IBT Staff Reporter

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Hispanic population to reach 50 million

The Latino population of the United States will break 50 million for the first time, according to analysts. The official US Census Bureau demographics data will be released later today.

Teva, Procter & Gamble create OTC drug partnership

Procter & Gamble Co and generic drugmaker Teva Pharmaceutical Industries Ltd are joining forces to sell over-the-counter medicines as both companies try to expand their reach, particularly in developing markets.

Fitch cuts Portugal ratings on PM resignation

Fitch on Thursday cut Portugal's credit ratings by two notches, saying risks to the country's financing rose after parliament failed to pass fiscal austerity measures and the prime minister resigned.

Oil dips on profit-taking after recent rally

Oil prices dropped back on Thursday in a bout of profit-taking as investors paused after a hefty rally on supply worries amid the fighting in Libya and growing unrest in the Middle East.

Stocks to rise further despite crises overseas: poll

The U.S. Standard & Poor's 500 index will finish the year with double-digit gains, unfazed by Japan's nuclear crisis or unrest in the Middle East and North Africa, which is driving up oil prices, a Reuters poll found.

Store-brand food seen eating up market share

Grocery retailers' store-brand products are expected to double their share of the global packaged food market over the next 15 years to make up half the market, according to a report issued on Thursday.

U.S. Soldier in Alleged Afghan 'Kill Team' Gets 24 Years for Murders

Jeremy Morlock, a U.S. soldier who admitted to the murders of three Afghan civilians in 2009 and 2010 and struck a plea deal to testify against other soldiers in his unit also accused of crimes, was sentenced on Wednesday by a military judge to 24 years in prison, with the opportunity for parole within 7 years.

Oil up as French jet hits pro-Gaddafi plane

Brent crude oil prices edged back up on Thursday on news that a French fighter jet, part of a U.N. coalition enforcing a no-fly zone over Libya, had destroyed a Libyan war plane, raising more worries of a longer supply outage from the strife-torn North African nation.

Dutch TomTom says mapping unit not up for sale

Dutch navigation and digital map maker TomTom, which is struggling with competition from map offerings by Google and Nokia, is not looking to sell its mapping unit, denying a report it might consider a sale.

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