IBT Staff Reporter

Google Inc's quarterly profit beat estimates as revenues grew at their strongest sequential pace in more than a year, sending its shares up 2.4 percent.

Google Inc. reported a 27 percent increase in third-quarter profit, surpassing analysts' estimates, following a boost in online ads and e-commerce.

Google Inc. reported a 27 percent increase in third-quarter profit, surpassing analysts' estimates, following a boost in online ads and e-commerce.

Mexico's state oil company Pemex has discovered oil at the Leek-1 well in the deep waters of the Gulf of Mexico and is testing it to see if it is commercially viable, a Pemex spokesman said on Thursday.

Tech Earnings Strong; Financials Mixed; Economy Healing

The U.S. military is tackling a new mission in the field of alternative energy, moving to power up a 500-megawatt solar facility at Fort Irwin's sprawling desert complex in California.

The Dow industrials and the S&P 500 climbed on Thursday to 2009 closing highs, buoyed by energy stocks as oil prices jumped, but financials retreated as investors panned results from Goldman Sachs and Citigroup.

Advanced Micro Devices Inc (AMD) reported stronger-than-expected quarterly results on Thursday, helped by strong processor shipments, sending shares up in after-hour trading.

Labor market, manufacturing and consumer price data released on Thursday portrayed the U.S. economy as steadily emerging from a protracted recession, with inflation under control.

Micro-blogging site Twitter has been launched as a mobile version in Japan in a move to expand its popular online presence, making it the first offering from the website in a foreign language.

U.S. authorities charged 41 people in a suspected mortgage fraud scheme that cheated lenders out of more than $64 million on New York state properties, prosecutors said on Thursday.

IBM on Thursday raised its full-year outlook and reported higher-than-expected quarterly profit as its growing focus on higher-margin software and services businesses helped it cope with weak technology spending.

Google Inc posted its strongest sequential revenue growth in more than a year, outpacing Wall Street expectations as the Internet search advertising business showed signs of recovery from the global recession.

A helium balloon that flew out of control over Colorado landed on Thursday but a 6-year-old boy who had been thought to be on board was not in the craft, local media said.

A homemade experimental helium balloon crash landed in a Colorado field but there was no sign of the six-year-old boy thought to have been inside.

Goldman Sachs Group Inc's vaunted trading operations helped the dominant Wall Street firm quadruple its earnings, but investment banking results were lackluster and its shares fell.

Officials did not find a 6-year-old boy from Colorado who was believed to be floating away on Thursday in a homemade balloon aircraft when it landed.

Street vendor Antonio Zuniga was picked up by police in Mexico City in late 2005 without a warrant, jailed and sentenced to 20 years for the murder of a man he had never met.

Goldman Sachs' earned $3.19 billion in the third quarter, led by booming sales from its trading division, which accounted for 85.3 percent of all sales

Susana has never set foot outside of Cuba but she has seen plenty of pictures of her friends' houses in Miami, their new cars and even the fancy disco they went to the other night.

Meghan McCain, the daughter of Republican senator John McCain posted a sexy photo herself on her Twitter page Wednesday evening sparking online controversy.

People are more likely to wash their hands properly after using the toilet if they are shamed into it or think they are being watched, scientists said on Thursday.

U.S. stocks were little changed on Thursday after Goldman Sachs Group and Citigroup Inc's quarterly results fell short of some investors' expectations, a day after major indexes rallied to fresh highs for 2009.

Former Bear Stearns hedge fund manager Matthew Tannin, on trial for fraud and charges he lied to investors early in the financial crisis, could not have foreseen problems in the subprime mortgage market in 2007, his lawyer said in opening his defense on Thursday.

Top U.S. executives are becoming more hopeful about the global economy and the U.S. business outlook, according to a survey of business leaders released on Thursday.

Goldman Sachs Group Inc quarterly earnings nearly quadrupled, topping expectations, but its shares fell on disappointment that so much of the profit came from trading gains that might not be sustainable.

Oil prices jumped more than 3 percent on Thursday, touching a one-year high after government data showed a steep, unexpected drop in U.S. gasoline and distillate inventories.

Morgan Stanley started coverage of U.S. refiners with an in-line view, saying that drawing down of distillate inventories due to cold weather, tightening of excess capacity and economic recovery will combine to improve crack spreads, but the recovery will be long and slow.

General Motors Co has set its turnaround plan on the assumption that it can maintain slightly more than 19 percent of the U.S. market, board member Stephen Girsky said on Thursday.