IBT Staff Reporter

Stocks advanced more than 2 percent on Thursday in another volatile session as upbeat results from Cisco and a better-than-expected labor market report offset renewed concerns about the euro zone banking system.

Physical gold is the ultimate collateral because it has no credit risk, according to the Bank of America Merrill Lynch?s Global Commodity Research team.

A spectacular treat awaits star-gazers as the Perseid meteor shower peaks on August 12-13, generating visuals of fast-moving shooting stars.

As the Perseid Meteor Shower approaches its peak time in the overnight hours of Friday and Saturday, the full moon is expected to thwart skywatchers from enjoying the best beauty of the beloved shooting stars.

Shares of Cisco Systems Inc surged 17 percent on Thursday, a day after it forecast a modest increase in current-quarter revenue, following months of uncertainty surrounding its business.

Yap.tv, a social TV guide app for iOS added enhanced navigation, instant live chat and connects users with friends and social circle in its updated version 3.0 on Wednesday.

Gold, and only gold, will be our salvation when the value of companies, banks, countries and even money itself melts away. Gold, not shifting currencies, is the foundation of wealth and security. Gold is back, for good.

Wildchild Angelina Jolie's transformations through the years

The manhunt for three objectively troubled Florida siblings ended in the Rocky Mountains Wednesday. The day before they went on the run, Ryan Dougherty was convicted in Volusia County of a sex offense involving a child.

One bank in Asia has cut credit lines to major French lenders while five other banks in Asia are reviewing trades and counterparty risk as worries about the exposure of French banks to peripheral euro zone debt mounts, banking sources told Reuters on Thursday.

Britain is considering disrupting online social networking such as Blackberry Messenger and Twitter during civil unrest, Prime Minister David Cameron said Thursday, a move widely condemned as repressive when used by other countries.

HP is making the right move by permanently cutting the price of its Touchpad tablet according to one analyst.

Stock index futures pointed to a flat open and another session of volatility on Thursday as renewed concerns about the euro zone banking system pushed down European shares.

Chimp victim Charla Nash reveals her new face on NBC's "Today" show.

U.S. stock index futures pointed to a flat open and another session of volatility on Thursday as renewed concerns about the euro zone banking system pushed down European shares.

The number of Americans claiming new jobless benefitsdropped to a four-month low last week, a sliver of hope for an economy that has been battered by a credit rating downgrade and falling share prices.

Deere & Co said U.S. securities regulators are probing the farm equipment maker for possible violations of laws on activities in other countries.

One bank in Asia has cut credit lines to major French lenders while five other banks in Asia are reviewing trades and counterparty risk as worries about the exposure of French banks to peripheral euro zone debt mounts, banking sources told Reuters on Thursday.

Some $4 trillion has been wiped off the value of world stocks this month on concerns the euro zone debt crisis is spreading to Italy and Spain and hurting Europe's banking system, and the global economy is falling into recession.

A female principal of a private Christian school in Memphis was found dead in a classroom on Wednesday and a 17-year old male student was taken in custody.

New York Mayor Michael Bloomberg administration has filed a formal challenge to the 2010 census on Wednesday, alleging it may have overlooked "tens of thousands" of Queens and Brooklyn residents at the least.

New U.S. claims for unemployment benefits dropped to a four-month low last week, government data showed on Thursday, a rare dose of good news for an economy that has been battered by a credit rating downgrade and falling share prices.

The U.S. Food and Drug Administration has approved Gilead Sciences' Complera (emtricitabine/rilpivirine/tenofovir disoproxil fumarate) for treatment of HIV-1 in adults who are new to treatment. The daily tablet consists of a fixed-dose combination of Truvada and NNRTI rilpivirine.

Mars Rover Opportunity has reached its next destination, the massive Endeavour crater.

Stock index futures fell on Thursday along with European shares as concerns resurfaced about the euro zone banking system.

New York Mayor Michael Bloomberg said on Wednesday he has filed a formal challenge with the U.S. Census Bureau over the 2010 count, saying it may have overlooked at least "tens of thousands" of New Yorkers.

A judge sentenced a second former New York City police officer cleared of rape to 60 days in prison for misconduct on Wednesday, saying he will forever wear a "bright scarlet letter" for repeatedly visiting a drunken woman's apartment.

Alibaba.com, China's largest e-commerce firm, beat forecasts with a 29 percent rise in quarterly net profit, its smallest rise in about 1-1/2 years, and warned that the adverse global economic outlook could hit its second half.

Colton Harris-Moore claims restitution money was his idea