IBT Staff Reporter

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Treasury may be only seller in GM IPO: sources

The United Auto Workers health care trust and the governments of Canada and Ontario may not participate in General Motors Co's upcoming IPO in order to avoid taking a cut on the price of their shares

Sanofi says holds offer for Genzyme at $69/share

Sanofi-Aventis has not changed its offer of $69 per share for drugmaker Genzyme, a Sanofi spokesman said Monday, declining to comment on a report that the drugmaker had lined up more financing for its bid.

Genetic discovery could lead to brain treatments

British scientists have discovered a genetic mechanism in the development of the nervous system that they say might one day be part of new treatments for stroke, Alzheimer's disease or brain tumors.

More aid needed to fight child hunger in Chad: U.N

Up to a quarter of children in parts of Chad are facing acute hunger despite an easing of the overall famine threat across the Sahel region of Africa, UNICEF warned on Friday, calling on donors to provide more funds.

ADHD drug benefits child cancer survivors

Children who develop problems with memory, attention and behavior after cancer treatment may gain some long-term benefit from a medication commonly used for attention-deficit hyperactivity disorder (ADHD), a small clinical trial suggests.

Did doctors jumpstart the HIV pandemic?

Perhaps it wasn't sex workers and fast-growing cities that launched HIV onto its deadly global rampage, but well-meaning doctors using dirty needles in the first half of the 20th century.

Amgen, J&J anemia drugs recalled over glass flakes

Amgen Inc is recalling several hundred lots of anemia drugs Epogen and Procrit, sold by Johnson & Johnson, because vials of the injectable medicines might develop tiny glass flakes that could cause blood clots and other serious health problems.

Markets end lower on jobs data

Jobless claims unexpectedly rose in the latest week, a sign the labor market still faces headwinds. Existing-home sales rose in August, but from depressed levels .

Business spending surges but home sales flat

New orders for a wide range of long-lasting U.S. manufactured goods rose in August and business spending plans rebounded strongly, the latest sign a sharp summer slowdown in the economy was abating.

More homeowners lost their home in Q2

Delinquencies on U.S. home mortgages fell slightly in the three months through June, though the number of homeowners who lost their homes rose sharply from the first quarter

Consumer czar Warren: banks receptive to change

Elizabeth Warren, the Obama administration's new consumer financial protection czar, said on Thursday that banks are showing early receptiveness to her plans for simplifying their disclosures to consumers.

Toyota ends overtime ban for white-collar staff: report

Toyota Motor Corp, Japan's largest automaker, has lifted a ban prohibiting office staff from working overtime, a move intended to give experienced workers more time to coach younger personnel, the Nikkei business daily said.

Ford sees Sept U.S. auto sales up from August

Ford Motor Co President for the Americas Mark Fields said on Thursday he expects September U.S. light vehicle sales to top the 11.5 million annualized sales rate from August, which matches analysts' forecasts.

Ford says U.S. Fiesta buyers seek high-end options

Early U.S. sales for Ford Motor Co's Fiesta show that consumers are buying higher-end versions of the new small car, boosting the automaker's profit on sales in a traditionally low-margin segment, company officials said on Wednesday.

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