IBT Staff Reporter

The stock market was on fire today after investor confidence increased after two promising reports on the job market were released. The Dow Jones industrial average gained 94 points or 0.7%, closing at 12.720.

Bristol Palin made some remarks on The View which spark controversy.

In a breathtaking response to a scandal engulfing his media empire, Rupert Murdoch moved on Thursday to close down the News of the World, Britain's biggest selling Sunday newspaper.

JPMorgan Chase & Co is close to vaulting past Bank of America Corp to become the biggest bank in the United States, but it will likely get there in an odd way -- by shrinking less than its rival.

Rupert Murdoch's News Corporation will close its tabloid News of the World after this Sunday's edition, as a result of an escalating phone hacking scandal, James Murdoch said on Thursday.

The Federal Reserve's $600 billion Treasury buying spree is over and the bond market is growing nervous now that its biggest bidder has stepped aside.

by Andrea JohnsonBRADENTON/NEW YORK, July 7 - One of the U.S. high-grade market's favorites, Caterpillar Financial Services, is becoming quite the regular issuer in the offshore yuan-denominated market, also called the dim sum or CNH bond market.

'One Life to Live' is given a second life on the internet

If recent reports are any indicator, Apple is planning on producing an iPhone 5 -- and there will be a lot of them to be sold.

Mariah Carey resurfaced Wednesday, two months after giving birth to her twins Monroe and Moroccan.

During the waning hours of testimony that led to the sentencing of Casey Anthony murder trial to four years for lying to investigators. Orange County Court Judge Belvin Perry says she can go free in late July or early August because she has already served nearly three years in jail and has had good behavior.

A federal appeals court threw out a lawsuit accusing JPMorgan Chase & Co of violating U.S. racketeering law by conspiring with Bernard Madoff to further his Ponzi scheme.

News International Chairman James Murdoch said on Thursday he regretted the phone-hacking scandal that has led to the closure of the News of the World tabloid and defended his chief executive Rebekah Brooks, a former editor of the paper.

Stocks closed sharply higher and the Nasdaq notched an eighth day of gains on Thursday as improved labor market and retail sales data added to optimism a day before the critical June payrolls report.

Exeter Property Group, a real estate private equity firm, has bought a portfolio of 19 industrial buildings, primarily in Indiana and Tennessee, for about $240 million, reflecting investor demand for U.S. warehouse and distribution centers, the deal's broker, Jones Lang LaSalle Inc , said on Wednesday.

Casey Anthony, the young woman accused of murdering her 2-year-old daughter using duct tape and chloroform, was sentenced to four years in prison this morning. Unfortunately, the three years that she has already spent behind bars will be counted. Court officials said that Anthony will be released from the Orange County Jail July 13.

BlackBerry maker Research In Motion said on Thursday it has added more than one million subscribers in Europe, the Middle East and Africa in less than three weeks.

New copyright agreement aimed at stopping pirated content on the web.

Stocks closed sharply higher and the Nasdaq notched an eighth day of gains on Thursday as improved labor market and retail sales data added to optimism a day before the June jobs report.

Spain's Telefonica said it has agreed a plan with unions to cut up to 6,500 workers over the next three years, about 20 percent of its domestic workforce.

Casey Anthony murder trial has been a long nightmare for her family, the jurors, and those who followed emotionally through the trial, verdict and sentencing. Even after today's sentencing and beyond Anthony's release on July 13th, the never-to-be-known cause of Caylee's death and the sickening memories of the long trial may haunt the nation for a while. For the jurors, there may be lifetime effects, said a psychotherapist.

Top U.S. retailers reported better-than-expected June sales after luring shoppers with targeted bargains that they will now have to keep in place to satisfy shoppers through the summer.

A few strong data points was all Wall Street needed to rally on Thursday, but on Main Street caution is still king and dividend-paying stocks are in favor.

LONDON, July 7The News of the World is in the business of holding others to account, the deputy chief operating officer of News Corporation told staff of the 168-year-old newspaper.

Morgan Stanley's wealth management arm for the super-rich hired a former Merrill Lynch private banking executive, Devon Baranski, to lead its U.S. Southwest region, according to an internal memo obtained by Reuters.

The Federal Reserve's $600 billion Treasury buying spree is over and the bond market is growing nervous now that its biggest bidder has stepped aside.

Casey Anthony's different reactions in the courtroom, laughing, staring, sobbing.

Facebooks new feature of video calling powered by Skype, launched, followed by the introduction of ‘Hangout’, video chat by Google in Google+ is not supported for all Operating systems.

Emma Watson teared up during speeches at the world premiere of Harry Potter and the Deathly Hallows - Part 2