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Futures flat as G20, data on housing and jobs eyed

U.S. stock index futures were flat on Thursday as investors awaited data on home sales and jobless claims for an indication of the state of the economy following a sharp sell-off in the last session.

China open to G20 talks on new economic balance

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A U.S. drive to build a more balanced global economy gained the qualified support of China on Wednesday in a sign that Group of 20 leaders may be ready to take joint action to prevent future economic crises.

Oil extends decline toward $68 on demand concerns

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Oil prices extended losses and fell closer toward $68 a barrel on Thursday, as data showing an unexpectedly high build up in U.S. oil and products stockpiles reminded traders that oil prices may have run ahead of the demand fundamentals.
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Jay-Z, Whitney Houston lead pop album charts

Jay-Z led the U.S. pop chart for a second week on Wednesday, while Whitney Houston's recent chart-topper rebounded one place to No. 2 after receiving a big sales boost from her Oprah Winfrey Show appearance.
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Best Buy to sell iRex e-reader this month

U.S. electronics retailer Best Buy Co plans to sell an iRex Technologies e-reader that links to the Barnes & Noble digital bookstore, the companies said on Wednesday.
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Obama: U.S., Russia agree Iran may face new sanctions

U.S. President Barack Obama said he and Russian President Dmitry Medvedev agreed on Wednesday that serious additional sanctions must be considered if Iran does not respond to proposals to end a nuclear standoff.
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Swiss to exit bank secrecy list, OECD says on G20 eve

The OECD signaled on Wednesday that Switzerland would soon be taken off a list of financial centers judged to fall short of international standards of cooperation in tax evasion inquiries due to bank secrecy rules.
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ReneSola to buy Dynamic Green Energy, shares up

Chinese solar wafer manufacturer ReneSola said on Wednesday that it will buy Dynamic Green Energy Ltd for about $88.5 million, mostly in stock, expanding the parts company into the market for solar panels, the final product sold to produce energy.
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Mistras sets terms for $130.5 mln IPO

Julius Baer's U.S. asset management arm Artio Global Investors Inc is set to price its U.S. initial public offering after Wall Street closes on Wednesday in what is likely to be a test of investors' appetite for new financial issues.
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China backs G20 coordination

China offered some support on Wednesday to U.S. plans to build a more balanced global economy, as world leaders seek to agree ways to nurture a tentative recovery and prevent future crises.
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China's Hu tells Obama to curb trade safeguards

Chinese President Hu Jintao urged U.S. President Barack Obama not to slap duties on more Chinese goods after a dispute over tires but stressed hopes for steady economic ties ahead of a Group of 20 leaders' summit.
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ObamaVision deemed top TV word of 2009

ObamaVision -- the term coined by the media to sum up President Barack Obama's pledge to bring hope and change to America -- was on Wednesday deemed the most influential English word from television in 2009.
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Google CEO sees one small acquisition a month

Google Inc expects to buy one small company a month as it rekindles its acquisition engine and moves beyond the worst phase of the global recession, Chief Executive Eric Schmidt said in an interview on Wednesday.
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Brown says G20 needs clear objectives

G20 countries must sign up to a new agreement setting clear objectives on how they can contribute to more balanced global economic growth, Prime Minister Gordon Brown said on Wednesday.
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Fed says U.S. recovery is underway

The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, saying growth had returned after a deep recession, while reiterating its promise to hold interest rates very low for a long time.
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Sam's Club tightens electronics return policy

Wal-Mart Stores Inc's Sam's Club chain said on Wednesday that its U.S. warehouse clubs are now offering free technical support for consumer electronics, but it is toughening up its return policy for such items.
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John Travolta testifies at Bahamas extortion trial

John Travolta frantically tried to save his son by performing mouth-to-mouth resuscitation, the actor told a Bahamian court on Wednesday in the trial of two people accused of attempting to extort $25 million from him.
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A123 IPO puts spotlight on energy storage market

Lithium-ion battery maker A123 Systems Inc has a history of losses, is uncertain about its ability to generate positive cash flow -- and is the most talked-about company going public this week.
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U.S. credit card defaults rise to record: Moody's

The U.S. credit card charge-off rate rose to a record high in August, as more Americans lost their jobs, Moody's Investors Service said on Wednesday, in another sign consumers remain under stress.
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Duke Energy signs another China cleantech deal

Duke Energy Corp has signed a clean energy technology agreement with China's ENN Group, adding to a deal it struck last month with the country's top power provider in Duke's push to cut carbon emissions.

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