IBT Staff Reporter

General Electric Co posted quarterly results that blew past Wall Street's expectations, joining a wave of better-than-expected profit in the U.S. manufacturing sector.

General Electric Co posted quarterly results that blew past Wall Street's expectations on Thursday, joining a wave of better-than-expected earnings in the U.S. manufacturing sector.

In a two-page letter sent to Apple CEO Steve Jobs, Franken discusses what he calls the worrisome existence of the iPhone's and iPad's extensive location data.

The number of Americans filing new claims for unemployment benefits fell last week but held above the key 400,000 level, hinting at some loss of momentum in the labor market recovery.

Morgan Stanley's first-quarter profit dropped nearly 50 percent, hurt by a steep decline in bond trading revenue.

BP Plc has filed for damages totaling more than $80 billion from Halliburton and Transocean a year after the Gulf of Mexico rig explosion that killed 11 workers and spewed millions of barrels of oil into the sea.

General Electric Co posted an 80 percent surge in first-quarter profit, blowing past Wall Street forecasts and joining a wave of better-than-expected earnings from U.S. manufacturers.

McDonald's Corp reported a higher-than-expected quarterly profit on Thursday as the world's largest restaurant company posted March sales in all regions that topped analyst expectations.

The bassist and keyboard player of the Brooklyn-based band TV on the Radio, Gerard Smith, has died of lung cancer. He was 36.

Apple Inc's results smashed Wall Street's expectations after iPhone and Mac sales scaled new heights while iPad supplies could not keep up with roaring global demand.

Verizon Communications Inc posted strong first-quarter growth in wireless subscribers helped by sales of the Apple Inc iPhone.

Stock index futures rose on Thursday, putting the S&P 500 on track for its first weekly gain in the last three, as strong corporate earnings and outlooks generated optimism about the economic recovery.

A Morgan Stanley securities joint venture in Japan with Mitsubishi UFJ Financial Group <8306.T> said it will lose nearly $2 billion after its fixed income traders took market positions which were larger than its financial fitness and then made wrong bets.

A Japanese securities joint venture between Mitsubishi UFJ Financial Group <8306.T> and Morgan Stanley said it will report a net loss of 145 billion yen ($1.7 billion) for the year ended March due to trading losses.

General Electric Co posted quarterly results that blew past Wall Street expectations, joining a wave of better-than-expected earnings in the U.S. manufacturing sector.

Britain is probing investment banks over insurer Prudential Plc's failed $35.5 billion bid for rival AIG's Asian business AIA <1299.HK> last year, two people familiar with the matter said.

On the one-year anniversary of the Gulf oil spill, BP Plc is facing challenges to its effort to contain another kind of disaster: mass litigation.

Apple iPhone and iPad secretly records a user's whereabouts o the device in unencrypted format making it accessible to other users and programs running on the machine.

Japan's Sharp Corp said on Thursday it would start production of small display panels for use in smartphones at an existing TV panel plant this year, but declined to comment on prospects for an additional line at a disused factory.

Some celebrate a political candidate’s victory with a party, while others choose porn, finds a new study.

Nokia investors concerned about dwindling market share are anxious for better news on the tie-up with Microsoft and details of cost cuts when the handset maker posts quarterly figures on Thursday.

NEW YORK Stock index futures pointed a higher open for Wall Street on Thursday, adding to hefty gains from the previous session, boosted by growing optimism about strong corporate earnings.

Fiat SpA will pay $1.27 billion euros for an additional 16 percent stake in automaker Chrysler this quarter, raising its stake to 46 percent in a deal that was faster and cheaper than expected.

Japan's economy will slow significantly this year after last month's devastating earthquake and tsunami, with the government needing to cut spending from other programs to rebuild the country's battered northeast coast and to ensure faster growth next year, the OECD said on Thursday.

Italian automaker Fiat SpA has agreed to pay $1.27 billion for another 16 percent stake in peer Chrysler this quarter, the Italian automaker said on Thursday, in a deal that was faster and cheaper than expected.

The U.S. Food and Drug Administration (FDA) said on Wednesday it issued four warning letters to companies that manufacture and market over-the-counter (OTC) drug products, including hand sanitizers, that claim to prevent infection from methicillin-resistant Staphylococcus aureus bacteria (MRSA).

Ahead of the big May 7 WBO welterweight fight against American Shane Mosley, take a look at many facets of Filipino boxer Manny Pacquiao. Beyond the boxing ring, he is an actor, singer, family man, and politician.

President Barack Obama sought to reignite the youthful energy that propelled his 2008 election Wednesday with a campaign-style visit to the nexus of social communications, Facebook.

A report from German scientists has refuelled apprehensions over the carcinogenic implications of energy saving devices, bulbs in particular.