AIG directors want shareholder lawsuit dismissed
NEW YORK - Sixteen one-time American International Group Inc (AIG.N) outside directors asked a federal judge to dismiss a shareholder lawsuit accusing them of ignoring red flags that brought the insurer to the brink of collapse and led to $180 billion of federal bailouts.
PG&E Diablo Canyon 2 reactor slips to 77 pct power
PG&E Corp's (PCG.N) 1,150-megawatt Diablo Canyon 2 nuclear power unit in California was at 77 percent power early Thursday, down from full power on Wednesday, the U.S. Nuclear Regulatory Commission said in its power reactor status report.
Homebuilder Toll's Q3 loss widens
Luxury home builder Toll Brothers Inc reported a wider quarterly loss on Thursday, reflecting charges for writing down land values.
Microsoft cuts high-end Xbox price by 25 percent
Microsoft Corp plans to slash the price of its high-end Xbox 360 video game console by $100, or 25 percent, stepping up the price war in the video game console market following a similar move by rival Sony Corp.
Sharp eyes niche between netbooks, phones
Japan's Sharp Corp said it plans to launch a paperback-sized mini mobile PC that features a quick start-up time, touch-screen display and full keyboard, targeting niche demand between smartphones and netbooks.
Rich could add CO2 cuts to bolster climate pact
Industrialized nations can deepen planned cuts in greenhouse gas emissions to shore up a U.N. climate treaty due in December but analysts say there are risks they will promise more than they deliver.
Economy stabilizing, housing no longer drag: Fed's Lacker
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.
Oil falls towards $71 on brimming U.S. stocks
Oil fell toward $71 on Thursday, after touching 10-month highs earlier this week, as swollen crude and distillate inventories in the United States, the world's largest fuel consumer, weighed on sentiment.
U.S. steadying, housing no longer drags: Fed's Lacker
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.
U.S. farmers warm to community agriculture model
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 to sell bikes in India in 2010
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 cuts price of high-end Xbox model by $100
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.
Fragile air traffic recovery under way: IATA
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 cuts price of high-end Xbox model
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.
US STOCKS-Futures flat ahead of GDP, jobs data
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 hires ex-Citi trader Evans - WSJ
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 must come down? Stocks may defy gravity
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.
Cheap netbooks weigh on Acer Q2 net profit
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 futures edge lower ahead of GDP, jobs data
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.
Air traffic recovery has begun: IATA
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.
EXCLUSIVE: AIG's new CEO reaches out to Greenberg
AIG to Hank: All is forgiven, we need your help!
John Paulson buying Citigroup shares: report
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.
U.S. stars pushing America to dance to Europe's beat
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.
Green Day ends tour with exemplary arena show
When Green Day toured behind its ambitious
U.S. steadying, housing no longer drag: Fed's Lacker
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.
Futures point to Wall Street edging up
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 falls to $71 on U.S. stockbuild; China eyed
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.
Stocks lose shine; yen gains broadly
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 to test TV online: report
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 establishes unit to tie phones, services
Nokia said on Thursday it would establish a new business unit to bring its handset operations and new mobile Internet services closer together.
