IBT Staff Reporter

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Stock index futures signal pause after selloff

U.S. stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500 down 0.03 percent, Dow Jones futures up 0.03 percent and Nasdaq 100 futures up 0.06 percent at 4:40 a.m. EST.

Social Networks More Prone to Cyber Attacks: Report

Sophos reported that cyber attacks on social networking sites nearly doubled in 2010, a clear sign that the threat continues to grow at an alarming rate. A study by the IT security and control firm reveals dramatic increase in malware, phishing and spam through social networks, most prominently Facebook.

Green group accuses Apple of lax supplier oversight

iPhone maker Apple was criticized by Chinese green groups for lax corporate oversight of its suppliers in China, leading to poor environmental and work safety standards that poisoned dozens of factory workers.

Sony Ericsson quarterly results lag

Mobile phone maker Sony Ericsson on Thursday posted lower-than-expected profit and sales during its key year-end quarter and said it expects only modest growth in the handset market this year.

At least 207 missing in Brazil floods, 741 dead

At least 207 people are still missing after Brazil's worst landslides in decades, authorities said on Wednesday, as the death toll from the disaster in a scenic mountain region reached 741.

After summit pomp, China's Hu to face US lawmakers

President Hu Jintao on Thursday will try to persuade often hostile U.S. lawmakers that China is a threat-free engine of growth, after a White House summit sought to narrow rifts between the world's top two economies.

U.S. stock index futures signal pause after selloff

U.S. stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500 down 0.03 percent, Dow Jones futures up 0.03 percent and Nasdaq 100 futures up 0.06 percent at 4:40 a.m. EST.

Apple criticized for lax green standards in China

Chinese green groups on Thursday accused iPhone maker Apple of failing to properly oversee its Chinese suppliers, leading to poor environmental and safety standards, and dozens of poisoned factory workers.

Biocon Q3 net rises 25 pct, shares gain

India's top listed biotechnology firm Biocon said quarterly profit rose by a fourth, aided by strong sales of its biopharmaceutical drugs and profit in research services, lifting its shares over 3 percent.

SKS Microfinance up 13 pct following RBI guidelines

SKS Microfinance shares rose 13 percent on Thursday, a day after a panel appointed by the Reserve Bank submitted guidelines for the microfinance sector, providing clarity for the country's embattled industry.

Food inflation eases, but RBI action seen

Food inflation eased for the second straight week in January, tracking lower fruit and vegetable prices, but accelerating headline inflation in December is likely to put pressure on the Reserve Bank to raise rates at policy review on Jan. 25

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