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U.S. mortgage rates rise slightly: Freddie Mac

U.S. mortgage rates rose slightly in the latest week but still remained at historically low levels that should spur home loan demand and help the hard-hit U.S. housing market recover.

Gates to tour Lockheed F-35 fighter plant

U.S. Defense Secretary Robert Gates will visit a Lockheed Martin Corp production plant for the F-35 fighter aircraft, the Pentagon's costliest arms purchase program, and an L-3 aircraft facility, highlighting their importance to the U.S. Defense Department, a Pentagon spokesman said on Thursday.

Vale has no iron ore talks with China now, CEO says

Brazilian miner Vale is not not talking with Chinese steelmakers about the iron ore benchmark price for 2009, now and it will go on supplying iron ore to China at a temporary price, which is 60% to 80 % of the 2008 price, company CEO Roger Agnelli said on Wednesday.

VW Portugal shelves some layoffs as sales improve

Volkswagen's (VOWG.DE) Portuguese unit said on Thursday it was cautiously optimistic about a recovery trend in car sales in Europe and cancelled planned temporary layoffs of several days over the next two months.

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CVC fails to pay loan, loses Skylark stake - Nikkei

PHILADELPHIA - CVC Capital Partners failed to repay a loan owed to Chuo Mitsui Capital Co and lost its stake in restaurant chain Skylark Co, The Nikkei reported in its Friday morning edition.

Toyota to pull out of California plant: sources

Toyota Motor Corp has decided to end production at a California plant it has shared with General Motors for 25 years, industry sources said on Thursday.

Kazakhmys first-half earnings beat expectations

Kazakh copper producer Kazakhmys Plc posted better-than-expected first-half earnings on Thursday, helped by cost cutting and the sale of stockpiled inventories to China, lifting its shares more than 4 percent.

Connecticut to scrutizine UBS clients on taxes

Connecticut Attorney General Richard Blumenthal is investigating whether any state residents were among the thousands of U.S. customers of Swiss bank UBS AG who may have evaded income taxes.

PetroChina denies scandal of buying houses with privilege

PetroChina, the nation's largest oil company, has denied a recent scandal that their employees were involved in purchasing over 1,000 apartments with preferential treatment in Beijing, CCTV reports.

Fed urges secrecy on banks in bailout programs

The U.S. Federal Reserve asked a federal judge not to enforce her order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received, saying such disclosure would threaten the companies and the economy.

China Everbright Bank approved for $2 b private placement

China Everbright Bank's 11.5 billion yuan ($1.68 billion) private share placement has been approved by regulatory authorities, furthering the bank's quest for an initial public offering.

U.S. eyes 12 giant bunker buster bombs

WASHINGTON - The U.S. military wants to speed production of 10 to 12 huge bunker buster bombs, the Air Force said on Thursday, amid concerns over suspected underground nuclear sites in Iran and North Korea.

Ford adds shifts at two truck plants

Ford Motor Co said on Thursday it is adding shifts at its truck plants in Michigan and Missouri in response to increased demand for its F-150 pickup trucks and Escape SUVs.

UBS has no plans to buy back toxic assets from SNB

Swiss bank UBS currently has no plans to buy back toxic assets which were transferred to the country's central bank last autumn as part of a government rescue package, a spokeswoman said on Thursday.

Key figure of U.S. chemical demand falls-report

NEW YORK - Chemical shipments on U.S. railroads fell 10.1 percent last week, according to a report from the Association of American Railroads on Thursday.

US retailers could see '09 holiday sales fall-study

SEATTLE - U.S. retailers could see sales in the 2009 holiday season decline from last year's dismal results or show only a slight increase, even in the best scenario, according to a new forecast.

Moody's downgrades Pulte, Centex on cash flow worry

Moody's Investors Service on Thursday lowered its ratings on Pulte Homes, Inc and Centex Corp further into junk territory, citing cash generation challenges the merged companies face through the end of 2010.

