IBT Staff Reporter

Barclays Capital, one of the banks providing $9.2 billion of loans to help fund Kraft Foods Inc's hostile bid for Britain's Cadbury Plc , has suspended coverage of Cadbury because of its role.

Research In Motion posted a big jump in profit and issued an even stronger outlook on Thursday, as sturdy demand from holiday shoppers helped the BlackBerry maker fend off the competition.

Oracle Corp reported quarterly profit above Street expectations as the world's No. 2 business software maker posted an unexpected increase in sales of its programs, sending its shares up more than 4 percent.

Stocks fell on Thursday as the dollar's rebound spurred a safe-haven trade, cutting demand for riskier assets, while a soft profit outlook from economic bellwether FedEx sank transportation shares.

Court papers proving that former presidential candidate John Edwards is the father of Rielle Hunter's daughter Frances were published yesterday by Radaronline.com.

A shooting in Manhattan's Upper West Side region on Thursday has left four people dead, the New York Times reported.

Following this morning's BlackBerry email outage which has now been fixed, the smartphone maker, Research In Motion Ltd. released better than expected third quarter earnings after the closing bell.

Three people were shot and killed in their Upper West Side Manhattan apartment Thursday, a fourth man was found dead in the backyard, New York Times reported.

Discover Financial Services , the sixth-largest U.S. credit card issuer, posted lower-than-expected quarterly earnings as bad loans grew and the value of transactions with its cards declined, sending its shares down more than 8 percent.

Following this morning's BlackBerry email outage which has now been fixed, the smartphone maker, Research In Motion Ltd. released better than expected third quarter earnings after the closing bell.

The Screen Actors Guild has unveiled its nominees or the 16th annual SAG Awards to be held on January 23, 2010 at 8:00 p.m. at the Los Angeles Shrine Exposition Center.

Global spending on oil and gas exploration and production will rise 11 percent to $439 billion in 2010, reversing a drop in pending in 2009 as energy prices climb, according to a survey conducted by analysts at Barclays Capital.

FedEx Corp forecast on Thursday profit for the current quarter below analysts' expectations, raising concerns that the U.S. economy was not recovering as fast as had been expected, and sending its shares down more than 6 percent.

(Corrects that net income rose 12.5 percent, not 25 percent, last paragraph)

Factory activity in the U.S. mid-Atlantic region hit a 4-1/2-year high in December and a gauge of future economic conditions rose last month, adding to evidence of a pick-up in the pace of the economy's recovery.

Former Cardinals bassist, Chris Feinstein, died Monday at the age of 42 according to a notice on the bands website.

Palm Inc will likely announce plans for Verizon Wireless to sell one of its phones at the Consumer Electronics show in January, according to analysts who also expect a new phone launch at the show.

Three library associations have asked the Justice Department to oversee Google's plans to create a massive digital library to prevent an excessively high price for institutional subscriptions, the groups said on Thursday.

U.S. stocks fell on Thursday as the dollar's rebound spurred a safe-haven trade, cutting demand for riskier assets, while a soft profit outlook from economic bellwether FedEx sank transportation shares.

BlackBerry maker Research In Motion reported a 58 percent jump in quarterly profit on Thursday, as sturdy demand from holiday shoppers helped fend off growing competition, sending its shares sharply higher.

Senator Chris Dodd on Wednesday said that while Federal Reserve Chief Ben Bernanke was 'not perfect' he still strongly supported his nomination to lead the U.S. central bank for four more years.

Citigroup Inc shares fell to their lowest level in four months on Thursday, a day after the bank's $20 billion stock and bond offering drew a cool reception on Wall Street and prompted the U.S. Treasury to delay plans to start selling off its Citi holdings.

The Obama administration released details on Thursday of a $2 billion program in grants and loans to help dramatically expand Americans' broadband Internet access and create tens of thousands of jobs.

The Kardashian family can never seem to get their family Christmas Cards just right according to Kim Kardashian.

On a national level, eight out of the top 10 projects in terms of costs recouped were exterior replacement projects that cost less than $14,000. Certain types of door and siding replacements, as well as wood deck additions all returned more than 80 percent of project costs upon resale.

New York City residents could see their water bills spike by $367 a year if the federal government forces the city to build a $12.3 billion filtration plant, a report said on Thursday.

Oscar-winning actress Jennifer Jones died Thursday at her home in Malibu, California at age 90.

U.S. mortgage rates rose for a second consecutive week but remained below 5 percent, a closely watched mortgage survey showed on Thursday, a key level that may boost home loan demand and help the housing market recover.

nk of America Corp's successor for retiring Chief Executive Kenneth Lewis said on Thursday the company has no plans to sell its U.S. Trust unit.