Airbus to test biofuels when available
Airbus Industrie is sure that biofuels, the 'green' hope of the aviation sector, will work in its planes and is looking forward to testing them, a senior official for the European airliner builder said on Thursday.
Obama proposes new risk rules for banks, shares dive
President Barack Obama proposed stricter limits on financial institutions' risk-taking on Thursday in a new populist-tinged move that sent bank shares tumbling and aimed to shore up the president's political base.
California sees problems in U.S. vehicle pollution plan
California has issues with federal attempts to weaken new vehicle pollution standards, but the state backed away on Wednesday from a report that it was threatening to pull out of a deal with U.S. President Barack Obama's administration.
Blackstone to take over some Allied Capital funds
Blackstone Group said on Thursday it will take over management of nine leveraged loan and high yield bond funds with assets of $3.2 billion from business development company Allied Capital Corp.
S&P 500 lower on commodities, financial stocks after Obama bank restrictions
The Dow Jones Industrial average was down nearly 2 percent on Wednesday as commodities and financial stocks fell following President Barack Obama's announcement that he would seek further curb big banks.
Wall St tumbles on Obama banking proposal
Wall Street tumbled on Thursday after President Barack Obama proposed rules aimed at making the financial system safer by preventing the biggest banks from taking excessive risks.
Senate won't vote on Bernanke this week: aide
The U.S. Senate will not vote this week on whether to confirm Federal Reserve Chairman Ben Bernanke for a second four-year term, a Democratic party aide said, raising the risks that time will run out to confirm Bernanke before his current term expires.
U.S. airlines top estimates, outlook hits shares
Continental Airlines and Southwest Airlines results topped Wall Street estimates as more people booked flights and ticket prices rose, but the airlines said the path to recovery would be rough.
Xerox results beats estimates, stock rises
Xerox Corp said its quarterly profits got a boost from improving sales and cost cuts, and it delivered an optimistic outlook, sending its shares up 5.6 percent.
Philly Fed factory index falls in January
Factory activity slowed more than expected in the U.S. Mid-Atlantic region in January, paring expectations of manufacturing's role in helping a U.S. economic recovery, a survey showed on Thursday.
Clinton extols Internet freedom
Secretary of State Hillary Clinton unveiled a new US policy hoping to encourage the world governments to ensure their citizens have open access to the Internet.
Russia says to start Iran nuclear plant in 2010
Russia will this year start up the reactor at Iran's long-delayed Bushehr nuclear power plant, the head of Russia's state nuclear corporation said on Thursday.
Oil falls below $77, U.S. refinery activity plunges
Oil fell by more than $1 to move toward $76 a barrel for the first time this year, as strength in the dollar and weak demand saw crude extend recent losses.
Rescue teams pull back as Haiti aid flows in
Somalia's hardline al Shabaab rebels threatened on Thursday to attack neighbouring Kenya following a crackdown on Somalis in the capital Nairobi, according to a recording posted on an al Shabaab Web site.
Somali hardline rebels threaten Kenya attack
Somalia's hardline al Shabaab rebels threatened on Thursday to attack neighbouring Kenya following a crackdown on Somalis in the capital Nairobi, according to a recording posted on an al Shabaab Web site.
Obama proposes new limits on big U.S. banks
President Barack Obama proposed stricter limits on financial risk-taking on Thursday in a new populist-tinged move that sent bank shares lower and aimed to shore up his own political base.
Yemen stops airport visas to hamper militants
Yemen will stop issuing tourist visas on arrival to foreigners in an effort to prevent militants entering the country as it steps up its war on al Qaeda, a government official and state media said on Thursday.
Stocks drop as investors shun risk
U.S. stocks fell 1 percent on Thursday on uncertainty about the impact of proposed restrictions expected from the Obama administration on big banks.
Spyker Cars nears outcome in Saab takeover talks
Dutch luxury car maker Spyker Cars said on Thursday it is nearing an outcome in its talks to buy Saab from General Motors, although it gave no indication as to how the talks were going.
Gates in Pakistan seeking action on Afghan Taliban
Pakistan ruled out any new offensive against militants Thursday, even as U.S. defence chief Robert Gates began meetings aimed at persuading the country to expand its military campaign to take on Afghanistan's Taliban.
Goldman Sachs posts Q4 profit and cuts bonus pool
Goldman Sachs Group Inc , which had been on track to pay employees a near-record amount, instead set aside nothing for compensation in the fourth quarter and gave $500 million to charity.
GM to close Belgian Opel plant this year
Belgian Opel workers learned the Antwerp plant will close this year, with the loss of 2,600 jobs, as U.S. car maker General Motors said it would make labor and capacity cuts at all its European sites.
Stocks dip as disappointing U.S. data may not offset tightening fears
When China's government has signaled monetary tightening in recent weeks, U.S. stocks have fallen.
Salt reduction could save 92,000 lives a year
The benefit to the U.S. population would be comparable to cutting smoking by 50 percent, significantly lowering obesity rates and giving cholesterol drugs to virtually everyone to prevent heart attacks, said Dr. Kirsten Bibbins-Domingo of the University of California, San Francisco and colleagues.
Banks drag stocks lower on Obama proposal
The Dow and S&P 500 fell on Thursday as fears any proposed new restrictions by the Obama administration on big banks would cut profits at large trading firms like Goldman Sachs Group.
New devices threaten Intel dominance
Intel powers nearly all of today's netbooks and ultra mobile devices, but it may find itself playing catch-up in as little as two years.
Report sees small Hollywood jobs recovery for 2010
A record breaking movie box office take in 2009 was not enough to stave off Hollywood job losses last year, but 2010 is expected to bring a modest recovery of up to 3,000 jobs, in part due to an increase in TV productions, according to an economic report released on Thursday.
Oil fluctuates around $78; China in focus
Oil rose near $78 a barrel on Thursday as worries that China will take further measures to temper its booming economy were overshadowed by its return to double-digit growth for the first time since 2008.
Suzuki says would reject VW stake increase
Suzuki Motor Corp CEO Osamu Suzuki said on Thursday he would probably refuse any approach by German carmaker Volkswagen for a bigger stake in his company.
Jobless claims up and regional factory activity dips
The number of U.S. workers filing new applications for jobless insurance unexpectedly rose last week, but a jump to a record high in a gauge of economic prospects eased concerns about the recovery.