IBT Staff Reporter

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American Axle reaches deal with lenders, GM

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 plans $1 billion marketing, more hybrids

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.

Altech to boost east Africa

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. drops Bush plan for Europe missile shield

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.

China Inc: Not just a maker but new owner of fashion

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.

Hershey Trust consults Buffett banker on Cadbury-WSJ

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.

FedEx profit tumbles, says plans to raise rates

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.

Some Biodiesel Basics - Groundwork for Coming Articles

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.

US copper dips under early dollar-induced pressure

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.

G20 stands firm on economic support pre-summit

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 says Illinois FCC returning to normal

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.

G20 firm on economic support

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.

U.S. jobless claims decline 12,000 in latest week

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.

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