IBT Staff Reporter

Wall Street rose for the first time in three days on Thursday as investors bought back into stocks after two days of losses, after reports showed a drop in unemployment claims and a better-than-expected sales performance by Wal-Mart Stores Inc.

Intel continued to show commitment to strengthen its business in China, and support to its customers, by offering $12 million investment to Shanghai Media Group (SMG), one of China's biggest broadcasters, to help it develop its TV service.

News Corp.'s MySpace awarded a British media company, exclusive rights to distribute video programming from the social networking site on broadcast television outside the U.S. and to sell DVDs and related merchandise.

Lehman Brothers Holdings Inc. bailed out three of its struggling investment funds and bought distressed assets from others for $1.8 billion, Wall Street bank said in a regulatory filing.

Nokia will introduce a new touchscreen handset, code-named Tube which will increase competition with Apple's iPhone.

The Japanese Takeda Pharmaceutical Co. agreed to buy Millennium Pharmaceuticals, Inc. a biotechnology company, for $8.8 billion on a move to remain competitive in the global market.

Boeing Co. has been swamped with compensation demands after it announced the third major delay in six months of its new 787 Dreamliner plane.

Leading U.S. retailers had a mixed March, with discount and wholesale retailers reporting better sales in March than higher priced department stores and specialty retailers as shoppers face a slowing U.S. economy which may already be in a mild recession.

American Airlines scrapped another 900 flights from take off on Thursday, pushing the total to 2,400 of canceled flights this week, as it continues to fix faulty wiring in hundreds of jets.

By Jon Nadler After a brief dip to $928 gold started to build on yesterday's gains once again overnight as the dollar touched a new all time low vis a vis the euro and sank to 71.50 on the ...

Commodity Online PERTH: One of world s largest oil companies, ExxonMobil on Thursday said LNG, with its relatively low carbon emissions, would s...

Microsoft entered the European health care market starting with offering Amalga health care software.

World's largest tax advisory, audit and consultancy services provider, PricewaterhouseCoopers (PwC) has suggested that the emerging markets like India and China is fast becoming the hub of global economic activity with China likely to outpace the US by 2025.

India's leading IT service provider Wipro's chairman Azim Premji and biotechnology major Biocon's chairperson Kiran Mazumdar-Shaw are among the forty-eight Asians to feature in Forbes magazine's list of Asia's top philanthropists.

The 30-share benchmark sensitivity index of the Bombay Stock Exchange (BSE), the Sensex, rallied, Wednesday, to climb 1.30 percent or 202.89 points to end up at 15,790.51 with 17 components rising, boosted by a late run in banking stocks even as Asian markets all around tumbled.

Commodity Online NEW YORK: Gold and other precious metals followed oil s success train as the US dollar continued to get weaker amid reports of decline in Wall Street equities.June gold p...

The FTSE 100 share index edged down on Wednesday falling 6.3 points to 5,983.9 (down 0.1 per cent).

Royal Bank of Scotland (RBS) has cut 200 jobs this week in parts of its debt and investment banking units most affected by the economic slowdown.

Mitchells & Butlers (M&B), owners of the Harvester chain of restaurants has given a half year trading update for the 27 weeks ended 5 April 2008.

Google's chief in Brazil said the Internet giant will employ strategies to stop child pornography and hate crimes on the social networking Website used in the region.

The iPhone with its Wi-Fi only variant and the iPod Touch is currently the most used mobile browser for Internet access in the U.S. followed by the Symbian Operating System used in Nokia devices, according to a report from Irish researcher StatCounter.

Dish Network Corp., the second biggest U.S. satellite television broadcaster accused News Corp.'s NDS Group of hacking the security code of Dish's access cards, causing damages worth $90 million.

Adobe announced on Wednesday the launching of the Media Player Network, Adobe TV, an online video resource made to provide users of Adobe instructional programs of its applications.

CBS News anchor Katie Couric will likely leave her post at the CBS Evening News show well before her contract expires, according to a report.

Copper futures rose close to the highest record as a falling dollar prompted demand for metals as a hedge against inflation.

A chemical used in manufacturing rubber was found in a Cubist Pharmaceuticals Inc. antibiotic stored in ReadyMED pumps made by Cardinal Health Inc., the U.S. Food and Drug Administration said on Wednesday.

HBO named Sue Naegle as president of HBO Entertainment, in a bid to give the channel an overhaul after a lackluster year of programming.

China's stocks listed in the United States stock markets and ADR continue to lower Wednesday follow the US stock markets' tumble.

Yahoo Inc., the target of a hostile takeover bid by Microsoft Corp., is in the eye of a storm of potential deals involving the some of the biggest players in technology and media including Google Inc., News Corp. and Time Warner Inc.