IBT Staff Reporter

Bankrupt commercial printer Quebecor World Inc said on Thursday that its U.S. and Canadian plans of reorganization have been approved by a U.S. bankruptcy court and the Quebec Superior Court.

Oil traded below $67 a barrel on Friday, adding to a fall of nearly 4 percent the previous day, as unemployment data hardened views economic weakness would sap energy demand further and that last month's rally was overdone.

Fireworks planned nationwide, Weekend at the Movies, TEA Party tax protests, Post office closures

Hunan Taizinai Group, a top dairy products maker in China, on Friday denied a Chinese media report that it was in talks to sell assets to the world's biggest food group Nestle AG.

A top German government official warned bidders for Opel on Friday to develop a business plan that can meet European Union guidelines on state subsidies because Berlin expects an in-depth anti-trust probe of any deal.

Treasure Hunting will go fully digital on Friday night when players chase a mysterious oriental wand with special powers along the narrow streets and bridges of Venice.

Wilmar International, the world's largest listed palm oil company, has hired three banks to handle what sources say could be a $3 billion flotation of its China business.

Petro Andina, a Canadian-based oil and gas exploration company, said on Friday its board unanimously recommends that its shareholders reject an unsolicited bid by Netherlands-based Pluspetrol Resources Corp.

Global investors Carlyle and Primus are among the bidders for AIG's Taiwan insurance unit, sources said on Friday, as the troubled U.S. insurer looks to divest some of its global assets.

July 4th is here, and with that, comes relaxing times near the grill with friends and family while watching fireworks display together. Another way to wind down and enjoy the holiday weekend is to check out a movie.

Fireworks planned nationwide on July 4 but recession hits some cities; Patriotism, tax protest to mix at July 4 TEA Parties; Most Post Offices to close early July 3; some FedEx, UPS services available

PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.

Derivatives pose risks on financial markets that central clearing of contracts would mitigate, the European Commission said on Friday, outlining plans that fall short of more radical U.S. steps.

Derivatives pose risks on financial markets that central clearing of contracts would mitigate, the European Commission said on Friday, outlining plans that fell short of more radical U.S. steps.

U.S. marshals seized the luxury $7 million New York City penthouse apartment of imprisoned fraudster Bernard Madoff and his wife, Ruth, officials said on Thursday.

World stocks fell on Friday after a disappointing U.S. jobs report and a sluggish euro zone services sector survey reinforced expectations that the process of recovery in the global economy would be long and slow.

State regulators closed seven banks in on Thursday raising the total number of failed banks to 52 this year.

For Dutch pension fund ABP, Michael Jackson's death could be good for business.

U.S. businessmen are expected to use a Russia-U.S. business summit on Tuesday to press Moscow to rein in corruption and improve conditions for western companies operating in the country.

Global miner Rio Tinto wrapped up one of the world's biggest rights issues on Friday, saying its Australian shareholders had taken up 94.76 percent of their entitlements to the new shares.

With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.

Unauthorized Mac clone maker, Psystar, on Thursday said it will emerge from chapter 11 bankruptcy as it takes on Apple's Mac system and a legal battle.

Electronic Arts Inc. confirmed Battlefield 1943 debut next week and will be deploy on Microsoft Corp.'s Xbox 360 and Sony Corp.'s Playstation 3.

GE Enterprise Solutions' Fanuc Intelligent Platforms on Thursday reveals its new PAC8000 RTU controller with flexible system design and high availability allowing Oil & Gas to be easily monitored, diagnose and maintain.

A yellow-white, 9 feet Burmese pet python on Thursday reportedly wrapped itself on a 2 year-old baby and crushed her to death at Oxford, Florida home.

Apple has banned another iPhone App, the BeautyMeter that allows iPhone and iPod Touch users to upload photos of themselves to be rated.

Global miner Rio Tinto wrapped up one of the world's biggest rights issues on Friday, saying its Australian shareholders had taken up 94.76 percent of their entitlements to the new shares.

Ford Motor Co of Canada was the number one selling automaker in the country for the first time in 50 years as it posted a 25 percent jump in sales in June over a year earlier, the company said on Thursday.

As the July 4 weekend approaches, the U.S. Postal service is informing its customers that most post offices will close at 12 noon on Friday, July 3, with no regular service on Saturday.