IBT Staff Reporter

After considering a move to downtown Los Angeles, the American Film Market has decided to remain in Santa Monica through 2017.

Wall Street fell on Thursday after the European Central Bank dashed hopes that policy-makers were preparing a financial bazooka to contain the debt crisis, and Germany rejected some proposals to add power to the euro zone's bailout fund.

Europe's banks must find 114.7 billion euros of extra capital, more than predicted two months ago, to make them strong enough to withstand the euro zone debt crisis and restore investor confidence.

With the millions of iPhones, BlackBerrys and Androids sold in the U.S., the massive demand for data use is far exceeding the supply of spectrum - the range of all possible frequencies through which signals can be transmitted.

Wall Street fell on Thursday after the European Central Bank dashed hopes that policy-makers were preparing a financial bazooka to contain the debt crisis, and Germany rejected some proposals to add power to the euro zone's bailout fund.

The number of Americans filing new claims for unemployment benefits dropped to a nine-month low last week, suggesting the labor market's recovery was gaining momentum.

Ford Motor Co restored its dividend for the first time in five years on Thursday, with a quarterly payout of 5 cents per share that the No. 2 U.S. automaker said it could maintain during any future downturn.

Boeing Co , on track to notch its highest number of commercial aircraft orders since 2007, is working to bag what many experts say are the last available orders in a buying spree by U.S. operators.

The European Central Bank spooked financial markets Thursday by dousing hopes of dramatic crisis-fighting action in the euro area shortly before European leaders began what the French president billed a last chance summit.

Wall Street fell on Thursday after the European Central Bank dashed hopes that policy-makers were preparing a financial bazooka to contain the debt crisis, and Germany rejected some proposals to add power to the euro zone's bailout fund.

A gunman killed a police officer and another person on Thursday at Virginia Tech University, the site of one of the worst shooting rampages in U.S. history, school officials said.

U.S. securities regulators are closing a long-running investigation into allegations that two well-known hedge funds conspired to spread negative information about Toronto insurer Fairfax Financial, two people familiar with the inquiry said.

Canadian housing starts slumped last month, hurt by weakness in the condominium sector, in the latest sign that a property boom fueled by low interest rates is under pressure from global economic uncertainty.

Risks to Canada's financial stability rose sharply in the second half of the year largely because of the European sovereign debt crisis, even though domestic banks remain stronger than in most other countries, the Bank of Canada said on Thursday.

Zynga Inc Chief Executive Mark Pincus on Thursday told a group of potential investors that the social games company could double the number of its paying players.

European Union leaders gathered on Thursday for a critical two-day summit focused on trying to find a solution to the euro zone debt crisis.

Russia's top social networking site on Thursday defiantly rejected a request by the Federal Security Service to block opposition groups from using it to organize street protests accusing the authorities of rigging this week's election.

Japan offered a heartfelt apology for the systematic mistreatment of Canadian prisoners during World War Two, helping to heal ties between the two nations, Ottawa said on Thursday.

Most U.S. motorists surveyed acknowledged few situations in which they would not use a cell phone or text while behind the wheel although they support measures to curb both practices, data released on Thursday by the Transportation Department showed.

The following comments were made on Thursday at a House Agriculture Committee hearing to examine the bankruptcy of MF Global. It was the first hearing to bring the major players together since the firm's collapse.

The National Basketball Association (NBA) does not yet have a ratified labor agreement but the league moved full speed ahead Tuesday by announcing a provisional schedule.

The new screen adaptation of John le Carre's classic spy novel Tinker Tailor Soldier Spy should be rated S for Wear a sweater.

Twitter revamped its website on Thursday to make the microblogging service easier to use and to help companies better showcase their brands.

U.S. securities regulators are closing a long-running investigation into allegations that two well-known hedge funds conspired to spread negative information about Toronto insurer Fairfax Financial, two people familiar with the inquiry said.

The contract that established Apple as a corporate entity in 1976 and another document, signed 11 days later, that removed one of the partners are expected to fetch up to $150,000 when they are auctioned next week by Sotheby's.

The contract that established Apple as a corporate entity in 1976 and another document, signed 11 days later, that removed one of the partners are expected to fetch up to $150,000 when they are auctioned next week by Sotheby's.

Wall Street fell on Thursday, dragged down by financial stocks, after the European Central Bank tempered hopes that policymakers were readying a financial bazooka to contain the debt crisis.

U.S. President Barack Obama said on Thursday he was very concerned about the euro zone crisis and believed the European Union had the resources to solve it if leaders could find the political will.

European Union leaders gathered on Thursday for a critical two-day summit focused on trying to find a solution to the euro zone debt crisis.