IBT Staff Reporter

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Blockbuster wins 3-month restructuring extension

Blockbuster Inc. on Thursday received three more months to negotiate store leases with its landlords -- its second restructuring extension this week -- giving the video rental chain more time to try to reorganize its business.

Key Piece Of Laser Weapon Built

Scientists at Los Alamos National Lab have built a key component to battlefield lasers that could arm U.S. navy ships by the end of the decade.

U.S. mafia is a national burden, says FBI director

Organized crime - as embodied by the U.S. mafia - hasn't gone away and is a nationwide concern for businesses and consumers, the head of the FBI said on Thursday after over 100 mafia members and associates were arrested and charged with a wide-range of crimes.

Gold Slumps to 2-Month Low as Dollar Rallies, Stocks Fall with Oil & Bonds

Reports that some financial institutions have started to exit their gold positions have been circulating this week, says French bank and London bullion dealer Natixis in its latest commodity analysis. Physically-backed ETF trust funds shrank almost 1% this week on Natixis' data - the sharpest weekly drop since we started keeping records in 2008.

Intel seen winning EU approval for McAfee deal: sources

Intel Corp is set to win EU approval next week for its $7.68 billion purchase of security software maker McAfee Inc after offering more concessions to ease antitrust concerns, two sources with direct knowledge of the matter said on Thursday.

Existing home sales surged in December

Home resales jumped more than expected in December despite bad weather as sellers cut prices, offering some hope for a sector that has been struggling to recover from its worst slump in modern history.

Arby's restaurant chain put up for sale

Wendy's/Arby's Group plans to sell its struggling Arby's roast beef sandwich chain to focus on the Wendy's hamburger business, undoing a 2008 deal engineered by billionaire investor Nelson Peltz.

Dow, S&P flat; Nasdaq falls after F5 results

The Dow and S&P were flat on Thursday while the Nasdaq slipped as investors paused to digest corporate earnings against raised expectations in a market many analysts viewed as extended.

Blockbuster wins more time to restructure

A bankruptcy judge on Thursday gave Blockbuster Inc three more months to negotiate leases, giving it a new lifeline as the video rental chain tries to reorganize its business.

Sex abuse scandals line John Paul's road to sainthood

The leadership of the Roman Catholic Church is embroiled, once again, in a sexual abuse scandal or, more properly speaking, another aspect of the same sexual abuse scandal that has haunted the Church for over 20 years.

SEC OKs asset-backed securities disclosure rules

U.S. securities regulators adopted new rules on Thursday that aim to give investors better information before they decide to invest in asset-backed securities, a market still struggling to recover from the financial crisis.

SEC sets asset-backed securities disclosure rules

U.S. regulators adopted new rules Thursday that seek to give investors better information before they decide to invest in asset-backed securities, a market that's still struggling to recover from the financial crisis.

Housing and jobs numbers signal firmer economy

U.S. home resales jumped more than expected in December and claims for new jobless claims last week posted their biggest decline in nearly a year, showing two key economic trouble spots on the mend.

F.B.I arrest close to 130 mobsters

The FBI has arrested more than 100 suspected mobsters on Thursday.This FBI Mafia bust is the largest ever in New York's organized crime history.

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