IBT Staff Reporter

Toshiba Corp may see profit in its liquid-crystal display business recover to more than 10 billion yen ($119 million) for the year to March, compared with its previous forecast of zero, its chief executive said on Thursday.

Dec 16, 2010

The euro steadied on Thursday as dealers squared up positions ahead of a meeting of European Union leaders, while U.S. Treasuries bounced after a selloff overnight took 10-year yields above 3.5 percent, sending some investors hunting for value.

Dec 16, 2010

Annette Bongiorno, one of Bernard Madoff's longest serving employees, will have to give up at least $2.4 million and her husband's money for a judge to consider granting her bail on criminal charges, a New York court heard on Wednesday.

Dec 16, 2010

European Union leaders meet on Thursday to try to agree the next steps in tackling a year-long debt crisis that has consumed Greece and Ireland and threatens to spread to Portugal and Spain.

Dec 16, 2010

Corning Inc has developed a clean, razor thin glass that is sturdy enough to withstand everyday scratches -- a dazzling breakthrough that has done little for its bottom line.

Dec 15, 2010

The groundwork is in place for a stable yuan because China's current account surplus is trending down and other currencies have been swirling about in choppy trade, an official newspaper said on Thursday.

Dec 15, 2010

The company introduces speech recognition to Android 2.2 phones, which can recognize the user's phone and understand their specific dialect.

Dec 15, 2010

A senior executive of China's top search engine, Baidu Inc, forecast its top-line and bottom-line growth rates to moderate over the next year, sending its shares down 6 percent on Wednesday.

Dec 15, 2010

Creditors of Lehman Brothers Holdings Inc, including hedge fund Paulson & Co, may file a competing reorganization plan for distributing the bank's assets, a person familiar with the matter said.

Dec 15, 2010

The U.S. sued BP and eight other defendants on Wednesday over the Deepwater Horizon oil spill in the Gulf of Mex ico, seeking civil penalties under the Clean Water Act.

Dec 15, 2010

Lehman Brothers Holdings Inc bondholders filed a rival plan to parcel out the bank's estimated $58 billion in assets in the largest U.S. bankruptcy reorganization on record.

Dec 15, 2010

Google Inc's YouTube is in talks to buy Web show maker Next New Networks in what would be the video sharing site's first foray into content production, the New York Times reported on Wednesday.

Dec 15, 2010

General Motors Co has bought back the government's holdings of GM preferred stock issued in the automaker's bailout for $2.1 billion, the U.S. Treasury Department said on Wednesday.

Dec 15, 2010

A class action suit against AT&T for back wages and damages, filed on behalf of some of its information technology workers, has picked up more plaintiffs.

Dec 15, 2010

(Following Justice Department correction, makes clear Lloyds was Transocean's insurer, not BP's, in paragraph 2)

Dec 15, 2010

A U.S. Border Patrol agent is dead, shot in a gun battle Tuesday night at the U.S.-Mexico border near Rio Rico, Arizona.

Dec 15, 2010

Twitter has raised $200 million of financing in a deal that values the microblogging company at $3.7 billion, less than a year after it began its first serious efforts to make money.

Dec 15, 2010

Web commerce company eBay Inc said on Wednesday it acquired Critical Path Software, a mobile software application developer, as the company further embraces selling via mobile.

Dec 15, 2010

Bank of America Corp on Wednesday said investors delayed a technical default on the bank over its mortgage servicing unit, allowing more time for talks about alleged contract violations.

Dec 15, 2010

Citigroup Inc will officially open a new, high-tech branch in New York City on Thursday, in an effort to woo more business from wealthy, urban customers.

Dec 15, 2010

Supporters of WikiLeaks who last week attacked the websites of MasterCard and Visa, say they are tweaking the software used for those assaults in a bid to create more powerful tools for possible future protests.

Dec 15, 2010

Starwood Hotels will oversee the investment of $5 billion to build 35 new Sheraton hotels by 2013 -- half of them in China, the company told Reuters.

Dec 15, 2010

Contentious Internet traffic rules facing a vote next week are likely to be adopted without radically veering from a proposal unveiled earlier in the month, telecommunications policy analysts said on Wednesday.

Dec 15, 2010

Bank of America Corp is in talks with a group of six investors to settle charges that it mishandled $16.5 billion in mortgages packaged into bonds, the Wall Street Journal reported on Wednesday.

Dec 15, 2010

With American businesses holding nearly $2 trillion on their books, President Barack Obama said on Wednesday that a meeting with corporate executives of 20 of the largest U.S. companies will help elicit a variety of ideas to grow the economy and boost jobs amid an anemic recovery.

Dec 15, 2010

The U.S. Senate passed the Middle Class Tax Relief Act of 2010 today by a vote of 81-19. It now goes to the House of representatives, which could take up the matter as early as today.

Dec 15, 2010

A deal that President Barack Obama struck with Republicans to extend tax cuts for nearly every working American and spur job growth sailed through the U.S. Senate on Wednesday.

Dec 15, 2010

Despite the weak U.S. economy, this year could be the second most profitable for New York City's securities industry, and the average bonus may top last year's because so many bankers and brokers have been laid off.

Dec 15, 2010

The Obama administration on Wednesday launched a legal battle against BP Plc and its partners by suing them for the worst offshore oil spill in U.S. history, which could cost the companies billions of dollars.

Dec 15, 2010