IBT Staff Reporter

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Stock futures point to drop ahead of jobless data

Wall Street equity futures fell on Thursday, indicating the market may resume its downturn after snapping a seven-day losing streak ahead of a report on the labor market that will give clues on economic health.

Key quotes by Japan policymakers on FX action, BOJ easing

Japan intervened in the currency market and the central bank eased monetary policy on Thursday, joining Switzerland in efforts to tame currencies buoyed by safe-haven demand from investors fretting about the health of the global economy.

Multitasking Abilities Landed Me in 'Spy Kids' Role: Jessica Alba

While shooting for "Machete", the director was mighty impressed with her multitasking skills and that inspired him to create Jessica Alba's role in the movie Spy Kids. Jessica Alba plays the step mother of the new faces Rowan Blanchard and Mason Cook in the franchise. The movie kicks into action when the kids discover that Jessica Alba is a former spy and she is called back into action.

Hutchison H1 profit up over 600 percent, lags forecasts

Hutchison Whampoa Ltd <0013.HK>, Hong Kong billionaire Li Ka-shing's flagship ports-to-telecommunications company, posted a 632 percent rise in first-half net profit, helped by hefty one-off gain from the spin-off of its port assets, but lagging market forecasts.

Kraft Foods to split, raises full-year outlook

Kraft Foods Inc said it would split itself into two listed companies, a global snacks business and a North American grocery business, and raised its full-year outlook on better-than-expected quarterly results.

Japan acts to tame yen, follows Swiss move

Japan sold one trillion yen ($12.5 billion) and loosened its monetary reins on Thursday, joining Switzerland in efforts to tame currencies buoyed by safe-haven demand from investors fretting about the deteriorating health of the global economy.

Euro Zone Bonds Steady on Possibility of ECB Action

Euro zone sovereign bond markets steadied on Thursday ahead of a crucial European Central Bank policy-setting meeting that investors hope will signal a more aggressive approach to fighting the currency area's debt crisis.

ECB to halt rate hike cycle, pressured on bond buys

An economic slowdown and debt market turmoil mean the European Central Bank will probably hit 'pause' on its interest rate raising cycle for several months and may even signal on Thursday a readiness to buy bonds again.

Stock futures signal lower open; data eyed

Stock index futures pointed to a slightly weaker open on Wall Street on Thursday after a late recovery in the previous session, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 all down 0.1 percent.

Spain passes tough debt test, but at a cost

Spain paid sharply higher yields to sell 3.3 billion euros ($4.70 billion) of bonds on Thursday after a renewed market attack that has driven its costs of borrowing close to unsustainable levels.

Retail sales seen rising in July

Deep discounts and the warmest July weather in decades should help retail chains report a rise in monthly sales, with many expecting warehouse clubs and high-end chains to lead the way.

North Korean hackers hired to attack South Korea game network

More than 30 North Korean hackers were hired to work in China by a South Korean crime ring to steal the personal data of South Korean gamers, and channeled $5 million to their impoverished country in compensation, South Korea's police said on Thursday.

Euro markets steady ahead of Spain auction, ECB

Euro zone sovereign bond markets steadied Thursday ahead of a crucial European Central Bank policy-setting meeting that investors hope will signal a more aggressive approach to fighting the currency area's debt crisis.

Yen sinks after intervention; stocks near lows

The yen tumbled from near record highs on Monday after Japan intervened to curb the currency's export-damaging strength, while world stocks held above 2011 lows as expectations grew for more policy action in developed countries.

Sex and Shoes, Both Lose to Smartphones

Continuous growth of smartphone market in the U.S. clearly reflects how people are attached to their cellphones, but a report from TeleNav shows how willing Americans are to compromise on other things in their life so that they can cling on to the handset.

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