IBT Staff Reporter

U.S. commercial banks reported that trading revenue dropped dramatically during the second quarter to $5.2 billion, compared with record revenue of $9.8 billion in the prior quarter.

U.S. President Barack Obama and the leaders of Britain and France accused Iran on Friday of building a secret nuclear fuel plant and threatened tough new sanctions unless Tehran comes clean about its nuclear program.

Sara Lee Corp will sell its personal care brands like Sanex and Brylcreem for $1.87 billion (1.275 billion euros) to consumer goods giant Unilever and set a $1 billion share buyback plan, sending its stock up 6 percent.

Warner Bros.' remake of A Star Is Born could be moving toward a due date.

A family-friendly remake of the 1980 movie Fame swings into theaters on Friday, riding a lucrative wave of song-and-dance shows on the big and small screen.

David Cronenberg is again buzzing with The Fly.

The Frank Lloyd Wright's Fallingwater house in Pennsylvania has kicked off a new program where visitors can spend a full day and two evenings at the masterpiece residence.

Oil prices rose above $66 a barrel on Friday, supported by evidence of improving consumer sentiment and heightened tension around Iran's nuclear program.

Sales of newly built U.S. single-family homes rose to their highest level in nearly a year in August, according to government data on Friday that indicated the housing market was gradually recovering from a three-year slump.

Nearly one out of five U.S. drivers surveyed has read or sent a text message while behind the wheel, even though nearly all of the respondents in an AAA survey released on Friday considered such action unacceptable.

If you plan to show up in court, it may be best to dress up for the occasion.

Dalton Chiscolm is unhappy about Bank of America's customer service -- really, really unhappy.

Susan Atkins, one of the leading members of Charles Manson's notorious violent cult who carried out brutal murders at his behest in 1969, died in a California prison, her husband said on Friday. She was 61.

Member of the Manson cult, Susan Atkins, died Thursday night at the Central California Women's facility at 61.

Thomson Reuters on Friday released the top government-guaranteed bond underwriters for the third quarter of 2009 as of Thursday, September 24.

The New York Federal Reserve said on Friday it bought $1.970 billion of U.S. agency debt with maturities ranging from April 2016 to March 2019.

Mauritius-based clothing group Ciel Textiles Limited FKL.MZ posted a 51.16 percent slump in full-year net profits on Friday that it blamed on a fall in demand and aggressive price cutting.

U.S. health officials said on Thursday more than 6 million doses of H1N1 swine flu vaccine will be available the first week of October, twice as many as they expected only a week ago.

A U.S. Senate panel considering a sweeping healthcare overhaul upheld a requirement on Thursday that individuals purchase health insurance and rejected a proposal that could have scuttled an $80 billion White House deal with drugmakers.

A common, nonmalignant tumor of the breast called ductal carcinoma in-situ or DCIS may need a name change because the word carcinoma scares so many women, a U.S. panel of experts said on Thursday.

Johnson & Johnson said on Thursday it is recalling some lots of infants' and children's Tylenol because of a possible bacterial contamination of the popular pain and fever treatment. Tylenol products being recalled were manufactured between April and June 2008, the diversified healthcare giant said. The company identified 21 varieties of the products, which come in various flavors and forms, an...

Norway's oil and gas producer StatoilHydro said on Friday that production at its Statfjord C platform in the North Sea was slowed to minimum levels due to a water leak that has shut down satellite fields.

U.S. copper futures bounced from one-month lows Friday morning, as a weaker dollar and rising consumer sentiment underpinned prices and countered weaker-than-expected durable goods and housing data.

The Dow and S&P 500 stock indexes were little changed on Friday after a mixed bag of economic data, while the Nasdaq fell, hurt by disappointing results from BlackBerry maker Research in Motion.

U.S. consumer sentiment rose in late September to the highest since January 2008 as expectations of an economic rebound gathered momentum, a survey showed on Friday.

Shares of U.S. airlines rebounded on Friday following three straight days of losses after an analyst upgraded five carriers' stocks to a buy.

Scientists who discovered the secrets of how cells age, who made efficient solar cells possible and who figured out how to watch the brain work in real time are all leading contenders for Nobel prizes, Thomson Reuters predicted on Thursday.

Shares of Research In Motion fell around 15 percent on Friday after the BlackBerry maker reported a lower profit and gave an outlook that fell short of analysts' expectations.

Many U.S. small businesses are optimistic about growth and see the economy improving in three to six months, according to a survey released on Friday.