Republicans cool to U.S. do not track Web plan
Republicans, who will control the House of Representatives in January, greeted the idea of Internet do not track legislation coolly on Thursday, expressing concern that hindering advertiser access to consumers web browsing habits would slow innovation.
AIG mulling new debt offer: chairman
American International Group is considering another debt offering after the success of its $2 billion sale earlier this week, its Chairman Steve Miller said on Thursday.
Qantas alleges Rolls-Royce breaches over engines: court document
Qantas Airways has alleged engine maker Rolls-Royce was in breach of duty when it supplied engines for its Airbus A380 aircraft because of a design defect, the airline said in document filed in an Australian court.
Lead thieves use Google Earth to target churches
Thieves in Britain are using Google Earth to target lead roofs on Church of England buildings to sell on the lucrative metals market, a Church spokesman said.
Russia and Qatar to host football World Cups
Russia and Qatar won the rights to host the FIFA World Cup finals for 2018 and 2022 respectively after FIFA's 22-member panel voted through a secret ballot at Zurich, Switzerland on Thursday.
Traders warn U.S. CFTC about vague bans on practices
The U.S. futures regulator asked traders on Thursday how best to define trading practices now banned in a new Wall Street reform law, but got little clarity from the experts, who fear an overly restrictive crackdown.
New lands for World Cup as Russia, Qatar to host in 2018, 2022
The FIFA World Cup, the biggest tournament in soccer, will be headed to new regions as Russia won the 2018 bid on Thursday over rivals which included England and tiny emirate Qatar beat a group including the United States for the 2022 tournament.
House extends middle-class tax cuts
While negotiators for both political parties worked behind the scenes to hammer out a deal on extending the Bush-era tax cuts and, possibly, unemployment insurance, House Democrats pushed through a measure that would extend the tax cuts for individuals making less than $200,000 and married couples making less than $250,000.
Senator Baucus says will oppose deficit panel plan
Senate Finance Committee Chairman Max Baucus said on Thursday he will oppose a deficit reduction plan drafted by the co-chairmen of a presidential fiscal commission, becoming the third member of the panel to line up against it.
Deficit-cutting plan stumbles in uphill climb
A bold plan to slash the U.S. budget deficit appeared on Thursday to be falling short of the support needed from members of a presidential commission to trigger congressional action.
Pentagon official sees mounting budget pressures
The U.S. defense budget will likely decline somewhat in coming years, although it is not clear exactly when or by how much, a top Pentagon official told an investor conference on Thursday.
Amazon, eBay, Google going local
Amazon.com and eBay Inc are investing in local Internet services, jumping aboard the increasingly popular and lucrative business of catering to local shoppers and stores.
DirecTV offers basic packages to boost growth
DirecTV Group plans to expand its customer base by offering cheaper TV packages with fewer channels and exploring new ways of bundling Internet access with its satellite TV service, the company's top executive said on Thursday.
QE2 will be regularly reviewed: Fed officials
The Federal Reserve's controversial $600 billion bond buying program is subject to regular review and can be adjusted if needed, two Fed officials said on Thursday.
Lawmakers meet Fed's Hoenig, discuss mandate
Republican lawmakers on Thursday met with a senior Federal Reserve official who opposes the central bank's easy money policies to discuss stripping the Fed of its task of ensuring full employment.
Republicans cool to do not track Web plan
Republicans, who will control the House of Representatives in January, greeted the idea of Internet do not track legislation coolly on Thursday, expressing concern that hindering advertiser access to consumers web browsing habits would slow innovation.
Future of TV? Snapping, swiping and surfing
Fall back on your sofa in five years, snap your fingers to turn on a TV that's thin as paper and stretches across a wall, then ask it to switch to your favorite sports channel so you can watch the day's baseball game in 3-D -- no glasses required.
Fed balance sheet grows a tad on bond buying
The Federal Reserve's balance sheet grew for a fifth consecutive week and closed in on its record size, with the rise stemming from its ongoing purchases of Treasuries, Fed data released on Thursday showed.
Madoff trustee sues JPMorgan for $6.4 billion
The trustee seeking money for defrauded former clients of Bernard Madoff said he filed a $6.4 billion lawsuit accusing JPMorgan Chase & Co of aiding the imprisoned Ponzi schemer's fraud as his main banker.
House takes symbolic vote on taxes as talks go on
The House of Representatives, in the waning days of Democratic control, passed an extension on Thursday of Bush-era tax cuts for the lower and middle classes in a symbolic vote that would let tax cuts for the wealthiest expire.
Wall Street rallies as euro concerns ease, data eyed
Wall Street rallied for a second day on Thursday as concerns about Europe's sovereign debt crisis waned, forcing investors to reverse bearish bets on the market.
Clifford Chance denies discrimination charges
Global law firm Clifford Chance has denied the charges of discrimination slapped against it in a lawsuit filed by a former associate in connection with 2007 layoffs.
Alien Life Found In California
Scientists found a form of bacteria that can use arsenic in its DNA, and uses the arsenic to metabolize and grow.
Premature to allow openly gay U.S. soldiers, McCain says
The top Republican lawmaker on a key U.S. military oversight committee, while leaving open the possibility of eventually dropping his opposition to the repeal of the military's ban on openly gay and lesbian soldiers, said doing so at this time would be premature.
Bernanke to appear on CBS 60 Minutes on Sunday
U.S. Federal Reserve Chairman Ben Bernanke will appear on the news program 60 minutes on Sunday, part of an effort by the central bank to step up its public communications.
Google unveils satellite platform to aid forest efforts
Google Inc unveiled technology on Thursday it says will help build trust between rich and poor countries on projects designed to protect the world's tropical forests.
Technology for art's sake
The FBI is debuting a free online tool that helps people help the government recover stolen works of art.
QE2 will be regularly reviewed: Fed officials:
The Federal Reserve's controversial $600 billion bond buying program is subject to regular review and can be adjusted if needed, two Fed officials said on Thursday.
Allen & Overy Rome office partner to join Italian rival
Global law firm Allen & Overy's leading project finance lawyer Catia Tomasetti is set to leave the firm and join Italian law firm Bonelli Erede Pappalardo early next year.
Data shows fresh signs of improving economy
Fresh signs the U.S. economy has broken out of its summer soft patch emerged on Thursday as data showed a gauge of jobless benefits hit a new two-year low last week and pending home sales unexpectedly rose in October.