IBT Staff Reporter

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Wall St falls as tech shares weigh

Stocks fell on Thursday led by losses in the technology sector and on worries that China's rapid growth may lead to more aggressive measures to tackle inflation.

Wendy's to sell Arby's sandwich chain

Wendy's/Arby's Group plans to sell its struggling Arby's roast beef sandwich chain to focus on the Wendy's hamburger chain, which its top shareholder expects to be the company's engine of growth.

Pre-Market Earnings on Jan. 20

The companies that reported earnings before the markets open on Thursday are: Morgan Stanley, Union Pacific, UnitedHealth Group Inc., Johnson Controls, Parker Hannifin, Southwest Airlines, Rockwell Collins and Huntington Bancshares.

Special Report: A wing and a prayer: outsourcing at Boeing

On a blustery and drizzly December afternoon in the Pacific Northwest, about 20 airplanes sat engineless and inert near the runway at a Boeing manufacturing plant. Huge, yellow blocks hung from the wings of some planes to substitute for the weight of absent engines.

Khalid Sheikh Mohammed beheaded Daniel Pearl: CNN

Khalid Sheikh Mohammed, currently in U.S. custody for alleged acts of terrorism, is responsible for the death of U.S. journalist Daniel Pearl, CNN reported, citing a report released by the Pentagon.

Stock index futures signal pause after selloff

U.S. stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500 down 0.03 percent, Dow Jones futures up 0.03 percent and Nasdaq 100 futures up 0.06 percent at 4:40 a.m. EST.

Social Networks More Prone to Cyber Attacks: Report

Sophos reported that cyber attacks on social networking sites nearly doubled in 2010, a clear sign that the threat continues to grow at an alarming rate. A study by the IT security and control firm reveals dramatic increase in malware, phishing and spam through social networks, most prominently Facebook.

Green group accuses Apple of lax supplier oversight

iPhone maker Apple was criticized by Chinese green groups for lax corporate oversight of its suppliers in China, leading to poor environmental and work safety standards that poisoned dozens of factory workers.

Sony Ericsson quarterly results lag

Mobile phone maker Sony Ericsson on Thursday posted lower-than-expected profit and sales during its key year-end quarter and said it expects only modest growth in the handset market this year.

At least 207 missing in Brazil floods, 741 dead

At least 207 people are still missing after Brazil's worst landslides in decades, authorities said on Wednesday, as the death toll from the disaster in a scenic mountain region reached 741.

After summit pomp, China's Hu to face US lawmakers

President Hu Jintao on Thursday will try to persuade often hostile U.S. lawmakers that China is a threat-free engine of growth, after a White House summit sought to narrow rifts between the world's top two economies.

U.S. stock index futures signal pause after selloff

U.S. stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500 down 0.03 percent, Dow Jones futures up 0.03 percent and Nasdaq 100 futures up 0.06 percent at 4:40 a.m. EST.

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