IBT Staff Reporter

American Airlines will team up with British Airways and Qantas Airways to bolster cash-strapped Japan Airlines, two sources said, aiming to fight off a rival offer from Delta Air Lines.

Former American Idol judge, Paula Abdul, mocked talk show host Ellen DeGeneres on VH1's show Divas Thursday night amid news that DeGeneres is her replacement on Idol.

Arena Pharmaceuticals Inc's obesity drug disappointed investors in a second big clinical trial, sending shares plunging 33 percent on Friday from their highs on Thursday night.

The stars have aligned for gold prices, leaving them just a short hop from record highs, but as bullion bugs celebrate, the rally appears to have flaws.

President Barack Obama pitched his U.S. healthcare reforms to college students on Thursday and Senate Democrats searched for common ground after some criticized elements of a highly anticipated new plan.

Unemployment in this small U.S. town has quadrupled in the past 16 months, but worse is to come as thousands of unemployed workers run out of severance money and benefits.

The U.S. Federal Housing Administration on Friday said it was appointing a risk officer and making changes in its credit policies to make sure its reserves against future losses stay above a minimum set by Congress.

Production of H1N1vaccine over the next year will be substantially less than the 4.9 billion doses previously forecast but one dose should provide adequate protection, the World Health Organization (WHO) said on Friday.

AMR Corp's American Airlines said on Friday it expects September mainline passenger traffic to slide 16.4 percent from August levels and sees costs rising 1.7 percent during that time.

The U.S. Federal Reserve is close to proposing wide-ranging rules on bankers' pay that would apply to any employee able to take risks that could threaten the safety and soundness of the institution, a Fed source said on Friday.

Southern California Edison's 1,070-megawatt Unit 2 at San Onofre nuclear power station in California ramped up to 98 percent by early Friday from 60 percent early Thursday after exiting an outage, the U.S. Nuclear Regulatory Commission said in a report.

American Electric Power Co Inc planned to shut the 528-megawatt Unit 3 at the Welsh coal-fired power station in Texas on Sept. 18-20 for maintenance, the company told Texas regulators in a report.

Pay policies for bank employees across the United States would require approval from the U.S. Federal Reserve as part of a proposal to curb risk-taking at financial institutions, The Wall Street Journal reported, citing people familiar with the matter.

Mazda Motor Corp said it would begin selling the Mazda2 hatchback in the United States towards the end of 2010, getting a late start in a segment that has held up relatively well as consumers seek cheaper and smaller cars.

Arena Pharmaceuticals Inc said its experimental obesity drug, lorcaserin, met the goals of a second late-stage study, but its shares dropped more than 15 percent as the results fell short of a U.S. Food and Drug Administration guideline.

Arena Pharmaceuticals Inc said its experimental obesity drug, lorcaserin, met the goals of a second late-stage study, but its shares dropped more than 15 percent as the results fell short of a U.S. Food and Drug Administration guideline.

Sometime in the next six years, astronauts bound for the International Space Station may find themselves strapped inside a private commercial spacecraft known as Dragon.

A suicide car-bomber killed 33 people in northwest Pakistan on Friday in an explosion on a road that brought down shops where people were stocking up before a holiday.

American Airlines will team up with British Airways and Qantas Airways to offer cash-strapped Japan Airlines fresh capital and expanded business ties, two sources said, aiming to fight off a rival offer from Delta Air Lines .

Volkswagen (VOWG.DE) is planning to integrate its three different brands for light and heavy commercial vehicles under one roof, the group's head of sales and marketing said late on Thursday.

Japan's new prime minister ordered the cabinet on Friday to root out wasteful projects in a $154 billion extra budget crafted by his predecessor, but his deputy stressed the aim was to redirect stimulus spending, not cut it.

Iran security forces clashed with supporters of opposition leader Mirhossein Mousavi and arrested at least 10 of them during annual anti-Israel rallies in Tehran on Friday, a witness said.

Global revenues from climate-related businesses such as energy efficiency rose by 75 percent in 2008 to $530 billion and could exceed $2 trillion by 2020, HSBC Global Research estimated on Friday.

DNA and evidence findings in the murder of Yale student Annie Le are most likely proving lab technician Raymond Clark III is guilty.

NATO proposed a new era of cooperation with the United States and Russia on Friday, calling for joint work on missile defense systems after Washington scrapped a planned anti-missile system.

Top Russian car maker, AvtoVAZ (AVAZ.MM), may join state-run Sberbank (SBER03.MM) and Canada's Magna International Inc (MGa.TO) in a deal to run Opel and bring new technology to Russia.

North Korean leader Kim Jong-il told a visiting Chinese envoy he will work to end his country's nuclear arms program through multilateral talks in an apparent breakthrough, but similar vows in the past have not been met with action.

The climate change bill approved by the U.S. House of Representatives would reduce the gross domestic product of the United States by as much as 3.5 percent in 2050, the Congressional Budget Office estimates.

U.S. stocks were poised for a flat to higher open on Friday as investors sought to determine whether a pullback is on the horizon after a 6-month rally and braced for options expiration.