IBT Staff Reporter

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Businesses, lawmakers urge CFTC to tap the brakes

The U.S. futures regulator must swallow its pride and ask Congress for a delay in implementing derivatives regulations, some lawmakers and businesses said on Thursday as they criticized the agency for moving too fast.

Berkshire's Sokol defends self, lawyers get calls

Former Berkshire Hathaway executive David Sokol on Thursday said he has invested in companies he then recommended for acquisition in the past, a day after Berkshire disclosed Sokol pushed Lubrizol Corp to Warren Buffett after investing in it.

Fed, forced by court, releases lending details

The Federal Reserve on Thursday released the names of banks that borrowed from its main emergency lending facility during the financial crisis after having run out of legal appeals to block publication.

Wall Street flat as Friday payrolls data eyed

U.S. stocks edged higher on Thursday as a modest reading on jobless claims failed to topple upbeat expectations about Friday's U.S. payrolls report for March as the quarter quietly draws to a close.

Spurs face defensive crisis ahead of Real Madrid clash

Spurs manager Harry Redknapp faces an injury crisis for the crunch Champions League quarter-final tie against Real Madrid, and could be left with only two fit central defenders against one of the strongest attacks in world football.

AIG reorganizes its biggest unit

American International Group reorganized Chartis, its largest unit, and named Peter Hancock as head of the property and casualty division.

ECB curveball overshadows Ireland's grand plan

The European Central Bank will not unveil medium-term funding support for Irish banks on Thursday, sources told Reuters, spoiling Ireland's grand plan for nailing its banking crisis before it is even unveiled.

Ford tops in auto customer loyalty: Polk

Ford Motor Co was the top automaker in 2010 as measured by U.S. customer loyalty, overtaking General Motors Co , the 2009 leader, market consultancy Polk said on Thursday.

Wall Street flat toward quarter end

U.S. stocks were little changed on Thursday as a middling reading on jobless claims failed to dent expectations about Friday's U.S. payrolls report for March as the quarter quietly draws to a close.

Oil rises, set for big Q1 gains on supply worries

Oil prices rose on Thursday on the last day of the quarter, with Brent heading for its second biggest quarterly rise as Middle East protests and unrest and Libya's conflict kept threats to supply in focus.

Japan fund repatriation to top views: PIMCO

Japan will repatriate more funds than markets expect to finance its reconstruction efforts following its devastating earthquake and tsunami, the co-chief investment officer of top bond fund PIMCO said on Thursday.

Ohio Passes Stricter Union Curbs Than Wisconsin

In a state with twice as many people as Wisconsin, Ohio Gov. John Kasich was set to sign into law a bill that makes stricter curbs on government unions than the more highly visible Wisconsin law now facing legal challenges.

Japan to repatriate more funds than expected: PIMCO

Japan will repatriate more funds than markets expect to finance its reconstruction efforts following its devastating earthquake and tsunami, the co-chief investment officer of top bond fund PIMCO said on Thursday.

Samsung Keylogger Scare A False Alarm

Reports of keylogging software installed on Samsung-built laptops are wrong, the company says, but a case where anti-virus software picked up a harmless foreign language folder.

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