Judge rejects Countrywide's arguments: report - Reuters - 2 hours, 39 minutes ago
Directors and officers of mortgage lender Countrywide Financial must answer shareholder accusations of insider trading and failure to monitor lending practices that led to the company's collapse, a federal judge in California has ruled, the New York Times reported.

LG Elec shares jump to record, outlook strong - Reuters - Wed 9:42 pm ET
Shares in LG Electronics Inc jumped nearly 6 percent early on Thursday, hitting its lifetime high, as a strong earnings outlook coupled with the won's recent weakness boosted demand for the stock.

Fed's Yellen says key rate is probably low enough - Reuters - Wed 9:10 pm ET
A top Federal Reserve official said on Wednesday that interest rates have "come way down" in recent months, and with inflation looming the central bank's key lending rate has probably been cut enough for now, despite risks to growth.

Sony shares rise 10 pct after strong profit forecast - Reuters - Wed 8:44 pm ET
Shares of Sony Corp opened 10 percent higher on Thursday after it forecast a bigger-than-expected operating profit this financial year as it aims to boost flat TV sales and wipe away losses on the PlayStation 3.

Delta pilots OK modified contract, boost merger - Reuters - Wed 8:19 pm ET
Delta Air Lines Inc said on Wednesday the Air Line Pilots Association has informed the company that Delta pilots have approved a modification to their current contract.

Bayer pulls Trasylol supplies after study - Reuters - Wed 8:04 pm ET
Bayer AG is removing remaining supplies of its heart-surgery drug Trasylol from the U.S. market after a long-awaited study found it raised the risk of death compared to two alternatives, U.S. regulators said on Wednesday.

AIG chairman says board stands by CEO Sullivan - Reuters - Wed 7:40 pm ET
American International Group Inc's chairman said on Wednesday the global insurer's board is backing Chief Executive Martin Sullivan despite some anger from investors over two quarters of record losses.