IBT Staff Reporter

Levi Aaron's confession was published by NBC New York. It has since taken the Internet by storm.

ConocoPhillips will spin off its refining arm in a bid to improve investment returns for shareholders, abandoning the bigger-is-better strategy that drove oil giants into mergers.

The internet and social media have prepared Southern Californians for the Carmageddon countdown. It is just one day before Carmageddon, when a portion of the 405 Freeway from the Hollywood Hills to the 10 Santa Monica Freeway will close for the weekend starting Friday, July 15.

Republican Senator John McCain called on Wednesday for the creation of a bipartisan panel to draft long-sought legislation to combat data breaches and espionage aimed at U.S. companies and defense networks.

Levi Aaron's confession has taken the Internet by storm, since it was obtained from police and published by NBC New York.

New York state's pension fund earned 14.6 percent, rising to $146.5 billion in the 2011 fiscal year that ended on March 31, the state comptroller said on Thursday.

Google Inc's second quarter net income rose a better-than-expected 36 percent, as stronger sales softened the impact of rising costs at the Internet giant.

The International Monetary Fund on Thursday called for a greater sense of urgency to address the Greek debt crisis and warned Europe it was taking too long to repair its banking system in the face of growing risks of contagion.

ConocoPhillips will spin off its refining arm in a bet that each operation will be worth more as separate companies, abandoning the bigger-is-better strategy that had driven oil giants into mergers over the past 15 years.

A New York state appeals court revived Ambac Financial Group Inc's $1 billion lawsuit against JPMorgan Chase & Co over an investment vehicle that in 2007 and 2008 suffered heavy losses from toxic subprime debt.

Google Inc's second quarter net income rose a better-than-expected 36 percent, as stronger sales softened the impact of rising costs at the Internet giant.

According to a new government study in which 5,555 Americans were sampled, coffee and hot tea drinkers have double the advantage over non-drinkers in warding off superbug MRSA in their nostrils.

Federal Reserve Chairman Ben Bernanke warned on Thursday that overzealous cuts to government spending in the short term could derail a shaky recovery and said a debt default could wreak financial havoc.

Blockbuster has launched a promotion that offers disgruntled Netflix customers free trials to its movie service after Netflix hiked its subscription fees earlier this week.

Commercial lender CIT Group Inc said it has given notice that it will prepay $500 million of its $3 billion senior secured first lien term loan on July 15, 2011.

Leiby Kletzky's murderer Levi Aron made a chilling confession that has taken the Internet by storm, since it was obtained from police and published by NBC New York.

Food giant Nestle is taking a minority stake in a New Zealand maker of kiwi fruit-based products to prevent and treat constipation, expanding its presence in the field of gastrointestinal diseases.

Killer Levi Aron was formally charged in a New York court today after he killed a lost Brooklyn boy walking home from day camp. Levi Aron pleaded not guilty to charges of first-degree murder and kidnapping and is being held without bail.

Amazon will release an Android-powered device with a 9-inch display but no camera by October, according to a Wall Street Journal report Wednesday, citing unnamed sources familiar with the matter. Users would be able to watch videos, listen to music or read books bought from Amazon. But will it kill the Kindle sales?

The economy may not see a strong pick-up in growth in the second half of 2011 as the number of Americans filing for first-time jobless benefits remained high last week and retail sales barely rose in June.

People who drink tea or coffee regularly may be less likely to carry the MRSA infection in their nostrils, a new study published in the Annals of Family Medicine revealed today. MRSA, or methicillin-resistant Staphylococcus aureus, a staph infection-causing bacterium that is resistant to common antibiotics, is potentially lethal, causing pneumonia and blood infections.

Capital One Financial Corp and Wells Fargo are among the bidders for HSBC Holdings Plc's U.S. credit card portfolio, according to sources familiar with the situation.

Harry Potter and the Deathly Hallows: Part 2 countdown has begun!

Levi Aron's chilling confession in the grizzly murder of Brooklyn child Leiby Kletzky has taken the Internet by storm, since it was obtained from police and published by NBC New York.

JPMorgan Chase & Co posted a higher-than-expected second-quarter profit as it wrote off fewer bad mortgages and credit card loans.

According to a new government study in which 5,555 Americans were sampled, coffee and hot tea drinkers have double the advantage over non-drinkers in warding off superbug MRSA in their nostrils.

A new study says Google and other search engines have an effect on people's memories.

Blockbuster is seeking to persuade incensed Netflix Inc customers to switch their allegiances, after the fast-growing online video service provoked a storm of outrage this week by raising prices as much as 60 percent

A Canadian consortium would rather woo TMX Group then press forward with its hostile takeover bid, but it says it will do whatever it takes should talks with the Toronto Stock Exchange operator break down.