IBT Staff Reporter

Ranbaxy Laboratories Ltd, India's top drugmaker, said on Thursday its chief financial officer had resigned, the third top official to quit after Japan's Daiichi Sankyo took majority control.

U.S. owner of warehouses and distribution centers ProLogis said late on Wednesday it is in merger talks with rival AMB Property Corp .

The U.S. dollar held near 2-1/2 month lows on Thursday, while commodity prices and Asian stocks rose after U.S. Federal Reserve policymakers voted unanimously to maintain a $600 billion bond-buying plan to fuel an economic recovery.

Motorola Mobility Holdings Inc is already feeling pressure from the next Apple Inc iPhone and forecast a steeper than usual drop in sales this quarter as a result, sending its shares down 6.8 percent.

Netflix Inc. reported blockbuster profit and signed up another 3 million subscribers in the fourth quarter, making clear why the movie rental company worries competitors and delights investors.

World stocks and crude oil gained on Wednesday, shrugging off a lukewarm outlook from the Federal Reserve, as investors latched onto the growth prospects of U.S. President Barack Obama's pledge to trim spending.

Japan's annual export growth picked up more strongly than expected in December as shipments to China jumped to a record high and auto demand in the United States recovered, reinforcing views that the economy will soon emerge from a lull.

Europe's drive to cut drug prices as well as U.S. healthcare reforms are likely to dampen global pharmaceutical companies' growth outlooks for 2011.

Actress Sarah Michelle Gellar, mostly known for her role in 'Buffy theVampire Slayer,' is set to star in upcoming CBS show called 'Ringer' which has been given the green light by CBS.

74% of recruiters view it as an important tool for sourcing candidates.

Democratic congressman Dennis Kucinich (Ohio) is suing a congressional cafeteria for significant dental injuries caused by biting olive pitin a swandwich wrap he ate in 2008.

Netflix Inc., the movie rental service, reported better-than-expected quarterly profit, fueled by rapid subscriber growth that shows no sign of letting up this year.

The U.S. dollar slipped on Thursday to 11-week lows, while commodity prices and Asian stocks rose after U.S. Federal Reserve policymakers voted unanimously to maintain a $600 billion bond-buying plan to fuel an economic recovery.

Qualcomm Inc raised its forecasts for second-quarter and 2011 revenue as sales of its chips for wireless devices accelerate in China and India, and its shares rose 6 percent.

Starbucks Corp, the world's largest coffee chain, expects rising coffee prices to hit profits more than it previously thought but stressed that it would not raise prices to cover the extra expense.

NASA TV will stream live coverage of a supply shipment arrival to the International Space Station research facility on Saturday.

Motorola Mobility Holdings Inc posted a profit for the fourth quarter, but its shares fell almost 4 percent after it warned it would revert to a loss again in the current quarter, as it faces new competition from the Apple Inc iPhone.

Sales of U.S. new homes raced to their highest level in eight months in December, but gains were driven by a surge in the West that economists were reluctant to call a sign of the market's recovery.

Analysts have downgraded WWE stock due to poor earnings

Gold rose on Wednesday, snapping a four-day losing streak, after the Federal Reserve's lukewarm economic assessment and its plan to complete its bond-buying program boosted bullion's safe-haven appeal.

U.S. short-term interest rate futures traders pared bets that the Federal Reserve will start raising rates this year after the central bank left rates near zero and reiterated its promise to keep them there for an extended period.

Facebook is aware of reports of disruption to its service in Egypt but said it had not seen any major changes in traffic from the Middle Eastern country, while Twitter said its service was being blocked for the second consecutive day.

Some Verizon Wireless customers using BlackBerrys have been limited to making voice calls on Research In Motion's smartphone for as long as a week, but Verizon said on Wednesday the issue was fully resolved.

Billionaire investor George Soros said on Wednesday European governments will have to cut services to bring down deficits, but the crisis has calmed.

The internet has become a venue for battles between the Egyptian government and protesters, through social networking sites such as Facebook and the home pages of groups such as Anonymous.

Sales of new homes raced to their highest level in eight months in December, but gains were driven by a surge in the West that economists were reluctant to call a sign of a recovery in the market.

Sales of new homes raced to their highest level in eight months in December, but gains were driven by a surge in the West that economists were reluctant to call a sign of a recovery in the market.

Singer Jimmy Buffett has been released from a Sydney hospital on Wednesday after suffering a head injury the previous day, according to a statement from his official website.

The U.S. Federal Reserve gave a lukewarm economic assessment on Wednesday despite recent signs the recovery was strengthening, saying high unemployment still justified its $600 billion bond-buying program.