IBT Staff Reporter

Canada's ADF Group Inc (DRX.TO), which makes steel superstructures for building constructions, posted a 78 percent drop in third-quarter profit, hurt by contract delays, but said it has a strong backlog and a healthy cash position.

A U.S. Food and Drug Administration advisory panel on Thursday said it found Gilead Sciences Inc's (GILD.O) aztreonam was an effective new treatment for life-threatening lung infections in cystic fibrosis patients.

William Young is set to become chairman of Biogen Idec Inc's(BIIB.O) board of directors when Bruce Ross steps down from the post on Jan. 1, the biotechnology company announced on Thursday.

A bronze state of President Barack Obama as a 10-year-old boy wearing shorts and a T-shirt has been erected in a Jakarta park, Indonesia.

Shares in China Longyuan Power Group Corp Ltd (0916.HK), the world's 5th-largest wind power generator, rose 9 percent on their Hong Kong debut though this was less than expected and came after a U.N. body blocked carbon financing for some China wind projects.

As over 15000 politicians and delegates gather in Copenhagen for the UN's Climate Change conference , a separate conference in Denmark also occurred, comprising of scientists and lobby groups.

As over 15000 politicians and delegates gather in Copenhagen for the UN's Climate Change conference , a separate conference in Denmark also occurred, comprising of scientists and lobby groups.

Oracle Corp's (ORCL.O) customers told concerned European Union regulators on Thursday that the U.S. software company's $7 billion deal to buy Sun Microsystems Inc (JAVA.O) would not curtail competition in the database market.

French bank Societe Generale (SOGN.PA) said it was close to reaching a definitive deal with rival Dexia (DEXI.BR) over buying Dexia's 20 percent stake in Credit du Nord to give SocGen full control.

Craigslist founder Craig Newmark testified on Thursday he decided to trust eBay Inc after a key 2004 meeting in which then-CEO Meg Whitman and other executives said the Internet giant shared the small private company's core values.

European gasoline prices fell on Thursday, pressured by swelling stocks and a lack of export opportunities to the key U.S. market.

Oil and natural gas company Quicksilver Resources Inc (KWK.N) said it will spend $540 million under its 2010 capital program and said this is expected to increase production volumes by more than 20 percent.

President Barack Obama has confronted the paradox between war and peace, while receiving the Nobel Peace Prize in Oslo.

Market analysis is one of the hot issues in Forex trading. Many people surf the internet, refer to the reports generated by their brokers, visit news websites, watch TV channels, or even pay money to professionals for the advice and knowing the direction of the market. The big question though is what kind of market analysis is useful.

An bright white spiral lit up Norway's sky on Wednesday morning, with one expert suspecting the light show was created by a malfunctioning Russian missile spinning out of control.

Over 1,700 scientists in the U.K. signed a statement on Thursday, stating that they agree with evidence that shows humans are responsible for climate change.

BlackRock Inc plans to launch a portfolio that will let wealthy individual investors access hedge funds that have boosted pension funds' and endowments' returns, the company said in a regulatory filing on Thursday.

Prudential Financial Inc's sale of its stake in a brokerage joint venture is on schedule to close next month and is expected to give its capital position a significant lift, the company said on Thursday.

Jamie Grubbs who is Tiger Woods' alleged mistress number 2 confessed on a television show about her affair with Woods and apologized to his embattled wife Elin Nordegren, the Orlando Sentinel reported.

As the House of Representatives moved closer on Thursday to debating the most sweeping changes to financial regulation proposed since the Great Depression, a raft of late amendments were headed to the floor as lawmakers wrangled over the legislation.

Harvard University said on Thursday that it cannot afford to complete construction of its $1 billion science complex right now and will pause its campus expansion outside its Cambridge, Massachusetts, home.

Endowment funds of major colleges and universities lost 19 percent for the year ended June 2009, outpacing the 28 percent drop in the Standard & Poor's 500, according to a survey released on Thursday.

Honduras' de facto government will only allow ousted President Manuel Zelaya to leave the country if he signs a letter dropping his demand to be reinstated, the leftist said on Thursday.

The Australian Dollar opens higher today at 0.9160 and received a boost on Thursday from better than expected local jobs data.

Less than 5 percent of homeowners whose mortgage payments were cut under an Obama administration aid plan have received a permanent reduction, the Treasury Department said on Thursday.

The Obama administration's pay czar plans to announce on Friday his next wave of rulings as bailout recipients struggle to get out from under his thumb.

U.S. President Barack Obama urged world leaders on Thursday to break the deadlock at climate change talks in Copenhagen, even though many nations accused the United States of lacking ambition.

Stocks gained on Thursday as signs of improving trends in the job market and a decline in the U.S. October trade deficit reassured investors the economy was on a steady growth path.

China's top climate envoy called on President Barack Obama to increase a U.S. offer to cut greenhouse gases, and said it would discuss a 2050 emissions goal only if rich nations offered more cash and carbon cuts.