IBT Staff Reporter

Wall Street rallied for a second day on Thursday as concerns about Europe's sovereign debt crisis waned, forcing investors to reverse bearish bets on the market.

Global law firm Clifford Chance has denied the charges of discrimination slapped against it in a lawsuit filed by a former associate in connection with 2007 layoffs.

Scientists found a form of bacteria that can use arsenic in its DNA, and uses the arsenic to metabolize and grow.

The top Republican lawmaker on a key U.S. military oversight committee, while leaving open the possibility of eventually dropping his opposition to the repeal of the military's ban on openly gay and lesbian soldiers, said doing so at this time would be premature.

U.S. Federal Reserve Chairman Ben Bernanke will appear on the news program 60 minutes on Sunday, part of an effort by the central bank to step up its public communications.

Google Inc unveiled technology on Thursday it says will help build trust between rich and poor countries on projects designed to protect the world's tropical forests.

The FBI is debuting a free online tool that helps people help the government recover stolen works of art.

The Federal Reserve's controversial $600 billion bond buying program is subject to regular review and can be adjusted if needed, two Fed officials said on Thursday.

Global law firm Allen & Overy's leading project finance lawyer Catia Tomasetti is set to leave the firm and join Italian law firm Bonelli Erede Pappalardo early next year.

Fresh signs the U.S. economy has broken out of its summer soft patch emerged on Thursday as data showed a gauge of jobless benefits hit a new two-year low last week and pending home sales unexpectedly rose in October.

EBay Inc has acquired shopping engine Milo.com, underscoring the growing allure of local services even as fellow Internet giant Google ponders buying discount coupon site Groupon.

Estate executors or administrators in Oklahama have the power to access, administer or terminate the online social media accounts of the deceased, according to a new state law.

Two more lawmakers pledged on Thursday to support a plan to slash the U.S. budget deficit drawn up by the co-chairmen of a presidential commission, but the plan still faced long odds of moving to Congress.

The U.S. Senate has unanimously voted for lawyers to be exempted from the Federal Trade Commission's (FTC) Red Flags Rule, which seeks to curb identity theft among credit and financial regulatory agencies through costly and burdensome prevention and detection programs.

To promote health and prevent disease, the federal Department of Health and Human Services today unveiled its Healthy People 2020 website, setting out a national health agenda for the next ten years.

Research In Motion has bought Swedish design company The Astonishing Tribe as the BlackBerry maker seeks to enhance the look and functionality of its screens ahead of the launch of its PlayBook tablet.

Clearwire Corp plans to sell more than $1.1 billion in debt after months of negotiations to stave off a looming funding gap as it spends billions on building a new wireless network.

Pending home sales in the U.S. rose in October, contrary to expectations of a drop, according to a report by the National Association of Realtors.

Washington Mutual Inc defended on Thursday its plan to repay creditors, while an attorney for disgruntled shareholders attacked the proposal because it leaves them with nothing.

DirecTV Group expects to add significantly in excess of 200,000 net new subscribers in the United States in the current quarter, Chief Executive Mike White said on Thursday.

BlackBerry maker Research In Motion (RIM) has announced that it has acquired Swedish UI design company The Astonishing Tribe (TAT) to spruce up its PlayBook UI.

The European Central Bank (ECB) left the benchmark rates unchanged for the 19th straight month, and said it would extend its longer-term liquidity tenders into the first quarter of 2011

Merck & Co. Inc. said it agreed to acquire privately-held diabetes treatment developer SmartCells Inc. in a deal that could exceed $500 million.

The cloud computing market in India is expected to grow at a ccompounded annual growth rate of 40 per cent by 2014, IT research firm IDC on Thursday said.

Australian skipper Ricky Ponting confirmed that his struggling fast bowler, Mitchell Johnson, had been dropped the team to face England in the second Ashes test at Adelaide, on Friday.

Financial stocks led Wall Street higher on Thursday after the European Central Bank left in place a liquidity safety net for vulnerable banks.

Internet is now world’s single biggest source of information on every known and unknown subject and world’s largest mail order catalog with more than a billion people using it as of 2005 driven by growth of engine of dotcoms, dotnets and the legions of domain names becoming household words.

Motorola Mobility plans to launch a video streaming device next year to enable streaming of digital content to smartphones and tablets in their homes.

Barry Diller is stepping down as chief executive of IAC/InterActiveCorp, the company said, adding it had bought out one of its largest shareholders, John Malone's Liberty Media Corp.