TiVo posts smaller-than-expected loss for Q2

SAN FRANCISCO - TiVo Inc (TIVO.O) reported a smaller-than-expected loss on Wednesday, as sales came in slightly better than Wall Street's forecast, and the digital video recorder maker announced new legal action against those it claims are using its technology without permission.

UPDATE 2-Boeing sees 787 flight this year, expects charge

ATLANTA - Boeing Co said on Thursday its 787 Dreamliner would make its first flight by the end of this year, with initial delivery expected in the fourth quarter of 2010, and its shares shot up 8 percent.

US copper futures down early as China worries weigh

NEW YORK - U.S. copper futures dipped into negative territory Thursday morning as a weaker open on Wall Street and lingering concerns about Chinese demand sapped earlier strength and pulled prices back down from the $2.90 a lb level.

BofA now servicing 180,000 TBW accounts

NEW YORK - Bank of America Corp (BAC.N) said it has completed the previously announced transfer of 180,000 Ginnie Mae-backed mortgages from Taylor, Bean and Whitaker Mortgage Corp to the bank's home loan servicing business.

MTN wants speedy conclusion to Bharti deal

South African mobile operator MTN wants to conclude a proposed tie-up with Indian partner Bharti Airtel quickly to end any doubt about the deal, but doesn't rule out interest in part of Kuwaiti firm Zain.

NYSE Euronext to acquire NYFIX in $144 mln deal

NYSE Euronext said on Thursday the trans-Atlantic stock exchange will buy NYFIX Inc for $144 million, to optimize trading efficiency.

AOL picks former Time Warner cable exec as CFO

Time Warner Inc's AOL division named a former Time Warner Cable Inc executive as its chief financial officer ahead of the expected spinoff of the Internet unit later this year.

Boeing sees 787 flight this year, expects charge

Boeing Co said on Thursday its 787 Dreamliner would make its first flight by the end of this year, with initial delivery expected in the fourth quarter of 2010, and its shares shot up 8 percent.

Aer Lingus losses raise prospect of Ryanair deal

Irish airline Aer Lingus toned down its opposition to a deal with arch-rival Ryanair, saying on Thursday a tripling of losses, rapid cash burn and difficulties in raising funds threatened its independence.

UK Coal H1 loss widens; cuts FY deep mine output view

Coal Plc reported a sharply wider first-half loss on increased costs as it was hurt by challenges in both deep and surface mining and cut its deep mine production forecast for the year.

UPDATE 2-Harley sees signs of US recovery, enters Indian mkt

U.S. motorcycle maker Harley-Davidson Inc (HOG.N) is optimistic about a recovery in the U.S. economy but would continue to tread carefully by adopting cost-saving measures, a senior official said on Thursday.

Time Warner Cable to test TV on the Internet: report

Time Warner Cable Inc has signed up at least seven large media companies for a test that will offer television programs on the Internet to paying subscribers, the Wall Street Journal said on Thursday, citing people familiar with the matter.

Lloyds mulls sales to cut UK govt reliance-shareholders

Lloyds Banking Group may sell parts of its business to reduce its reliance on Britain's government-backed asset protection scheme, shareholders familiar with the group's thinking said on Thursday.

Harley sees signs of US recovery, enters Indian mkt

U.S. motorcycle maker Harley-Davidson Inc is optimistic about a recovery in the U.S. economy but would continue to tread carefully by adopting cost-saving measures, a senior official said on Thursday.

EU seen backing Lufthansa's AUA buy on Friday-source

German carrier Lufthansa is expected to receive European Union regulatory approval on Friday for its planned takeover of ailing Austrian Airlines (AUA), a source said on Thursday.

Merkel ally raises doubts over Magna's Opel bid

A senior member of Chancellor Angela Merkel's Christian Democrats (CDU) broke ranks with the government over the future of Opel on Thursday, saying Canadian automotive firm Magna is not necessarily the best bidder for the carmaker.

UPDATE 1-AOL picks former Time Warner cable exec as CFO

NEW YORK - Time Warner Inc's (TWX.N) AOL division named a former Time Warner Cable Inc (TWC.N) executive as its chief financial officer ahead of the expected spinoff of the Internet unit later this year.

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