UNITED STATES

Weekly Jobless Claims Rise, But Long-Term Downtrend Intact

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The number of people seeking state unemployment benefits increased for the first time in four weeks, but with the figures dropping for three consecutive weeks prior to the most recent reading, this could be a sign that the U.S. job market is turning a corner.
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Futures point to slight gains after data

Stock index futures pointed to modest gains at the open on Thursday as a decline in Italian bond yields offset a weak reading on jobless claims a day after the S&P 500's gains for the year were erased.
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Traders await the start of the trading at the New York Stock Exchange

Futures Edge up as Investors Await Data

Stock index futures were slightly higher on Thursday, following a market selloff in the previous session as Italian bond yields fell and investors awaited a new spate of data.
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New Satellites to Extend China's Military Reach

China this week reached a milestone in its drive to master the military use of space with the launch of trials for its Beidou satellite global positioning network, a move that will bring it one step closer to matching U.S. space capabilities.
Yahoo Picks Former PayPal Chair as New CEO

Yahoo Has Potential Bidder in Alibaba Group

Alibaba Group has hired a Washington lobbying firm in a sign that the Chinese e-commerce company would be willing to make a bid for all of Yahoo Inc. in the event that talks to unwind their Asian partnership fail.
Egyptian Uprising

Happy New Year 2012: Top 10 Event Photos of 2011

It surely has been an eventful year with popular uprisings, dictators being deposed or slain, royal marriages, celebrity divorces, and thrilling sports achievements, so here's a look at some of the top moments of 2011 as compiled by the IBTimes.
Counterfeit Drugs

Viagra Can be a Wonder Drug Against Heart Failure: Study

Viagra has finally been proven as a savior for heart aches. The new discovery on Viagra’s surprising 'relaxing' effect might actually save lives, according to researchers from the Ruhr Universitat Bochum (RUB), Germany in collaboration with colleagues from the Mayo Clinic in Rochester, Minnesota.
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U.S. Pulls Advisers from Afghan Media Center

U.S. has withdrawn its media advisers from Afghanistan’s Media center. In an unexpected move U.S embassy in Kabul announced in their website about the withdrawal of it s personnel from the media centre. America was funding and supporting Afgan’s Government Media and information centre (GMIC) for past four years. Embassy said that “the United States is reassessing and reviewing its relationship with the Afghan Government Media Information Center, and thought it appropriate to withdraw U.S. pers...
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Asian Stocks Inch Lower; Euro Extends Drop

Asian stocks fell on Thursday, taking cues from weak U.S. and European shares, as players cut positions heading into the year end with an Italian debt auction later in the day keeping markets nervous.
Customers wait outside Verizon Wireless store in New York to buy the iPhone on first day of Verizon service availability

Verizon Looking into Reports of 4G Network Problem

Verizon Wireless is investigating reports that some customers were experiencing trouble accessing its fourth generation (4G) network, a spokesman told Reuters, as the company yet again had to face service problems with its faster wireless service.
The Athabasca river runs through the city of Fort McMurray.

Oil sands OK starts option clock for Athabasca

Athabasca Oil Sands Corp has won regulatory approval for its MacKay River oil sands project, opening a one-month window that could result in its state-owned Chinese partner taking full control of the development.
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Stuxnet weapon has at least 4 cousins: researchers

The Stuxnet virus that last year damaged Iran's nuclear program was likely one of at least five cyber weapons developed on a single platform whose roots trace back to 2007, according to new research from Russian computer security firm Kaspersky Lab.
Gold ingots

Gold Languishes Around 3-Month Low

Gold wallowed near a three-month low Thursday, remaining under pressure due to a firm dollar, while investors fretted over an important Italian bond auction later in the day.
Occupy Wall Street

Facebook for the 99%: Why Occupy is Making its Own Social Network

A small group of committed programmers has taken it upon themselves to build a central network for Occupy groups and protesters around the world, Wired reported on its Threat Level blog. It's partly a function of not wanting Facebook to have access to private activist messages, but it's also an attempt to simplify communications among the many groups.

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