IBT Staff Reporter

The Ontario government cut its growth, revenue and reserve targets on Wednesday, but said it was still on track to balance the budget in six years, without lowering total program spending or raising taxes.

On Thanksgiving Thursday, people working in Europe's financial sector are struggling to find much to be thankful for.

Nearly three-quarters of Britons think it is inappropriate for children under 12 to own a mobile phone, despite the fact that most kids already have them, according to a poll on Thursday.

German government bond yields hit their highest in nearly a month and world stocks held near 7-week lows Thursday, a day after a weak debt sale in Berlin fanned fears the euro zone debt crisis is starting to threaten its biggest > falling 115 ticks on the day to 134.66, the lowest since October 31.

Alibaba.com, China's largest e-commerce firm, posted an 11.9 percent rise in quarterly net profit, its slowest growth in nearly two years, with the company raising concerns due to a weak trade outlook stemming from debt woes in Europe and the United States.

Franco-Belgian bank Dexia is accessing emergency liquidity facilities in Belgium, France, Spain and Italy, a banking source said on Thursday, as analysts described its liquidity situation as very dramatic.

Alibaba.com, China's largest e-commerce firm, posted an 11.9 percent rise in quarterly net profit, its slowest growth in nearly two years.

Prospects for the $39 billion sale of Deutsche Telekom's T-Mobile USA unit to AT&T darkened after the U.S. telecoms giant said it would take a $4 billion charge in case of failure and the pair gave up on one avenue of regulatory approval.

Growth in China's factory output is likely to fall slightly to 12-13 percent in 2012 due to weakening global demand, the industry ministry said on Thursday, but that level probably still implies a comfortable GDP growth rate of 8-9 percent next year.

China has been forced into self-help mode after a series of international crises have hollowed out its export markets and left it feeling like the only man standing.

Knee-deep in foul-smelling water, workers are piling office equipment, documents and food onto fiber boats that ferry them from one building on Hana Microelectronics' 12-acre company site to another with more space on higher floors.

Former Olympus CEO Michael Woodford said on Thursday he was confident Japanese authorities would fully investigate an accounting scandal engulfing the disgraced camera maker, as he prepared for a showdown with the directors who sacked him.

Former Olympus CEO Michael Woodford said that after meeting with Tokyo police, prosecutors and regulators on Thursday he was confident they would do a thorough job in investigating an accounting scandal engulfing the disgraced camera maker.

A consortium led by private equity firm KKR & Co clinched a deal to buy oil and gas group Samson Investment Co for $7.2 billion, KKR said on Wednesday.

For weeks, Asian banks and businesses have seen their borrowing costs climb as cash-strapped European banks repatriate funds and cut back on loans, knowing full well this is merely a down-payment on a long and painful shrinking of funding markets.

Deutsche Telekom and AT&T withdrew their application for approval by the Federal Communications Commission of a planned $39 billion deal for T-Mobile USA to focus on obtaining the green light from the Department of Justice.

German government bond yields hit their highest in nearly a month on Thursday and world stocks held near 7-week lows as a weak debt sale the previous day fanned fears the euro zone debt crisis may finally begin to threaten its biggest economy.

Knee-deep in foul-smelling water, workers are piling office equipment, documents and food onto fiber boats that ferry them from one building on Hana Microelectronics' 12-acre company site to another with more space on higher floors.

In November 1986, shaken by traders' losses after a brokerage went bust, the U.S. futures industry considered, and then rejected, the notion of insuring customer funds in a broker default.

Japanese stocks hit a two-and-a-half-year low and the euro struggled on Thursday after a disappointing German bond sale raised alarm that Europe's ever-worsening sovereign debt crisis is starting to affect even the continent's economic powerhouse.

The euro fell to a six-week low against the yen on Thursday and Asian stocks were subdued after an unsuccessful German bond sale raised alarm that Europe's ever-worsening sovereign debt crisis is starting to affect even the continent's economic powerhouse.

It might be too soon for Justin Bieber to wash his hands off Mariah Yeater, whose lawyer insisted Wednesday that the crooner head to California to subject himself to a second paternity test after taking one a few days earlier to confront the allegation that he fathered her baby.

Former Olympus CEO Michael Woodford met on Thursday with Tokyo prosecutors, who are investigating an accounting scandal at the once venerable camera maker, a day before attending a board meeting for a showdown with the directors who fired him.

Brazil's government suspended Chevron Corp's drilling rights until Chevron clarifies the causes of an offshore oil spill, the latest twist in a political firestorm threatening the U.S. company's role in Brazil's oil bonanza.

A U.S. court has awarded $920.3 million in damages to Wilmington, Delaware-based chemical giant DuPont (NYSE:DD) after ruling that South Korea's Kolon Industries Inc. had violated trade secrets relating to DuPont's Kevlar fiber, Reuters reported Nov. 23.

The leaders of France and Germany will voice their support for new Italian Prime Minister Mario Monti at a tripartite meeting on Thursday, seeking to stem the risk of the debt crisis gripping the heart of the euro zone.

Former Olympus Corp CEO Michael Woodford was set on Thursday to meet Tokyo police who are investigating an accounting scandal at the company, a day before attending a board meeting for a showdown with the directors who fired him.

JetBlue Airways Corp won an auction for eight new takeoff and landing slots at both LaGuardia in New York and Reagan National in Washington, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Authorities have yet to file charges after the accident that killed Stanley Case from CNN Radio, The Associated Press reported Wednesday. Case was 59. His car was involved in a head-on collision with a truck that crossed a median in the rain Tuesday.