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 LONDON (Reuters) - Oil traded higher on Thursday, reaching $43 after diving 12 percent overnight, partly due to higher than expected U.S. crude stocks data that hardened evidence of weakening demand.
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BAGHDAD (Reuters) - Two roadside bombs exploding in quick succession killed five Iraqi soldiers overnight and wounded eight more while they were on patrol in a village in Iraq's volatile Diyala province, police said.
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(Reuters) - Bank of America Corp began laying off staff in its investment bank and capital markets group, the New York Post said, citing sources.
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(Reuters) - Costco Wholesale Corp reported a 4 percent fall in sales at stores open at least a year in December, hurt mainly by lower gasoline prices and foreign exchange losses.
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LONDON/SINGAPORE (Reuters) - Bleak export data from Europe's biggest economy and a wave of profit warnings and job cuts soured investor sentiment on Thursday after an employment report suggested U.S. job losses in December could be the worst in almost 60 years.
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WELLINGTON (Reuters) - A noticeable presence of protestors outside the venue failed to stop Olympic champion Elena Dementieva from marching into the semi-finals of the Auckland Classic on Thursday.
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BEIJING (Reuters) - China is preparing to tackle paralyzed roads and railways if icy weather seizes the south and center in a possible repeat of last year's gridlock just as millions head home for the Lunar New Year holiday.
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NEW YORK (Hollywood Reporter) - One of the most promising indie films this winter features several stars and already has buyers circling. It sounds like a top Sundance Film Festival hopeful, except for one thing -- it isn't going to Sundance.
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Las Vegas (Reuters) - Yahoo Inc unveiled on Wednesday a list of partners to aid its push to bring the Internet and television together, hoping their joint effort will finally connect with consumers.
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LOS ANGELES (Hollywood Reporter) - Considering the jump-the-shark pronouncements that accompanied Season 6 of "24" two years ago, the clamor for the return of Fox's real-time thriller has been notably muted.
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