IBT Staff Reporter

Goldman Sachs Group Inc completed the long-awaited sale of its mortgage servicing unit on Thursday after having reached agreements with the Federal Reserve and New York state's banking regulator over wrongful foreclosures.

Apple Inc promoted veteran executive Eddy Cue to senior vice president of Internet software and services, marking one of the first personnel moves by new Chief Executive Tim Cook, who succeeded Steve Jobs last week.

Smartphone vendors using Google's Android platform are unfazed by the Web giant's acquisition of Motorola Mobility, seeing it as a move to protect the software from legal attacks and not a competitive threat in the marketplace.

Cadillac will offer a new, more powerful engine for the 2012 SRX.

For nearly two decades, global corporations have increasingly shifted trillions of dollars in worldwide profits to low-tax countries across the Caribbean, Europe and Asia to reduce their tax bills and maximize the bottom line.

Sprint is a fan of the DOJ's move to file a lawsuit against the AT&T-T-Mobile merger.

The government on Wednesday dismissed three counts of perjury against home-run king Barry Bonds that had left jurors deadlocked in his trial stemming from an investigation into athletes' use of performance-enhancing drugs.

A new trend in employment law, California companies have recently been experiencing a barrage of meal break lawsuits, challenging state labor rules and the extent to which an employer must provide time to rest.

Gasoline gained in West Coast markets on Wednesday after a U.S. government report showed the regional gasoline inventory fell nearly 1 million barrels last week, traders said.

Google's planned purchase of Motorola Mobility Holdings Inc will not influence an ongoing antitrust investigation into the leading Internet search engine, the EU's antitrust chief said on Thursday.

The pace of growth in the U.S. manufacturing sector ticked down to a crawl in August, faring better than economists had forecast but remaining at the lowest level in two years, an industry report showed on Thursday.

If a new tropical storm gains momentum and becomes a hurricane, it could wreak havoc on oil production in the Gulf of Mexico.

Toronto-Dominion Bank (TD.TO: Quote) boosted its dividend on Thursday as it reported that strong loan volumes in the United States and Canada drove it to a higher-than-expected quarterly profit, pushing its shares higher.

HTC, the world's fifth-biggest maker of smartphones, sees a strong end to the year as consumer demand for its latest gadgets defies macro-economic worries, a company executive said.

It's the automotive world’s version of the popular Tall, Grande and Venti sizes of coffee cups at Starbucks.

A series of tests were conducted to find the fastest way to board a plane. Turns out, it's not the standard block method most airlines use now.

Half of the U.S. population age two or older indulges in sugary drinks on any given day, new research finds.

Kenya's interbank lending rate tumbled to 19.2515 percent on Tuesday from 27.7299 percent the previous day, central bank data showed on Thursday, as the bank's action last week to bring down interbank rates filters through the market.

Golden Star Resources said it has resumed mining at its Pampe gold deposit in Ghana, a move that will help increase overall production and slash cash operating costs at the Bogoso/Prestea mine in the region.

Nigeria's Access Bank said on Thursday it will spend 50 billion naira to acquire a 75 percent stake in rescued rival Intercontinental Bank and combine both firms' operations within 12 months of the merger.

Food will be increasingly scarce in famine-struck southern Somalia until next year's harvest, the head of the United Nations refugee agency (UNHCR) said on Thursday.

Stocks were lower in see-saw trade on light volume on Thursday as investors paused after a four-day rally and awaited Friday's key payrolls report.

The Xperia Arc S, Sony Ericsson's latest Xperia range Android smartphone, was unveiled at IFA in Berlin Wednesday.

A patent licensing pact reached with tech giants Nokia and Microsoft will transform Canada's Mosaid Technologies, its CEO said on Thursday, and could help protect it from a C$480 million ($490 million) hostile takeover bid.

Countering accusation of being out of touch, the Obama administration announced plans on Thursday for a We the People online feature that would let anybody create a petition on the White House Web site. Any petition that got 5,000 or more signatures in 30 days would get an official review and response.

Manufacturing unexpectedly grew in August and fewer Americans filed new claims for jobless aid last week, despite a slump in confidence that threatened to push the economy back into recession.

Major automakers posted double-digit U.S. sales gains for August from year-earlier levels, a steady result for a month that began with a plunge on Wall Street and ended with a hurricane shutting down the East Coast.

Smartphone vendor Sony Ericsson said it saw Google's acquisition of rival Motorola Mobility as a move to protect Google's Android software from legal attacks by rivals.

U.S. Tennis star Venus Williams withdrew Wednesday from the U.S. Open after recently being diagnosed with an energy-draining autoimmune disease called Sjogren's syndrome.