IBT Staff Reporter

Procter & Gamble Co , the world's largest household products maker, raised its full-year profit outlook to include the sale of its Pringles snacks business, a new joint venture with Teva Pharmaceutical Industries and its restructuring plans.

The U.S. Securities and Exchange Commission is conducting a broad review into the collapse of the futures brokerage MF Global Holdings Ltd, SEC Chairman Mary Schapiro said on Thursday.

The European Central Bank cut its main interest rate by 25 basis points to 1.25 percent on Thursday as the euro zone's worsening debt crisis outweighed concern over persistently high inflation.

New U.S. claims for unemployment benefits fell below 400,000 last week for the first time in five weeks and a trend reading also edged lower, suggesting a modest improvement in the still-moribund labor market.

The European Central Bank cut its main interest rate by 25 basis points to 1.25 percent on Thursday as the euro zone's worsening debt crisis outweighed the concern over persistently high inflation.

Water on Mars increases the chances that life existed on the red planet.

China and Russia are using cyber espionage to steal U.S. trade and technology secrets to bolster their own economic development and that poses a threat to U.S. prosperity and security, an intelligence report said on Thursday.

U.S. service sector activity growth eased in October to its slowest level in three months, but new orders for good from factories unexpectedly rose, suggesting economic growth remains patchy.

U.S. food maker Sara Lee Corp reported slightly better-than-expected quarterly earnings, but cut its full-year sales forecast due partly to unfavorable currency exchange rates.

Executives from some of the largest players in the supercomputing industry gathered in San Francisco on Wednesday to discuss the future of high performance computing (HPC) at the HPC Industry Roundtable, hosted by AMD and moderated by Carl Claunch, VP & Distinguished Analyst at Gartner.

Asteroid 2005 YU55 is scheduled to skirt Earth on Nov. 8, giving astronomers an unparalleled opportunity to make observations about the space rock. Over four hundred yards across, the asteroid is large enough to cause damage on a regional scale if it were to make contact. Luckily, it will just miss Earth, whizzing past at the decidedly cozy distance of 201,700 miles - closer than our own Moon.

A new trailer for the Devil May Cry reboot released Nov. 2 and was spectacularly creepy. The new game is set in a creepy and twisted contemporary backdrop.

Nightwing will join the cast of “Batman: Arkham City,” in new down loadable content released Nov. 2. Nightwing is the older version of Batman’s first sidekick, Dick Grayson, when he tired of being Robin and went solo.

Khloe Kardashian, Kim Kardashian's sister, defended Kim Kardashian's decision to divorce Kris Humphries after the split caught the public's focus.

U.S. regulators have worked around-the-clock for the past week as they sort through the collapse of futures brokerage MF Global Holdings Ltd securities regulator Mary Schapiro said on Thursday.

A statement filled with criticisms, which was released by the Oakland Police Officers' Association, is accusing the mayor of Oakland about her confusing stance on the Occupy Oakland encampment.

A freight train derailed in Elgin, Ill., 40 miles northwest of Chicago, just after 5 a.m. on Thursday, snarling the morning commute on Metra's Milwaukee West Line. Up to 18 cars derailed and at least two caught fire, but no injuries were reported.

Daniel Craig returns as British secret agent James Bond in Skyfall the 23rd installment in one of the world's longest-running and most successful film franchises.

Joffrey Lupul's second period hat-trick steered the Toronto Maple Leafs to a 5-3 victory over the New Jersey Devils on Wednesday, the virtuoso performance ruining home goaltender Martin Brodeur's return from injury.

The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move Thursday, acting boldly to support the ailing euro zone economy at President Mario Draghi's first policy meeting in charge.

Stocks were set to rise sharply at the open on Thursday after the European Central Bank surprised markets by cutting interest rates and as a Greek referendum on its euro zone membership was put into question.

A government push to rein in the power of building trades unions in Quebec threatens to hamper infrastructure development and impede efforts to tempt investors to the French-speaking province.

Canada's central bank is particularly vigilant in monitoring the effects of currency moves on inflation in times of great volatility, Bank of Canada Governor Mark Carney said on Wednesday.

The Canadian dollar is expected to hold steady just below parity with its U.S. counterpart in the next few months before regaining equal status in 6 months and edging higher than the greenback a year from now.

South Korea's LG Electronics announced on Thursday a $945 million rights issue, mainly to fund a revival of its loss-making smartphone business.

Canada's largest telecom company, posted a 41 percent jump in third-quarter profit, helped by its acquisition of CTV, Canada's premier media company.

Canadian utility Fortis Inc's (FTS.TO: Quote) posted a 29 percent rise in quarterly profit, helped by the termination fee it received in relation to its failed merger with Central Vermont Public Service Inc.

Husky Energy Inc's (HSE.TO: Quote) third-quarter profit doubled on robust production and higher realized crude prices.

Yunfeng Capital, Silver Lake and other investors completed the purchase of a 5 percent stake in Alibaba Group, parent of listed Alibaba.com Ltd, worth $1.6 billion on November 1, a source told Reuters on Thursday.