Reuters
NEW YORK (Reuters) – U.S. stocks sagged in volatile trading on Thursday after weak outlooks from technology companies and downbeat comments from a Federal Reserve official gave investors little reason to buy. Full Story »
NEW YORK (Reuters) - The Securities and Exchange Commission charged billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors. Full Story »
NEW YORK (Reuters) - MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad. Full Story »
AFP/File LONDON (AFP) - London's leading shares rose slightly at the start of trading on Thursday as positive corporate earnings figures countered weak US economic data. Full Story »
JOBLESS CLAIMS DROP: New requests for unemployment benefits dropped last week by 11,000 to 457,000, the third drop in four weeks. Full Story »
SEOUL, South Korea - Samsung Electronics Co.'s net profit surged 83 percent in the second quarter to a record high amid increased sales and strength in its semiconductor and flat panel businesses. Full Story »
ROME - Italian officials are seeking to raise some euro25 million (about $32 million) in private money to finance the restoration of one of the country's iconic landmarks: the Colosseum. Full Story »
NEW YORK - State Attorney General Andrew Cuomo said Thursday that he had opened a fraud investigation into how life insurers pay out benefits after policyholders die. Full Story »
AFP/File WASHINGTON (AFP) - China allowed an IMF report critical of its currency policy to be released Thursday for the first time in four years, signaling Beijing's confidence that it can control the debate on the yuan. Full Story »
SAN FRANCISCO (Reuters) - Amazon.com said its best-selling Kindle device was currently out of stock, leading one Internet analyst to surmise the online retailer was poised to launch a new version. Full Story »
WASHINGTON - Federal regulators say a Florida company they accused of misleading borrowers who were seeking to avoid foreclosure has agreed to repay the consumers $2.4 million to settle those charges. Full Story »
AP BATTLE CREEK, Mich. - A Canadian company whose pipeline leaked hundreds of thousands of gallons of oil into a Michigan river has experienced leaks, an explosion and dozens of regulatory violations in the past decade throughout the Great Lakes region and elsewhere in the U.S. Full Story »
NEW YORK - Biotechnology company Amgen Inc. said Thursday that its second-quarter net income slipped 5 percent, mainly on higher taxes, but the results topped Wall Street expectations. Full Story »
Tenneco , an auto parts maker, swung to a Q2 profit of 62 cents ex items, topping views by 18 cents. Revenue rose 36% to $1.5 bil, above views. Tenneco, which makes emission control products, shock absorbers and other components, climbed 7.6% to 25.97. Full Story »
One of the top three leaders of Mexico's most powerful drug cartel died in a gunfight with soldiers Thursday, ending the long run of a mysterious capo considered a founder of the country's massive methamphetamine trade. Full Story »
Google Inc. triggered a false alarm Thursday by posting a notice that its search engine and several other services had been cut off from mainland China - a key market where the company has been locked in a high-profile battle over online censorship. Full Story »
Scientists from around the world are providing even more evidence of global warming, one day after President Barack Obama renewed his call for climate legislation. Full Story »
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