Reuters - General Motors Corp is postponing redesigning its SUVs and full-sized trucks as it shifts its product portfolio toward more fuel-efficient vehicles, the Wall Street Journal reported in its online edition on Thursday.

Reuters - Huntsman Corp said on Thursday it would fight an effort by Apollo Management to back out of the planned $6.5 billion takeover of the Texas company by Apollo's Hexion Specialty Chemicals.

Reuters - U.S. Treasury Secretary Henry Paulson is expected to urge that the Federal Reserve be given new powers to regulate Wall Street after the collapse of brokerage Bear Stearns Cos. Inc., U.S. media reported on Wednesday.

AFP - UK blue chips closed higher on Tuesday, supported by gains from banks and miners and by hopes a spike in UK CPI may be temporary, but the FTSE 100 index ended well off the session peak as Wall Street fell back after poor US PPI data.

Reuters - Stocks dropped sharply on Wednesday, with the Dow slipping below 12,000 for the first time since March 18, when the market was reeling from the collapse of Bear Stearns.

Reuters - Delta Air Lines on Wednesday said it expected to post a profit in the second quarter, excluding special items, and plans to cut its domestic capacity by 13 percent in the second half of 2008

Reuters - Package delivery company FedEx Corp posted a quarterly loss on Wednesday due to high fuel prices, a weak U.S. economy and a previously announced write-down, and issued a weak forecast for fiscal 2009.

Reuters - U.S. auditors urged the Air Force Wednesday to rerun its marathon, $35 billion competition for refueling aircraft, upholding a protest by losing bidder Boeing Co .

Reuters - Hennes & Mauritz (HMb.ST), the world's third-biggest clothing retailer by sales, posted second-quarter pretax profits and May sales above market expectations on Wednesday, helped by a weak U.S. dollar and good weather.

Reuters - Citigroup Inc has offered early retirement to the 1,350 employees of its Japanese consumer finance unit, as the subprime-hit U.S. bank retreats from consumer lending in the world's second-largest economy.

AFP - China Everbright Bank said on Tuesday that it had applied to float on the country's local currency denominated A-share stock market.

Reuters - Activist investor Olivant has raised its stake in Swiss bank UBS to 2.5 percent and said on Wednesday it had fully supported the recent rights issue.