IBT Staff Reporter

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Thousands pray for Thai king as markets recover

Thousands arrived in busloads to pray outside a Bangkok hospital on Friday for the swift recovery of Thai King Bhumibol Adulyadej, a day after concerns about his health sparked the biggest slide in a year in Thai stock prices.

Afghanistan gears up for final election result

A U.N.-backed fraud watchdog said Friday it was close to a verdict in its probe of Afghanistan's presidential election, which could force incumbent Hamid Karzai into a run-off against his main rival.

Obama hits back at insurers over health reform

U.S. President Barack Obama hit back at the health insurance industry on Thursday, accusing it of trying to deceive Americans about healthcare reform and vowing to overhaul the industry in Congress.

Consumer sentiment falls unexpectedly

U.S. consumer sentiment fell unexpectedly this month on persistent worries that the dismal state of personal finances would not recover quickly from the worst recession in decades, a report showed on Friday.

Film catches UK reporters in celebrity info hoax

Three British tabloid newspapers discussed buying confidential medical information about actor Hugh Grant, director Guy Ritchie and other celebrities in a hoax set up by a documentary film maker.

Madonna, U2, AC/DC lead Touring Awards finalists

Madonna, U2 and AC/DC are among the finalists for the 2009 Billboard Touring Awards, which are based on global box-office numbers reported to Billboard Boxscore from October 1, 2008, through September 30, 2009.

Rise in industrial output signals growth

U.S. industrial production rose in September for a third consecutive month, Federal Reserve data showed on Friday, suggesting the economy closed out the third quarter with surprisingly strong growth.

Marine Harvest eyes 2009 dividend

The world's largest fish farmer, Marine Harvest Group, said on Friday it may pay a dividend based on good 2009 results, and that it expected the market to improve in 2010.

Halliburton profits slide 61 percent

Halliburton Co , the world's second-largest oilfield services company, reported a 61 percent drop in quarterly net profit on Friday as a slump in natural gas prices kept many North American drillers on the sidelines.

FirstEnergy shuts Ohio Perry reactor again

FirstEnergy Corp shut the 1,231-megawatt Perry nuclear power station in Ohio on Oct. 16 after it exited an outage begun on Oct. 15, the company told the U.S. Nuclear Regulatory Commission in a couple of reports.

Halliburton profit slides, but tops Wall St view

Halliburton Co posted a 61 percent drop in quarterly profit on Friday, hurt by weak North American natural gas activity, but better-than-expected results in the rest of the world helped it top Wall Street forecasts.

Indian Oil says crude price rise not a worry

Indian Oil Corp, the country's biggest petroleum products retailer, is unlikely to be affected by the surge in global oil prices as the average price of Indian imports was still around $63 to $64 a barrel, its chairman said on Friday.

DNO partners with Audax in Tunisia

Norwegian oil group DNO International and Australian exploration company Audax signed a letter of intent (LOI) on the Chorbane Exploration Permit in Tunisia, they said on Friday.

U.N. calls for more sophisticated biofuels debate

Countries must adopt a much more sophisticated approach to developing biofuels as a green energy option if they are to benefit the economy, the environment and society as a whole, the United Nations said Friday.

Wall Street set for selloff after earnings

Wall Street was set to drop at the open on Friday after disappointing quarterly results from Dow components General Electric Co and Bank of America Corp dragged stock futures lower.

BofA posts $1 billion loss on consumer credit woes

Bank of America Corp posted a wider-than-expected third-quarter loss as improvement in its Merrill Lynch investment banking unit failed to offset consumer credit woes, sending its shares down 4.5 percent .

Mattel sales fall less than expected

Toymaker Mattel Inc reported a smaller-than-expected decline in quarterly revenue, helped by gains in its Hot Wheels and American Girl brands as it heads into the crucial holiday shopping season.

Exiled China tycoon in U.S. clean vehicle plan

Yang Rong, a Chinese automobile tycoon who fled the country after being accused of economic crimes, said he plans three multi-billion-dollar U.S. plants to make 3 million clean-technology vehicles per year by 2017.

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