IBT Staff Reporter

Bristol-Myers Squibb reported a disappointing quarterly profit and forecast roughly flat earnings this year instead of the 3 percent growth Wall Street expected for the drugmaker.

A report by predicts that, fueled by offerings from emerging firms, shipments of entry-level smartphones will increase.

South Africa's rand firmed against the dollar on Thursday as the greenback lost a bit of ground while the bourse ended higher on mining shares' gains.

Weeks of unrest in Tunisia will hit economic growth, frighten away tourists and discourage foreign direct investment which could fall by up to a third this year, Fitch Ratings said on Thursday.

Libya has set up a $24-billion fund for investment and local development that will focus on providing housing for its rapidly growing population, the online Oea newspaper reported on Thursday.

A small but increasing flow of cocoa beans is being smuggled out of Ivory Coast as exporters halt shipments from the top grower due to a political crisis, sending global prices to one-year highs.

Africa should have a greater presence in the Group of 20 nations rather than be largely excluded and simply told how to run their economies, Botswana's central bank governor said on Thursday.

Protesters stormed police barricades in the Tunisian capital on Thursday and the government prepared to dismiss key loyalists of ousted leader Zine al-Abidine Ben Ali in the face of widespread public anger.

Egyptians torched a police post in the eastern city of Suez early on Thursday morning over the killing of protesters in anti-government demonstrations earlier in the week, a Reuters witness said.

Egyptian police fought protesters in two cities in eastern Egypt on Thursday and Nobel Peace Prize winner Mohamed ElBaradei headed back to the country to join demonstrators trying to oust President Hosni Mubarak.

AT&T Inc posted revenue that missed Wall Street estimates and its wireless subscriber growth was also slower than expected in its final quarter as the exclusive U.S. provider for the Apple Inc iPhone, sending shares down 3 percent.

HELSINKI, Jan 27 - The world's biggest cellphone maker Nokia warned of a grim start to 2011 after rivals ate even more of its market share, highlighting the scale of the turnaround task facing its new boss.

With the onset of the annual tax season in the United States, residents concerned about the status of their refund or their federal tax returns don't have to worry -- because there is an app for that.

Chinese group Lenovo, the world's No. 4 PC brand, is to invest $175 million in a joint venture with Japanese company NEC to sell PCs in Japan, it said, to help it outpace global market growth.

Lockheed Martin Corp reported a higher quarterly profit, as it had a gain from a business sale, and forecast 2011 earnings above current Wall Street estimates.

A judge in Houston, Tx. has found Allen Stanford, the alleged mastermind behind a $7 billion Ponzi scheme, is unfit to stand trial due to an addiction to pain medication.

Dow once again briefly surpassed 12,000 points as stocks rose slightly on strong earnings reports.

Only a handful of reporters were at Samsung's booth at the Consumer Electronics Show in Las Vegas earlier this month when Jay Y. Lee dropped by.

The U.S. federal government's budget in fiscal 2011 is expected to show a higher deficit than last year - nearly $1.5 trillion compared with nearly $1.3 trillion, according to a 10-year outlook report unveiled by Congressional Budget Office on Wednesday.

Standard & Poor's cut Japan's credit rating on Thursday for the first time since 2002, saying Tokyo had no plan to deal with its mounting debt, a warning that could rattle other heavily indebted rich countries.

Netflix Inc shares soared as high as 15 percent in morning trading as investors and analysts cheered the company's strong results.

Stock indexes held near 29-month highs on Thursday as buyers took their cues from companies reporting strong results, like Caterpillar, but the short-term technical picture suggested big gains are going to be hard to muster.

Time Warner Cable Inc posted a 22 percent rise in quarterly profit as it added more Internet customers and raised its dividend 20 percent.

General Motors Co has withdrawn its application for $14 billion in subsidized loans from the U.S. Department of Energy, saying it has the financial strength to fund investment in more fuel-efficient and electric vehicles on its own.

It’s only January and already the whole world knows what to get Rep. Michele Bachmann for Christmas – a history book, or two.

Sleepy's, as part of its new sleep campaign, is offering free pillows to 21 new House Representatives

AT&T Inc set a disappointing profit target after adding fewer wireless subscribers than expected in the fourth quarter, hinting at the troubles it may face once Verizon Wireless starts selling Apple Inc's iPhone.

A U.S. consulate employee foiled a robbery attempt and in the process shot and killed two men in eastern Pakistan.

Goldman Sachs allegedly received $2.9 billion in bailout money from American International Group, which in turn received it from the Federal government as part of the 2008 bailout package.