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U.S. condemns release of Lockerbie bomber

The United States strongly condemned Thursday's decision by Scottish authorities to free a terminally ill Libyan convicted of the 1988 Lockerbie plane bombing, saying there was no justification for his release.

GM offers dealers advances on clunkers cash

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General Motors Co will provide cash advances to dealers to cover Cash for Clunkers rebates while the incentives are being processed by the U.S. government, the company said on Thursday.
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New AIG CEO says expects to repay taxpayers: report

Robert Benmosche, the newly appointed chief executive officer of American International Group Inc , says he expects the bailed-out insurer to be able to repay its federal debts and to boost value for shareholders, according to a report by Bloomberg News.
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Tests help lung cancer drugs reach right patients

Diagnostic tests that look for specific genetic or molecular characteristics may be the key to helping doctors decide which lung cancer treatments work best for patients, two studies released on Wednesday suggest.
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Oil edges towards $73 on equities push

U.S. crude prices edged toward $73 as rallying equities outweighed concerns about the pace of demand recovery in the world's top consumer, the United States.
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New U.S. jobless claims unexpectedly rise last week

The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week, a government report showed on Thursday, fanning worries of an anemic recovery from the worst recession in 70 years.
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Germany fumbles with Obama-style election tactics

German politicians are drawing on the lessons of the U.S. presidential campaign by embracing the Internet and experimenting with townhall meetings, but what worked for Barack Obama seems to be backfiring here.
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Indonesia militants plotted Obama attack: expert

A police investigation into last month's Jakarta hotel bombings shows that militants also planned to use snipers to attack Barack Obama's convoy when the U.S. president visits Indonesia, an intelligence expert told Reuters.
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Hurricane Bill downgraded to Category 3

Hurricane Bill weakened on Thursday, falling to a Category 3 storm with its winds dropping to 125 mph, but hurricane watchers said it had the potential to reach Category 4 status again.
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Afghans vote despite sporadic violence

Millions of Afghans went to the polls Thursday, defying Taliban threats of violence and sporadic attacks across the country to choose a president in the midst of a worsening war.
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Oil falls towards $72 on recovery doubts

Oil prices eased toward $72 a barrel on Thursday, after rising more than 4 percent in the previous session, as optimism faded about the pace of demand recovery in the world's top consumer the United States.
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Heinz, Hormel beat estimates as more eat at home

Packaged food makers H.J. Heinz Co and Hormel Foods Corp both posted better-than-expected quarterly profits as consumers bought more items like ketchup and Spam as they increasingly ate at home to save money.
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U.S. jobless claims unexpectedly rise

The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week, a government report showed on Thursday, fanning worries of an anemic recovery from the worst recession in 70 years.
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PetroChina, Sinopec to get price hikes boost in Q2

China's top oil refiners are set to reveal a surge in quarterly earnings on the back of fuel price increases and lower oil prices, reaping the benefits six months after Beijing shifted to more liberal fuel pricing.
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Stock futures rise after China rally

Stock index futures edged higher on Thursday following a rally in Chinese equities and ahead of data expected to show a dip in jobless claims after a surprise increase in the prior period.
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New jobless claims unexpectedly rise last week

The number of U.S. workers filing new claims for jobless benefits unexpectedly rose last week, a government report showed on Thursday, as companies continued to cut payrolls amid uncertainty over the economic outlook.

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