IBT Staff Reporter

Wireless service provider Sprint Nextel plans to pay up to $1.6 billion to Clearwire Corp over the next four years, potentially easing concerns about a liquidity crisis at Clearwire.

A year after four hedge funds were raided as part of a sweeping probe into insider trading, agents are ready to arrest as many as three people who worked at the raided funds, sources familiar with the investigation said.

The business, which includes pipelines and processing stations that remove valuable crude-like liquids from gas, owns or has rights to about 4,000 kilometers of pipeline systems and 21 million barrels of storage capacity.

UBS removed its head of risk Maureen Miskovic on Thursday after less than a year in the job and 11 weeks after a $2 billion trading scandal rocked the Swiss bank.

To mark World AIDS Day on Thursday, New York City released a new recommendation that every person diagnosed with HIV start taking medication right away, rather than waiting until the virus progresses to AIDS and the immune system weakens.

The top Republican on the Senate Banking Committee is calling for a regulatory watchdog to investigate the oversight of now-bankrupt brokerage MF Global Holdings Ltd.

Major U.S. retailers showed a big rift between winners and losers in November, as a strong turnout on Black Friday, the busiest shopping day of the year, encouraged some, while others did not experience the swell of buying they had hoped for.

The Canadian dollar firmed against the U.S. dollar for a fourth straight day on Thursday as a Spanish bond sale saw decent demand and a liquidity move by major central banks raised hopes policymakers would step up action to tackle Europe's debt crisis.

Wall Street stocks were set to drift lower at the open on Thursday as investors took a breather after the S&P 500 posted its best gains since August in a powerful rally.

Bombardier, the world's third biggest commercial planemaker, reported a third-quarter net profit of $192 million, or 11 cents a share, compared with $147 million, or 8 cents a share, a year ago.

China's economic growth will probably slow to 8 percent in 2012 and further to 7 percent in 2013 even though the government has started to relax policy, a prominent Chinese government economist said on Thursday.

Kroger Co , the biggest U.S. supermarket chain, raised its forecast for 2011 earnings, helped by strong sales increases at established stores.

Manufacturing activity is contracting across Europe and most of Asia, data showed on Thursday, and a Chinese official declared that the world economy faces a worse situation than in 2008 when Lehman Brothers collapsed.

New claims for unemployment benefits rose unexpectedly last week, popping above 400,000 for the first time in just over a month and reinforcing the view that the battered labor market was healing only slowly.

New claims for unemployment benefits rose unexpectedly last week, popping above 400,000 for the first time in just over a month and reinforcing the view that the battered labor market was healing only slowly.

AT&T Inc and T-Mobile USA's parent company Deutsche Telekom AG are still battling to save their $39 billion merger and are not in talks about a network-sharing alternative, people familiar with the matter said on Thursday.

Herman Cain should do himself and the Republican Party a favor and drop out of the presidential race -- but not for the reasons you think.

Stock index futures were little changed on Thursday after the S&P 500 posted its best gains since August in a powerful rally in the previous session.

Early reports by big U.S. retailers showed November sales were better than expected, buoyed by a strong turnout on Black Friday, the busiest shopping day of the year.

Early reports by big U.S. retailers showed November sales were better than expected, buoyed by a strong turnout on Black Friday, the busiest shopping day of the year.

Debt auctions in France and Spain gave some respite to battered Eurozone bond markets on Thursday, attracting solid demand and at lower yields than previously feared, a day after central banks took concerted action on banking liquidity.

Real estate website Trulia Inc said on Thursday it hired veteran finance executive and deal-maker Sean Aggarwal from eBay Inc's PayPal to help manage a business that has grown significantly in the past year.

A dispute over government aid for aircraft rivals Airbus and Boeing Co enters a delicate stage on Thursday as Europe faces a deadline to tell the United States how it is eliminating billions of dollars in subsidies struck down by the World Trade Organization.

Manufacturing activity is contracting across Europe and most of Asia, data showed on Thursday, and a Chinese official declared that the world economy faces a worse situation than in 2008 when Lehman Brothers collapsed.

As the world's major central banks hurriedly announced measures to ease stresses in global funding markets, China may have felt compelled to bring forward a move to relax policy that it could otherwise have delayed for a few weeks.

UBS appointed Philip Lofts back to his former role as chief risk officer on Thursday, removing Maureen Miskovic with immediate effect after less than a year in the job following the Swiss bank's $2 billion trading scandal.

Stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.2 percent at 4:37 a.m. ET.

Spain sold the maximum amount targeted at a sale of bonds Thursday, and its cost of borrowing held well below highs reached on bond markets last week, helping ease immediate nerves over its ability to fund public finances.

Groupon Inc's fourth quarter got off to a strong start in October as the largest daily deal company's growth outpaced that of its closest rival, LivingSocial, industry data tracker Yipit said on Thursday.