IBT Staff Reporter

Janus Capital Group cut the pay of its chief executive sharply last year and put new compensation guidelines in place after it lost a shareholder "Say on Pay" vote, the Denver asset manager said in a proxy filing on Thursday.

Janus Capital Group cut the pay of its chief executive sharply last year and put new compensation guidelines in place after it lost a shareholder Say on Pay vote, the Denver asset manager said in a proxy filing on Thursday.

AT&T Inc has standardized rules for subscribers with unlimited data service plans after a public outcry about its practice of slowing down speeds for its heaviest users, but the change also drew sharp criticism.

Eastman Kodak Co, which filed for bankruptcy protection in January, said it agreed to sell its on-line photo services business to stalking horse bidder Shutterfly Inc for $23.8 million.

European Union leaders met on Thursday to discuss the right balance between budget austerity and reviving lost growth, at the first summit for two years in which the euro zone debt crisis did not eclipse all else.

Eastman Kodak Co, which filed for bankruptcy in January, said it has agreed to sell its on-line photo services business to stalking horse bidder Shutterfly Inc for $23.8 million.

LivingSocial, the second-largest daily deal company behind Groupon Inc , plans to launch its first credit card in coming months to help merchants attract repeat customers, Chief Financial Officer John Bax said on Thursday.

Federal Reserve Chairman Ben Bernanke and other top officials of the U.S. central bank on Thursday highlighted risks to the economic recovery despite recent signs of strength, but offered few hints that any additional monetary stimulus might be needed.

Conservative activist Andrew Breitbart, an influential voice in U.S. Republican politics known for his attacks on liberals and Democrats, died unexpectedly of natural causes in Los Angeles early on Thursday, his family said. He was 43.

U.S. auto sales rose nearly 16 percent in February and the annual sales rate leapt to its best level in four years, helped by a surprising sales gain by General Motors Co and strong results from Chrysler Group LLC and Ford Motor Co .

Monster Worldwide Inc Chief Executive Sal Iannuzzi told investors on Thursday that the operator of the job-search website was considering all strategic alternatives, sending the company's shares up more than 17 percent.

Individual investors moved back into the markets in February to take advantage of rising stock prices as the economic recovery gained steam and risk aversion eased, said the head of one of the top U.S. discount brokers.

Online recruitment company Monster Worldwide Inc Chief Executive Sal Iannuzzi told investors on Thursday the company was considering all strategic alternatives, and its shares rose 16.6 percent.

U.S. stocks rose on Thursday, moving back to 2008 highs, after a jump in bank shares and further upbeat data on the labor market, though sharp gains in oil prices limited the advance.

U.S. manufacturing cooled in February and consumer spending was flat for a third straight month in January, suggesting the economy lost more steam early this year than expected.

Anti-virus software maker Trend Micro Inc has hired a prominent expert on cybersecurity policy to help boost its sales to the U.S. government.

A surprising sales gain by General Motors Co and strong performances by Ford Motor Co and others helped put U.S. February auto sales on track for their highest annual sales rate in nearly four years.

Bill Gross, co-chief investment officer at PIMCO, on Thursday took issue with a derivative panel's decision that the restructuring of Greek debt does not trigger a payout on insurance protection, even after his firm backed the move.

U.S. stocks gained on Thursday, boosted by financial shares and further signs the labor market may be on the mend.

Nissan Motor Co <7201.T> plans to launch cheap automobiles tailored for emerging markets under its old Datsun brand in 2014, The Nikkei reported on Thursday.

Wal-Mart Stores Inc raised its annual dividend by 8.9 percent on Thursday, as momentum in the company's key Walmart U.S. chain has rebounded.

French jeweler Cartier launched its first film on Thursday to set itself apart in an increasingly crowded luxury market by highlighting its 165-year heritage.

Michael Woodford, the ousted Olympus chief executive who blew the whistle on one of Japan's most high-profile frauds, vowed he would hold his former employer to account as he kicked off his legal battle for wrongful dismissal in London on Thursday.

U.S. police can search a cell phone for its number without having a warrant, according to a federal appeals court ruling.

Shares of Research In Motion dropped nearly 5 percent on Thursday after an influential analyst said RIM would likely warn that it came up short on BlackBerry shipments this quarter and offer an even bleaker outlook for its flagship smartphone.

Below are highlights from the question and answer session of a Senate Banking Committee hearing with Federal Reserve Chairman Ben Bernanke testifying on monetary policy and the U.S. economy.

Stocks advanced on Thursday, reversing declines from the previous session after some positive data on the labor market and solid monthly sales from retailers encouraged buying.

Greece has not yet triggered payment on controversial bond insurance contracts but market participants still expect Athens' efforts to reduce its debt burden to prompt an eventual payout on credit default swaps.

Boulder, Colorado-based Gnip Inc and DataSift Inc, based in the U.K. and San Francisco, are licensed by Twitter to analyze archived tweets and basic information about users, like geographic location. DataSift announced this week that it will release Twitter data in packages that will encompass the last two years of activity for its customers to mine, while Gnip can go back only 30 days.