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Oil steady at $68 on mixed economic outlook

Oil prices steadied on Thursday as economic optimism from data showing that the U.S. service sector and retail sales improved was tempered by disappointing news from the labor market.

Sen Schumer calls for making SEC self-funded

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The U.S. Securities and Exchange Commission, criticized this week for failing to detect the Bernard Madoff's $65 billion Ponzi scam, needs more money and a new way of getting it, said a key lawmaker on Thursday.
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Sprint backs Hero, the latest HTC Android phone

Sprint Nextel Corp plans to sell HTC Corp's Hero cell phone based on Google Inc's Android operating system, intensifying competition in the crowded U.S. smartphone market dominated by Apple Inc's iPhone.
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Sony walkman outsells Apple's iPod

Sony's Walkman digital music player outsold the Apple iPod in Japan last week - the first that has happened in more than four years, according to Bloomberg, citing data from Tokyo-based research firm BCN.
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WTO to issue landmark aircraft industry ruling

World Trade Organization judges will rule on Friday for the first time on whether the European Union handed out illegal subsidies to Airbus in a verdict that could affect planemakers worldwide.
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EU probes Oracle bid for Sun

European Union antitrust regulators launched an in-depth probe on Thursday into Oracle's $7 billion takeover of Sun Microsystems on concerns the deal could dent competition in the database market.
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Ciena loss narrower than expected, shares rise

U.S. network equipment maker Ciena Corp reported a quarterly loss on Thursday on weaker technology spending by phone companies, but the results were better than expected and its shares rose 5.7 percent.
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Energy-gulping buildings ripe for savings

New York's Empire State Building is doing it, Chicago's Willis Tower is about to start and many more landlords and companies are expected to undertake building retrofits to reduce energy costs.
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New U.S. jobless claims fell last week

The number of U.S. workers filing new claims for jobless benefits fell last week, but the prior period's figure was revised up, according to a government report on Thursday that highlighted the fragility of the labor market.
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US commercial paper outstanding rises in week-Fed

NEW YORK - The U.S. commercial paper market expanded for a third straight week in another sign that the economy may be growing again as a two-year credit crunch eases, Federal Reserve data showed on Thursday.
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Global recession ending: OECD

The global recession is coming to an end faster than thought a few months ago and may already be over, but recovery will rely on massive government spending and low interest rates for some time, the OECD said on Thursday.
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Ford Canada offers up to C$3,000 for clunkers

Ford Motor Co's (F.N) Canadian subsidiary, seeking to maintain sales momentum, said on Wednesday it will offer up to C$3,000 ($2,700) toward the purchase of a new Ford to customers who turn in a vehicle 15 years or older.
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Iran dismisses sanctions talk, to present proposals

President Mahmoud Ahmadinejad dismissed on Thursday any threat of new sanctions against Iran over its nuclear program, a day after world powers pressed Tehran to meet them this month for talks on the nuclear dispute.
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Costco August same-store sales fall 2 pct

Costco Wholesale Corp on Thursday reported a smaller-than-expected 2 percent fall in August same-store sales, in a sign that the impact of the financial crisis is waning on U.S. consumer spending.
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Family Dollar sales miss goals, shares plummet

Family Dollar Stores Inc's fourth-quarter sales growth fell short of expectations, leading its shares to fall 9 percent in premarket trading even though the retailer stood by its fourth-quarter profit forecast.
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Oil rises towards $69 on economy hopes

Oil prices rose toward $69 a barrel on Thursday, drawing support from a sharp fall in U.S. gasoline inventories that revived hopes of a demand recovery in the world's largest fuel consumer.
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Japan's Hatoyama, U.S. envoy talk shared interests

Japan's new leader and Washington's envoy bonded over a football helmet on Thursday as they sought to allay concerns about their alliance after an election win by Yukio Hatoyama's party, which has pledged a more independent diplomatic course.
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China denies U.S. reporters were seized in China

China rejected on Thursday claims by two U.S. journalists that they were seized on Chinese territory before being dragged into North Korea and jailed there for illegal entry into the reclusive state.

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