WTO to issue landmark aircraft industry ruling
World Trade Organization judges will rule on Friday for the first time on whether the European Union handed out illegal subsidies to Airbus in a verdict that could affect planemakers worldwide. Read Full Article here.
Low-price reigns in mixed retail sales reports
Lower-priced U.S. retailers posted better-than-expected sales results in August as consumers looked to save money in the key back-to-school season, leaving luxury chains struggling. Read Full Article here.
EU probes Oracle bid for Sun
European Union antitrust regulators launched an in-depth probe on Thursday into Oracle's $7 billion takeover of Sun Microsystems on concerns the deal could dent competition in the database market. Read Full Article here.
AIG board members concerned about CEO's comments: report
Some members of insurer AIG's board are concerned about recent strong comments from their new chief executive Robert Benmosche, the Wall Street Journal said on Wednesday citing people familiar with the matter. Read Full Article here.
SEC, CFTC told to align rules to police markets
The two main U.S. regulators policing the securities and futures markets were urged on Thursday to align their rules for ferreting out fraud, protecting investors and punishing wrongdoers. Read Full Article here.
Gold hits 6-month high, eyes U.S. payrolls data
Gold prices rallied on Thursday to their highest level since February on strong investment demand amid caution ahead of key U.S. non-farm payrolls data on Friday. Read Full Article here.
Sen Schumer calls for making SEC self-funded
The U.S. Securities and Exchange Commission, criticized this week for failing to detect the Bernard Madoff's $65 billion Ponzi scam, needs more money and a new way of getting it, said a key lawmaker on Thursday. Read Full Article here.
Embracing social media, photo sites stay in the game
Someday the Kodak moment may be called the Facebook or Twitpic moment, but old-school photo management services are fighting to stay in the picture. Read Full Article here.