IBT Staff Reporter

Qwest Communications International Inc posted quarterly revenue that was slightly below Wall Street expectations but its shares rose almost 4 percent as it increased its profit outlook for the year.

The Treasury Department is in talks with GMAC Financial Services Inc about a possible third cash infusion to the company, an Obama administration official confirmed on Tuesday night.

American Airlines parent AMR Corp will eliminate up to 700 jobs as it downsizes its maintenance and engineering operations, the company said on Wednesday in a letter to employees.

A solar car made by students from Japan's Tokai University was on Wednesday named the winner of a 3,000 km (1,864 miles) race across the Australian outback which aimed to show that green cars can also be mean.

Steve Carell and Warner Bros. are aiming for the fairway.

West African regional bloc ECOWAS has agreed to lend Niger 5 billion CFA francs ($11.33 million) to help fund a road project, state media said late on Tuesday, a week after the organisation suspended Niger over flawed polls.

Michael Jackson's This Is It premiered to a star-filled crowd including Will Smith, Jennifer Lopez and four of the singer's brothers on Tuesday, winning early praise from critics and showing fans that the King of Pop could still entertain.

At a recent screening for An Education, as star Peter Sarsgaard and director Lone Scherfig moved through the crowd, a debate broke out about the movie's relationship between a 30-year-old man and a teenage girl in 1960s London.

Ford Motor Co chose China's Geely as preferred bidder for Volvo Cars while Magna said it still hoped to clinch a deal to buy a majority stake in Opel from GM after a board meeting on November 3

New orders for long-lasting U.S. manufactured goods rose 1 percent in September, Commerce Department data showed on Wednesday, suggesting that the economy's wobbling recovery from recession may be steadying.

A former writer for David Letterman says she left his NBC show in the 1980s partly because she was uncomfortable with a work environment in which several female employees benefited from sexual relationships with high-ranking men.

Goodyear Tire & Rubber Co posted a better-than-expected quarterly profit on Wednesday, helped by cost reductions and cheaper raw materials, and forecast global industry growth in 2010.

Michael Jackson is on track to score his sixth No. 1 on the U.S. pop chart next week with the companion album for his new concert movie This Is It.

Ricky Gervais is known as an edgy comedian, and the Golden Globes are considered the least stuffy of film and television awards shows. So it's little wonder that Gervais sees his hosting job for the 2010 ceremony as a match made in Hollywood honors heaven.

Tackling just five health factors could prevent millions of premature deaths and increase global life expectancy by almost 5 years, the United Nations World Health Organization (WHO) said Tuesday.

Hulk Hogan is returning to the profession -- but not to the organization -- that made him a household name.

Irish rock band U2 will perform a free concert in front of Berlin's Brandenburg Gate next week to coincide with the MTV Europe Music Awards being held in the city on the same night, organizers said on Wednesday.

Police have arrested six people, mostly teens, on suspicion of breaking into the homes of Paris Hilton, Orlando Bloom, Lindsay Lohan and other Hollywood figures to satisfy a celebrity obsession and steal from them, authorities said on Tuesday.

A molecule found in a curry ingredient can kill esophageal cancer cells in the laboratory, suggesting it might be developed as an anti-cancer treatment, scientists said on Wednesday.

Ford Motor Co named Zhejiang Geely Holding Group as preferred bidder for its loss-making Swedish unit Volvo in what could lead to the biggest overseas acquisition by China's fast-growing auto sector.

Coca-Cola Enterprises Inc reported a bigger-than-expected increase in quarterly profit on Wednesday, helped by higher prices, and raised its full-year outlook.

Qwest Communications International posted quarterly revenue that was slightly below Wall Street expectations but its shares rose almost 6 percent as it increased its profit outlook for the year.

The U.S. government may end up throwing away unused doses of swine flu vaccine if people cannot get it soon enough, the director of the U.S. Centers for Disease Control and Prevention said on Tuesday.

New York Community Bancorp Inc (NYB.N), one of the largest U.S. savings and loans bank, posted a 70 percent rise in quarterly profit, helped primarily by a growth in net interest income.

A fragrance marketing company is suing British supermodel Naomi Campbell for breach of contract, saying she kept millions of dollars in profits that she owed the company for perfumes it helped her develop.

Wall Street was poised for a lower open on Wednesday after disappointing results from overseas bellwethers, while investors questioned how much further the market's seven-month rally had to run.

For those who see North Korean leader Kim Jong-il as a dangerous lunatic prepared to risk the annihilation of his regime by launching a devastating attack on his neighbors, there is no shortage of supporting evidence.

Italian Prime Minister Silvio Berlusconi gave a foretaste of how he may defend himself when he goes back on trial for corruption next month, attacking the judicial system as overrun by communists out to destroy him.

Australia stepped up lobbying ahead of the global climate talks in Copenhagen on Wednesday, with Prime Minister Kevin Rudd accepting a key role as Climate Change Minister Penny Wong heads to Spain for talks.