IBT Staff Reporter

The Oyster Creek nuclear reactor in New Jersey owned by Exelon Corp. was allowed to operate for another 20 years yesterday.

International Business Machines and Sun Microsystems may announce a takeover deal next week, a source with knowledge of the matter said on Thursday, showing IBM may be completing a lengthy review ahead of what would be its biggest acquisition.

Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to an accounting rule were seen as shoring up the volatile financial sector in the short term.

Walt Disney Co Chief Executive Bob Iger warned the cable TV industry not to alienate consumers by restricting cable programing on the Web to paying TV subscribers because it could provoke a consumer backlash.

Research In Motion posted surprisingly strong quarterly earnings on Thursday and offered a rosy outlook that signaled further growth despite the global economic slowdown as consumers embrace its newest BlackBerry smartphones.

Congressmen Henry A. Waxman and Edward J. Markey released Thursday a draft of clean energy legislation which aims to create jobs, reduce the nation’s dependence on foreign oil and combat global warming.

Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to a bank-accounting rule were seen as shoring up the volatile financial sector in the short term.

Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to a bank-accounting rule were seen as shoring up the volatile financial sector in the short term.

Research In Motion posted surprisingly strong quarterly earnings on Thursday and offered a rosy outlook that signaled further growth despite the global economic slowdown as consumers embrace its newest BlackBerry smartphones.

Tesla Motors, Inc. announced Thursday that it has taken more than 500 orders for its all electric sedan Model S since the car was launched on March 26.

American International Group Inc said Thursday it has completed the sale for $263 million to Bank of Montreal's BMO Financial Group, according to the reports.

The number of U.S. workers filing new claims for jobless benefits surged to a 26-1/2-year high last week, data showed on Thursday, indicating that layoffs have yet to peak even as other reports signaled some improvement in the economy.

General Electric Co and Intel Corp have joined forces to develop devices to help doctors monitor patients' health remotely, an area they believe could become a multibillion-dollar business.

US President Obama will meet India Prime Minister Manmohan Singh for the first time at G20 summit in London on Thursday.

As investigators delve into the private life and personal possessions of Wall Street swindler Bernard Madoff, at least one thing has become apparent -- he was obsessed with bulls.

U.S. lawmakers are pushing to raise U.S. defenses against cyber attacks, allowing the government to write and implement security guidelines for confidential industry.

International Business Machines Corp said Thursday it will cut its bid for Sun Microsystems Inc to an offering price ranging $9 to $10 a share.

BlackBerry maker Research In Motion posted a surprisingly strong quarterly earnings report on Thursday and offered a rosy outlook that suggests it will continue to grow despite a global economic slowdown.

OPEC said oil was not to blame for climate change and consuming countries should pay to fight the threat, while the CEO of Royal Dutch Shell (RDSa.L: Quote, Profile, Research, Stock Buzz) said drivers could help by not buying Hummer sports utility vehicles.

Maurice Hank Greenberg, former CEO of American International Group Inc and creator of the AIG unit whose investments triggered the insurance giant's near collapse, portrayed himself as a victim in testimony before a congressional panel on Thursday.

Stocks rallied for a third day on Thursday as more data pointed to a stabilizing economy and changes to a bank-accounting rule that is seen as shoring up the volatile financial sector in the short term.

Clearwire Corp is building a high-speed wireless network in Silicon Valley this summer in an effort to encourage software developers to create new software applications for its wireless service, according to its co-chairman Benjamin Wolff.

U.S. accounting rulemakers bowed to congressional and financial industry pressure on Thursday by allowing more flexibility in valuing toxic assets, a move expected to boost bank earnings and improve their capital levels.

The global telecoms industry can help the world out of recession by creating 25 million jobs over the next five years, if regulation becomes less intrusive and it gets the spectrum it needs, industry leaders say in a letter.

Amid the current push for clean energy by President Barack Obama, Google Inc. and environmentalists have launched a map service to help renewable energy project managers see off-limits areas in the western U.S. where new infrastructure would cause significant damage to the environment.

Oil rose nearly 9 percent to top $52 a barrel on Thursday, in line with a broad rally in global markets on hopes actions agreed at the G20 summit in London would restore global growth.

Online video games maker Changyou.com Ltd soared in its trading debut on Thursday, with shares up 26 percent, putting it on pace for the most successful stock launch in nearly a year.

Walt Disney Co Chief Executive Bob Iger warned the cable TV industry not to alienate consumers by restricting cable programing on the Web to paying TV subscribers.

Walt Disney Co Chief Executive Bob Iger expressed caution over the US cable industry’s move to restrict online viewing of television shows to cable subscribers, saying that the limits could provoke backlash from consumers.