IBT Staff Reporter

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Uighur leader says 10,000 went missing in one night

Nearly 10,000 Uighurs involved in deadly riots in China's northwestern Xinjiang region went missing in one night, exiled Uighur activist Rebiya Kadeer said Wednesday, calling for an international investigation.

Gates, in Iraq, seeks to ease Kurd-Arab tensions

U.S. Defense Secretary Robert Gates on Wednesday urged Iraq's ethnic Kurds and majority Arabs to resolve their entrenched dispute over oil and land before a scheduled American troop withdrawal by 2012.

Sprint loss widens, shares fall 6 percent

Sprint Nextel Corp , the No. 3 U.S. mobile service, posted a wider quarterly loss as it continued to lose valuable postpaid monthly bill-paying customers, sending its shares down more than 6 percent.

Wall St lower as data and China fuel caution

Stocks opened lower on Wednesday as a larger-than-expected 2.5 percent drop in June new orders for long-lasting U.S. manufactured goods revived worries that the economic recovery might be weak.

Sprint loss widens but customer losses narrow

Sprint Nextel Corp posted a wider quarterly loss on Wednesday but fewer customers defected from the No 3 U.S. mobile service, which started selling Palm Inc's popular Pre phone during the quarter.

Wall St set to drop as data, China fuel caution

Stocks headed for a lower open on Wednesday as a larger-than-expected 2.5 percent drop in June new orders for long-lasting U.S. manufactured goods revived worries that the economic recovery might be weak.

Daimler sees earnings improvement after loss

Daimler expects a gradual improvement in the group's operating profitability in the course of this year, it said on Wednesday, after it beat expectations for an even worse second-quarter operating loss.

China says rich nation CO2 cuts key to Copenhagen

Rich nations must agree to large, measurable cuts in their greenhouse gas emissions, if the world is to set a framework to tackle global warming at U.N.-led talks in December, a senior Chinese official said on Wednesday.

Daily Outlook - July 29 - Energy

The Commodity Futures Trading Commission will hold the second of three days of hearings to Discuss Energy Position Limits and Hedge Exemptions. The U.S. Energy Department will release its weekly petroleum supply report at 10:30 a.m. EST.

Madoff: Can't believe fraud lasted so long

Bernard Madoff, the financier convicted for Wall Street's biggest investment fraud, was surprised his $65 billion Ponzi scheme was not uncovered sooner, he said in his first interview since entering prison.

Japan carmakers stay in black, PSA, Daimler turn red

Japanese car manufacturers unexpectedly posted profits on Wednesday and Mercedes-maker Daimler forecast improving performance this year but clear sings of sustained recovery for the world's battered auto sector remained elusive.

Futures slip on caution and commodities; data eyed

Stock index futures fell on Wednesday as a drop in commodity prices looked set to weigh on shares of natural resource companies and investors digested the impact of an overnight sell-off in Chinese stocks.

Microsoft and Yahoo agree on ad partnership: source

Microsoft Corp and Yahoo Inc have agreed to an online search and advertising partnership, in an attempt to rival Google Inc, that will be announced within 24 hours, a source familiar with the situation said on Tuesday.

Futures off as investors pause, commodities drag

Stock index futures slipped on Wednesday as investors paused to gauge if the recent market run-up will be sustained, while a drop in commodity prices looked set to weigh on shares of natural resource companies.

Microsoft, Yahoo agree on ad partnership-source

Microsoft Corp and Yahoo Inc have agreed to an online search and advertising partnership, in an attempt to rival Google Inc, that will be announced within 24 hours, a source familiar with the situation said on Tuesday.

Stock futures signal losses; eyes on Yahoo

U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, as the market braced for more corporate earnings and after a late afternoon sell-off in Chinese stocks rattled investors.

Madoff thought authorities had caught him

Convicted and admitted fraudster Bernard Madoff believed federal authorities had figured out his scam on several occasions, according a lawyer who met with him on Tuesday.

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