IBT Staff Reporter

The Obama Administration is offering states ways to circumvent provisions of the No Child Lew Behind Law, saying that certain provisions of the law have done more harm than good in improving schools.

Communications regulators urged adoption of new technologies that would allow people needing emergency help to send text, photos and video messages to police and rescue dispatchers.

Morningstar Inc. is poised to start ranking exchange-traded fund model portfolios, the Chicago-based research firm said at its annual ETF Invest Conference on Thursday.

Europe's banking regulator said there were no plans to force more than a dozen weaker mid-tier banks to raise capital quickly, saying an original time table remained in place despite pressure building for action.

UBS CEO Oswald Gruebel will on Friday attempt to convince his board the Swiss bank has a future in investment banking and can bounce back from a $2.3 billion crisis around rogue trading.

Amazon's cloud computing unit has taken steps to avoid a repeat of the outage of its cloud services platform earlier this year and customer interest has only grown since, a top company executive said.

Michele Bachmann said at a forum on Thursday that social conservatives should not settle for a presidential candidate who does not share their views. But what views are those, exactly?

The U.S. futures regulator has yielded on several contentious parts of a plan to crack down on commodity speculation, marking a modest victory for banks and traders who have lobbied to limit increased market oversight.

The Texas Department of Criminal Justice decided on Thursday to eliminate the last-meal practice, in which death-row inmates were allowed to order a special meal before being taken to the execution chamber.

Protectionism and populist policies in the developing world could rise as countries face increasing head winds from a growing European sovereign debt crisis and a weakening economic recovery in the United States, World Bank President Robert Zoellick said on Thursday.

Reporters with Rupert Murdoch's News of the World tabloid repeatedly hacked into the voice mail of a minister in the former Labor government, sources close to the matter say.

A suspected of member of the clandestine hacking group LulzSec was arrested in Arizona on Thursday on charges of taking part in an extensive computer breach of the Sony Pictures Entertainment film studio, the FBI said.

Clearwire Corp is in talks with wireless operators including AT&T Inc and Verizon Wireless about selling network capacity while it also eyes raising new funding through equity, debt and vendor financing, according to top company executives.

Harvard University's endowment is the main investor in a venture that could buy more than $1 billion of triple-net leased property, a form of investment that offers higher yields and relative stability at a time of financial market volatility, a source familiar with the deal said.

Europe's debt crisis looks more intractable than ever. The Federal Reserve appears to be shooting blanks when it comes to firing up the U.S. economy.

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Stocks plunged on Thursday, extending a selloff to four days, as policymakers' failure to arrest global economic stagnation sent markets spiraling downward.

Treasury Secretary Timothy Geithner said on Thursday he was sure Europe would boost the firepower of its bailout fund to contain the debt crisis as pressure on Europe grew to act decisively to calm markets.

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Hewlett-Packard will be firing CEO Leo Apotheker and replacing him with Meg Whitman, the company announced Thursday afternoon.

McDonald's Corp said on Thursday its board of directors raised the world's biggest hamburger chain's quarterly cash dividend almost 15 percent to 70 cents per share.

New Jersey Transit service was back on track at around 4:30 p.m. on Thursday after a power failure snarled the morning commute.

It has been barely a year since HP's last CEO shakeup and already the company is moving in a new direction, dismissing Léo Apotheker and bringing Meg Whitman on board as full time CEO.

Zynga, the top maker of Facebook games, revealed a 90-percent plummet in profit in the June quarter on Wednesday that raised fresh questions about whether the company can sustain its growth ahead of its much-anticipated IPO.

Lawyers for the only Goldman Sachs employee charged over the Abacus subprime mortgage transaction have asked a judge for permission to appeal one of the legal claims U.S. securities regulators brought against him.

The day after Troy Davis was executed for the 1989 murder of a Georgia police officer, his family and supporters vowed to continue their fight against the death penalty.

Hewlett-Packard Co named former eBay Inc Chief Executive Meg Whitman as its new president and CEO, replacing unpopular leader Leo Apotheker at the helm of the largest U.S. technology company.

Stocks plunged on Thursday, extending a selloff to four days, as policymakers' failure to arrest global economic stagnation sent markets spiraling downward.

World stocks fell to 13-month lows and commodities tumbled on Thursday as weak data from China crystallized investor fears of a global recession one day after a grim economic outlook from the Federal Reserve.