IBT Staff Reporter

Stocks rallied for a second day on Thursday as Greece backed away from a proposed referendum that threatened its membership in the euro, which could destabilize global markets.

Stocks rallied for a second day on Thursday as Greece backed away from a proposed referendum that threatened its membership in the euro, which could destabilize global markets.

The government of Switzerland has proposed a multibillion-dollar settlement with U.S. authorities over allegations that it helped wealthy Americans avoid billions of dollars in U.S. taxes, according to sources briefed on the matter.

Michael Jackson paid with his life for the criminal negligence of his personal doctor that also left the pop singer's three children without a father, prosecutors told a Los Angeles jury on Thursday.

Groupon Inc is set to price one of the year's most closely watched initial public offerings late Thursday, to strong demand for the scaled-back stock market debut of the largest daily deal company.

The new Modern Warfare offers some very familiar gameplay mechanics with perks but adds in Strike Packages and a new mode: Kill Confirmed.

Eastman Kodak Co spooked investors on Thursday by warning it may need to raise new debt or complete a multibillion-dollar patent sale to survive the next 12 months, sinking shares by as much as 11.7 percent.

First out October 24th, Walter Isaacson's biography on Steve Jobs has quickly climbed its way to the top as an instant best-seller.

Hackers used a server in Belgium to collect data stolen from machines infected with the Duqu computer virus, after authorities shut down another rogue collection system in India, according to security experts.

Jefferies, responding to its plunging shares and growing fear over its stability, said it had no meaningful net exposure to European sovereign debt and that it was, in fact, positioned to profit should credit quality there deteriorate further.

The early move by Transocean Ltd into deepwater drilling is now translating into relatively higher costs for the industry leader as its rigs need to meet tougher regulatory standards for equipment.

Wisconsin Governor Scott Walker's scheduled speech in Chicago was disrupted by the Occupy Chicago protesters Thursday.

China and Russia are using cyber espionage to steal U.S. trade and technology secrets to bolster their own economic development, which poses a threat to U.S. prosperity and security, a U.S. intelligence report said on Thursday.

The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move on Thursday and President Mario Draghi said the euro zone could subside into a mild recession in the latter part of 2011.

Sales at major U.S. retailers rose in October but not as much as Wall Street analysts had thought, showing that consumers are still anxious about the state of the economy as they begin their holiday shopping.

One of the two former National Restaurant Association employees who filed sexual harassment complaints against Herman Cain received a $45,000 settlement, substantially more than the two or three months' pay Cain recalled, Politico reported on Thursday.

Bank of America Corp , which earlier this week canceled plans to charge a $5 monthly fee to use a debit card after loud protests, was not sure how to implement the plan and disclosed it only in an effort to be transparent with customers, a bank executive said.

Justin Bieber's paternity suit is throwing loyal Beliebers into madness, as a 20-year-old woman claimed that Bieber fathered her 3-month-old son.Mariah Yeater from California, who filed a paternity lawsuit against Bieber on Monday, has received numerous death threats by the Baby singer's fans.

Online travel agency Orbitz Worldwide Inc reported better-than-expected quarterly results, helped by growth in its non-air revenue, and raised its full-year revenue outlook, sending its shares up as much as 36 percent.

Hackers have been using a server in Belgium to collect data stolen from machines infected with the Duqu computer virus, after authorities shut down another rogue collection system in India, according to security experts.

If Greece decided to leave the euro, it would also have to quit the European Union, according to the terms of the EU's treaties, the European Commission said on Thursday.

Phoenix Jones, the Seattle superhero, loses job following his arrest last month.

The IMF said on Thursday it backs the European Central Bank's interest rate cut and its aid to Greece is tied to the country, rather than a specific government, and would continue as long as its terms were met.

CVS Caremark Corp posted a bigger-than-expected rise in quarterly profit on Thursday as its pharmacy benefits business improved, and it expects this year's profit to be at the higher end of its prior forecast.

Mortgage finance giant Freddie Mac said on Thursday it will seek an additional $6 billion from U.S. taxpayers following its worst quarterly loss this year.

Amazon's new Kindle Owner's Lending Library will let Amazon Prime members borrow e-books on their Kindle devices.

State governments across the United States are just a few months into their fiscal years and already many fear that tax revenues are running short of forecasts.

Michele Bachmann is calling for the repeal of parts of President Lyndon B. Johnson's Great Society, including the extremely popular Medicare and Medicaid programs.

DirecTV's net income boomed in the third quarter after adding on a significant number of subscribers in both Latin America and the United States.