BUSINESS

Another employee of Infosys, India's leading IT player, has filed a lawsuit against the company, alleging harassment for his role in bringing to light the visa and fraud issue.

U.S. stock index futures point to a higher open Thursday ahead of the Labor Department's weekly jobless claims data and the Bureau of Economic Analysis' trade balance report.

Asian stock markets advanced for the fourth straight session Thursday after data showed that Chinese inflation continued to cool down in July, providing more room for further policy easing to boost growth.

Moody's analytics cut India's growth forecast to 5.5 percent for this year, citing the policy inaction from the government and the Reserve Bank of India's decision to keep key rates unchanged, despite an economic slowdown.

European markets rose Thursday as investor confidence was lifted by hopes that China will announce stimulus measures to boost the economic condition and regain the growth momentum.

Crude oil futures advanced during the Asian trading hours Thursday after data showed Chinese inflation continued to cooled for a fourth straight month in July, rising hopes for monetary easing measures to support growth.

India's industrial output growth fell in June to 1.8 percent against the analysts' expectation of a 1 percent growth, as compared to the same period a year ago.

China’s industrial production grew at a reduced pace in July compared to June indicating that the weakening global demand and the debt burden faced by the euro zone are adversely affecting the country's economy.

The top after-market Nasdaq gainers Wednesday were Complete Genomics Inc, Allscripts Healthcare Solutions Inc, Silicon Graphics International Corp, Salix Pharmaceuticals Ltd and Photronics Inc.The top after-market Nasdaq losers were Boingo Wireless Inc, SunPower Corporation, Monster Beverage Corporation, Career Education Corporation and Alaska Communications Systems Group, Inc.

The Bank of Japan Thursday kept its key policy rate unchanged and refrained from announcing any monetary easing measures citing that the country's economy is picking up moderately.

The top after-market NYSE gainers Wednesday were Millennial Media, FleetCor Technologies, NQ Mobile, Dillard's, Orbitz Worldwide and MBIA, Inc. The top after-market NYSE losers were Medicis Pharmaceutical, Teekay Tankers, McEwen Mining, China Nepstar Chain Drugstore and ING Groep NV.

Most of the Asian markets rose Thursday as hopes for monetary easing measures to be announced by China grew following reports that the country's inflation slowed down in July compared to the previous month.

China announced Thursday morning that its inflation cooled for a fourth straight month in July.

It's starting to look like people should stay away from Chicago-based bus service Megabus. The latest in a series of crashes, a Megabus in northeast Georgia burt into flames in a firey crash on Wednesday. No one was injured in the crash.

Rupert Murdoch's News Corp posted a quarterly loss on Wednesday after taking $2.85 billion of non-cash restructuring and impairment charges that overshadowed growth at its cable networks, the company's only major bright spot.

Wade Michael Page shot himself to death Sunday and was not killed by a policeman after his murderous rampage at a Wisconson Sikh temple, authorities said Wednesday.

The International Day of the Female Orgasm -- or Día Internacional del Orgasmo Femenino -- is a Brazilian holiday celebrated every year on Aug. 8.

“Assassin’s Creed 3” won’t be released until the fall, but the game’s box art has revealed that PlayStation 3 owners will be getting a special bonus. Those playing on Sony’s video game console will receive an exclusive downloadable content that will not be available for the PC, Xbox 360 or Wii U.

Almost every major news outlet has said Apple plans to slim down its traditional dock connector -- the outlet for connecting the iPhone to power sources, devices, utilities, and other accessories -- from 30 pins to either 19 pins, or possibly even just nine pins. Whatever the size is, it's getting smaller; one question still left unanswered, on the other hand, is whether or not the new dock connector will be MagSafe.

The New York Times Co. is close to a deal to sell its About.com division for $270 million, a move that would shed another non-core asset.

New Zealand police raided the home of Megaupload founder Kim "Dotcom" Schmitz in January, and now an exclusive video of the search has surfaced.

Pity the City. America is on a witch hunt against London's financial center, ruthlessly exploiting a few rotten banking apples to pursue their own political scheme, or so British MPs would have you believe.

Like many contentious issues, ethanol use has its backers and detractors. With a lower corn supply this year, the issue just got more contentious.

Apple has pulled its much-derided "Genius Bar" television commercials, which had been running during the 2012 London Olympics.

Police found a gun at the home of the 31-year-old ex-girlfriend of Sikh temple shooter Wade Michael Page. She is a nursing school student -- but also a felon, barred from having firearms.

Three days into its mission, the Mars Science Laboratory, known as Curiosity, is continuing to dazzle scientists and specialists with its first data reports from the red plant. Still more technology companies have acknowledged their participation in the NASA project

Rumors of a “Mass Effect 3” single-player DLC have been circulating ever since the “Extended Cut” expansion launched, and BioWare finally made the official announcement in early August. At the Electronic Arts Summer Showcase, the upcoming “Leviathan” DLC was unveiled, which will take place during Commander Shephard’s war on the Reapers.

The murder rate in South Africa – while still high – has actually been plunging over the past 15 years or so.

Fannie Mae (OTC: FNMA), the largest government-controlled mortgage backer, reported its second consecutive quarterly profit for the first time in five years Wednesday, but its CEO said the company should cede business to private investors when the housing market finally recovers.