IBT Staff Reporter

Smurfit-Stone Container Corp said its Chief Executive Patrick Moore has told the board that he plans to retire within one year following the company's exit from bankruptcy.

In a move seen as a precursor to an initial public offering for Glencore International AG, a group of institutional investors will invest about $2.2 billion into the Swiss commodity trader, the Wall Street Journal said, citing people familiar with the situation.

Consumer spending rose for a second straight month in November as incomes recorded their biggest gain in six months, but a surprise drop in new home sales was a reminder that the economic recovery would be bumpy.

New York's famed restaurant and celebration spot Tavern on the Green has asked a bankruptcy court to approve the sale of its tableware and art, including Tiffany stained glass, murals and etched mirrors, at a mid-January auction.

Dear newspapers: Happy holidays. Love, Wall Street.

An acupuncture session may bring some itch relief to people with the allergic skin condition known as atopic eczema, a preliminary study suggests.

Canadian fertilizer maker Agrium Inc (AGU.TO), which is attempting a hostile takeover of rival CF Industries (CF.N), has won U.S. antitrust approval of the proposed transaction after agreeing to sell two plants, the Federal Trade Commission said on Wednesday.

Chinese Internet firms are eyeing more spin-off offerings after raising nearly $1.5 billion this year as they bank on strong foreign interest in high growth China plays.

High levels of a compound called C-reactive protein may be a sign of a future risk for heart attacks, stroke and cancer, though it does not seem to be a cause, researchers said on Tuesday.

The H1N1 flu pandemic is moderate but infects and sometimes kills much younger people than traditional seasonal influenza, the World Health Organization (WHO) said on Tuesday.

The Dow and S&P indexes fell on Wednesday, threatening to break a three-day run-up, after data showed new home sales fell unexpectedly in November.

Calcium supplements won't help men cut cholesterol or trim fat, but they could help those who don't get enough calcium in their diet to keep their blood pressure under control, new research shows.

Suffering from acute pancreatitis but not sure where to go? You may want to head to a hospital that handles a lot of similar cases.

Being overweight or obese boosts a teenager's risk of developing the nighttime breathing disorder obstructive sleep apnea, new study findings hint.

Diabetes may lower the heart-protective benefits of high-density lipoprotein, or HDL, the so-called good cholesterol, but giving diabetics niacin, a drug that raises HDL levels, might restore the benefit, researchers said on Tuesday.

New York City urged New York state on Wednesday to ban natural gas drilling in its watershed, adding unprecedented support to critics who consider the chemicals used to mine for shale gas as poisonous to drinking water.

Americans who were worried about the safety of the swine flu vaccine are still worried and it may not be easy to convince them to get themselves or their children vaccinated, researchers said on Tuesday.

Demand for voluntary carbon offsets declined in December, traditionally one of the market's busiest months, as a slow year meant retailers did not face the usual scramble to square their books, market players said.

The Dow industrials and the S&P 500 index turned negative after a report showed sales of newly built U.S. single-family homes unexpectedly fell to their lowest level in seven months in November, shaking confidence in recent signs of stabilization in the housing market.

Britain's universities are being given an uncomfortable reminder of the depth of the recession as the government slashes their budgets and urges them to focus on degrees that will directly benefit the economy.

Swiss food giant Nestle made misleading claims about the health benefits of some children's beverages, U.S. regulators said in letters released on Tuesday.

PHILADELPHIA - The boom in shale natural gas drilling has raised hopes the United States will be able to rely on the cleaner-burning fuel to meet future energy needs. But concerns about its impact on water quality could slow the industry's ability to tap this bountiful resource.

Aerosmith's lead singer, Steve Tyler, has entered rehab for painkiller addiction treatment, BBC reported.

Research In Motion said its BlackBerry's e-mail service in North America has been restored for some users Wednesday morning after its suffered its second outage in less than a week.

Lonely this Christmas? Spare a thought for Beijing's billionaires.

The boom in shale natural gas drilling has raised hopes the United States will be able to rely on the cleaner-burning fuel to meet future energy needs, but concerns about its impact on water quality could slow the industry's ability to tap this bountiful resource.

Consumer spending rose for a second straight month in November as incomes recorded their biggest gain in six months, data showed on Wednesday, boosting hopes of a self-sustaining economic recovery.

BP has discovered a leak in an oil pipeline from one well at the giant Prudhoe Bay field, the third pipeline leak reported by the oil major over the past month on Alaska's North Slope.

North and South American users of Research in Motion Ltd's BlackBerry smartphone suffered widespread delays in message services on Tuesday, just a week after another outage struck the popular corporate network.