IBT Staff Reporter

American Axle & Manufacturing Holdings Inc said on Thursday it has reached a new commercial agreement with General Motors Co, its main customer, and a revised credit agreement with lenders.

Toyota Motor Corp is preparing a $1 billion marketing campaign to boost U.S. sales in the fourth quarter, while also expanding its line of hybrid models under the Prius name, the company said on Thursday.

France's BNP Paribas and Belgian insurer Fortis will take a majority stake in the non-life insurance unit of Italy's UBI Banca, the buyers announced on Thursday.

Technology firm Allied Technologies Ltd on Thursday announced plans for a major boost to internet connections in east Africa and said it expects to double profit in the region by early next year.

U.S. stocks were little changed on Thursday after results from FedEx Corp tumbled and several economic reports pointed to a fragile recovery.

A Yale University lab technician was charged on Thursday with the murder of a graduate student whose body was found inside a wall on the New Haven, Connecticut, campus the day she was to be married.

President Barack Obama on Thursday overhauled plans for a missile defense shield in eastern Europe, promising instead stronger, swifter defense systems to protect U.S. allies against any threat from Iran.

After decades of Made-in-China garments, China's fashion industry is keen to move on from being just a mass manufacturer of clothes -- it wants to own western brands and to sell them to China's 1.3 billion consumers.

Three quarters of a million eBay Inc users have signed a petition urging European Union antitrust regulators to stop companies blocking online sales, the Internet auction house said on Thursday.

Italy's antitrust chief urged Google to begin talks with Italian publishers to resolve allegations that it coerced newspapers into posting stories on its news website, or risk heavy fines.

Oil prices extended this week's robust gains on Thursday, buoyed by weakness in the U.S. dollar and gains on the stock market.

The head of No. 3 U.S. mobile service Sprint Nextel Corp said on Thursday that it is fair for the U.S. government to ask whether handset exclusivity deals should have time limits.

The trust that holds voting control of candy maker Hershey Co has hired Warren Buffett's favorite banker to advise it on a possible bid for British chocolatier Cadbury, the Wall Street Journal reported on Thursday.

If U.S. health reform efforts lead to higher costs for employers, employees may end up bearing the brunt, according to a new survey.

Biopharmaceutical company XenoPort Inc and its partner GlaxoSmithKline Plc said their neuropathic pain drug met the main goal of reducing the intensity of pain in a mid-stage trial.

A team of British scientists is preparing to create a digital model of Mount Rushmore using laser scanning so that the iconic U.S. monument can be recreated were it to be damaged.

Turkish Sultan Kosen has been officially recognized as the world's tallest man by Guinness World Records, after measuring in at 8ft 1in.

AT&T Inc expects sales to business customers to stay flat for a while, although growth may return in the second half of 2010, Chief Executive Randall Stephenson said on Thursday.

The head of No. 3 U.S. mobile service Sprint Nextel Corp said on Thursday that it is fair for the U.S. government to ask whether handset exclusivity deals should have time limits.

The European Commission unveiled guidelines Thursday specifying how public funds can be used to help companies roll out high-speed broadband networks, and help EU countries benefit from new technologies.

Package delivery giant and U.S. economic bellwether FedEx Corp reported a 53 percent drop in quarterly profit on Thursday as the worldwide economic downturn continued to weigh on shipping volumes.

There's a good chance you've been hearing more about biodiesel lately. This article, the first of several short discussions about biodiesel that will appear in the next few months, lays out some of the basic terminology and qualities associated with this fuel.

U.S. copper futures fell before steadying at slightly lower levels Thursday morning, under pressure from a steadier dollar and down even as latest labor, housing and manufacturing data provided further evidence of recovery.

World leaders will commit to keep spending to prop up their economies at a G20 summit next week, Russia said on Thursday, while France appeared to tone down its rhetoric on the issue of bank bonus caps.

Exxon Mobil Corp said Thursday operations were returning to normal at a gasoline-making fluid catalytic cracker unit at its 238,600 barrel-per-day refinery in Joliet, Illinois following a snag.

U.S. stocks rose slightly in volatile trade on Thursday as positive economic data outweighed a report from FedEx Corp that the global downturn continued to hurt its shipping business.

World leaders will commit to keep spending to prop up their economies at a G20 summit next week, Russia said on Thursday, while France appeared to tone down its rhetoric on the issue of bank bonus caps.

The number of U.S. workers filing new claims for jobless benefits unexpectedly fell last week, data on Thursday showed, while there was a rise in the number of those still on the benefit rolls after an initial week of aid.

Denmark on Thursday inaugurated the world's biggest offshore wind farm in time to serve as a showcase of its green technological prowess before a global climate conference in Copenhagen in December.