UNITED STATES

U.S. copper futures sink early with other metals

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U.S. copper futures lost more than 3 percent of their value Thursday morning as prices continued to correct further away from the psychological $3.00 a lb level amid a broader sell-off in the industrial metals complex.
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TIMELINE: Battle over Opel ownership comes to head

The struggle to pick an owner for General Motors' Opel unit was set to come to a head on Thursday after the U.S. carmaker said it had made a decision and would communicate the verdict at a news conference.
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US commercial paper outstanding rises a 4th wk-Fed

The U.S. commercial paper market expanded for a fourth straight week for the first time since December, adding to signs of an economic rebound as the global financial crisis continued to abate, Federal Reserve data showed on Thursday.
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Obama says time to end bickering, pass healthcare

President Barack Obama will tell Congress on Wednesday the time for bickering is over and call for quick action on a comprehensive healthcare overhaul that would dramatically transform the U.S. insurance market and health system.
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Obama plays down importance of public option

President Barack Obama addressed the elephant in the room -- a government-run health insurance option -- by playing down its importance in a big speech to Congress on Wednesday, but not everyone was buying it.
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Oil rises towards $72 as demand seen stronger

Oil rose toward $72 a barrel on Thursday, supported by a report from the International Energy Agency that global demand will be higher this year and next than it previously forecast.
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Toshiba mulls M&A to light way for LED bulbs

Japan's Toshiba Corp needs to consider acquisitions so as to develop sales routes and gain share overseas in the growing market for LED lights, the head of its lighting systems operations said on Thursday.
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September U.N. summit seen key to climate deal

A drive to agree a U.N. climate pact in Copenhagen in December risks failure unless world leaders revive bogged-down negotiations at a U.N. summit in New York on September 22, experts say.
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Takeover target Suntory in talks to buy Orangina

Japanese brewer Suntory Holdings, seeking overseas growth as Japan's population ages, is in talks to buy soft-drinks maker Orangina for at least the $2.6 billion that private equity firms including Blackstone paid for the company just three years ago.
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Stock futures edge up after data

Stock futures edged up on Thursday after data showed the number of workers filing new claims for jobless benefits fell last week.
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IEA sees higher global oil use as economy recovers

Global oil demand will be almost 0.5 million barrels per day higher than previously forecast this year and next on stronger-than-expected U.S. and Chinese fuel consumption, the International Energy Agency said.
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Oil rises towards $72 on OPEC, demand seen stronger

Oil rose toward $72 a barrel on Thursday, supported by OPEC's decision to hold output steady and forecasts by the International Energy Agency that global demand will be higher this year and next than it previously forecast.
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Central banks keep rates at record low

Britain, South Korea and New Zealand left interest rates at record lows on Thursday, with Canada expected to follow suit, but in Asia at least there were signs that thoughts are turning to tighter policy.
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IEA sees higher global oil use as economy steadies

Global oil demand will be almost 0.5 million barrels per day higher than previously forecast this year and next on stronger-than-expected fuel use in North America and Asia, the International Energy Agency said.
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Beatlemania strikes with CDs, video game launch

A wave of Beatlemania struck Britain's streets as a specially remastered edition of the Fab Four's albums was released on Wednesday, complete with an interactive video game for a new generation of fans.
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Financial reform may fail to avert another Lehman

The collapse of Lehman Brothers a year ago has been likened to the 1994 crash that killed Formula One star Ayrton Senna, in the way it has spurred calls for root-and-branch review of risk in the financial sector.

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