IBT Staff Reporter

British cattle genetics company Genus warned on Thursday that first half profit would be below last year, sending shares to a two-month low.

The U.S. economy is in much better shape but risks remain, although there is no near-term inflation threat, a top Federal Reserve official said on Thursday.

The settlement agreement between Intel Corp and Advanced Micro Devices Inc does not change a lawsuit filed against Intel last week by New York Attorney General Andrew Cuomo, a source familiar with the matter said.

President Barack Obama left for Asia on Thursday with the U.S. economy, jobs and a yawning trade deficit with China looming large on his agenda.

Canada's Toromont Industries Ltd said on Thursday it intends to proceed with a formal bid to acquire Enerflex Systems Income Fund, after talks for a deal with the supplier of equipment for the oil and gas industry failed.

Diversified U.S. manufacturer United Technologies Corp said it will buy General Electric's security business for $1.82 billion in a move to expand the presence of the world's top maker of elevators and air conditioners in a fast-growing North American sector.

After more than an hour talking about how awful business has been of late, Pete Van Straten, 52, jerks a thumb at the telephone sitting on the desk behind his younger brother, George.

Babcock & Brown Infrastructure shareholders have voted so far are strongly in favor of a $1.6 billion recapitalization plan backed by Canada's Brookfield group, BBI's chief financial officer said on Thursday.

President Barack Obama, facing a 10.2 percent U.S. unemployment rate, will announce on Thursday plans for a jobs summit in December, an administration official said.

A Chinese government spokesman said Barack Obama should be especially sympathetic to China's opposition to the Dalai Lama and Tibetan independence, as a black president who lauded Abraham Lincoln for helping abolish slavery.

North Korea said the South will pay an expensive price for firing at Pyongyang's retreating patrol boat on Tuesday, keeping up its saber rattling two days after a naval gunfight raised tension between the rivals.

Western Australia state has raised the stakes in its demand for higher royalties from iron ore miners Rio Tinto and BHP Billiton, telling them that it would not rubber-stamp their planned iron ore merger.

The United States is concerned about corruption and poor governance in Afghanistan and has raised those issues with the administration of President Hamid Karzai, Secretary of State Hillary Clinton said on Thursday

Palestinian President Mahmoud Abbas will accept the recommendation of independent election experts on Thursday to postpone the vote he had scheduled for January, senior officials said.

Russia's pro-Western opposition on Thursday dismissed President Dmitry Medvedev's promises to reform the political system as empty and said they saw little prospect of an easing of Kremlin domination.

Department store operator Kohl's Corp reported a larger-than-expected quarterly profit on Thursday, but gave a holiday-period outlook that was below Wall Street estimates.

President Barack Obama leaves for Asia on Thursday with the U.S. economy, jobs and a yawning trade deficit with China looming large on his agenda.

Taylor Swift, Lady Antebellum, Brad Paisely, Darius Rucker and Sugarland were among the winners at the 43rd Country Music Association Awards in Nashville Wednesday.

The Dow and the S&P 500 indexes were flat to slightly lower on Thursday, threatening to snap a six-session rally for the Dow, after a Wal-Mart Stores Inc forecast sparked concerns about consumer spending.

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A merger between British Airways and Spain's Iberia looked imminent on Thursday as their boards held separate meetings to discuss a deal to create the world's third-largest airline by revenue.

Charla Nash literally had her face ripped apart in February this year when her friend's 200-pound pet chimpanzee attacked her.

Australia said it will invest $50 million to develop green technologies in India, in a sign Canberra was trying to bridge differences with New Delhi over climate change negotiations.

The Obama administration's pay czar said on Thursday his compensation rulings will allow General Motors Co and Chrysler Group to retain talent but is willing to consider lateral offers to hire new executives.

Japan will reassure the United States that their alliance is in good shape, Tokyo said on Thursday, as a feud over a Marine base strains relations ahead of a visit by President Barack Obama.

Activision Blizzard Inc said it sold 4.7 million copies of Call of Duty: Modern Warfare 2 for $310 million on its first day, setting a new record for the video game industry.

The Dow and S&P 500 indexes turned positive in early trading on Thursday, led by gains in technology stocks, erasing losses shortly after the open.

The words attorney and entrepreneur are rarely uttered in the same sentence and the path can be daunting for lawyers who strike out on their own.

G.I. Joe: The Rise of Cobra has stormed into the No. 1 position on the national DVD sales charts.