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    Last update: December 22, 2009

    +Nasdaq, S&P drop on recession worry; Intel sags
      NEW YORK (Reuters) - The broader U.S. stock market was flat after an earlier rebound fizzled out on Thursday on concerns about technology spending in the new year and anxiety that Friday's payrolls data will offer fresh evidence the economy is headed into a recession.

    +Oil recoils after breaking $100 a barrel
      NEW YORK (Reuters) - Oil fell on Thursday as traders took profits from a record rally that had pushed oil to $100 a barrel two days in a row -- a level that has raised a red flag over global economic growth.

    +EADS hails Saudi order in battle with Boeing
      PARIS/WASHINGTON (Reuters) - Europe's EADS trumpeted a deal to sell three jet-refueling planes to Saudi Arabia on Thursday while jockeying with Boeing for a far bigger prize, a U.S. Air Force tanker order worth $40 billion.

    +Motorola unveils mobile live TV device
      NEW YORK (Reuters) - Motorola Inc , which has recently lost cell phone market share, is introducing a mobile device for playing live television to expand its reach in portable consumer electronics.

    +Suit says IBM dumped chemicals in New York state
      NEW YORK (Reuters) - Neighbors of a former IBM plant in New York state sued the company on Thursday, saying it released chemicals into the air, ground and water for nearly 80 years that caused birth defects and cancer.

    +Buffett's bond insurer looks to expand to Rhode Island
      NEW YORK (Reuters) - Warren Buffett's new bond insurer is looking to expand to Rhode Island after hearing that the state's treasurer wanted it to apply for a license to operate in the state, according to a Buffett spokeswoman.

    +GM U.S. December vehicle sales down 5.2 percent
      DETROIT (Reuters) - General Motors Corp said on Thursday its U.S vehicle sales fell 5.2 percent in December as consumer demand softened amid a weak housing market and higher gas prices.

    +Bank of America sees value in financial sector bonds
      NEW YORK (Reuters) - Bonds of U.S. banks and brokers, among the worst performers last year, should turn around in 2008, helped by interest rate cuts and capital infusions, Bank of America strategists said on Thursday.

    +Labor market shows weak growth in December
      NEW YORK (Reuters) - Private-sector job growth slowed in December and the number of people receiving jobless benefits hit a two-year high in late December, reports released on Thursday showed.

    +IRS may restrict tax refund loans; H&R Block falls
      NEW YORK (Reuters) - The U.S. Internal Revenue Service said on Thursday it may restrict tax preparers such as H&R Block Inc and Jackson Hewitt Tax Service Inc from offering refund loans to customers because doing so could encourage fraud.

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