IBT Staff Reporter

A senior U.S. Federal Reserve official said on Thursday he thinks it is time to consider tapering off or scaling back a $600 billion bond-buying program because of an improved economic outlook.

Boeing Co has won a contract to build new refueling planes for the U.S. Air Force, beating out Europe's EADS, the Pentagon said on Thursday.

Toyota Motor Corp said on Thursday it was recalling nearly 2.2 million vehicles over the risk that the accelerator pedal could be trapped by loose or misplaced carpet on the driver's side.

Dirk Kuyt's 86th minute header against Sparta Prague sent Liverpool into the last 16 of the Europa League with an aggregate score of 1-0.

Boeing Co has won a contract to build new refueling planes for the U.S. Air Force, beating out Europe's EADS, the Pentagon said on Thursday.

General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares fell below their IPO price as investor concerns shifted to the pressure from rising oil prices and higher costs of launching and selling new cars.

Satellite television provider Dish Network Corp's posted bigger-than-expected subscriber losses for the fourth quarter as many customers canceled their service after a dispute with Fox Network in October blacked out sports programs.

WikiLeaks founder Julian Assange, who rocked the U.S. government by publishing thousands of secret diplomatic memos, must be extradited to Sweden to face sex crimes allegations, a British judge ruled on Thursday.

When Oscar organizers unveiled their promotional campaign, You're Invited, they weren't kidding -- at least where Web audiences are concerned.

U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.

Months ahead of its November release, Bathesda offers a peek at the title's new gameplay elements.

Citing Connection and storage factors, Microsoft says that a small minority of phones were affected.

A Saudi college student was arrested in Texas yesterday and charged with planning terror attacks in the United States.

Taylor Swift recently posted a video diary on her website, documenting her recent tour in Asia city by city.

Bruised but not bowed, bulls staged a rebound on Thursday and helped stocks stabilize in a volatile session suggesting investors aren't ready to give up on the market's rally.

U.S. regulators' efforts to settle with banks over improper mortgage foreclosures are being hampered by infighting among the groups involved in the talks, and a settlement may take a while, according to sources familiar with the matter.

Oil surged more than 7.5 percent to its highest since August 2008 on Thursday on concern that uprisings in Libya could spread to other major oil producers in the Middle East, including Saudi Arabia.

Procter & Gamble Co will raise some prices as it absorbs higher commodity costs and its sales goal may be under pressure if business does not improve in the United States and other developed markets, Chief Financial Officer Jon Moeller said.

The Dow and S&P 500 closed down but well off the day's lows in a volatile session on Thursday, suggesting investors aren't ready to give up on the market's rally.

U.S. stocks fell for a third day on Thursday as U.S. crude oil prices hovered near $100 a barrel on violence in Libya.

The S&P 500 index on Thursday violated a trendline dating back to August as U.S. equities continued to struggle amid escalating oil prices and fears of violence spreading further across North Africa and the Middle East.

Mid-tier department store operator Kohl's Corp expects more sales gains this year, while discount retailer Target Corp said fewer shoppers are defaulting on their credit card debt -- signs that consumers' finances are getting better, slowly.

Top-seed Roger Federer and Australian Open champion Novak Djokovic overcame tough opening sets to reach the semi-finals of the Dubai Tennis Championships on Thursday.

Emboldened by the pending repeal of the Don't Ask Don't Tell law, President Barack Obama, and his top legal official, have concluded that in two pending cases, the Administration will not defend a federal law that defines marriage as being the union between one man and one woman.

U.S. consumers could see food costs spiking to levels seen during the food crisis of 2008 as higher commodity and energy prices force companies to raise prices on products lining grocery store shelves, the Agriculture Department said on Thursday.

The Dow and S&P slumped for a third straight day on Thursday as investors continued to fret about the economic impact of continued violence in Libya and oil prices, though gains in Priceline kept the Nasdaq in positive territory.

General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares fell below their IPO price as investor concerns shifted to the pressure from rising oil prices and higher costs of launching and selling new cars.

New U.S. single-family home sales fell more than expected in January, a government report showed on Thursday, pulled down by a plunge in activity in the country's West as a homebuyer state tax credit in California ended.

Anonymous dealt have taken down Westboro Church's websites and left a stern message to the radical religious group.