IBT Staff Reporter

Global oil demand through next year will be weaker than previously forecast while petroleum supplies will be higher, the U.S. government said in a revised outlook on Wednesday.

U.S. labor markets could take years to recover from the setbacks of the current recession, which have pushed the unemployment rate to a 26-year high, top Federal Reserve policy-makers said on Wednesday.

Google Inc is disappointed with the lack of breakthrough investment ideas in the green technology sector but the company is working to develop its own new mirror technology that could reduce the cost of building solar thermal plants by a quarter or more.

Cell phone chipmaker Skyworks Solutions Inc raised its fourth-quarter earnings and revenue outlook, citing an improvement in order demand due to diversification into new sectors and consolidation of its market share.

Organic Chinese herbs can be effective to treat many different types of diseases. There are still a lot of doubters out there that Chinese herbs can effectively treat certain type of diseases but still plenty of people reply on them to treat illness in preference over the use of pharmaceutical drugs.

Steve Jobs made an appearance at Apple's highly anticipated 09/09/09 event today in San Francisco where several new announcements were made, including a new iPod and iPhone OS 3.1 which is now available and ready to download now for free.

The history of Chinese herbs used for medicinal purposes dates back to sometime between 800 and 200 BC with the publication of Huang Di Nei Jing

Privately-held smart grid networking company Silver Springs Network is considering launching an initial public offering but will not do so this year, Chief Executive Scott Lang said on Tuesday.

Friends and colleagues gathered Wednesday at the Lincoln Center to pay tribute to legendary newsman Walter Cronkite who died in July.

U.S. emissions of carbon dioxide, the main greenhouse gas blamed for global warming, should fall 6 percent in 2009 as the recession curbs electricity demand, the government forecast on Wednesday.

Strong demand for firearms helped Smith & Wesson Holding Corp post a quarterly profit that topped market expectations, and the company forecast solid second-quarter revenue, sending its shares up 12 percent.

The use of Chinese herbs for many different diseases has a history of centuries, and also for Arthritis, a debilitating disease of the joints and bones, the Chinese use herbs as and effective treatment. Arthritis is not just one disease there are many different forms and symptoms but it has

The lowest mortgage rates in 3 months had U.S. consumers clamoring for home loans last week even as the government said on Wednesday it expected millions more foreclosures.

U.S. stocks closed higher for a fourth straight day on Wednesday, sending the Standard & Poor's 500 index to its best finish so far this year as industrial and technology companies gained from a weak dollar.

A U.S. bankruptcy judge ordered Semgroup, its creditors and suppliers to mediation on Wednesday in hopes of keeping the oil and gas services company on track to emerge from bankruptcy in November.

The lowest mortgage rates in 3 months had U.S. consumers clamoring for home loans last week even as the government said on Wednesday it expected millions more foreclosures.

Cognizant Technology Solutions said its current quarter was seeing a continuation of the uptick in demand that helped its second quarter, indicating that third quarter results could be better than expected. When we gave our third quarter guidance back in early August, one of the things we stated was that guidance includes contingencies for the strength not continuing at the pace seen in the second quarter, Chief Financial Officer, Gordon Coburn said in an analyst presentation on Wednesday.

The hijack to Mexico's Aeromexico flight 576 from Cancun to Mexico City concluded after police captured at least six suspects and regained control of the airplane, Mexican media reported Wednesday.

Medicinal Chinese herbs have been around for centuries and many of today's drugs are derived from them. Some examples of those are medicines used to treat asthma, hay fever as well as those that are employed to treat the immune system.

An experimental obesity drug made by Vivus Inc showed dramatic results in two late- stage clinical trials, potentially offering patients a much- needed weight-loss aid and sending the company's shares soaring more than 70 percent.

A Manhattan federal judge has rejected Merck & Co's effort to dismiss 24 cases alleging that its Fosamax drug treatment for osteoporosis causes jaw damage.

When people speak of exotic Chinese Herbs, we usually may not think of the common cooking ingredient called ginger as being one of these Chinese Herbs - but yes, it is. What we use as a cooking ingredient would be the so-called

Bank of America Corp shot back at New York Attorney General Andrew Cuomo, saying he is simply wrong to claim that the bank is hindering an investigation into its takeover of Merrill Lynch & Co.

Tyson Foods Inc, the largest U.S. meat producer, said on Wednesday its chicken business has softened since early August, while its beef and pork businesses are doing well.

When we speak of Chinese herbs, we are technically referring to herbs sourced straight from China. Chinese herbs are commonly employed for Chinese cooking but may also have medicinal properties that make them ideal to use in Traditional Chinese Medicine too.

Germany's government would expect General Motors to repay a 1.5 billion euro ($2.2 billion) state loan if the carmaker calls off the sale of its Opel unit following a board meeting on Wednesday, German Finance Minister Peer Steinbrueck said.

The U.S. government should consider a trust for its stake in General Motors Co and Chrysler to ensure independent oversight and facilitate an exit strategy, a congressional watchdog found on Wednesday.

Half of Federal Reserve districts saw evidence the U.S. economy had improved by the end of August, although labor markets remained weak and retail sales were flat overall, a Fed report said on Wednesday.

There has been more bad blood in Venice over Bad Lieutenant: Port of Call New Orleans, a movie starring Nicolas Cage that borrowed its title from Abel Ferrara's 1992 cult classic Bad Lieutenant.