Electric bikes start to gain traction
Ever wondered what it would be like to have Lance Armstrong pedal your bike for you? Well now you can find out, sort of.
Skype founders sue eBay over copyright infringement
Skype founders Janus Friis and Niklas Zenstrom filed a copyright infringement suit against current owner eBay and the members of an investment group who recently agreed to acquire a majority stake in Skype.
S&P may cut $578 billion in corporate CDOs
Standard & Poor's may downgrade around $578 billion of collateralized debt obligations backed by corporate debt as a result of changes the rating agency is making to the way it rates the deals, S&P said on Thursday.
New York MTA 5-year plan has $9.9 billion funding gap
New York's troubled public transit system has a $9.9 billion funding gap in its 2010-2014 capital program which it may have to close with debt absent any other source of funds, the state comptroller said on Thursday.
Fed bought $25.45 billion net in agency MBS: report
The Federal Reserve bought $25.45 billion net of agency mortgage-backed securities in the latest week, the New York Fed said on its website on Thursday.
Daily Wrap Up - September 17 Tech
Palm Inc reported a smaller-than-expected loss on strong smartphone sales, sending its shares 6 percent higher on Thursday
Nokia Siemens says makes first LTE call
Telecom equipment maker Nokia Siemens Networks said on Thursday it has made the world's first call using next generation LTE mobile technology.
Rare amnesia has supposed businessman frightened
A man with a rare case of amnesia has been identified by people who know him but he still can't remember who he is.
Wall St edges down after three-day run higher
U.S. stocks slipped on Thursday after a three-day runup on concern recent gains were overextended despite the latest round of solid economic data.
Palm's loss smaller than expected, sales strong
Palm Inc reported a smaller-than-expected loss on strong smartphone sales, sending its shares 6 percent higher on Thursday.
Carrie Ann Inaba trades ballroom for Emmy red carpet
When the Emmy-nominated television stars begin their stroll up the red carpet Sunday at U.S. TV's top honors, one nominee will be on the wrong side of the line between celebrities and onlookers, Carrie Ann Inaba.
San Francisco home sales fall in August
Home sales in the San Francisco Bay area fell 14.3 percent in August from July as buyers found fewer bargains due to a slimmer inventory of foreclosed properties, MDA DataQuick said on Thursday.
U.S. housing starts, permits touch 9 month high
New construction of U.S. homes and permits for future building scaled a nine-month high in August, and the number of people filing new claims for jobless benefits fell last week, suggesting a recovery was underway.
Homebuyer credit used by 1.4 million taxpayers: IRS
U.S. tax authorities on Thursday said that 1.4 million taxpayers have used an $8,000 homebuyer tax credit so far and reminded homebuyers they need to close on a purchase before the December 1 deadline to qualify.
U.S. option mortgages to explode, officials warn
The federal government and states are girding themselves for the next foreclosure crisis in the country's housing downturn: payment option adjustable rate mortgages that are beginning to reset.
Google CEO questions Murdoch's online pay plan
Publishers of general news would find it hard to charge for their content online because too much free content is available, the chief executive of Google Inc said on Thursday.
Sold! Madoff NY beach home fetches over $8.75 million
Bernard Madoff once slept there. Soon, someone else will. The imprisoned swindler's Montauk, New York, home, located on a beach with sweeping views of the Atlantic Ocean, has been sold for more than the $8.75 million asking price, a spokeswoman for broker Corcoran Group said on Thursday.
U.S. household wealth up for first time since 2007
U.S. households' net worth rose by $2 trillion to $53.1 trillion in the second quarter, the first increase since before the recession began in 2007, Federal Reserve data showed on Thursday.
AMR bolsters cash position; shares soar
Shares of American Airlines parent AMR Corp soared as much as 25 percent on Thursday after the company said it had raised $2.9 billion in troubled credit markets and would shift flying to more profitable routes.
Discover earnings beat estimates, stock rises
Discover Financial Services posted stronger-than-expected quarterly earnings on Thursday as bad loans grew less than feared and the sixth-largest U.S. credit card issuer trimmed costs.
BUY OR SELL-Will WWE be hurt by CEO's exit?
The exit of a popular CEO at World Wrestling Entertainment Inc (WWE.N) comes at a time when the sports entertainer has seen shares rise more than 60 percent since last November, helped by a loyal fan base and aggressive cost cutting.
AT&T, Verizon chiefs give mixed economic outlook
Top U.S. telecom executives gave a mixed outlook for the U.S. economy on Thursday, citing a lack of job creation, even as AT&T Inc CEO said the company will add more mobile customers this quarter than last.
GE-AMR deal shows industrial-finance balance-exec
Electric Co's deal to provide the parent of No. 2 U.S. carrier American Airlines with $1.88 billion of financing and also to sell engines for up to 100 new jets is its largest aviation finance deal in about a decade, a GE executive said on Thursday.
Airbus ups long-term new plane demand forecast
European plane-maker Airbus has increased its forecasts for long-term new plane demand but said the current industry crisis is likely to spark a spate of new order cancellations this winter.
Key figure of U.S. chemical demand falls - report
Chemical shipments on U.S. railroads fell 9.1 percent last week, the Association of American Railroads said on Thursday.
Market pauses after runup; financials weak
U.S. stocks were little changed in choppy trading on Thursday as investors paused after an extended period of gains, expressing worries about a pullback.
U.S. replaces Bush plan for Europe missile shield
President Barack Obama on Thursday dumped a Bush-era missile defense plan for Europe that Russia had bitterly opposed and offered what he said would be faster, more flexible defense systems to protect against Iran.
G20 leaders set to curb bonuses, keep stimulus
World leaders are likely to agree to curb bank bonuses at next week's G20 summit and want evidence recession is over before they stop spending to prop up their economies, European heads of government said on Thursday.
Two US FCC members back exclusive cellphone deals
Exclusive deals between mobile phone makers and carriers got support on Thursday from two Republican members of the U.S. Federal Communications Commission, which is probing if the arrangements harm consumers in rural markets.
TV dance show makes peace with U.S. gay community
Popular reality TV show So You Think You Can Dance has made peace with America's gay community by putting a same-sex Latin ballroom couple into a new round of competition and appointing an openly gay judge.