are slowly ratcheting up their bag-check fees, like US Airways Group Inc did on Wednesday, but analysts warn that carriers risk alienating customers with excessive fees.

Australian Dollar: Yesterdays stronger than expected Australian economic data provided some level of support for the Aussie dollar at 0.8330 during the local session sending it into early European exchange on its highs pressing against 0.8380. Resistance at these levels proved too strong to overcome and the AUD/USD spent the majority of the offshore session drifting lower. Demand for the Greenback against the majors saw the Aussie move closer to 0.8250 and opens this morning at 0.8275. The loca...

The missing Mercedes belonging to murdered model, Jasmine Fiore, has been located and confirmed by the Buena Park police department that it is definitely her car according to reports from TMZ.

U.S. airlines are slowly ratcheting up their bag-check fees, like US Airways Group Inc did on Wednesday, but analysts warn that carriers risk alienating customers with excessive fees.

Two Sunbelt banks filed for initial public offerings on Wednesday to raise money that would be used in part to pay off money owed to the U.S. Treasury, setting the stage for the first U.S. IPOs by banks in more than two years.

U.S. banking regulators partially retreated from a much-criticized proposal to impose new rules on private equity investment in troubled banks, aiming to encourage investments in distressed bank assets.

NEW YORK - Cash crude differentials firmed on Wednesday on more favorable spreads as traders began the first day of trading for October barrels.