IBT Staff Reporter

Retail Bumps, Foreclosure Record, Magna's

The seasonally adjusted jobless claimants volume increased by 24,000 persons in the UK in July, somewhat above the 20,000 rise foretasted by market analysts, although the unemployment rate remained steady at 9.4%.

The International Association of Machinists and Aerospace Workers said on Thursday that it had moved to seek a union election at Delta Air Lines Inc to resolve representation for 12,700 employees at the carrier and its Northwest subsidiary.

The U.S. Department of Energy's Information Administration will release its report on natural gas inventories. Analysts expect natural gas inventories gained 66 billion cubic feet last week, a larger than average increase. United Nations working groups are holding climate change talks from 10 to 14 August 2009 in Bonn, Germany.

Pirates probably hijacked a merchant ship which disappeared after sailing through the English Channel last month, its operator said on Wednesday.

After a decade of watching film production slowly abandon Hollywood, lured away by financial incentives first in Canada, then other U.S. states, California hopes to woo the movies back home.

Citigroup Inc energy trader Andrew Hall is proposing to modify his contract in an effort to avoid a confrontation with the Obama administration's pay czar, The Wall Street Journal reported on Thursday, citing sources familiar with the situation.

Oscar winner Denzel Washington might be making a foray into series television.

A luxury publishing company said on Wednesday it is putting together a Michael Jackson photo book that the pop star wanted to create before his sudden death about two months ago.

Actor Michael Douglas said on Wednesday that he and his family were

Walmart Stores Inc posted better-than-expected earnings on cost cuts, and forecast full year earnings that could beat Wall Street estimates, sending its shares up 1.6 percent.

China will make controlling greenhouse gas emissions an important part of its development plans, the government said, as pressure on the world's top emitter grows ahead of global talks on tackling climate change.

Kohl's Corp posted a lower quarterly profit that exceeded Wall Street estimates by a penny, and the department store chain issued a dismal outlook for the rest of the year, citing higher costs.

Australia's parliament rejected a plan for the world's most ambitious emissions trade regime as expected on Thursday, bringing the nation closer to a snap election and prolonging financial uncertainty for major emitters.

The euro hit a one-week high against the dollar on Thursday after the euro zone's two biggest economies posted surprise returns to growth in the second quarter, helping drag the dollar lower.

The global oil and gas sector has seen a flurry of consolidation in recent weeks, as companies look to snap up assets before an economic recovery sends prices higher.

Sales at U.S. retailers unexpectedly fell in July from June, a government report showed on Thursday, casting a shadow over an anticipated rebound in consumer spending in the third quarter.

Magna and its Russian partner Sberbank have reached an agreement with the management of General Motors to acquire a 55 percent stake in GM's European unit Opel, Magna Co-Chief Executive Siegfried Wolf told Reuters on Thursday.

U.S. home loans failed at a record pace in July despite ongoing federal and state programs to avoid foreclosures, which have severely strained housing and the economy.

U.S. stock index futures rose more than 1 percent on Thursday after Wal-Mart Stores Inc reported second-quarter results that topped Wall Street's expectations, boosting investors' confidence in consumer spending ahead of a government report on July retail sales.

Walmart Stores Inc reported roughly flat quarterly profit as the strong U.S. dollar lowered the value of its international sales and it faced tough comparisons with last year, when shoppers spent U.S. government issued stimulus checks in its stores.

Oil rose back above $71 a barrel on Thursday after positive economic news from the United States and Europe's two largest economies, despite data showing U.S. crude inventories rose much more than expected last week.

Walmart Stores Inc reported roughly flat quarterly profit as the strong U.S. dollar lowered the value of its international sales and it faced tough comparisons with last year, when shoppers spent U.S. government issued stimulus checks in its stores.

A U.S. federal court has ordered Microsoft Corp to stop selling some versions of its widely used Word software in the United States in two months, ruling in favor of a small Canadian firm that accused the software giant of violating its patents.

Walmart Stores Inc reported roughly flat quarterly profit as the strong U.S. dollar lowered the value of its international sales and it faced tough comparisons with last year, when shoppers spent U.S. government issued stimulus checks in its stores.

Wal-Mart Stores Inc reported roughly flat quarterly profit as the strong U.S. dollar lowered the value of its international sales and it faced tough comparisons with last year, when shoppers spent U.S. government issued stimulus checks in its stores.

Germany and France achieved a shock return to economic growth in the second quarter of the year, ending their recessions earlier than many policymakers and economists expected, but failed to drag the euro zone with them.

Germany and France enjoyed a shock return to economic growth in the second quarter of the year, data showed on Thursday, ending their recessions earlier than many policymakers and economists had expected.

Shares in UBS on Thursday extended gains as investors expected the settlement of a damaging U.S. tax dispute to allow the bank to focus on becoming profitable again.