IBT Staff Reporter

Canada's fifth-largest independent oil producer, warned that full-year production would miss its own expectations, and reported a drop of almost two-thirds in quarterly profit on lower production rates at some assets.

U.S. economic growth increased at its fastest in a year in the third quarter as consumers and businesses set aside fears about the recovery and stepped up spending, creating momentum that could carry into the final three months of the year.

Japan's Olympus Corp on Thursday stuck to its defense of the deals that have come under fire since it axed its British CEO in a bitter boardroom battle, but the Tokyo Stock Exchange warned that investors might not be convinced.

Prime Minister Stephen Harper on Thursday said he was encouraged by the deal agreed by euro zone leaders, calling Europe's economic crisis the most immediate and imminent threat to global recovery.

British singer Amy Winehouse had more than five times the legal driving limit of alcohol in her blood when she died on July 23 aged 27, British media reported on Wednesday.

Stock index futures rose sharply on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with private banks and insurers to accept 50 percent losses on Greek bonds.

Euro zone leaders struck a last-minute deal to limit the damage from the currency bloc's debt crisis early on Thursday but are still far from finalizing plans to slash Greece's debt burden and strengthen their rescue fund.

Bank of Canada painted a darker picture of the domestic economy on Wednesday, warning of risks from a likely recession in Europe and continuing weakness in the United States.

Social networking site Facebook is to build its first data center outside the United States in the northern Swedish town of Lulea, awarding an initial construction contract of $121 million, the companies said on Thursday.

Sony Corp is to take over its mobile phone joint venture with Ericsson for 1.05 billion euros ($1.5 billion), as it seeks to exploit its music and video to help it catch smartphone leaders such as Apple Inc.

Economic growth likely gathered steam in the third quarter as consumers and businesses set aside fears and stepped up spending, creating momentum that is expected to carry into the final three months of the year.

The traits banks tend to look for when hiring new traders are the very same ones likely to make them go rogue, industry insiders and psychologists say.

Dow Chemical narrowly missed Wall Street's quarterly profit expectations as cost increases dented demand in Europe and North America.

The euro and stocks rallied on Thursday after European leaders struck a deal to provide debt relief for Greece, but analysts warned the plan would fail to halt the euro zone's two-year-old debt crisis unless crucial details were resolved soon.

Procter & Gamble Co posted a slight dip in quarterly profit that was in line with expectations as the world's largest household products maker raised prices and notched sales gains in each unit.

Stock index futures rose sharply on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with private banks and insurers to accept 50 percent losses on Greek bonds.

Stock index futures rose sharply on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with private banks and insurers to accept 50 percent losses on Greek bonds.

Economic growth likely gathered steam in the third quarter as consumers and businesses set aside fears and stepped up spending, creating momentum that is expected to carry into the final three months of the year.

Asian chipmakers, including the world's top contract chipmaker TSMC, reported sharply worsened quarterly earnings and braced for another uncertain quarter as a weak global economy hits demand for computers, though roaring growth of smartphones and tablets offered a bright spot.

Procter & Gamble Co posted a slight dip in quarterly profit that was in line with expectations as the world's largest household products maker raised prices and notched sales gains in each unit.

In the spring of 1999, Michel Pebereau, chief executive of Banque Nationale de Paris , gathered a dozen of his top bankers to propose an audacious plan to buy not one, but two rivals and create a French national champion.

Daimler and Volkswagen reinforced the gloomy outlook for Europe's vehicle industry on Thursday, revealing weak sales of premium cars and downbeat demand outlooks that overshadowed some robust truck sales data.

Daimler and Volkswagen reinforced the gloomy outlook for Europe's vehicle industry on Thursday, revealing weak sales of premium cars and downbeat demand outlooks that overshadowed some robust truck sales data.

Mississippi is considering a constitutional amendment that would effectively ban all abortions, in the most direct state challenge yet to the Roe v. Wade precedent.

Nintendo Co Ltd said on Thursday it would make its first ever annual net loss this financial year, cutting earnings guidance for a second time as the soaring yen and weak software sales dealt fresh blows to the former games industry champion.

China is considering a proposal to set up a regional bank to help its small and medium enterprises invest in Southeast Asian neighbors, fund infrastructure projects and promote development in southwestern China, two independent sources said.

Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures rising 1.5 to 1.8 percent at 5:05 a.m. EDT.

Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500, Dow Jones futures and Nasdaq 100 futures rising 1.5 to 1.8 percent at 5:05 a.m. EDT.

The Bank of Japan eased monetary policy on Thursday by boosting purchases of government bonds and warned of risks posed by a strong yen and Europe's debt crisis in a sign it would act again if recovery in the world's third-largest economy falters.