IBT Staff Reporter

Samsung Group Chairman was indicted of tax evasion and breach of trust on Thursday, but was cleared of a bribery charge, after a three month probe into allegations of corruption at South Korea's...

Social network portal MySpace, a unit of Rupert Murdoch's News Corp., launched its India-dedicated Web site on Thursday, named MySpace India, expanding its presence into 29 global regions.MySp...

Microsoft Corp. has yet to convince Yahoo Inc. to agree to a friendly takeover, but the software company is already hiring lobbyists to help it convince regulators to let the deal hostile if it has t...

MGIC Investment Corp., the largest U.S. mortgage insurer, reported a smaller than expected first quarter loss, sending its shares up more than 20 percent.MGIC lost $34.4 million, or 41 cents per sh...

Nokia, the world's largest maker of mobile phones, on Thursday released its first quarter results with a 25 percent increase in earnings, boosted by new demand from emerging markets, but less be...

Gold futures fell in New York on Thursday as the dollar rallied against the euro. Other precious metals were mixed with platinum and palladium ending lower, while silver gained.Gold for June delive...

Since Wednesday, April 9, natural gas spot prices increased at virtually all market locations in the Lower 48 States. Currently, spot prices exceed the average spot prices of the 2007-2008 heating s...

United Auto Workers walked off the job at General Motors Corp.'s Delta Township plant at 10 a.m. on Thursday after a deadline passed with no deal on a local contract.Around 2,300 union employ...

The dollar fell against the Euro yesterday as a sharp fall in housing starts reinforced expectations that U.S. interest rates would be cut again.The dollar...

Sterling recovered against the broadly weak dollar after a sharp fall in housing starts. Sterling recovered against t...

Freddie Mac has agreed to make 90-day commitments to several large banks on the pricing of conforming jumbo loans, according to a report.The government-sponsored home loan lender will offer the d...

JPMorgan Chase & Co. executives anticipate the real estate market to keep falling, with prices dropping as much as 9 percent in 2008.The New York-based bank's chief executive Jamie Dimon t...

Pfizer Inc. will pay Avant Immunotherapeutics's Celldex Therapeutics Inc. unit to acquire the exclusive global license of a brain cancer vaccine treatment which is currently in Phase 2 development, the companies announced late Wednesday.

By Jon A Nones SEATTLE (ResourceInvestor.com): The VM Group reported on Tuesday that the platinum market will remain in a deficit of 360,800 ounces in 2008, although down from 412,400 ounces...

SLM Corp, a student lender also known as Sallie Mae, reported a first quarter net loss as its income from the sale of student loans in tight credit markets disappeared.

By Dr Ron Paul There has been much talk in the media recently about the Federal Reserve and the actions it has taken over the past few months, writes US Congressman Ron Paul.Many news pund...

Greg McCoach, editor of Mining Speculator and President of AmeriGold, likes owning the physical metal. In this article, the second of a three part interview (see Part I) Greg tells us why. In Part Th...

By Emanuel Balarie With all the talk about housing, a declining US Dollar, and the inevitable recession, many people may be overlooking a potentially more devastating economic factor, writes...

Gilead Sciences Inc. reported on Wednesday its first quarter earnings rose 22 percent relying mostly on sales of its drug for AIDS treatment.

JC. Penney Co., the third largest U.S. department store chain, said it will open fewer new stores this year than originally planned and it will increase its efforts to attract frugal shoppers away from rivals by revising its marketing pitch and adding new brands.

Online auctioneer eBay Inc. posted a 22 percent rise in first-quarter on Wednesday, beating analyst expectations, with its revamped website adding buyers for the first time in a year and favorable currency rates.

German energy company E.ON has said it may be in the running for a possible takeover of nuclear power company British Energy. British Energy has become a takeover target thanks to its struggle with rising costs, which forced the company to close a number of its plants last year.

The Advertising Standards Authority (ASA) has said that budget airline easyJet broke advertising rules by increasing its fares after advertising a 25 per cent discount on its routes.

The Office for National Statistics (ONS) released new figures on Wednesday showing a rise in average earnings of 3.7 per cent in the three months to February 2008. The figure was slightly lower than the 3.9 per cent rise recorded for the three months to January.

Apple and Starbucks launched a new program, 'Pick of the Week', that allows Starbucks customers to download free music and music videos each week from iTunes Store.

Shares of Talbots Inc., the women's clothing department store, plunged more than 30 percent on Wednesday, a day after the company announced it had lost $265 million in credit.

Boston Scientific Corp. will purchase CryoCor Inc. for $17.6 million or $1.35 a share the company said on Wednesday.

Eli Lilly & Co. said on Wednesday it may cut 500 jobs as the company makes more efficient manufacturing operations in Indianapolis, its home city.

Beijing-based New Oriental Education and Technology Group Inc., a provider of private educational services in China, reported better-than-expected quarterly results on an increase in student enrollments.