IBT Staff Reporter

President Barack Obama on proposed $120 million in new tax credits for businesses that hire U.S. veterans returning from Iraq and Afghanistan at a time of high unemployment at home.

U.S. job growth accelerated more than expected in July, tamping down fears the economy was sliding into a fresh recession and easing pressure on the Federal Reserve to provide more support for the weak economy.

Stocks closed out its worst week in more than two years on Friday in a volatile session that saw major averages whip back and forth before the S&P 500 settled with a slim loss.

Chinese electric motor maker Harbin Electric on Friday denied any Securities and Exchange commission investigation against it, while responding to an allegation made by Citron Research in a recent blog post.

Top Morgan Stanley officials purchased thousands of shares this week as the U.S. investment bank's stock price fell to new two-year lows, according to regulatory filings.

It's known for its Broadway shows, designer shops and exclusive restaurants but there are plenty of things to enjoy in the Big Apple without burning a hole in your pocket.

Sony Corp plans to launch a range of organic electroluminescent monitors for commercial users this month, priced almost 70 percent below existing models, the Nikkei business daily reported.

Stocks slipped back into the red late on Friday after fluctuating between big gains and losses in a wildly volatile session with trading volume in equities and options on track to set another record.

Boeing said that two of its employees will act as crew members in the first manned mission of its new astronaut capsule. The company confirmed that it will use the Atlas 5 rocket to test on three flights in 2015.

According to a new report from the Defense Department Inspector General, the U.S. Army failed to properly test five million plates of body armor that were to be used to protect soldiers on the battlefield.

Wall Street's advice to investors battered by plunging markets: Keep buying stocks.

U.S. bank stocks declined on Friday as investors sold off shares of some of the largest U.S. lenders amid new fears surrounding the European debt crisis and a U.S. economy showing little new growth.

A New Orleans jury began deliberating Wednesday after a shooting occurred when a dozen officers responded to a radio call that police had been fired on and that the shooters were headed toward the Danziger Bridge, just days after the Hurricane Katrina storm.

Looking to gain some ground on the iPad, HP slashed the price of its TouchPad tablets.

Keira Knightly will star in "A Dangerous Method:" a film about a psychiatrist whose mentor is Sigmund Freud, and his patient.

Prime Minister Silvio Berlusconi pledged on Friday to bring forward austerity measures and bring Italy's budget into balance by 2013, a year ahead of the original plan, in a bid to stem rising turmoil on world markets.

'Weeds' is well into its latest season and soon to be joining the cast is Michelle Trachtenberg, who will guest-star on two episodes.

'William & Catherine: a Romance' follows the relationship of Kate Middleton and Prince William.

Allianz and Generali followed rivals in aggressively writing down holdings of Greek government bonds on Friday, fuelling investor concerns about the possible impact on global insurers of a worsening sovereign debt crisis.

U.S. stocks rose in volatile trade on Friday as investors saw a buying opportunity following the sharp sell-off that took the S&P 500 down 10 percent over the last 10 sessions.

U.S. stocks rose in volatile trade on Friday as investors saw a buying opportunity following the sharp sell-off that took the S&P 500 down 10 percent over the last 10 sessions.

Here are the pick of the transfer rumours from Arsenal, Chelsea, Liverpool and Manchester United.

Guidewire Software Inc, which sells software to the insurance industry, is gearing up to go public and has selected JPMorgan Chase & Co and Deutsche Bank to underwrite the deal, people close to the matter said.

A sequel to the Great Recession in the United States just two years after the downturn is not likely because demand for temporary workers, a leading indicator of both upturns and downturns, remains steady, staffing industry executives say.

Scientists found evidence of saltwater on Mars. Shifting dark streaks on the planet's surface imply that there is water flowing on Mars.

An adjunct math professor at a Philadelphia area college jumped to Wednesday headfirst to his death.

NASA launches Juno into space as the spacecraft heads towards the solar system's biggest planet.

Roseanne Barr announced on Thursday's show that she will be running for the presidency of the United States. She stated that her running mate will be all of the American taxpayers and that she would not run under either the Democrat or Republican parties, but instead run under the "Green Tea Party."

Bailed-out insurer American International Group plans to hold on to its mortgage insurance business even as the rest of that industry struggles with rising claims, AIG's chief executive said on Friday.