IBT Staff Reporter

German Chancellor Angela Merkel bluntly rejected euro zone bonds as a solution to the currency area's sovereign debt crisis, saying on Thursday that collectivizing debts would not solve the problem.

The U.S. securities regulator is widening its probe into mortgage-bond deals that ushered in the financial crisis, and is pushing for a settlement of more than $200 million with Citigroup, the Wall Street Journal said, citing people familiar with the matter.

In recent months, a red-hot Swiss franc has made Switzerland an expensive place to buy a slice of pizza, let alone run a business. Swiss-based Roche, the world's biggest maker of cancer medicines, and its cross-town rival Novartis have felt the pain along with Switzerland's other exporters.

Apple is allegedly preparing a refresh of MacBook Pro in the late 2011, and possibly before the end of the month, according to sources.

Stock index futures rose on Thursday after three days of market gains as investors welcomed signs that European leaders are committed to keeping Greece afloat for now.

Global regulators have revised their rules so they can more easily track down commodity market abuses that cut across national borders.

HTC Bliss, the long-rumored Android phone designed for women, was allegedly renamed to HTC Rhyme, according to a newly leaked press shot.

Sony Corp has yet to secure the next generation of Capcom's popular Monster Hunter game for its new handheld games device, company executives said on Thursday, after the developer said it would offer the game on a rival gadget.

Naked pictures of Scarlett Johansson and Mila Kunis have appeared across the web today, after their phones got hacked.

Swiss bank UBS said a trader had lost it around $2 billion in unauthorised deals, and police in London arrested a man in connection with the case.

Stock index futures rose on Thursday after three days of market gains as investors welcomed signs that European leaders are committed to keeping Greece afloat for now.

Hewlett-Packard Co should reconsider its decision to dump its TouchPad tablet since the device could double the value of the PC division HP plans to spin off, technology research firm Canalys said in a note to clients.

German Chancellor Angela Merkel bluntly rejected euro zone bonds on Thursday as a solution to the currency area's sovereign debt crisis, saying that collectivizing debts would not solve the problem.

Research In Motion is set to report sharply lower earnings and revenue after markets close on Thursday, as a raft of new BlackBerry smartphones arrived only late in the quarter.

Billionaire investor George Soros has warned Europe's debt crisis risks triggering another Great Depression unless euro zone leaders adopt a series of radical policy measures, including the creation of a common treasury.

UBS said a rogue trader had lost it $2 billion in unauthorized dealing and police in London arrested a man in connection with the case.

Research In Motion is set to report sharply lower earnings and revenue after markets close on Thursday, as a raft of new BlackBerry smartphones arrived only late in the quarter.

UBS said a trader has lost about $2 billion in unauthorized dealing and warned it might post a loss in the third quarter, a huge blow as the Swiss bank struggles to rebuild its credibility after years of crises.

Apple’s upcoming operating system, iOS 5, which is going to power iPhone 5, iPad, iPad 2, iPhone 3GS, iPhone 4, iPod touch next generation boats certain features which are already available with the Android based devices.

German Chancellor Angela Merkel rejected joint euro zone bonds on Thursday as absolutely wrong and said restoring stability to the single currency bloc required a longer-term step-by-step approach.

General Motors Co and Chrysler Group LLC agreed to extend labor contracts with the United Auto Workers on Thursday as the union's negotiations failed to produce the expected breakthrough on pay for 113,000 autoworkers.

Stock index futures pointed to a higher open for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.3 to 0.5 percent.

Stock markets rose for a third day on Thursday and the euro steadied, helped by signs that euro zone leaders are committed to keeping Greece afloat for now.

World Bank President Robert Zoellick said on Wednesday the world had entered a new economic danger zone and Europe, Japan and the United States all needed to make hard decisions to avoid dragging down the global economy.

World Bank President Robert Zoellick said on Wednesday the world had entered a new economic danger zone and Europe, Japan and the United States all needed to make hard decisions to avoid dragging down the global economy.

So much for chastity in the world of the Twilight vampires.

Switzerland's UBS said on Thursday it had discovered unauthorized trading by a trader in its investment bank had caused a loss of some $2 billion.

Switzerland's UBS said on Thursday it had discovered unauthorized trading by a trader in its investment bank had caused a loss of some $2 billion.

India's food price index rose 9.47 percent and the fuel price index climbed 13.01 percent in the year to Sept. 3, government data on Thursday showed.