IBT Staff Reporter

Mosquitoes quickly develop resistance to insecticide-treated nets, raising alarm that the method of malaria prevention is not effective, a study from Senegal found. Researchers who studied malaria infections there found that Anopheles gambiae mosquitoes, the species responsible for malaria in Africa, are growing resistant to a common type of insecticide.

Tech Data Corp reported a quarterly profit that handily beat expectations on stronger foreign currencies and a 30 percent growth at its European business, and forecast a mid-single digit sales growth for the third quarter.

Factory activity in the U.S. Mid-Atlantic region plunged to a nearly 2-1/2 year low in August and home resales unexpectedly dropped last month, stoking concerns that risks of recession are growing.

Treasury prices soared on Thursday and benchmark 10-year note yields fell below 2 percent for the first time as global economic fears sent investors scrambling for safe-haven government debt.

Less than two months after its release, HP is dropping the TouchPad and other WebOS devices.

Barclays fired one of its star commodities traders yesterday, marking what could be the end of an era.

Facebook Inc has won access to computers, files and emails it hopes will prove an upstate New York man's claim to own half of founder Mark Zuckerberg's stake in the world's largest social networking company is a fraud.

Forest Laboratories Inc won its showdown with activist investor Carl Icahn on Thursday, saying shareholders backed the company's slate of 10 board members over nominees proposed by the billionaire.

Factory activity in the Mid-Atlantic region slumped to a nearly 2-1/2 year low in August and home resales unexpectedly dropped last month, dampening hopes for a quick revival in economic growth.

Brazil's long boom appears to be over.After several dynamic years that saw it earn a reputation among some Western investors as the near China, Brazil now looks to be downshifting into a pattern of economic growth of around 3 percent to 4 percent for the foreseeable future.

One of the U.S. central bank's most influential policymakers said on Thursday the bank is always scrutinizing banks and that it treats U.S. and European banks exactly the same.

The Earth's rapid warming has shifted the climate in many areas, prompting species to shift with it, a variety of studies suggested. Most of these studies looked at a limited number of species or narrow geographic region, which means that there isn't a clear global picture yet.

U.S. Treasury prices soared on Thursday and benchmark 10-year note yields fell below 2 percent for the first time as global economic fears sent investors scrambling to safe haven government debt.

Emerging markets will not save the world if the West slides back into recession. In an interconnected global economy, decoupling is a beguiling myth.

A new photo has emerged that may be proof the iPhone 5 is close to its release date.

Emerging markets will not save the world if the West slides back into recession. In an interconnected global economy, decoupling is a beguiling myth.

News Corp's senior management is starting to think about what the company might do if James Murdoch stepped aside, sources inside and close to the global media empire said.

Billionaire investor Kirk Kerkorian's Tracinda Corp disclosed in a filing that it sold 20 million shares in gambling and resort operator MGM Resorts International on Wednesday, leaving it with a 22.8 percent interest.

Vanderbilt University now recognizes Wiccan holy days as part of its list of school-sanctioned observances.

A gauge of factory activity in the U.S. Mid-Atlantic region plummeted in August, falling to the lowest level since March 2009 and casting more doubts on the strength of the economic recovery, a survey showed on Thursday.

Shares of Eastman Kodak Co jumped for the second trading session in a row as investors bet that Kodak would cash in on the hot demand for tech patents.

Facebook finally has a serious competitor. At least, that's what social-media investor Sergio Monsalve thinks.

Shares of NetApp Inc fell 20 percent on Thursday, a day after the data storage equipment maker's weak revenue outlook further confirmed anemic tech spending by the U.S. government and large companies.

J. Cole's first album, Cole World: The Sideline Story, is due Sept. 27 as the Jay-Z protégé rapper kicks off his world tour ahead of the release, starting Aug.21 in New York City.

Actor Burt Reynolds may lose his home in foreclosure.

Video game retailer GameStop Corp said on Thursday that its quarterly profit fell as sales of video game hardware and software products underperformed, sending its shares down more than 5 percent.

A proposed combination of two Canadian patent licensing companies will make it easier to extract lucrative licensing deals from technology giants, would-be buyer WiLan said on Thursday.

Bailed-out insurer American International Group and dozens of banks have filed motions in federal court to block a proposed nationwide class-action suit against them over AIG's 2008 near-collapse.

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