IBT Staff Reporter

FedEx Corp will pay back wages and interest to more than 21,000 people rejected for jobs in a $3 million settlement of a bias case brought against two of the company's units by the U.S. Department of Labor.

Facebook has acquired hundreds of patents from International Business Machines Corp as the social networking company attempts to bolster its intellectual property portfolio in the wake of a lawsuit filed by Yahoo.

GameStop Corp gave a fiscal-year outlook on the high end of analysts' estimates, saying it expects to boost sales of used videogames and to benefit from new hardware from Nintendo Co Ltd.

The chief lobbyist for the largest U.S. financial institutions will step down at the end of 2012, after more than a decade of waging regulatory battles, a trade group said on Thursday.

The government charged AT&T Inc with cheating it out of millions of dollars by knowingly failing to prevent swindlers from using a subsidized telephone service meant for deaf people.

The economy is in much better shape and does not need further help from the central bank, a top Federal Reserve official known for his hawkish policy views said on Thursday.

The number of Americans claiming new unemployment benefits dropped to a four-year low last week, bolstering hopes a recent pick-up in job growth will prove lasting.

The Dow and the S&P 500 fell for a third straight day on Thursday on concerns about the global economy's growth outlook after manufacturing data showed a drop in new orders in both the euro zone and China.

Wall Street fell for a third straight day on Thursday after continued contraction in manufacturing in both the euro zone and China fueled worries about the global economy.

FedEx Corp will pay back wages and interest to more than 21,000 people rejected for jobs in a $3 million settlement of a bias case brought against two of the company's units by the U.S. Department of Labor.

Samsung Electronics Co aims to double its share of the sub-Saharan smartphone market to 20 percent by next year, as it focuses on affordable handsets, the head of its Africa business said on Thursday.

NYSE Euronext said on Thursday it would not join Deutsche Boerse in appealing the European Commission's decision to prohibit the $7.4 billion merger between the two exchange operators.

The number of Americans claiming new unemployment benefits dropped to a four-year low last week, offering further evidence the jobs market recovery was gaining traction.

Volkswagen AG will add 800 jobs at its only U.S. plant to increase production of the Passat sedan, the company said on Thursday.

Less than three months into the job as Yahoo Inc's chief executive, Scott Thompson faces a proxy showdown with hedge fund Third Point that will determine whether he or a slate of dissident directors nominated by the hedge fund's founder, Dan Loeb, gets to chart the company's course.

Stocks fell at the open on Thursday as data on the U.S. labor market did little to counter concerns about weakness in the global economy after soft manufacturing data in the euro zone and China.

Stocks were set for a weaker open on Thursday as data on the domestic labor market did little to counter concerns about weakness in the global economy after soft manufacturing data in the euro zone and China.

Stock index futures briefly extended their losses on Thursday after the latest reading on jobless claims.

Stock index futures fell on Thursday after manufacturing data in the euro zone and China increased worry about a slowing global economy.

FedEx Corp reported higher quarterly profit that beat estimates, citing higher revenue per package and record holiday shipping, and forecast further advances in the current quarter.

Boeing Co , Airbus and Embraer have come together to work with governments and biofuel producers to promote and speed up the availability of jet fuels that reduce carbon emissions.

A Chinese telecommunications equipment company has sold Iran's largest telecom firm a powerful surveillance system capable of monitoring landline, mobile and internet communications, interviews and contract documents show.

A Chinese telecommunications equipment company has sold Iran's largest telecom firm a powerful surveillance system capable of monitoring landline, mobile and internet communications, interviews and contract documents show.

Stock index futures fell on Thursday after manufacturing data in the eurozone and China increased worry about a slowing global economy.

Stock index futures fell on Thursday after manufacturing data in the euro zone and China increased worry about a slowing global economy.

More than a decade after regulators moved to clean up the stock research industry at investment banks, analysts across the globe are as hesitant as ever to issue negative research on companies they believe are destined to struggle.

Stock index futures pointed to a lower opening on Wall Street on Thursday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.57 percent and Nasdaq 100 futures down 0.58 percent at 1000 GMT.

Four days before the Olympic Opening Ceremony, in London's historic Horse Guards Parade courtyard where throngs will have just celebrated Queen Elizabeth's Diamond Jubilee, United Parcel Service will ship in to set up scoreboards, umpire chairs, sand rakes, nets and other fixtures for beach volleyball.

Four days before the Olympic Opening Ceremony, in London's historic Horse Guards Parade courtyard where throngs will have just celebrated Queen Elizabeth's Diamond Jubilee, United Parcel Service will ship in to set up scoreboards, umpire chairs, sand rakes, nets and other fixtures for beach volleyball.