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A123 to sell Fisker batteries, takes stake

Lithium-ion battery supplier A123 Systems said on Thursday that it had signed a deal to supply power packs for the Fisker Karma, a rechargeable luxury car being launched later this year.

FDIC's Bair: Regulators failed in financial crisis

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Financial regulators, lulled into inaction by soaring bank and Wall Street profits, failed to protect Americans from the 2008 financial crisis, a senior U.S. official told an investigative panel on Thursday.

Democrats see progress in White House healthcare talks

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In their first face-to-face talks on merging health bills in the Senate and House of Representatives, Democratic leaders worked through differences on how to pay for the overhaul, how to structure new insurance exchanges and a host of other issues.
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LaBranche to sell NYSE specialist unit to Barclays

LaBranche & Co Inc said on Wednesday it agreed to sell its New York Stock Exchange specialist business to Barclays Plc for $25 million in cash, reflecting the difficulties standalone market makers face in a shrinking industry.
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Retail sales unexpectedly fall in December

Sales at U.S. retailers unexpectedly fell in December as consumer spent less on vehicles and an array of other goods during the holiday shopping month, data showed on Thursday, raising concerns about the durability of the economy's recovery.
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Stock futures up as investors await Intel results

Stock index futures edged higher on Thursday as investors awaited results from technology bellwether Intel Corp and a report on December U.S. retail sales, a day after the Dow index rose to a fresh 15-month high.
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Stock futures slip as investors await Intel results

Stock index futures edged higher on Thursday as investors awaited results from technology bellwether Intel Corp and a report on December U.S. retail sales, a day after the Dow index rose to a fresh 15-month high.
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CFTC's trading proposals might not be too tough

The top U.S. futures regulator will unveil long-awaited proposals on Thursday aimed at barring manipulators from high-flying energy markets, but the agency is expected to tread lightly with its new regulations, at least initially.
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Sovereign defaults head 2010 risk hitlist for WEF

The risk that deteriorating government finances could push economies into full-fledged debt crises tops a list of threats facing the world in 2010, according to a report by the World Economic Forum.
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Top regulators to face U.S. financial crisis panel

Senior U.S. regulators, including outspoken Federal Deposit Insurance Corp Chairman Sheila Bair, will tell their side of the story on Thursday to a commission examining the origins of the 2008 financial crisis.
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TSMC to recruit over 3,000, mostly engineers

TSMC, the world's biggest contract chipmaker, said it will recruit more than 3,000 employees, or about 13 percent of its total workforce, in 2010 as it expands capacity to meet future demand.
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Stock futures mixed ahead of Intel earnings

U.S. stock index futures pointed to a mixed open on Wall Street on Thursday, with futures for the S&P 500 up 0.11 percent, Dow Jones futures unchanged and Nasdaq 100 futures down 0.11 percent at 4 a.m. EST.
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Asian shares rebound, rate view lifts Aussie

Asian shares rebounded on Thursday as fears receded that China's policy tightening would slow its demand, while strong Australian jobs data raised the chances of a February interest rate hike and boosted the Aussie dollar.
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China backs censorship after Google threat

China told companies to back state control of the Internet on Thursday, showing no sign of giving ground on censorship after U.S. Internet giant Google threatened to quit the country.
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Asian shares bounce, rate view lifts Aussie

Share markets in Asia rebounded on Thursday as worries that China's policy tightening would slow its demand receded, while strong Australian jobs data raised the chances of a February interest rate hike and boosted the Aussie dollar.
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Oil remains below $80 in Asian trade

World oil prices remained below $80 a barrel in Asian trade Thursday after reports of increase in US stockpiles. Light sweet crude for February delivery was seen trading at $79.80 a barrel at 11.15 a.m Singapore time while Brent crude was at $78.49 a barrel at the same time.
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Gold edges higher in Asia as dollar dips

Gold prices advanced for the second successive day in Asian trade Thursday as the dollar remained under pressure. Gold for immediate delivery was seen trading at $1143.45 an ounce at 11.15 a.m Singapore time while U.S. gold futures for February delivery were up 0.6 percent at $1,143.30 per ounce at the same time.
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Gold price heading toward $1,650: Jim Sinclar

The gold price boom in the last one year has turned several commodities analysts into bullion experts. But when it comes to consistent forecast of gold price, everyone loves to listen to what Jim Sinclair utters. A seasoned gold bull, Sinclair has been arguing all these years that gold is real money and thus gold price is headed for a boom.
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Lawmaker wants Geithner's AIG records, testimony

The chairman of a U.S. congressional panel said he wants to see all of Treasury Secretary Timothy Geithner's communications about the Federal Reserve's payouts to counterparties of insurer AIG Inc at 100 cents on the dollar after a government bailout.
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Nikkei gains as techs, exporters up; Mizuho jumps

TOKYO (Reuters) - Japan's Nikkei average gained 1 percent on Thursday, with tech shares up after their U.S. rivals gained and exporters also higher as worries about the negative impact of China's monetary tightening on its economy faded.
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Fed officials say need firm recovery before hike

Two top Federal Reserve policy-makers said on Wednesday that the U.S. central bank will need to be certain the economic recovery is firmly in place before tightening its monetary policy stance.

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