IBT Staff Reporter

Stocks rallied in early trading on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with banks and insurers to accept 50 percent losses on Greek bonds.

Stocks rallied in early trading on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with banks and insurers to accept 50 percent losses on Greek bonds.

Pending sales of existing U.S. homes dropped for a third successive month during September, a real estate industry group reported on Thursday, though a sales index was above year-ago levels.

Regulators subpoenaed Avon Products Inc over its contact with analysts, and the company is under a formal investigation over whether it failed to comply with bribery laws in China and elsewhere.

Stanford researchers have developed a synthetic skin-like material capable of detecting pressure as well as touch by implementing the use of carbon nanotubes. The research team, led by associate professor of chemical engineering Zhenan Bao, published their work in the journal Nature Nanotechnology.

GoPro releases a new version of its popular Sports Camera with a faster processor, 11-megapixel capability and Wi-Fi connectivity.

Why don't we look anything like these relatives? The reason, scientists say, is because of the junk, or non-coding DNA.

Pre-orders start for the Gingerbread powered, 4.3-inch wide, 4G LTE enabled phone. The Droid RAZR will release Nov. 10.

Though the Nexus One is just under 2 years old, Google says the device is simply too old and will not be receiving Android 4.0.

The late-night rescue package agreed by euro zone leaders to cool their dangerous debt crisis will at least allow investors to look at other things for a while.

The standings in Iowa are surprising, with Mitt Romney and Herman Cain leading by a large margin with very little effort on the ground. But who will win the all-important caucuses?

It's no surprise that tablet users are rich, educated, and like reading the news. So, why won't they pay for it?

Millions across the U.S. were treated to a spectacular display Monday as the Aurora Borealis dipped south to the delight of spectators across 30 states. Stargazers as far south as Arizona, New Mexico, and Alabama caught the vivid red patterns of the northern lights, which arrived approximately eight hours ahead of schedule.

Blizzard announces new details for the Zerg-driven campaign for its popular Real-Time Strategy Game StarCraft 2: Wings of Liberty.”

Major European energy groups posted big jumps in profits on Thursday, driven by higher oil and gas prices and new capacity coming onstream.

Exxon Mobil Corp's profit rose 41 percent in the third quarter, slightly ahead of Wall Street estimates, as gains in crude oil prices and higher refining margins boosted results.

Stocks looked set to jump 2 percent at the open on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with banks and insurers to accept 50 percent losses on Greek bonds.

Euro zone leaders are as far as ever from finding a lasting solution to the bloc's underlying problem of economic divergence, despite their latest progress in managing the symptoms of its debt crisis.

In a matter of eight hours, India-based software company Dexetra was able to create a Siri knockoff - an early Android version of Apple's Siri voice recognition system.

Tampa-based startup Unthink launched Tuesday in a flurry of green trim and black-and-white revolution-themed photography. The newest social network claims $2.5 million in funding from DouglasBay Capital and has its sights set on taking down Facebook, Google+, LinkedIn and other social networks it says are exploiting their users by selling their information to advertisers.

The popular game we all know is hitting developing economies to target the non-smartphone market.

Euro zone leaders are as far as ever from finding a lasting solution to the bloc's underlying problem of economic divergence, despite their latest progress in managing the symptoms of its debt crisis.

Dow Chemical narrowly missed Wall Street's quarterly profit expectations as cost increases dented demand in Europe and North America.

Canada's fifth-largest independent oil producer, warned that full-year production would miss its own expectations, and reported a drop of almost two-thirds in quarterly profit on lower production rates at some assets.

U.S. economic growth increased at its fastest in a year in the third quarter as consumers and businesses set aside fears about the recovery and stepped up spending, creating momentum that could carry into the final three months of the year.

Japan's Olympus Corp on Thursday stuck to its defense of the deals that have come under fire since it axed its British CEO in a bitter boardroom battle, but the Tokyo Stock Exchange warned that investors might not be convinced.

Prime Minister Stephen Harper on Thursday said he was encouraged by the deal agreed by euro zone leaders, calling Europe's economic crisis the most immediate and imminent threat to global recovery.

British singer Amy Winehouse had more than five times the legal driving limit of alcohol in her blood when she died on July 23 aged 27, British media reported on Wednesday.

Stock index futures rose sharply on Thursday after European leaders agreed to boost the region's bailout fund and struck a deal with private banks and insurers to accept 50 percent losses on Greek bonds.