AP - World stock markets fell Thursday and the euro weakened on concerns the European Union will not agree to give Greece concrete financial support, leaving it to potentially seek assistance from the International Monetary Fund.
AP - Porsche shot to the top of a closely watched study of long-term vehicle dependability, overtaking U.S. and Japanese rivals, J.D. Power and Associates said Thursday.
AP - Greece's Prime Minister George Papandreou said Thursday his country needs a firmer eurozone bailout plan to lift market pressure on his government and lower its borrowing rates.
AP - Beijing needs to take seriously American concerns about the value of the Chinese currency, but bilateral disputes should not impede cooperation on global issues such as climate change and Iran's nuclear program, the U.S. ambassador to Beijing said Thursday.
AFP - IBM Japan on Thursday denied it had evaded taxes after news reports said authorities were probing whether it had failed to declare more than 4.4 billion dollars in income.
AP - Banks weren't the only ones giving big bonuses in the boom years before the worst financial crisis in generations. The government also was handing out millions of dollars to bank regulators, rewarding "superior" work even as an avalanche of risky mortgages helped create the meltdown.
AP - Federal Reserve Chairman Ben Bernanke on Wednesday urged Congress not to scale back the Fed's regulatory authority over banks. He said the Fed needs the information it gleans from its bank oversight to set interest rates and gauge the health of the banking system.
AP - China Mobile Ltd., the world's biggest phone carrier by subscribers, said Thursday its 2009 profit rose 2.3 percent over a year earlier and warned it faces growing competition.
AP - Greek taxi drivers and many gas station owners are striking against a proposed overhaul of tax laws under the government's efforts to overcome its debt crisis.
The Motley Fool - Surprise, surprise. As expected, the Federal Reserve on Tuesday held short-term interest rates unchanged at historic lows and maintained that it will keep rates low for an extended period of time. The central bank also reiterated its pledge to stop buying mortgage-backed securities at the end of this month. However, the Fed did upgrade its assessment of the economy.
Reuters - Greece raised the stakes on Thursday in its quest for EU help to tackle its debt crisis, warning it cannot achieve promised deficit cuts if its borrowing costs remain high and might have to call in the IMF.
AFP - Spain's Inditex, Europe's biggest clothing retailer and the company behind Zara, posted Wednesday a rise in profit as strong sales abroad, especially in Asia, offset sluggish domestic demand.
Reuters - A U.S. federal judge dismissed a shareholder lawsuit accusing Canadian Imperial Bank of Commerce and four executives, including Chief Executive Gerald McCaughey, of misleading investors about the bank's exposure to subprime mortgages.
AFP - Nissan Motor on Thursday said it would start building its zero-emission Leaf electric car at a plant in Britain from 2013, saving more than 2,000 jobs in one of England's most deprived regions.
BusinessWeek - Over the last several months, I've written a lot about the current state of residential real estate, and the opportunities made available by the combination of lower housing prices and falling interest rates. As we approach the end of this year's residential real estate buying-and-selling season, this is a good time to start thinking about what might lie ahead.