The White House Thursday ruled out an "extraordinary" new economic stimulus plan to fire up the slowing recovery, but said President Barack Obama was scouting new ideas to boost jobs and growth.

Air France-KLM is considering setting up a "low-cost" domestic carrier to meet intense competition in the French market from budget rivals, company sources said on Thursday.

Dubai-based retail giant Landmark Group has agreed to buy British restaurant chain Carluccio's for 90.3 million pounds, the companies said on Thursday.

London shares ended in positive territory Thursday on US jobs and home sales data after falling in early deals.

British and Japanese retail giants along with local operators are locaked in an auction battle to take over the Southeast Asian business of the French supermarket operator.

Italian automaker Ferrari announced Wednesday it had recalled all versions of its model 458 Italia sports car produced before July 2010 after four of them caught fire.

Rising wheat prices caused the biggest monthly spike in food prices in August since November 2009, the United Nations' Food and Agriculture Organisation (FAO) said on Wednesday.

Irish low-cost airline Ryanair says that it has overtaken Spanish flag carrier Iberia as the largest airline in Spain in terms of the number of passengers carried.

An exhibitor shows a gold nugget from Australia for sale at a watch and jewelry exhibition in Hong Kong. The price of gold climbed close to its record high with the precious metal boosted by its safe-haven status.

A man takes part in a rally demanding jobs in Los Angeles, California in August 2010. US private sector employment dropped in August for the first time in seven months, signaling a weakening economic recovery, payrolls firm ADP has said.