IBT Staff Reporter

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FedEx forecast disappoints; shares fall

FedEx Corp forecastprofit for the current quarter below analysts' expectations, casting doubt on the sustainability of its holiday volume surge and sending the package delivery giant's shares down more than 5 percent.

Antidepressants may have risks after menopause

Older women who take an antidepressant seem to have a small but noteworthy increased risk of stroke and death compared to older women not on an antidepressant medication, a new study shows.

Thailand still scarred five years after tsunami

Suvadee Sukkasem is still searching for her son who vanished when the Indian Ocean tsunami turned this tropical paradise into a mass grave for thousands of Thais and foreign vacationers nearly five years ago.

Jobless claims unexpectedly rose last week

The number of workers filing new applications for jobless insurance unexpectedly rose last week, bumped up by seasonal adjustments, according to government data on Thursday that still suggested the labor market was improving.

Flyglobespan collapse hits travellers

Around 4,500 passengers were stranded abroad on Thursday after the suspension of Scottish airline Flyglobespan, administrator PricewaterhouseCoopers said.

Dubai projects go ahead as officials visit U.S

As Dubai developers reassured the world their ambitious construction projects would go ahead, officials from the emirate were expected in New York to shore up confidence after a debt landslide threatened its top companies.

What green CEOs want from Copenhagen

Business leaders are watching Copenhagen climate talks, which might launch new, bigger carbon markets and help drive investment in green technologies.

Quotes from Copenhagen climate talks

Following are notable quotes about U.N. climate talks in Copenhagen on Thursday, where negotiations were deadlocked with just one day left to work out a new deal to combat global warming after two years of work.

Obama heads to Copenhagen as climate talks falter

U.S. President Barack Obama heads to Copenhagen on Thursday to help secure a U.N. climate pact, staking his credibility on an as yet elusive deal that has ramifications for him at home and on the world stage.

U.S. Senate staggers toward healthcare votes

The U.S. Senate staggered toward the healthcare finish line on Wednesday, as Republicans used new tactics to delay debate and a Democratic holdout remained uncommitted after meeting President Barack Obama.

U.S. backs $100 billion climate fund

Danish hosts re-launched U.N. climate talks on Thursday after the United States backed a $100 billion (62 billion pound) global fund to support poor countries and world leaders gathered for a final effort to reach a deal.

Rite Aid posts another loss as sales fall

Rite Aid Corp posted its 10th straight quarterly loss as customers cut back on discretionary purchases and the drug store chain worked on refreshing its stores to reignite sales growth.

Gene maps to transform scientists' work on cancer

Scientists have indentified all the changes in cells of two deadly cancers to produce the first entire cancer gene maps and say the findings mark a transforming moment in their understanding of the disease.

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