IBT Staff Reporter

79351-79380 (out of 154954)

4 Reasons Why Obama Dropped Defense of Marriage Law (PHOTOS)

Emboldened by the pending repeal of the Don't Ask Don't Tell law, President Barack Obama, and his top legal official, have concluded that in two pending cases, the Administration will not defend a federal law that defines marriage as being the union between one man and one woman.

Food prices could reach 2008 level: USDA

U.S. consumers could see food costs spiking to levels seen during the food crisis of 2008 as higher commodity and energy prices force companies to raise prices on products lining grocery store shelves, the Agriculture Department said on Thursday.

Dow, S&P fall for third day, but rebound off lows

The Dow and S&P slumped for a third straight day on Thursday as investors continued to fret about the economic impact of continued violence in Libya and oil prices, though gains in Priceline kept the Nasdaq in positive territory.

GM shares at post-IPO low, oil risk trumps profit

General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares fell below their IPO price as investor concerns shifted to the pressure from rising oil prices and higher costs of launching and selling new cars.

New home sales drop 12.6 percent in January

New U.S. single-family home sales fell more than expected in January, a government report showed on Thursday, pulled down by a plunge in activity in the country's West as a homebuyer state tax credit in California ended.

Boeing, Airbus brace for tanker decision

The U.S. Air Force prepared on Thursday to announce the winner of an epic $35 billion procurement battle between Boeing and Airbus over 179 aerial refueling planes, its third attempt to start replacing a fleet of planes built before humans first landed on the moon.

GM posts profit, shares under pressure

General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares dipped below its IPO price as investor concerns shifted to the pressure ahead from rising oil prices and other costs.

Battles rage as rebels seize Libyan towns

Forces loyal to Muammar Gaddafi launched a counter-attack on Thursday, fighting fierce gun battles with rebels who have threatened the Libyan leader by seizing important towns close to the capital.

Newmont profit up but sees gold, copper output off

Newmont Mining Corp's (NEM.N) fourth-quarter profit rose sharply, beating Wall Street estimates, and the company increased its gold reserves by 2 percent. The world's No. 2 gold producer said on Thursday that net earnings were $812 million, or $1.61 per share, compared with $558 million, or $1.13 per share, in the same quarter of 2009.

Twin daughter of Malcolm X denied bail in identity theft case

Malikah Shabazz, one of the children of slain civil rights leader Malcolm X, has been denied bail by a North Carolina court in connection with grand larceny, forgery and identity theft and could face trial in New York City where warrants have been issued against her.

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