IBT Staff Reporter

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.

Nov 12, 2009

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.

Nov 12, 2009

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.

Nov 12, 2009

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.

Nov 12, 2009

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.

Nov 12, 2009

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

Nov 12, 2009

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.

Nov 12, 2009

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.

Nov 12, 2009

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.

Nov 12, 2009

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.

Nov 12, 2009

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

Nov 12, 2009

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.

Nov 12, 2009

Missed this week's episode of Desperate Housewives or of the new sci-fi series V? Now there is an easier way to search for all your video content online.

Nov 12, 2009

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.

Nov 12, 2009

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

Nov 12, 2009

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.

Nov 12, 2009

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.

Nov 12, 2009

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.

Nov 12, 2009

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.

Nov 12, 2009

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.

Nov 12, 2009

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.

Nov 12, 2009

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

Nov 12, 2009

The fall in the handset market stopped in the third quarter, helped by clearing of inventories of unsold phones and booming sales on the so-called grey market in countries like China, research firm Gartner said on Thursday.

Nov 12, 2009

Teenage singing sensation Taylor Swift claimed a piece of music history on Wednesday when she became the youngest artist ever to win the coveted title of Entertainer of the Year at the Country Music Awards.

Nov 12, 2009

Former heavyweight boxing champion Mike Tyson was arrested on Wednesday after brawling with a celebrity photographer at Los Angeles International Airport and injuring the man's head, police said.

Nov 12, 2009

Britney Spears has a message for the critics who savaged her performance during her first tour of Australia -- it's all for the fans.

Nov 12, 2009

Aerosmith frontman Steven Tyler joined estranged bandmate Joe Perry on stage in New York in hopes of setting the record straight about the future of the feuding rock group.

Nov 12, 2009

The boards of British Airways and Spain's Iberia are holding separate board meetings to consider a merger to create the world's third largest airline by revenue, they said on Thursday.

Nov 12, 2009

Wall Street was set to open lower on Thursday as a weak holiday quarter forecast from retail giant Wal-Mart Stores Inc sparked concerns about consumer spending, threatening to break a six-session rally for the Dow.

Nov 12, 2009