UNITED STATES

Creditors of Chrysler have won approval from a federal bankruptcy court to sue Daimler AG (DAIGn.DE) and pursue a claim that its 2007 sale of Chrysler stripped the U.S. automaker of its most valuable assets.

UBS AG is leaving one problem behind with the settlement of its tax row with the U.S. government, but the bank's Americas wealth management unit still faces headwinds that could force a sale.

Legendary guitarist and inventor Les Paul, who pioneered designs of electric guitars, has died of complications from pneumonia at a New York hospital, his lawyer said on Thursday. He was 94.

The cap and trade system proposed in climate legislation now being discussed in the U.S. Senate is not the most effective way to regulate carbon and reduce emissions of greenhouse gases and its success is doubtful, according to a pioneer of the cap and trade concept.

Magna and its Russian partner Sberbank have reached an agreement in principle with General Motors management over a contract to buy 55 percent of GM's European unit Opel, Magna's co-CEO Siegfried Wolf told Reuters on Thursday.

U.S. Secretary of State Hillary Clinton gave firm support in Liberia on Thursday to Africa's only woman president, a corruption fighter who has come under fire at home.

A U.S. institutional investor sued Textron Inc on Thursday, charging the world's largest maker of corporate jets with misleading investors with an overly rosy picture of business conditions.

U.S. mortgage rates rose in the latest week as Treasury yields climbed, according to a survey released on Thursday, a move that may dampen home loan demand.

Americans shopped less in July and more signed up for jobless benefits last week in a double dose of bad news for the U.S. economy just a day after the Federal Reserve said it saw a leveling out of the slump.

Ford Motor Co said on Thursday it will increase production over the rest of the year after a surge in sales triggered by the U.S. government's Cash for Clunkers sales incentive program.

U.S. stocks edged up on Thursday as better-than-expected earnings by Wal-Mart Stores Inc. offset gloomy government numbers on retail sales and employment.

Americans shopped less in July and more signed up for jobless benefits last week in a double dose of bad news for the U.S. economy just a day after the Federal Reserve said it saw a leveling out of the slump.

Warren Buffett's Berkshire Hathaway Inc underestimated the risks of falling stock prices to its billions of dollars of derivatives bets, yet still believes it is valuing the contracts fairly.

Large U.S. food companies have been pushing the Obama administration to ease sugar import curbs, citing forecasts for unprecedented sugar shortages that could result in higher retail prices and possible job losses.

Unexpected Retail Slip; Opel Deal Near; CIT Reveal

Large U.S. food companies said the country could virtually run out of sugar unless the Obama administration eased import curbs, the Wall Street Journal said.

U.S. stocks rose on Thursday as better-than-expected earnings by Wal-Mart Stores Inc offset gloomy government reports on retail sales and employment.

Ford Motor Co said on Thursday it is increasing production over the rest of the year to meet increased demand spurred by the U.S. government's Cash for Clunkers sales incentive program.

A year after receiving gene therapy for a condition that causes total blindness by age 30, three people continue to see better and one has improved enough

The U.S. government finalized rules on Wednesday meant to make it easier for seriously ill patients to gain access to unapproved medicines when they have run out of other options.

Up to 90 percent of all voice call and Internet services from parts of East Asia that were disrupted after Typhoon Morakot damaged undersea cables will resume by the end of Thursday, a senior Chunghwa Telecom official said.