IBT Staff Reporter

One could think that a tumbling economy combined with a few thousand people being laid off would discourage immigration, but this is not so.

One could think that a tumbling economy combined with a few thousand people being laid off would discourage immigration, but this is not so.

The Senate is set to vote on President Barack Obama's stimulus package as soon as tonight as centrists and Republicans sought last minute spending cuts to reduce its size, which has grown to more than $900 billion.

The Senate is set to vote on President Barack Obama's stimulus package as soon as tonight as centrists and Republicans sought last minute spending cuts to reduce its size, which has grown to more than $900 billion.

President Barack Obama signed an order Friday to create the Economic Recovery Advisory Board, a group of leaders with former Federal Reserve Chairman Paul Volcker as head that will discuss ideas and solutions to help the weakening U.S. economy.

President Barack Obama signed an order Friday to create the Economic Recovery Advisory Board, a group of leaders with former Federal Reserve Chairman Paul Volcker as head that will discuss ideas and solutions to help the weakening U.S. economy.

General Electric Co. will likely lose its 'AAA' credit rating and may also cut its dividend after that, an analyst at J.P. Morgan suggested on Friday, according to reports.

US auto suppliers are seeking as much as $25.5 billion in government aid to avoid a string of bankruptcies in the industry, according to a report.

Bank of America shares rose 20 percent Friday morning after a research note from analyst Richard Bove may have assuaged investors' fears that the bank is in danger of failure and nationalization.

Bank of America shares rose 20 percent Friday morning after a research note from analyst Richard Bove may have assuaged investors' fears that the bank is in danger of failure and nationalization.

International Business Machines Corp. (IBM) announced software designed for reducing cost.

International Business Machines Corp. (IBM) announced software designed for reducing cost.

The U.S. Treasury department's financial bailout has a $78 billion shortfall when comparing the capital purchases it made to the bank assets it received, according to a Congressional Oversight Panel, according to a report.

The U.S. Treasury department's financial bailout has a $78 billion shortfall when comparing the capital purchases it made to the bank assets it received, according to a Congressional Oversight Panel, according to a report.

Joe Satriani is to serve Coldplay band at the Grammy's Award Ceremony on Sunday in Staples, Los Angeles, over their alleged plagiarism, according to reports.

On February 5-6, Toshiba Corporation will showcase its latest environmental initiatives for the general public in the '18th Environmental Exhibition' at the company's Tokyo headquarters.

On February 5-6, Toshiba Corporation will showcase its latest environmental initiatives for the general public in the '18th Environmental Exhibition' at the company's Tokyo headquarters.

The unemployment rate in the US continues to rise, reaching its highest level since 1992 in January with 598,000 jobs lost.

The unemployment rate in the US continues to rise, reaching its highest level since 1992 in January with 598,000 jobs lost.

Additional audio features for the MLB '09 The Show have been released. Senior Sound Designer Andrew Bracken from Sony's San Diego Studios and MLB introduced the new audio features to all for all PlayStation baseball fans.

Additional audio features for the MLB '09 The Show have been released. Senior Sound Designer Andrew Bracken from Sony's San Diego Studios and MLB introduced the new audio features to all for all PlayStation baseball fans.

USA Swimming sensation Michael Phelps, who was photographed inhaling from a marijuana pipe, has been suspended from competition and cut off its financial support for three months effective, the sport's national governing body said in a statement.

Toyota Motor Corp., the world's largest automaker, announced Friday its annual loss this fiscal year may be three times larger than originally expected as global auto sales continued to weaken.

Nadya Suleman, 33, the mother of six who made headlines last month by giving birth to octuplets, told TODAY's Ann Curry that she always wanted a large family.

Angelina Jolie traded the glitz and glamour of the movie awards season for a visit to Thailand and urged the Thai government to respect the human rights of Myanmar's Rohinyga boat people , a U.N. spokesman said Friday.

Backstreet Boy’s Nick Carter said in a recent interview with People Magazine, that his ten year addiction with drugs and alcohol almost caused him to die.

As more Americans get used to watching video on their computers, websites offering free movies, TV and clips are enjoying a 13 percent increase in web traffic from the previous month.

Embattled auto parts supplier Delphi Corp. has asked permission to cancel health care and life insurance benefits for current and future salaried retirees from a bankruptcy judge.

Google announced the launch of a mobile version of Google Book Search, opening up over 1.5 million mobile public domain books in the US, and over half a million abroad, in a bid to compete against Amazon's Kindle eBook reader.