IBT Staff Reporter

The U.S. Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) will conduct a recruitment drive across ten universities in the country to hire scientists who can conduct scientific studies, complete National Environmental Policy Act (NEPA) reviews, and fill important positions in environmental compliance.

Brent crude fell for a second day on Thursday, shedding as much as 0.4 percent toward $115, after the resignation of Portugal's prime minister rekindled euro-zone concerns, prompting oil traders to unwind long positions and take profits.

Radiation from the damaged Japan nuclear plant reaches U.S.. EPA, which is monitoring the radioactive substances and isotopes, assures that it is far below levels of concerns.

Internet telephone service Skype said it named Jonathan Chadwick, a former McAfee financial executive, as its chief financial officer.

A Manhattan federal judge dismissed part of a lawsuit by Lions Gate Entertainment Corp against Carl Icahn that accused the activist investor of plotting to merge the studio with Metro-Goldwyn-Mayer.

Oracle Corp is poised to provide fresh evidence of the upward curve of technology spending on Thursday, and to detail its battle plan against emerging competitor Hewlett-Packard Co as the two tech giants vie to lead the datacenter revolution.

Best Buy Co Inc is poised to report its third straight quarter of same-store sales declines on weak demand for televisions and entertainment software in the all-important holiday season.

Brent crude fell for a second day on Thursday, shedding as much as 0.5 percent toward $115, after the resignation of Portugal's prime minister rekindled euro-zone concerns, prompting oil traders to unwind long positions and take profits.

Social media service GetGlue has reached a new broadcast partnership with Comcast Corp's NBC Universal's cable networks, including USA Network, SyFy and MSNBC, to reward users for alerting friends on Facebook whenever they are watching TV shows.

It was a brief, surprising, handshake between two men at opposite sides of the biggest Wall Street insider trading trial in decades.

Bill Nguyen, the serial entrepreneur who sold his last company to Apple Inc in 2009, is launching a new cellphone-based social network which aims to challenge Facebook's dominance in social communications beyond the personal computer.

With a route length of 57 km and a total of 151.84 km of tunnels, shafts and passages, the Gotthard Base Tunnel beneath the Alps in Switzerland is the world's longest rail tunnel.

Gameloft SA , a French video game publisher, sees its growth coming from the just-launched Amazon AppStore and from games played on televisions without consoles, the top executive told Reuters.

Goldman Sachs Group Inc chief Lloyd Blankfein testified that a former director at Wall Street's most powerful bank violated confidentiality by leaking boardroom secrets to hedge fund manager Raj Rajaratnam.

Wireless broadband network company LightSquared has won a deal to help Best Buy Co Inc instead of looking to LightSquared to expand its access to wireless airwaves.

Toyota Motor Corp <7203.T> will slow some North American production because of supply disruptions caused by the earthquake and tsunami in Japan.

Social media service GetGlue has reached a new broadcast partnership with Comcast Corp's NBC Universal's cable networks, including USA Network, SyFy and MSNBC, to reward users for alerting friends on Facebook whenever they are watching TV shows.

Starbucks Corp wants to make sales of its coffee and other products in the grocery aisle rival its traditional cafe business, according to Chief Executive Howard Schultz.

The Eiffel Tower in Paris was evacuated for three hours on Wednesday after police received an anonymous call about a package set to explode, although it was later determined that the package was harmless.

Martin Gruenberg, the vice chairman of the Federal Deposit Insurance Corp, is in line to be a possible successor to Chairman Sheila Bair after she steps down later this year, the Wall Street Journal reported on Wednesday.

A money manager who claimed ties to Belgian royalty was sentenced on Wednesday to 3 to 9 years in prison after pleading guilty to running a $7 million Ponzi scheme, Manhattan's district attorney said.

Australia's top airline Qantas has raised airfares to offset rising fuel costs that is threatening airline profits.

European Union leaders are unlikely to take a decision on how to strengthen the euro zone's bailout fund until June, undermining market confidence and possibly prolonging the region's debt crisis.

Yahoo Inc has revamped its Internet search service to sense queries and showcase answers from movie listings to weather forecasts, even as users are typing in a word.

Swiss bank UBS tricked victims of Bernard Madoff's giant Ponzi scheme by sponsoring a Luxembourg-registered fund that for four years fed assets directly to the fraudster without saying so in its prospectus, a Paris court heard on Wednesday.

Germany could be the first industrialized nation to abandon nuclear power for good.

Record company attorneys cite thousands of copyright infringements caused by LimeWire users, but the court is less sympathetic.

New York Gov. Andrew Cuomo says U.S. nuclear regulators have agreed to make the Indian Point power plant their top priority as they review seismic risks in some of the nation's nuclear plants.

U.S. crude ended at a 2-1/2 year high on Wednesday as Palestinian rocket strikes on Israel escalated Middle East geopolitical risks and U.S. gasoline inventories posted the biggest seasonal decline on record.