IBT Staff Reporter

U.S. jobless claims jumped unexpectedly last week to their highest level since October, suggesting the labor market is still in a rut despite signs of improvement in the economy.

Jan 13, 2011

U.S. stock index futures pointed to a slightly lower open on Thursday as the number of first-time claims for jobless benefits rose unexpectedly, highlighting the bumpy ride for employment as economic growth picks up.

Jan 13, 2011

Spain and Italy staged successful bond sales on Thursday, buying European leaders a little time to come up with a new package of measures to stem the debt crisis rocking their 12-year old single currency bloc.

Jan 13, 2011

An innovative course at the School of Information at UC Berkeley help students turn social entrepreneurs and make a real difference

Jan 13, 2011

Economic growth in the world's wealthier nations is still too slow to create enough jobs for the tens of millions who lost their during the worst global recession since World War Two, the World Bank said on Wednesday.

Jan 13, 2011

The new show, 'Off the Map', even though an amalgamation of other medical dramas like 'Private Practice', 'Grey's Anatomy' and 'ER', will have a different setting - the jungles of South Americas - hence making the drama more outdoorsy

Jan 13, 2011

Banks will meet in New York City Thursday to make their case for the right to sell the U.S. Treasury's stake in American International Group, three people familiar with the matter said Wednesday.

Jan 13, 2011

U.S. stock index futures traded flat on Thursday, coming off a broad rally in the previous session, as investors looked ahead to labor market data and results from Intel, the first major technology company to report earnings.

Jan 13, 2011

Spain followed Portugal with a successful debt sale on Thursday and investors showed growing confidence that governments would agree bold new measures to stem the euro zone's debt crisis.

Jan 13, 2011

Kohlberg Kravis Roberts & Co is potentially interested in Sara Lee and could possibly partner with an interested party as bidders emerge for the food group, two sources familiar with the situation said on Wednesday.

Jan 13, 2011

U.S. stock index futures were little changed on Thursday, coming off a broad rally in the previous session, as investors looked ahead to labor market data and results from Intel, the first major technology company to report.

Jan 13, 2011

Microsoft did not launch anything path-breaking at CES 2011, apart from confirming plans to craft its Windows OS specifically for the ARM chip design. However, a slew of tablets running on Windows 7 were launched at the event.

Jan 13, 2011

India’s second biggest software services company Infosys Technologies Ltd on Thursday said its attrition rate for the October-December quarter has shot up on an annualized basis, but that it had added 5,311 employees to take its total headcount to 127,779.

Jan 13, 2011

India’s second biggest software services company Infosys Technologies Ltd reported a 14 percent rise in its third-quarter net profit missing analysts expectations, sending its shares down by more than 4 percent.

Jan 13, 2011

'Human Target' on Fox did not get enough viewership this season and may face the axe

Jan 13, 2011

South Korea raised interest rates on Thursday, surprising markets, and unveiled a set of measures to contain mounting inflation as policymakers around the world battle surging prices of food and other commodities.

Jan 13, 2011

Industrial production continues to remain below expectations in the U.K., hurt by weakness in the oil and gas extraction sector.

Jan 13, 2011

Sarah Palin, Republican known for fiery statements, has landed in another controversy for using blood libel while defending herself against allegations on the Tuscon shooting. The row has shed light on the increasingly caustic political rhetoric.

Jan 13, 2011

BlackBerry-maker Research In Motion said on Thursday it had given a solution to India ahead of a January 31 target date for access to consumer services including BlackBerry Messenger, but reiterated that no changes can be made to the security system for corporate emails.

Jan 13, 2011

Spending on luxury goods by affluent Americans is forecast to grow by $28 billion in 2010, experts said on Wednesday, and the wealthy are happy despite most believing the United States is still in recession.

Jan 13, 2011

He was admitted to rehab after a session with Dr Phil to deal with his addiction and behavioral issues

Jan 13, 2011

Nothing justifies Belgium's bond yield spread widening and the country will not to dip into the European Financial Stability Fund, Prime Minister Yves Leterme said in remarks published on Thursday.

Jan 13, 2011

To give thanks to a powerful god for blessing him with a longed-for daughter, Sharma Muthu will skewer his tongue with a spear for Malaysia's largest Hindu festival.

Jan 13, 2011

Tata Steel, the world's No. 7 steelmaker, has received government approval to raise 11 billion rupees through issue of warrants to overseas investors, the Press Information bureau said in a statement on Thursday.

Jan 13, 2011

Floods and landslides devastated several mountain towns near Rio de Janeiro on Wednesday, killing at least 257 people as torrents of water and mud swept through the region, burying many families as they slept.

Jan 13, 2011

After Chinese President Hu Jintao and Barack Obama show the world smiles and handshakes next week, the wait will begin for the next of the feuds that have regularly sapped trust between the two powers.

Jan 13, 2011

U.S. stock index futures pointed to a slightly lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.15 percent, Dow Jones futures down 0.02 percent and Nasdaq 100 futures down 0.03 percent at 1:46 a.m. EST.

Jan 13, 2011

From academic profile to expectations in the interview, Ankur Kumar, Deputy Director of MBA Admissions at the Wharton School tells us what the School looks for in a candidate

Jan 13, 2011

Europe's second biggest electricals retailer Dixons Retail Plc on Thursday said its like-for-like sales for the 12-week period ended Jan 8, 2011, fell 2 percent as sales fell 1 percent in local currency due to adverse weather conditions in the run up to Christmas.

Jan 13, 2011