IBT Staff Reporter

Caterpillar Inc said growth in dealer sales of its heavy equipment slowed in the three months ended July, particularly in North America, reinforcing concerns about the struggling U.S. economy.

Exxon Mobil Corp sued the government to reverse a decision by the Department of the Interior to cancel offshore oil and gas leases estimated to yield tens of billions of dollars of oil.

The United States and euro zone are dangerously close to recession, Morgan Stanley said on Thursday, criticizing policymakers and predicting the European Central Bank will have to reverse its rates policy.

China Mobile said it hoped to launch Apple iPhones soon to accelerate uptake of high-end 3G services as it reported first-half profit at the top end of expectations.

U.S. stock index futures pointed to a sharply lower open on Thursday as a report that regulators were intensifying their review of European banks' U.S. units shook up investors.

A rare but deadly waterborne brain-eating amoeba called Naegleria fowleri has been blamed for three deaths in the United States within the last few weeks, according to recent reports.

Antrel Rolle, Jonathan Vilma have responded to the allegations against them from disgraced former University of Miami booster Nevin Shapiro.

An executive of Rovio, developer of the mobile game Angry Birds popular among users of Apple Inc's iPhone, said the company was worth several billion dollars, according to Finnish magazine Kauppalehti Optio.

Oil prices saw a major sell-off in early August, an event that foretold the North American stock market crash today.

Retailer Sears Holdings Corp , which is controlled by billionaire investor Eddie Lampert, reported a wider-than-expected quarterly loss on Thursday as weak sales, bigger discounts and higher costs at its Canadian unit ate into margins.

Retail store Abercrombie & Fitch is offering to pay Mike The Situation Sorrentino and the Jersey Shore cast not to wear their products on the show. Apparently, MTV's most popular show has done some significant damage to the A&F image. The on-air endorsement was addressed in CEO Mike Jefferies A&F earning call. Is no one going to ask about the Situation? Jefferies said during the company's meeting.

Factory activity in the Mid-Atlantic region plummeted in August, falling to the lowest level since March 2009, while existing home sales unexpectedly dropped in July, tempering hopes for a revival of economic recovery.

European food groups Nestle and Danone are the early frontrunners working on bids for Pfizer's Wyeth baby formula business, worth up to $10 billion, a banking source close to the situation said.

Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.

Stocks tumbled in New York after the opening bell this morning, prompting fears that America is heading into another deep economic recession.

The number of Americans claiming new jobless benefits rose last week and consumer prices increased at the fastest pace in four months in July, highlighting the challenges facing the Federal Reserve.

Highly trained sniffer dogs could possibly detect early signs of lung cancer on patients' breath, according to a study published in the European Respiratory Journal. German scientists said Thursday that research suggesting that "man's best friend" could be able to smell cancer revealed startling statistics from a number of dogs with cancer patients.

RIM Unveils Blackberry Bold 9900, the company's latest might just be its greatest. However, is that enough to get it back on track in the smartphone industry?

Drug developer Zogenix shares increased 4 percent in pre-market trading Wednesday after it announced that its chronic pain treatment performed well in a study. Zogenix will submit an application for approval for Zohydro to the FDA by early 2012.

Video game retailer GameStop Corp said on Thursday that its quarterly profit fell as sales of video game hardware and software products underperformed.

Key to Google's partnership with OEM manufactures was the rendering of the Nexus series of Android phones which was developed in conjunction with HTC and Samsung. However, Google's acquisition of Motorola Mobility has left the Android world wondering about the future of Nexus.

According to most critics, the album has its impressive moments. In spite of their large egos, Jay-Z and Kanye West are talented artists and bring great tracks to the table. But considering the hype surrounding their names, the album falls short. The rappers almost make it seem they are god-like themselves in the nearly blasphemous and impious track "No Church in the Wild."

Highly trained sniffer dogs could possibly detect early signs of lung cancer on patients' breath, according to a study published in the European Respiratory Journal. German scientists said Thursday that research suggesting that "man's best friend" could be able to smell cancer revealed startling statistics from a number of dogs with cancer patients.

U.S. economic growth in the first half of the year has been quite a bit slower than expected, a top U.S. central bank official said on Thursday, causing him to temper his expectations about the pace of economic recovery.

Consumer prices rose faster than expected in July as gasoline rebounded sharply, but a moderation in underlying price pressures backed the Federal Reserve's view of a low inflation environment.

Apple's latest lawsuit comes from 27,000 South Koreas, upset over privacy violations involving location services on the company's iPhone smartphone, iPad tablet and iPod Touch.

The Arabic network?s Kabul bureau chief has been held in prison since August 10 after being detained in occupied West Bank.

Upon first viewing the cover of W where "Breaking Dawn"'s Kristen Stewart is dolled up in a Gucci silk chiffon gown and pounds of make-up, you find it hard to believe that it is even her. She is in a 60's glam-themed look. Her hair is teased and blown out into a bouffant. Her eyes are winged in black and her lips are nude with dark eyebrows. Kristen Stewart is often criticized for her lazy, often under-dressed look. Some fans like her casual nature, while others hate it. Perhaps this...

Consumer prices rose faster than expected in July as gasoline rebounded sharply, but a moderation in underlying price pressures backed the Federal Reserve's view of a low inflation environment.