IBT Staff Reporter

European gasoline prices fell on Thursday, pressured by swelling stocks and a lack of export opportunities to the key U.S. market.

Oil and natural gas company Quicksilver Resources Inc (KWK.N) said it will spend $540 million under its 2010 capital program and said this is expected to increase production volumes by more than 20 percent.

President Barack Obama has confronted the paradox between war and peace, while receiving the Nobel Peace Prize in Oslo.

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An bright white spiral lit up Norway's sky on Wednesday morning, with one expert suspecting the light show was created by a malfunctioning Russian missile spinning out of control.

Over 1,700 scientists in the U.K. signed a statement on Thursday, stating that they agree with evidence that shows humans are responsible for climate change.

BlackRock Inc plans to launch a portfolio that will let wealthy individual investors access hedge funds that have boosted pension funds' and endowments' returns, the company said in a regulatory filing on Thursday.

Prudential Financial Inc's sale of its stake in a brokerage joint venture is on schedule to close next month and is expected to give its capital position a significant lift, the company said on Thursday.

Jamie Grubbs who is Tiger Woods' alleged mistress number 2 confessed on a television show about her affair with Woods and apologized to his embattled wife Elin Nordegren, the Orlando Sentinel reported.

As the House of Representatives moved closer on Thursday to debating the most sweeping changes to financial regulation proposed since the Great Depression, a raft of late amendments were headed to the floor as lawmakers wrangled over the legislation.

Harvard University said on Thursday that it cannot afford to complete construction of its $1 billion science complex right now and will pause its campus expansion outside its Cambridge, Massachusetts, home.

Endowment funds of major colleges and universities lost 19 percent for the year ended June 2009, outpacing the 28 percent drop in the Standard & Poor's 500, according to a survey released on Thursday.

Honduras' de facto government will only allow ousted President Manuel Zelaya to leave the country if he signs a letter dropping his demand to be reinstated, the leftist said on Thursday.

The Australian Dollar opens higher today at 0.9160 and received a boost on Thursday from better than expected local jobs data.

Less than 5 percent of homeowners whose mortgage payments were cut under an Obama administration aid plan have received a permanent reduction, the Treasury Department said on Thursday.

The Obama administration's pay czar plans to announce on Friday his next wave of rulings as bailout recipients struggle to get out from under his thumb.

U.S. President Barack Obama urged world leaders on Thursday to break the deadlock at climate change talks in Copenhagen, even though many nations accused the United States of lacking ambition.

Stocks gained on Thursday as signs of improving trends in the job market and a decline in the U.S. October trade deficit reassured investors the economy was on a steady growth path.

China's top climate envoy called on President Barack Obama to increase a U.S. offer to cut greenhouse gases, and said it would discuss a 2050 emissions goal only if rich nations offered more cash and carbon cuts.

The House of Representatives on Thursday approved a $447 billion bill that boosts funding for a large part of the U.S. government and reflects priorities of Democrats who control Congress and the White House.

Goldman Sachs Group Inc plans to pay top managers their 2009 bonuses in stock, rather than cash, as it seeks to deflect outrage over a near-record pay haul months after it repaid billions of dollars in taxpayer aid.

Stocks gained on Thursday as signs of improving trends in the job market and a decline in the U.S. October trade deficit reassured investors the economy was on a steady growth path.

Goldman Sachs Group, Inc on Thursday announced that top level managers will receive no cash bonuses this year but instead would be given compensation in the form of stock which can't be sold for five years.

An undercover police officer on Tuesday killed a Times Square scammer believed to be conning tourists along Broadway and 46th Street.

People with cancers of the head or neck seem to have better survival odds if they have private health insurance, research hints.

H1N1 pandemic swine flu is far less lethal than feared, British scientists said on Wednesday, but public health officials should not be complacent in fighting it and vaccination campaigns should continue.

Bone marrow transplants, already used to treat some children with sickle cell disease, also may cure some adults with this deadly genetic defect that causes red blood cells to contort, U.S. scientists said on Wednesday.

A relatively low birth weight and early-age weight gain may increase the likelihood of early puberty, hint findings from a German study. Earlier onset of puberty has been linked to certain cancers, high blood sugar and obesity.

The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, but a surprise narrowing in the trade gap in October indicated the economy remained firmly on a steady growth path.