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US STOCKS-Futures edge higher, economic data eyed

U.S. stock index futures were pointing to a slightly higher open on Wall Street on Thursday, as investors awaited data that could shed more light on the health of the economy.

Paris loses out: Hilton fortune pledged to charity

U.S. hotel heiress Paris Hilton's potential inheritance dramatically diminished after her grandfather Barron Hilton announced plans on Wednesday to donate 97 percent of his $2.3 billion (1.16 billion pounds) fortune to charity.That wealth includes $1.2 billion Barron Hilton stands to earn from both the recent sale of Hilton Hotels Corp. -- started by his father Conrad in 1919 when he bou...

Oil hits one-month high over $96 a barrel

Oil rose to a one-month high above $96 a barrel on Wednesday ahead of a U.S. government report expected to show crude inventories in the world's top consumer fell for a sixth straight week.

Berkshire Hathaway to buy $4.5 billion Marmon stake

Berkshire Hathaway Inc, the conglomerate headed by billionaire investor Warren Buffett, said on Tuesday it planned to buy 60 percent of manufacturing and services group Marmon Holdings Inc. for $4.5 billion.

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Lebanon delays presidential vote

A Lebanese presidential election scheduled for Saturday has been postponed until December 29, the parliament speaker said on Friday, the tenth delay to the vote.

Microsoft's Piracy Fight Gains Momentum in China

The software company co-founded by Microsoft Chairman Bill Gates nearly two years ago is seeing the benefits of more stringent intellectual property policies in China, with a decline in piracy rates and improved results at its mainstay Windows division.

Stores desperately seeking shoppers on Super Saturday

U.S. shoppers, come out, come out, wherever you are. Super Saturday, the last Saturday before Christmas, is often the biggest shopping day of the holiday season, according to the National Retail Federation.

As Tribune Deal Closes, Zell Takes Charge as Chairman, CEO

Tribune Company said Thursday that it has completed its deal to go private with real estate magnage Samuel Zell taking over as chairman of the board and chief executive officer.

Microsoft Strikes Deal with Open Source Firm

Microsoft has signed a deal to share detailed information about its Windows software with a free software group, marking one of the first concrete results of the European Commission's anti-trust sanctions meted against the software giant.

Google and DoubleClick Get the Green Light

Google cleared a major regulatory hurdle on Thursday after the Federal Trade Commission, the US antitrust regulator, approved the Internet search giantâ€™s bid to buy online advertising company, DoubleClick Inc.

Gold Declines on Strengthened Dollar

Gold prices fell on Thursday for the second straight day on a rising dollar, causing investors to lose interest in the precious metal, yet reinforcing confidence in steady U.S. economic growth.

Oil Stocks Rise as Crude Prices Approach $92

Oil and gas stocks fell on Thursday as crude oil prices moved closer $92 a barrel.

Europe Stocks Bounce Back

European stocks closed higher on Thursday, recovering from a three-session losing streak due on strong Oracle results that pushed technology shares higher as energy stocks rose along with oil prices.

Yen Rises on Subprime Troubles

The yen rose on Thursday after a sign that the U.S. economy is still facing more trouble from the subprime mortgage market mess as financial firms continued to report high exposure and losses.

Big Powers Competing More for Oil

Nations are making deals with top exporters to to get enough oil and develop new projects to boost economic growth.

Bear Stearns Posts Huge Loss, Cuts Bonuses

Bear Stearns Cos Inc posted a much bigger-than-expected quarterly loss on Thursday, capping a fiscal year when the fifth-largest U.S. investment bank took a beating on bad bets on risky subprime mortgages. It was the first loss in the company's history, and the bank decided top executives would not receive bonuses.

More TV viewers turn to Web: poll

More television viewers are turning to the Internet to watch videos, films and TV episodes, according to a new survey.

Nike post 10pc rise 2Q profit, shares rise

Nike Inc, reported Wednesday that its second quarter net income grew 10 percent, gained on international sales growth and athletic footwear.

Oil jumps as US stockpiles fall

Oil prices rallied on Wednesday as a slump in U.S. crude oil stockpiles to their lowest level in nearly three years rekindled worries of a winter supply crunch.

Three British residents from Guantanamo land in UK

Three British residents held at the Guantanamo Bay prison camp for suspected terrorists arrived in Britain on Wednesday after more than four years in captivity and two were promptly arrested, police said.

Oracle profit, sales beat Wall Street expectations

Oracle Corp posted a 35 percent rise in quarterly profit on strong new software sales, beating expectations at a time when investors are wary that growth in technology spending may be slowing.

Online giants pay fines for illegal gambling ads

Microsoft Corporation, Google Inc., and Yahoo! pay fines amounted $31.5 million with the U.S to resolve claims on their past promotion of illegal gambling, United States attorney said Wednesday.

Stock market decline as credit concerns woes

U.S stocks on Wednesday dropped after Standard & Poor cut its outlook on two companies that insure more than $1 trillion of debt.

FX Summary - Dec 19

he dollarâ€™s year end recovery extended into Wednesday trading, pushing the British pound beneath the psychologically key 2-level for the first time since mid-September. With no economic reports released from the US today, traders

Citigroup's Stock Swap Approved by Nikko Cordial Shareholders

Nikko Cordial Corp., a major Japanese brokerage firm and the holding company for Nikko Cordial Securities and other subsidiaries, announced on Wednesday that it has obtained shareholder approval to become a wholly owned subsidiary of Citigroup Inc., a major U.S. bank through an equity swap under a triangular merger.

Torrent Spy Destroys Evidence, Loses Copyright Case

The online file sharing service TorrentSpy.com will be held accountable for extensive movie piracy as a federal judge ruled that the website's destruction of evidence made a fair trial impossible.

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