IBT Staff Reporter

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Jobs data optimism fuels Wall St rally

Investors betting on a big gain in U.S. payrolls pushed Wall Street to its best one-day rally in three months on Thursday, but weak volume lingers as a concern for those hoping for another leg higher.

PIMCO's Gross urges slow pace of deficit cuts

Bill Gross, co-chief investment officer of PIMCO, the world's biggest bond fund manager, on Thursday urged lawmakers to cut the massive federal deficit but not so swiftly as to choke off the nascent U.S. economic recovery.

Wall St jumps in big payrolls bet

Investors betting on a big gain in U.S. payrolls pushed Wall Street to its best one-day rally in three months on Thursday, but weak volume lingers as a concern for those hoping for another leg higher.

Obama, Calderon reach deal in trucking dispute

President Barack Obama said on Thursday the United States and Mexico had agreed on a way to solve a long-simmering cross-border trucking dispute that has hurt trade between the two neighbors.

SAP could face criminal case from new Bay Area AG

SAP AG has been ordered to pay Oracle Corp $1.3 billion for stealing files in Silicon Valley's priciest legal controversy -- and San Francisco's top federal prosecutor may raise the stakes even more.

DreamWorks options movie rights to WikiLeaks books

The DreamWorks studio has optioned movie rights to a pair of books about WikiLeaks founder Julian Assange and his controversial Website that is bent on revealing government secrets, company officials said on Thursday.

Small firms created jobs in February

Small U.S. firms began creating jobs in February after years in which employment was shrinking, the National Federation of Independent Business said on Thursday in the latest sign of firming job markets.

The Rodney King Beating 20 Years Later - Its Impact on LAPD

A beating by Los Angeles police of motorist Rodney King caught on video twenty years ago triggered a national debate on racism and police brutality, and prompted an investigation that laid the groundwork for closer civilian supervision of the Los Angeles Police Department.

Oil falls as market eyes Libya plan

Oil prices retreated from near 2-1/2 year highs on Thursday as traders took profits after Venezuela pitched a plan to resolve the Libyan crisis, despite deep skepticism about whether it would work.

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