IBT Staff Reporter

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Jobs growth disappoints but jobless rate falls

Employers hired fewer workers than expected in December and a surprisingly large number of people gave up searching for work, tempering the positive news of a big drop in the unemployment rate.

Super-Hot Spicule Plasma Behind Sun's Outer Heat

Scientists have solved a longstanding mystery of why the Sun's outer atmosphere, or corona, is millions of degrees hotter than its surface. The answer lies in fountains of plasma called spicules that shoot up from the Sun's surface.

AIG recap deal nears, share sale seen in May

The recapitalization of bailed-out insurer American International Group Inc is likely to close next week, a person familiar with the matter said on Friday, as AIG shares touched fresh highs on news it was getting closer to the deal.

Alcoa Q4 profit seen strong on rising demand

The aluminum industry has struggled for two years since the recession, but demand and prices have started to rise and one of the metal's biggest producers, Alcoa Inc , is poised to start growing in profitability, analysts say.

Instant view: Payrolls up 103,000 in December

The U.S. economy created far fewer jobs that expected in December, suggesting the Federal Reserve will complete its asset buying program, but the unemployment rate dropped to its lowest in more than 1-1/2 years.

Bernanke more hopeful recovery is sustainable

The U.S. economy may be finally hitting its stride, even if growth remains too weak to put a real dent in the nation's jobless rate, Federal Reserve Chairman Ben Bernanke said on Friday.

AIG rallies, share sale seen in May

The recapitalization of bailed-out insurer American International Group Inc is likely to close next week, a personal familiar with the matter said on Friday, as AIG shares touched fresh highs on news it was getting closer to the deal.

Eurozone GDP growth slows in Q3

Economy in both the euro area and the EU27 grew at a much slower pace in the second quarter, according to the second estimate by Eurostat, the official statistical office of the European Union

Jobs growth stumbles even as jobless rate falls

Employers hired fewer workers than expected in December and a surprise fall in the unemployment rate to its lowest level in more than 1-1/2 years was in part due to people giving up the search for work.

Dell Rolls Out Streak 7 Android Tablet, Venue Phone

Dell, known for its laptop and desktops, has launched a new Android 2.2-based touchscreen tablet computer Streak 7, expanding its mobility portfolio. The computer giant also showcased a new smartphone, the Venue.

PREVIEW-Alcoa Q4 profit seen strong on rising demand

The aluminum industry has struggled for two years since the recession, but demand and prices have started to rise and one of the metal's biggest producers, Alcoa Inc , is poised to start growing in profitability, analysts say.

AIG rallies on step toward recapitalization

Shares in bailed-out insurer American International Group Inc hit their highest level since early October 2008 on Friday after the company took a major step toward closing its recapitalization.

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