IBT Staff Reporter

After his fourth chance to repent and convert to Islam, Iranian Pastor Youcel Nadarkhani could face the death penalty this week.

Burger and ice cream chain Friendly's is close to filing for bankruptcy and may try to sell itself at auction, the Wall Street Journal reported on Thursday.

Burger and ice cream chain Friendly's is close to filing for bankruptcy and may try to sell itself at auction, the Wall Street Journal reported on Thursday.

Japanese factory output rose less than expected in August, in a sign that companies were feeling the pinch from a strong yen and faltering global demand and the economy's swift rebound from the March 11 earthquake and tsunami was tailing off.

Bain Capital and Carlyle Group are among three private equity firms bidding for auto parts supplier TI Automotive in an auction that could fetch around $1.5 billion, people familiar with the matter said.

Japanese factory output rose less than expected in August, in a sign that companies were feeling the pinch from a strong yen and faltering global demand and the economy's swift rebound from the March 11 earthquake and tsunami was tailing off.

An Australian pension fund group has called on its members to vote to remove several News Corporation board members, including James and Lachlan Murdoch, in order to ensure the independence of the board.

The board of Greek gambling company OPAP gave initial approval on Thursday for the firm to pay 935 million euros ($1.27 billion) to the government to extend its monopoly and buy a new videolotto license, an OPAP official told Reuters.

LOS ANGELES (TheWrap.com) - The latest high-profile celebrity trial has celeb watchers everywhere tuned in on TV and the Interwebs, and now, of course, there's a cell phone app to make sure people don't miss a minute of coverage of the Conrad Murray trial.

World stock markets will recover next year from a nightmarish 2011 that has wiped trillions of dollars off share prices, according to a Reuters poll that showed almost all major stock indexes ending 2011 in the red.

Victims of Bernard Madoff's Ponzi scheme might recover as much as $6.2 billion less than previously estimated if a recent court decision involving owners of New York Mets baseball team remains the law.

Hewlett Packard Co will pay fired CEO Leo Apotheker nearly $10 million in severance and bonuses, a handsome payout for a much-criticized leader that dwarfs new chief Meg Whitman's $1-a-year base salary.

Bank of America will charge debit-card users $5 a month in response to new federal regulations that could cost the company up to $2 billion in annual revenue, it announced on Thursday.

The chances of the U.S. economy averting a new recession got a boost on Thursday with claims for jobless benefits falling to a five-month low last week and growth a touch stronger in the second quarter than previously estimated.

Canada will reintroduce copyright legislation on Thursday as it grapples with the realities of the Internet age and tries to balance the demands of consumers with concerns from the movie industry.

Raymond James Financial Inc will pay more than $2.1 million to resolve claims by brokerage watchdog FINRA that the regional brokerage charged excessive commissions on trades to nearly 16,000 accounts, FINRA announced on Thursday.

September U.S. auto sales are seen rising to their highest since April when the earthquake in Japan began to impact inventory and demand, but a weak economic outlook will curb the pace of the industry's recovery in the coming months.

Stocks mostly rose in a volatile session on Thursday as stronger-than-expected economic data and German approval of a beefed-up euro-zone crisis fund relieved two of the worst fears hanging over the market.

Kik Interactive, an instant messaging service startup against which Research In Motion launched a lawsuit last year, is testing a new version of software that can be used on RIM's BlackBerry smartphones, Kik's founder said on Thursday.

Kraft Foods boss Irene Rosenfeld is the most powerful woman in U.S. business, Fortune magazine said on Thursday, bumping PepsiCo Inc chief Indra Nooyi into second spot after five years on top.

Oracle and Autonomy escalated their war of words on Thursday, sparring publicly over whether the British software firm had ever been shopped to the U.S. technology giant.

Ben Bernanke put markets on notice this week: Despite already having spent trillions of dollars to stimulate growth, the Federal Reserve would do more if inflation falls too far and the threat of deflation grows.

Executives in charge of developer relations and business outreach at Research In Motion have left the company, the latest in a string of departures this year as the BlackBerry maker trims its workforce.

A war of words between Oracle and Autonomy escalated on Thursday when dealmaker Frank Quattrone and Autonomy chief Mike Lynch disputed the U.S. software giant's claims about the nature of a meeting all three parties attended in April.

The trustee for victims of Bernard Madoff's Ponzi scheme delayed an initial distribution of $272 million scheduled for September 30 to former Madoff customers with valid claims, citing a recent court decision involving owners of the New York Mets baseball team.

A court ruling striking down the Department of Defense's Don't Ask Don't Tell policy must be declared moot, the Ninth Circuit Court of Appeals ruled. Thursday.

Listeria-based illnesses that first spread in early September linked to tainted cantaloupes are already being called the deadliest outbreak in over ten years will likely rise higher in the next month, health officials said on Wednesday.

Stocks mostly rose in a volatile session on Thursday as stronger-than-expected economic data and German approval of a beefed-up Eurozone crisis fund relieved two of the worst fears hanging over the market.

Liz Claiborne Inc on Thursday won the dismissal of a shareholder lawsuit accusing the clothing designer of fraudulently misrepresenting its relationships with department store chains Macy's Inc and J.C. Penney Co , causing its stock to fall.