IBT Staff Reporter

Talks to sell the storied Chicago Cubs baseball team have reopened with a rival bidding group, and are continuing alongside negotiations with the original Ricketts family buyers, sources familiar with the situation said on Thursday.

Microsoft Corp is willing to invest 5 to 10 percent of its operating income in its search business for up to five years, Chief Executive Steve Ballmer said on Thursday, as its Bing search engine gains ground with Web surfers.

Most of us find ourselves broke at one time or another, but it is never a bigger problem then when you find yourself broke when you traveling and stuck overseas.

Fiat (FIA.MI) plans to stop car production at one Italian plant and change to a new platform at another, its CEO told government and unions at a meeting on the impact of its deal to steer Chrysler CBS.UL back to health.

Opel labour leader Klaus Franz hopes General Motors Corp's (GMGMQ.PK) planned sale of a majority stake in the German carmaker to a consortium led by Magna (MGa.TO) will make it a more attractive partner for rivals.

President Barack Obama faces growing concerns among voters over government spending, the auto industry bailout and other economic policies, according to two opinion polls released on Wednesday.

Half of the doctors, nurses and other health workers who have become sick with the new H1N1 swine flu got it on the job, suggesting they are not taking enough care to protect themselves, U.S. health officials said on Thursday.

U.S. employers will see healthcare costs rise 9 percent in 2010 and they expect their workers to pay a greater share of their health plans, consultant PricewaterhouseCoopers said on Thursday.

Carnival Corp & Plc posted a quarterly profit that beat analysts' estimates helped by better-than-anticipated pricing and lower net cruise costs, driving shares up nearly 9 percent in midday trading.

A rift between AIG and Maurice Hank Greenberg, former head of the ailing insurer, raised questions in 2005 about a decades-old compensation plan funded by a private affiliate, Greenberg told a federal jury on Thursday.

Korean food is as adventurous as the land and culture it comes from. Mountains of side dishes, paired with a sensory overload that is typical of Korean dining and you have yourself an experience, not just a meal.

The possibility of the Federal Reserve gaining regulatory authority over General Electric Co's hefty finance arm could influence how the company restructures that business.

In what maybe the epicenter of the H1N1 pandemic, Hong Kong reported more new cases of human infections on Thursday, bringing the total number of infections to 221 in the city.

Sirius XM Radio Inc. released its long-awaited iPhone application for free today.

Duke Energy Corp. - the third largest nuclear power operator in the U.S. - unveiled plans to build a nuclear power reactor in Ohio, its Chief Executive Officer said during a press conference Thursday in Piketon, Ohio.

Stocks gained on Thursday after a recent small pullback as data on the jobs market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.

The U.S. economy sprouted more green shoots of recovery in data released on Thursday, with weekly jobs figures showing unexpected improvement and the slumping factory sector revealing dramatic signs of a rebound.

An Iranian exiled professor, Afshin Ellian wrote an open letter to the Supreme leader Ayatollah Khamenei saying that 'your regime is finished'. Here is the full test of his letter digested from the internet.

A federal appeals court said three former Merrill Lynch & Co bankers may be retried on charges they helped Enron Corp defraud shareholders over a sham transaction involving Nigerian power barges.

The Dow and the S&P 500 rose on Thursday following three days of losses as economic data pointing to stabilization in the job market and improving regional business conditions lifted investor sentiment.

Discover Financial Services reported a smaller-than-expected quarterly operating loss as the fourth-largest U.S. credit card network cut costs and bad loans grew less than expected, sending its shares up 5.5 percent.

Iranian opposition politician Ebrahim Yazdi has been arrested while in hospital, an ally said on Thursday, the latest in dozens of detentions of pro-reformers since last week's disputed presidential election.

Airplane makers plan to crank up production volumes as soon as the global economic crisis starts easing, and they are using this year's Paris Air Show to convince suppliers that they can sell as many planes as planned.

President Barack Obama's announcement Wednesday offering limited benefits to the same-sex partners of federal employees failed to quell growing anger in the gay community that gay rights issues were getting short shrift at the White House.

The World Bank will decide on June 30 whether to give Ghana a $300 million loan to help stabilise the economy, knocked by heavy spending under a former government as well as global woes, the bank said.

North Korea has several thousand tons of chemical weapons it can mount on missiles that could be used on a rapid strike against the South, said a report released on Thursday by the International Crisis Group (ICG).

Discover Financial Services , the fourth-largest U.S. credit card network, said quarterly earnings from continuing operations rose nearly 12 percent, helped by an antitrust settlement.

European Union leaders will approve new rules to tighten bank supervision at a two-day summit which starts on Thursday and is intended to show the bloc has the economic crisis under control.

Inside a television studio in a suburban Los Angeles strip mall, Farsi-speaking producers pore over hundreds of photos and video clips spirited out of Iran by protesters disputing the result of the recent presidential election.