IBT Staff Reporter

One of the largest oil price routs in history came in early May as the United States led discussions with top Middle East producers to intervene in the market.

The Greek parliament approved detailed austerity and privatization bills on Thursday in a crucial vote to secure emergency funds and avert imminent bankruptcy, but longer-term dangers still lurk.

Google Inc can be sued for allegedly violating federal wiretap law in a lawsuit over the data collection methods of its Street View cars, a judge has ruled.

Argentina suffered a setback over its $100 billion debt default in 2002 when New York's highest court said the country should keep paying interest on some bonds even after they mature or investors demand their principal back early.

Toyota Motor Corp <7203.T> will continue to slash costs in a bid to swing back to an operating profit on a parent-only basis, The Nikkei business daily reported.

Arthur Cutillo, a former lawyer with the well-known Ropes & Gray law firm who admitted leaking corporate secrets in exchange for $32,500 in cash, was sentenced on Thursday to 2-1/2 years in prison for his part in a sweeping insider trading case.

A U.S. bankruptcy judge is prepared to approve a plan to bring DBSD North America out of bankruptcy by selling the telecommunications company to Dish Network Corp for about $1.4 billion.

Google Inc stopped inviting users to join its new social network less than 48 hours after beginning a limited rollout of the service.

The vast majority of self-directed investors say they don't understand the fees their brokers charge, and they aren't happy about it, says a new survey.

Treasury Secretary Timothy Geithner has signaled to White House officials that he is considering leaving the administration after a deal to raise the U.S. debt limit is reached, Bloomberg News reported on Thursday, citing three anonymous sources.

In order to take a break from government service, U.S. Treasury Secretary Timothy Geithner is considering leaving his post after President Barack Obama and Congress reach an agreement on raising the national debt ceiling.

Google's overwhelmed by the demand of its invitations for Google+ but the company may be making a mistake in doing a controlled release in the first place.

U.S. stocks ended a volatile quarter on Thursday with their biggest four-day rally since September as positive economic data and a temporary resolution of Greece's debt crisis indicated further gains in July.

Hedge fund manager John Paulson, a long-term investor in Bank of America , on Thursday said he welcomed the settlement reached between the lender and mortgage bond investors.

Ashton Kutcher recently attached an article The Village Voice printed regarding his Real Men campaign against human trafficking.

Internet telephone company 8x8 Inc said it entered into a partnership with Virtual Computing Environment Company to speed up deployment of its cloud computing services on a new platform, sending its shares up to an eight-year high.

Seven state prisons, camps, and work release facilities will close within 60 days, due to the state’s declining inmate population - something that will save the state millions of dollars, Gov. Andrew Cuomo announced Thursday.

A new study has found that smokers who receive encouraging text messages are more likely to be successful in quitting smoking. They study was published in the British medical journal The Lancet.

Their plane, which was specially-loaned airbus from the Canadian Forces landed at 2 p.m. local time.

The Federal Reserve ended its $600 billion bond-buying program, known as QE2, on Thursday and has yet to offer any hints of more monetary easing to come.

MBIA Inc may pursue a lawsuit accusing Bank of America Corp's Countrywide Financial unit of fraudulently misleading it about mortgage securities it insured, costing at least $1.4 billion.

Investors in Nasdaq newcomer Crumbs hope to cash in on the cupcake craze.

An avalanche of airplane orders from the largest U.S. airlines may be on the way, with at least four major carriers in talks to buy fuel-efficient narrow-body planes to renew aging fleets.

Kate Middleton and Prince William have landed in Canada.

If private equity firms had their way, Hewlett-Packard Co would look less like a monolithic tanker and more like a small fleet of streamlined schooners.

Google Inc can be sued for allegedly violating federal wiretap law in a lawsuit over the data collection methods of its Street View cars, a judge has ruled.

The Senate voted unanimously 94-0 to confirm General David Petraeus, the top American commander in Afghanistan to be the new director of the Central Intelligence Agency.

Alexandria's Criminal court postponed a verdict in the murder trial of Egypt's revolutionary icon, Khaled Said, today.

In this new feature, IBTimes Books provides a handy roundup of what authors are saying out there in the Twitterverse. Today, Margaret Atwood is working away on the third Madd Addam book, and Paulo Coelho is warning about attacks by mediocres.