IBT Staff Reporter

An international pact and U.S. legislation to tackle climate change will hit oil refiners' profits and may force some to shut some capacity, Thomas O'Malley, chairman of Swiss refiner Petroplus, said on Thursday.

Rupert Murdoch's wife is among the producers of Snow Flower and the Secret Fan, an English-language Chinese drama starring Zhang Ziyi, perhaps the country's most exportable actress.

U.S. Senator Charles Schumer called on the Obama administration on Thursday to block the use of any U.S. economic stimulus funds for a wind farm project in West Texas that would use turbines built in China.

Verizon Wireless said on Thursday that it would sell an HTC Corp phone based on Google Inc's Android system for $99.99, potentially putting pressure on smaller carrier Sprint Nextel Corp .

The Australian Dollar opens at US91 cents after yesterday's release of September trade data hinted that official interest rates may need to be increased for third consecutive month in December. The trade deficit was smaller than expected at A$1.849 billion, however imports were up 5 per cent suggesting that domestic demand remains robust. During overnight trade the Aussie moved between a low of 0.9030 and a high of 0.9122 after central banks in Europe and the United Kingdom left their benchmark ...

Investing in wind power offers safer, less volatile returns in the current market environment than the solar sector, a fund manager of KBC's asset management arm told Reuters. We as investors like strong, steady growth, which is why we currently favor wind more than solar, which is expected to see more volatility in the short term, said Treasa Ni Chonghaile, manager of KBC's Eco Alternative Energy fund.

The Philippine government aims to approve contracts to explore and develop the country's massive geothermal energy resources, which could attract more than $2.5 billion in private investment, an official said.

Charles Schwab Corp expects to waive about $100 million in money market fees in the current quarter, up 28 percent from the previous quarter, the largest U.S. discount brokerage said on Thursday.

U.S. stocks rose sharply on Thursday, pushing the S&P 500 up for a fourth day, as economic data boosted confidence in the recovery and strong results from Cisco Systems suggested a rebound in technology spending.

Germany's nuclear power policy of keeping old reactors open longer to bridge the gap to greener energy may also leave the door open to eventually break a major electoral taboo -- new atomic power plants.

GM cited improving business conditions and the strategic importance of Opel, its European backbone, which also provides technology the group uses around the world.

U.S. business productivity grew at its fastest clip in six years in the third quarter and new claims for jobless aid fell to a 10-month low last week, suggesting the labor market may be starting to bottom out.

Fiat SpA Chief Executive Sergio Marchionne on Wednesday delivered a long-awaited plan intended to turn around Chrysler over the next five years.

The economic slowdown has not hurt the market for cross border mergers and acquisitions, which have become a mainstay of the global economy.

A top U.S. securities regulator said on Thursday that she was concerned about naked access, where brokers give high-frequency traders unfiltered access to public markets.

Dear Sam: I have been employed with the same government agency for 16+ years. The last 7 years, I have also worked a part-time job as a gas station cashier. I am not getting any younger, and needless to say, I am very tired. The gas station is going to be cutting back on hours, since I am the oldest, and only able to work a few hours a week, guess who is being cut?

The surprise decision by General Motors Co to drop a plan supported by Chief Executive Fritz Henderson to sell the company's Opel unit has raised new questions about the standing of the veteran GM insider after just six months on the job.

Chrysler's new boss offered an ambitious outlook for the automaker on Wednesday, saying it would more than double sales, roll out a dozen new models built on Fiat platforms and pay back debt to U.S. taxpayers over the next five years.

The New York City government and the Yankees officially announced that a Parade will be held on Friday November 6 to celebrate the victory of the team's 27th World Series.

Ford Motor Co will continue meeting informally with United Auto Workers leaders to discuss labor issues following the rejection of concessions by U.S. rank-and-file workers, a top executive said on Wednesday.

The HTC Droid Eris will be available alongside the Motorola Droid this Friday, November 6 in Verizon stores and its appears to be ahead of its Droid competitor in three key aspects.

Toyota Motor Corp reported a surprise quarterly profit and slashed its annual loss forecast by more than half as sales and cost cutting beat its forecasts, putting it on track to follow Japanese rivals into the black next year.

Swedish telecom equipment maker Ericsson expects to close its acquisition of key assets of bankrupt Nortel Networks Corp very soon, a senior company executive said on Thursday.

Oil fell nearly 1 percent to below $80 a barrel on Thursday, as doubts about a recovery in oil demand outweighed positive economic signals.

U.S. stocks rallied on Thursday, with big manufacturers' shares pushing the Dow industrials briefly up 2.1 percent to touch the 10,000 mark, after a rise in business productivity and a drop in jobless claims bolstered investor confidence in the economy.

Bank of New York Mellon Corp CEO Bob Kelly told the bank's senior managers he is not interested in the top job at Bank of America Corp , defusing speculation that he would leave his current post.

With less than 24 hours away from the release of the Motorola Droid, Verizon introduced the HTC Droid Eris which will also be released tomorrow, November 6 through the Verizon network.

Sara Lee Corp posted higher-than-expected quarterly earnings and raised its full-year earnings forecast on Thursday, and its shares rose 3.5 percent.

Thomson Reuters Corp reported that quarterly revenue in its markets and legal businesses fell as customers cut costs in the wake of the financial crisis, but its CEO said the worst was ove