IBT Staff Reporter

President Barack Obama, seeking to rescue a faltering U.S. economy and his own re-election prospects, began an uphill battle on Friday to win Republican support for a $447 billion jobs plan.

The U.S. Food and Drug Administration recommended against an immediate approval for Bayer AG and Johnson & Johnson’s anti-clotting drug, Xarelto, as a treatment to prevent strokes in patients with atrial fibrillation.

Juergen Stark is to quit his position on the European Central Bank's Executive Board, the bank said on Friday.

McDonald's Corp reported a lower-than-expected rise in worldwide August sales at established restaurants on a steep drop in Japan and a lull in new product launches in the United States.

A recent report by J.D. Power and Associates states that the overall satisfaction with smartphones is higher for devices which are of a certain size and weight and have the wherewithal which includes good-quality display, faster processors, long lasting battery and touch screen capabilities.

Norovirus remained the most common food-borne disease in 2008, but more people were hospitalized for Salmonella poisoning than any other food-related illness, the Centers for Disease Control and Prevention (CDC) says in its annual report on food-borne illness.

McDonald's Corp reported a lower-than-expected 3.5 percent rise in global August sales at established restaurants on Friday, with all its markets disappointing analysts.

The top German official at the European Central Bank is to quit early in disagreement with the bank's policy of buying euro zone government bonds to combat the currency bloc's debt crisis.

According to recent research, ancient meteorites may have showered the Earth with gold.

Oil was discovered in 1978 deep under the forest floor in this corner of Eastern Siberia, but the challenges of drilling here were created hundreds of millions of years ago in a churn of silt and sea water.

The struggling U.S. housing market is expected to fall a little further as it searches for a bottom, but home prices are seen ticking up modestly in 2012, according to a Reuters poll released on Friday.

Dutchess of Cambridge, Kate Middleton is expecting “Royal Twins,” the buzz was all around, confirmed by Star Magazine, US Weekly and several other media outlets.

President Barack Obama, seeking to rescue a faltering economy and his own re-election prospects, began an uphill battle on Friday to win Republican support for a $447 billion jobs plan.

The global car industry descends on Frankfurt next week to show off the latest models it hopes will fend off an economic slowdown in some of its biggest markets, as government spending cuts chip away at consumer confidence in Europe.

McDonald's Corp reported a lower-than-expected rise in global August sales at established restaurants on Friday, with Asia turning lower on a big drop in Japan and the United States and Europe also missing expectations.

Stock index futures fell on Friday as investors remained skeptical about how much of President Barack Obama's $447 billion proposal to generate U.S. jobs would make it through Congress.

Stock index futures fell on Friday as a jobs proposal by President Barack Obama did little to reassure investors concerned about weak economic growth.

While the Samsung Galaxy S2 is yet to hit the U.S market, Motorola Droid Bionic has made its way on Verizon’s fast 4G network.

A debt swap meant to help Greece avoid default and win time to repair its tattered public finances hung in the balance on Friday with expectations of take-up by private creditors slipping amid fierce European pressure on Athens.

President Barack Obama, seeking to rescue the troubled U.S. economy and his own prospects for re-election, embarks on an uphill battle on Friday to win Republican support for a make-or-break $447 billion jobs plan.

Stock index futures pointed to a lower open on Friday as investors remained skeptical about how much of President Barack Obama's $447 billion proposal to generate U.S. jobs would make it through Congress.

In statements issued after President Obama's jobs speech on Thursday night, Republican leaders struck a note very different from the uncompromising, line-in-the-sand rhetoric that has been dominating political discourse. Criticisms of Obama and fundamental differences of opinion were still evident, but there were also gestures toward conciliation and compromise.

A darkening euro zone economic outlook, a shrinking interest rate advantage and skepticism over European authorities' ability to resolve the sovereign debt crisis have raised the risk the euro will fall toward $1.30 before year-end.

On Sept. 11, 2001, I was 11 years old. I can't say when exactly I realized how young that was to understand the enormity of the attacks. But 10 years removed, I see it. For me, the world isn't divided into before and after the attacks, because there is no before.

Alibaba Cloud Computing, a unit of Alibaba Group, will release an English version of its mobile operating system this month and launch its tablet in the next two months, a top company executive said on Friday.

Motorola's highly anticipated offering, the Droid Bionic, after playing hide-and-seek for nine months has finally arrived.

Investors in Greek government debt worldwide will tell regulators on Friday whether and how they will participate in a bond swap aimed at giving Athens more time to emerge from a debt crisis, with officials expecting a take-up of about 70 percent.

A German court on Friday upheld an injunction requested by Apple barring the sales of Samsung Galaxy tablets in Germany.

The global economic slowdown has brought emerging Asia's rate-hiking cycle to a premature pause and the next step could be easing if the United States slides into a recession or Europe's debt troubles spawn a full-blown financial crisis.