IBT Staff Reporter

Two Democratic political consultants may proceed with their suit alleging that The Huffington Post's founders stole their idea for the news website, a New York judge has ruled.

Stocks rose for a second day, erasing early losses in a volatile day on Thursday as earnings helped technology and consumer discretionary stocks after a substantial fall for equities this month.

Rising inflation, higher commodity prices and lower global economic growth will weigh on margins of S&P 500 <.SPX> companies, said Goldman Sachs, as it forecast a lower 2012 earnings outlook, and reduced its year-end target on the index.

The International Monetary Fund may withhold the next slice of aid to Greece due next month, the head of euro zone finance ministers said on Thursday, spooking markets with the possibility of default.

A senior U.S. banking regulator urged Congress to raise the federal debt ceiling to prevent a calamitous government debt default.

Stocks extended their gains on Thursday, with the Dow turning positive and the Nasdaq hitting a session high despite some discouraging data earlier.

Apple has settled a lawsuit with a New York City teenager who sold more than $130,000 worth of unauthorized white iPhone conversion kits.

The green technology industry was warned on Thursday that its growth is threatened by a failure to recycle metals and especially rare earth elements.

Nasdaq OMX Group's <NDAQ.O> failed bid for long-time rival NYSE Euronext <NYX.N> was a brief interlude for management and a disappointment, and now the exchange is moving on, its chief executive said on Thursday.

Authorities in Joplin, Mo., will release a list of people still missing after Sunday's deadly tornado.

NYPD Officers accused on rape found not guilty, convicted of misconduct

On Wednesday, the Port Authority of New York and New Jersey officially announced a deal with publisher Condé Nast to make the company the primary tenant of One World Trade Center.

Arab leaders were wrong to block Internet access in an effort to quell popular revolts as such moves only hurt their own economies, Google Chairman Eric Schmidt said on Thursday.

Corporate profits in the U.S. unexpectedly contracted in the first quarter to record their first decline in more than two years and the economy grew at the same pedestrian pace as previously estimated, a government report showed on Thursday.

Thursday, Google officially announced the debut of Google Wallet and Google Offers mobile payment services, which could potentially threaten rival services such as Paypal, credit cards, and Groupon.

Buster Posey, the San Francisco Giants' star catcher and last year's NL Rookie of the Year, sustained a serious injury last night in the Giants' loss to the Florida Marlins last night, 7-6 in twelve innings.

Influential hedge fund manager David Einhorn has called for Microsoft Corp Chief Executive Steve Ballmer to step down, saying the world's largest software company's leader is stuck in the past.

UBS is planning to relocate its investment bank outside Switzerland, the Wall Street Journal said, to side-step tough new local bank regulations and better deploy its capital.

Oil fell back on Thursday as disappointing U.S. economic data and renewed euro-zone debt worries stoked fresh oil demand concerns.

The malware that has been making the rounds of Macintosh computers in the last few weeks may have a similar author as a Windows-based scareware that appeared at about the same time.

Stocks fell on Thursday following a rise in weekly jobless claims that added to concerns about an impending economic slowdown, while Goldman Sachs lowered its forecast for the S&P 500 index.

Last night's American Idol finale featured some of the biggest stars in the music business rocking the stage.

The search for victims is continuing unabated on Thursday, just days after a massive tornado struck Joplin, Missouri, a city of 50,000 and killed 125 in the latest death toll count.

The New York Mets sold less than 49 percent of the team to David Einhorn, president of Greenlight Capital Inc.

Unexpectedly weak consumer spending kept the economy stuck in a slow growth gear in the first quarter and would likely struggle to regain speed amid signs of a slowdown in the pace of job creation.

One month before Regents exams begin, New York State education officials have decided to end the practice of rescoring tests to turn a just-failing grade into a passing grade.

Amazon is once again offering Lady Gaga's Born This Way album for $0.99 after its initial offer on Monday brought down its servers due to heavy demand.

New U.S. claims for unemployment benefits unexpectedly climbed to 424,000 last week from a revised 414,000 in the prior week, pointing to a painfully slow improvement in the nation's job markets.

The New York Jets may not hold their training camp on the campus of SUNY-Cortland, in upstate New York, because of the lockout, instead training at their headquarters in Florham Park, New Jersey.