WORLD FINANCE UPDATE:
The Australian dollar is lower after the rally on global stock market fizzled out.
At 0630 AEST on Thursday, the local unit was trading at 70.09 US cents, down from 70.49 cents on Wednesday.
And the Australian share market looks set to open lower following falls on Wall Street where a morning rally fizzled and Apple shares dropped after unveiling a suite of upgraded products.
At 0645 AEST on Thursday, the September share price index futures contract was down 84 points at 5,231.
ELSEWHERE:
NEW YORK - Microsoft and the US government have clashed in an appellate court hearing on law enforcement access to emails stored overseas.
BETHESDA, Maryland - Lockheed Martin is eliminating about 500 jobs from its Information Systems & Global Solutions segment, as the defence contractor adjusts to changing government priorities and tries to sharpen its competitiveness.
WASHINGTON - The National Geographic Society has announced it is selling its media operations, including its iconic magazine and cable television channels, to a joint venture led by 21st Century Fox.
SAN FRANCISCO - The new iPhones came as expected. But Apple also moved into the living room with an upgraded streaming TV box and introduced its iPad Pro aimed at reviving the tablet market.
WASHINGTON - Toyota is putting an all-new Prius hybrid on the road, hoping the sleeker car retooled for fun will put the brakes on falling sales.
WASHINGTON - US online giant Amazon says it's expanding its crowd-sourced publishing program called Kindle Scout, opening it up to authors around the world.
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