China hits back at U.S. steel pipe decision

China on Thursday decried a U.S. decision to impose duties of 10 to 16 percent on Chinese-made steel pipe, the biggest U.S. trade case to date against China, and said it had been made a scapegoat of protectionist interests. See full article.

Related: U.S. panel OKs duties on China steel in record case

Japan mulls merging JAL's int'l service into ANA's: report

Several cabinet members of the Japanese government want Japan Airlines Corp to withdraw completely from its international flights business and consolidate it with that of All Nippon Airways Co, the Mainichi Shimbun newspaper reported on Thursday. See full article.

Plot exposes fissure in U.S. intelligence community

Last week's failed plot to bomb a U.S. passenger jet has exposed lingering fissures within the U.S. intelligence community, which had information from interviews and clandestine intercepts but did not put the pieces together, officials said. See full article.

Treasury to dole out $3.8 billion more for GMAC

The Obama administration said on Wednesday it would provide GMAC Financial Services an additional $3.8 billion of government aid, raising the government's stake in the company to 56 percent from 35 percent. See full article.

Northern Trust to cut 2010 entertainment budget: report

Northern Trust Corp, the U.S. financial services company that drew lawmakers' ire in February for throwing a lavish party after receiving bailout funds, will cut its 2010 entertainment budget, the Financial Times reported. See full article.