IBT Staff Reporter

Michael Jackson's concert movie This Is It has taken more than $200 million at box offices worldwide in the first two weeks of release, the studio behind the movie said on Thursday.

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The U.S. Federal Reserve's balance sheet shrank in the latest week, Fed data showed on Thursday.

Walt Disney Co posted a larger-than-expected rise in both quarterly profit and revenue, as strong results from its cable business helped it overcome a disappointing stretch for its film studio.

The Obama administration is weighing how a $700 billion financial rescue fund could be used to ease the U.S. debt burden, the White House budget director said on Thursday, as data showed the deficit had deepened.

The scandal-hit liberal grass-roots group ACORN sued the U.S. government on Thursday, saying it did not have the right to cut off ACORN's federal funding because the group had not been convicted of a crime.

Foreign central banks' holdings of U.S. Treasuries fell and agency debt holdings at the Federal Reserve rose in the latest week, data from the U.S. central bank showed on Thursday.

Thousands of vehicles have been trapped on roads after two days of snow in China's biggest coal-mining province, disrupting the movement of people and coal, state media reported on Wednesday.

Warren Buffett, perhaps the world's most admired investor, said on Thursday the financial panic that gripped the globe last year is a thing of the past, even as the U.S. economy's struggles persist.

Intel Corp will pay rival chipmaker Advanced Micro Devices Inc $1.25 billion to settle all outstanding legal disputes, in a move that can hasten the resolution of Intel's antitrust troubles.

The Dow industrials six-day winning streak came to a halt on Thursday as a drop in oil prices pulled energy stocks lower and a guarded outlook from Wal-Mart fanned worries about consumer spending.

Rod Nickel

British Airways and Spain's Iberia announced on Thursday a preliminary agreement for a $7 billion merger to create the world's third-largest airline by revenue.

Walt Disney Co stepped up an overhaul of its management by announcing that two top executives, its finance chief and the head of its parks division, will swap jobs at the end of this year.

Intel Corp will pay rival chipmaker Advanced Micro Devices Inc $1.25 billion to settle all outstanding legal disputes, in a move that could weaken antitrust regulatory action against Intel.

Glashütte Original presented the Senator Chronometer at a Tourbillon Boutique in New York City on Tuesday; a certified and technically interesting watch that has become a hit among watch collectors.

The U.S. government's $700 billion bailout program will ultimately produce an overall loss for taxpayers, a key auditor for the program said on Thursday.

Walt Disney Co posted a larger-than-expected rise in both quarterly profit and revenue, fueled by an improving ad climate and strength in the media giant's cable operations.

Blockbuster Inc , the largest U.S. movie rental chain, posted a larger-than-expected third-quarter loss it said was due primarily to write-offs of debt financing costs and the sale of its Irish unit, and its shares plummeted 12 percent.

U.S. stocks fell broadly on Thursday as a stronger dollar weighed on commodity-linked shares and a guarded outlook from Wal-Mart Stores Inc led to worries about consumer spending.

Blockbuster Inc , the largest U.S. movie rental chain, posted a larger-than-expected third-quarter loss it said was due primarily to write-offs of debt financing costs and the sale of its Irish unit.

The Australian Dollar opens lower against the greenback today at 0.9215 after giving back all of yesterday's gains, and then some, as risk aversion swept offshore markets overnight. During yesterday's domestic session, local unemployment data came in better than expected. Whilst the jobless rate rose to 5.8 per cent, 24,500 positions were added in the month of October. A second consecutive monthly rise in employment may lead to another 25 basis point rate hike by the RBA in December.

Roomy Khan, one of several former traders cooperating with the prosecution of the biggest U.S. hedge fund insider trading case, told a judge she provided confidential information to several co-conspirators, according to a court document made public on Thursday.

The number of U.S. workers filing new claims for jobless benefits last week fell to the lowest level since January, the government said on Thursday, evidence the hard-hit labor market may be slowly improving.

Walt Disney Co posted a 17.8 percent increase in quarterly earnings and better-than-expected revenue, boosted by an improving ad climate and strength in the media giant's cable operations.

Not sure what to give Uncle Sam this Christmas? How about a nice, fat check to help whittle away at the $7.6 trillion national debt?

Roomy Khan, one of several former traders cooperating with the prosecution of the biggest U.S. hedge fund insider trading case, told a judge she tipped several people at hedge funds with inside information on companies to make money from trades, according to a court document.

British Airways and Spain's Iberia said on Thursday they had reached a preliminary agreement for a merger that would create about 400 million euros of synergies.

WASHINGTON - Drug makers, Internet companies and nonprofits packed a hearing into what is a gray area for U.S. health regulators: how far Twitter, Wikipedia, blogs and other social media can go in promoting drugs.