Reuters - Deutsche Telekom's (DTEGn.DE) T-Mobile USA will be the first carrier to offer a mobile phone based on Google Inc's Android software, the New York Times reported, citing people briefed on the company's plans.

Reuters - Google Inc's India subsidiary is being sued for alleged defamation in the Bombay High Court by an Indian construction equipment company, The Wall Street Journal said.

Reuters - Wal-Mart Stores Inc second-quarter profit jumped 17 percent, but the discount retailer forecast current quarter results that could miss Wall Street estimates as consumers worldwide deal with tough economic times.

Reuters - Morgan Stanley and JPMorgan Chase & Co agreed to buy back billions of dollars of illiquid auction-rate securities and pay fines to settle charges that they misled investors about the debt's risk.

Reuters - Texas oil billionaire T. Boone Pickens said on Thursday crude prices may soon fall as low as $110 a barrel amid falling gasoline demand, but should not sink below $100 because the United States depends heavily on oil imports.

Reuters - Stocks rose in thin trading on Thursday as another decline in the price of oil buoyed hopes that consumer spending will recover and financial shares bounced back from a sharp two-day sell-off.

Reuters - Consumer prices climbed at twice the rate expected in July and job prospects kept softening last week, according to Labor Department reports on Thursday that pointed to swelling economic stress.

AFP - A Chinese retailer has postponed plans to raise a billion US dollars on the Hong Kong stock exchange amid allegations of improper accounting, the Wall Street Journal said Thursday.

AFP - London shares dipped on Wednesday, amid renewed jitters about the health of the world's top banks and slowing economic growth.

Reuters - Former Federal Reserve Chairman Alan Greenspan predicts U.S. house prices will begin to stabilize in the first half of next year, even as he faulted the government's rescue of mortgage market giants Fannie Mae and Freddie Mac, the Wall Street Journal reported on Thursday.

Reuters - Labor groups are requesting an investigation into whether Wal-Mart Stores Inc violated federal election laws by telling employees that electing Democrats would lead to passage of legislation making it easier to unionize companies, The Wall Street Journal said citing a letter.

Reuters - Barnes & Noble Inc, the largest U.S. specialty bookseller, is unlikely to make a bid for rival Borders Group Inc, The Wall Street Journal said, citing people familiar with the situation.