IBT Staff Reporter

Richmond Federal Reserve President Jeffrey Lacker was quoted on Thursday as saying the U.S. economy was stabilizing after a painful recession and the shattered housing market will no longer be a drag on economic activity.

MILLIS, Mass. - As he finished packing corn, tomatoes and blueberries into shopping bags at a Massachusetts farm, software engineer Alex Lian said his new shopping habits had changed his attitude to food.

Harley-Davidson Inc (HOG.N) plans to start selling its motorcycles next year in India, the world's second-largest market for bikes, the U.S.-based company said on Thursday.

Microsoft Corp is slashing the price of its high-end Xbox 360 model by $100 in the United States and 50 euros ($71) in Europe, upping the stakes in the game console fight this holiday season.

A recovery in air traffic is under way, according to latest data from a global industry body, in another sign the world economy is clawing its way out of recession.

Microsoft Corp is slashing the price of its high-end Xbox 360 model by $100 in the United States and 50 euros ($71) in Europe, upping the stakes in the game console fight this holiday season.

NEW YORK - Stock index futures were little changed on Thursday ahead of data expected to show that the U.S. economy shrank further in the second quarter and the number of jobless claims improved slightly.

Morgan Stanley (MS.N), Looking to fortify its equity trading business in Europe, has hired Richard Evans, a former top trader with Citigroup Inc (C.N), as head of strategy in the region, the Wall Street Journal said on Thursday.

What goes up eventually comes down, even in stock markets. Still, it can take a long time, much to the chagrin of those looking for a buying opportunity.

Acer , the world's No. 3 PC brand, barely matched market expectations for its second-quarter results, hit by fast-eroding profit margins in its low-cost netbook PC stronghold.

Stock index futures edged lower on Thursday ahead of data expected to show that the U.S. economy shrank in the second quarter while the number of jobless claims improved slightly.

Airlines carried 11.3 percent less cargo and 2.9 percent fewer people in July than in the same month a year ago, a global industry body said on Thursday.

AIG to Hank: All is forgiven, we need your help!

Hedge fund manager John Paulson, who bet against financial companies after foreseeing the credit crisis, has been buying Citigroup Inc shares over the past few weeks, the New York Post reported, citing sources.

Electronic dance music with heavy bass, unknown vocalists and mixed by club disc jockeys regularly tops pop charts in Europe but in America such music has been an underground genre with little mainstream success.

When Green Day toured behind its ambitious

Richmond Federal Reserve President Jeffrey Lacker was quoted on Thursday as saying the U.S. economy was stabilizing after a painful recession and the shattered housing market will no longer be a drag on economic activity.

Stock index futures pointed to a slightly higher open for U.S. shares on Thursday, ahead of data expected to show that the world's biggest economy shrank at an annualized rate of 1.5 percent in the second quarter.

Oil fell to $71 on Thursday, extending losses by more than $3 after touching a 10-month high this week, as rising crude and diesel stocks eclipsed healthy economic data from the United States and Europe.

World stocks fell for a second consecutive day on Thursday and the yen extended broad gains, with equity investors avoiding risky assets and preferring to take profits from a rally to 10-month highs this week.

Time Warner Cable Inc has signed up at least seven large media companies for a test that will offer television programs on the Internet to paying subscribers, the Wall Street Journal said on Thursday, citing people familiar with the matter.

Nokia said on Thursday it would establish a new business unit to bring its handset operations and new mobile Internet services closer together.

China Unicom will announce a deal to sell Apple's iPhone in China as soon as Friday, an analyst said, citing an industry source with direct knowledge of the situation.

China Unicom will announce a deal to sell Apple's iPhone in China as soon as Friday, an analyst said, citing an industry source with direct knowledge of the situation.

China Unicom will announce a deal to sell Apple's iPhone in China as soon as Friday, an analyst said, citing an industry source with direct knowledge of the situation.

Anyone holding their breath for Apple Inc's much-anticipated, but never confirmed, touchscreen tablet device may have to wait a bit longer than they planned.

The U.S. Air Force has boosted the potential value of Northrop Grumman Corp's contract to support the radar-evading B-2 bombers by more than 50 percent to $9.5 billion.

Apple Inc is getting closer to clearing the hurdles to start selling iPhones in China, the Wall Street Journal reported on Wednesday.

Asian shares mostly eased on Thursday and the yen rose after a flat day on Wall Street following encouraging home sales and durable goods data left investors cautious about chasing shares higher.