UNITED STATES

China remains committed to its long-standing goal of diversifying its foreign exchange reserves, a government official said on Thursday, helping to soothe markets unnerved by a report that the country was reviewing its euro-zone bond holdings.

The euro approached a four-year low against the dollar on Thursday on a newspaper report that China was examining its investments in euro zone debt, while bargain-hunting gave some support to Asian stocks.

A Walt Disney Co employee and her boyfriend have been charged with a brazen insider trading scheme in which they said the media conglomerate was in advanced talks to sell its ABC TV network.

Yahoo Inc said it could return to double-digit revenue growth in the next few years, as the Internet pioneer revamps its network of websites to attract users and advertisers in a shifting Internet industry.

A judge has ordered the pretrial merger of at least 40 California state court lawsuits filed against Toyota over cars that have raced out of control, including a case stemming from the fatal crash that sparked the automaker's recall crisis.

Three U.S. lawmakers, concerned that Google Inc may have violated U.S. privacy laws, want to know how much personal data the company has gathered through its project to photograph streets across the country and how it plans to use that information.

Lehman Brothers Holdings Inc on Wednesday sued JPMorgan Chase & Co , accusing the second-largest U.S. bank of illegally siphoning billions of dollars of desperately-needed assets in the days leading up to its record bankruptcy.

The Australian dollar appears to be building a base in the low USD0.8000s as international financial markets remain volatile.

Warren Buffett, the chief executive of Berkshire Hathaway Inc, will testify next week before the U.S. panel examining the causes of the deep financial crisis.

A Walt Disney Co employee and her boyfriend have been charged with an insider trading scheme in which they said Disney was in advanced talks to sell its ABC network -- a claim that Disney said was false.

Yahoo Inc Chief Executive Carol Bartz said the company would keep modernizing its online properties through the summer of 2011 as it strives to increase the time people spend on its sites.

The U.S. Justice Department is making preliminary inquiries into whether Apple Inc unfairly dominates the digital music market, according to three people whose companies have been contacted by regulators.

Facebook is beefing up privacy protections on the world's most popular online social network, addressing mounting pressure to better secure personal data exchanged among its nearly 500 million members.

Small investors angry with Wall Street about their battered portfolios see little relief coming from the U.S. Congress as it attempts the most sweeping overhaul of financial regulation since the 1930s.

Warren Buffett has a great saying, that when the tide goes out, we get to see who's been swimming naked, said Adam Butler, a director of wealth management and associate portfolio manager at Richardson GMP.

The Australian Dollar opens lower today at 0.8210 after another turbulent session. A positive lead from local equities helped to support the currency above US82 cents on Wednesday.

American International Group is on its way to repaying government bailout money, its chief executive said on Wednesday, but a Treasury official warned taxpayers could still face losses.

The end is not near for the distressed debt cycle, as many middle-market U.S. companies will still have to be restructured because of debt taken on during the credit boom, fund manager PIMCO said on Wednesday.

Sales of new U.S. homes scaled their highest level in nearly two years in April, while orders for long-lasting manufactured goods surged, giving the economy a firmer foundation to resist possible contagion from Europe's debt crisis.

A Walt Disney Co employee and her boyfriend have been charged with trying to sell insider information to over 30 hedge funds, including a tip Disney was in advanced talks to sell its struggling ABC television network -- which Disney said was false.

Gold has exploded recently, making new highs against every major currency in the world.