IBT Staff Reporter

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This has been a season of progress for the American people: Obama

US president Barack Obama welcomed the US Senate's ratification of the new strategic arms reduction treaty between the country and its former cold-war rival Russia. The President maintained that Wednesday's vote proves that Washington is not headed for 'more partisanship and more gridlock'.

Former spy Anna Chapman looks at career in politics

Once a Russian spy, later a model posing for an erotic shoot in Agent Provocateur lingerie for Maxim, now in search of promising career in the country's politics -- the flamed-haired beauty, Anna Chapman, has now joined a youth political movement in Russia. The 28-year-old glam-girl is one of 11 alleged Russian secret agents deported by US in July this year.

Five million Britons to shop online on Xmas Day

Almost 5 million Britons are expected to go online on Christmas Day and spend over 150 million pounds ($232 million) as they look to grab bargains and beat a rise in January in VAT sales tax, a retail group said on Thursday.

World stocks scale two-year highs

World stocks hit their highest level since September 2008 on Thursday while oil held near a two-year peak as favorable U.S. data reinforced expectations economic growth will retain momentum into next year.

Growth view fuels gains in commodity stocks, oil

Asian shares edged higher on Thursday with gains led by resource-linked stocks, and oil traded just below the two-year high it hit yesterday on cautious but growing optimism of the health of the world economy.

Stock index futures unchanged

Stock index futures pointed to a flat opening on Wall Street on Thursday, with futures for the S&P 500 down 0.04 percent, Dow Jones futures up 0.01 percent and Nasdaq 100 futures up 0.01 percent at 0917 GMT (4:17 a.m. ET).

China says willing to help euro zone return to health

China is willing to help countries in the euro zone return to economic health and will support the International Monetary Fund element of a bailout package for the bloc, a Chinese Foreign Ministry spokeswoman said on Thursday.

Sony in talks to buy back Toshiba chip line: source

Sony Corp is in talks to buy a Japanese microchip production line from Toshiba Corp for an estimated 50 billion yen ($598 million) to boost its output of chips for cameras and mobile phones, an industry source said on Thursday.

Commodity stocks rise on growth view, oil climbs

Resources-linked stocks rose and oil climbed toward the $91 per dollar mark for the first time in more than two years after latest U.S. data offered yet another sign that the world's biggest economy is on the mend.

Obama to push for Dream Act again in 2011

President Barack Obama said on Wednesday that he will work to change the politics of the immigration debate on children of illegal immigrants in 2011 by engaging Republicans and making his case to the American people to pass the DREAM Act.

Starbucks says grocery coffee share down since 2004

Starbucks Corp unveiled new details about its unraveling relationship with Kraft Foods Inc on Wednesday, ahead of a court conference on Kraft's request to force Starbucks to stop plans to take over distribution of its packaged coffee.

The smart investment choice in 2011 will be Gold

When the return on savings is less than the rate of inflation it doesn't matter that gold doesn't provide you with an income. Tightly supplied and indestructible, it offers a natural and obvious alternative to cash. Inflation expectations are rising as 2011 begins.

Ground Zero health bill passes Senate

The long fight for healthcare and compensation for Ground Zero workers is finally over. The U.S. Senate today passed the James Zadroga 9/11 Health and Compensation Act by unanimous consent.

Former law firm partner charged with helping Starr operate Ponzi scheme

The Securities and Exchange Commission (SEC) has charged Jonathan Bristol, a former law firm partner, with aiding and abetting Kenneth Ira Starr's Ponzi scheme by allowing Starr to use his attorney trust accounts as conduits for transferring the funds stolen from Starr's clients to Starr and his two companies for personal use.

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