IBT Staff Reporter

Johnson & Johnson said on Thursday it is recalling some lots of infants' and children's Tylenol because of a possible bacterial contamination of the popular pain and fever treatment. Tylenol products being recalled were manufactured between April and June 2008, the diversified healthcare giant said. The company identified 21 varieties of the products, which come in various flavors and forms, an...

Norway's oil and gas producer StatoilHydro said on Friday that production at its Statfjord C platform in the North Sea was slowed to minimum levels due to a water leak that has shut down satellite fields.

U.S. copper futures bounced from one-month lows Friday morning, as a weaker dollar and rising consumer sentiment underpinned prices and countered weaker-than-expected durable goods and housing data.

The Dow and S&P 500 stock indexes were little changed on Friday after a mixed bag of economic data, while the Nasdaq fell, hurt by disappointing results from BlackBerry maker Research in Motion.

U.S. consumer sentiment rose in late September to the highest since January 2008 as expectations of an economic rebound gathered momentum, a survey showed on Friday.

Shares of U.S. airlines rebounded on Friday following three straight days of losses after an analyst upgraded five carriers' stocks to a buy.

Scientists who discovered the secrets of how cells age, who made efficient solar cells possible and who figured out how to watch the brain work in real time are all leading contenders for Nobel prizes, Thomson Reuters predicted on Thursday.

Shares of Research In Motion fell around 15 percent on Friday after the BlackBerry maker reported a lower profit and gave an outlook that fell short of analysts' expectations.

Many U.S. small businesses are optimistic about growth and see the economy improving in three to six months, according to a survey released on Friday.

ConAgra Foods Inc raised its quarterly dividend by 5 percent on Friday, days after the food maker raised its earnings forecast.

If you take antidepressants such as fluoxetine (marketed as Prozac) early in your pregnancy, you may be doubling the risk that your newborn will be born with a heart defect, according to a new study.

Early use of antivirals is effective in treating H1N1 flu and health authorities must be vigilant for signs of drug resistance, the World Health Organisation said on Friday.

Kraft Foods Inc told employees it would use fiscal restraint in its pursuit of British confectioner Cadbury, and said its success as a company was not dependent on doing a deal.

The European Commission and officials from countries hosting Opel factories will discuss on Oct. 7 Germany's controversial plan to grant state aid for the ailing European carmaker.

The Group of 20 will become the forum for global economic management, giving rising powers such as China more clout, and roll out tougher rules on bank capital by the end of 2012, a draft communique said on Friday.

Allos Therapeutics said U.S. health regulators granted accelerated approval for its drug Folotyn to treat one of the most deadly and aggressive types of white blood cell cancers, sending its shares up 6 percent.

China's top video game operator, Shanda Games, priced its $1 billion U.S. IPO at the top of an indicative range, as firms globally make bold moves to capitalise on a spike in investor confidence.

Sales of newly built U.S. single-family homes rose to their highest level in nearly a year in August, according to government data on Friday that indicated the housing market was gradually recovering from a three-year slump.

A U.S. Treasury Department watchdog will study decisions by General Motors Co [GM.UL] and Chrysler to cut more than 2,000 dealers, a key bailout watchdog said on Thursday.

Taiwan will not allow exiled Uighur leader Rebiya Kadeer to visit the island as proposed in December, an official said on Friday, a move likely to please rival China but upset anti-China factions at home.

Nearly one out of five U.S. drivers surveyed has read or sent a text message while behind the wheel, even though nearly all of the respondents in an AAA survey released on Friday considered such action unacceptable.

Homebuilder KB Home reported a deeper quarterly loss than Wall Street expected, and its chief executive warned he does not expect meaningful improvement in the U.S. housing market in the near future.

Boeing Co said Friday it is studying new draft bidding rules to decide which plane or planes to pit against the rival team of Northrop Grumman Corp and EADS's EADS.PA Airbus in a renewed $35 billion contest to supply refueling aircraft to the U.S. Air Force.

The Group of 20 is set to become the premier coordinating body on global economic issues, reflecting a new world economic order in which emerging market countries like China are much more relevant, according to a draft communique.

General Motors Co GM.UL could extend its offer of a 60-day, money-back guarantee for consumers when the marketing program expires at the end of November, GM Vice Chairman Bob Lutz said on CNBC on Friday.

Electrical equipment maker AZZ Inc posted better-than-expected quarterly results, helped by growth at its electrical and industrial products segment, and raised its 2010 earnings outlook, sending its shares up as much as 8 percent.

Morgan Stanley is outrunning archrival Goldman Sachs as 2009's busiest adviser on mergers as optimism grows that the crippling effects of the financial crisis on dealmaking may be easing.

Canadian medical equipment maker Noveko International Inc's fourth-quarter loss widened, hurt by a goodwill impairment charge.

The Group of 20 will take on the role of caretakers of the global economy, giving rising powers such as China more clout, and roll out tougher rules on bank capital by the end of 2012, a draft communique said on Friday.