IBT Staff Reporter

The founder of Papa Johns pizza chain, John Schnatter, has paid $250,000 to reacquire the Camaro he sold back in 1983 to start his business.

The U.S. Energy Department will award $300 million to a clean cities program to help communities buy alternative fuel vehicles, Vice President Joe Biden and Energy Secretary Steven Chu said on Wednesday.

Hormone-based drugs that help treat aggressive prostate cancer may be dangerous for some men with heart disease, U.S. researchers reported on Tuesday.

The German government signaled on Wednesday that talks between Berlin and General Motors over the fate of its European unit Opel are threatening to drag on, raising the specter of insolvency again.

Dallas Federal Reserve President Richard Fisher said on Wednesday the U.S. economy is poised for a slow, sluggish recovery as it emerges from a painful recession.

People as young as 45 with high blood pressure are more likely to have memory troubles, U.S. researchers said on Tuesday in a study suggesting aggressive early treatment of the condition may pay huge dividends.

U.S. regulators are likely to back down from the tough stance they took a month ago on rules for auctions of troubled banks, which could clear the way for more private equity bidders to come back into the game.

Dongfeng Motor Group (0489.HK), China's No.3 carmaker, said it expects the domestic market to grow an average 15 percent over each of the next three years, fueled by strong appetites among an emerging middle class.

While the cash-for-clunkers auto rebate program gave the U.S. economy a strong boost, the end of the recession remains uncertain, the head of chemical maker Huntsman Corp (HUN.N) said on Wednesday.

Last November, General Motors was burning cash on a fast-track to failure and desperate to cut any deal to save itself and its German unit Opel.

China launched its first national organ donation system in a bid to crack down on organ trafficking and create a source for transplants other than executed prisoners, who currently make up the majority of donors.

Even as the US lowers the lead levels allowed in paint dramatically, paint with dangerously high lead levels is still being sold for household use worldwide, putting hundreds of millions of young children at risk of permanent brain damage,

Diversified U.S. manufacturer SPX Corp and Indian engineering firm Thermax Ltd will jointly make air pollution control systems in India, in a venture that could bring in annual revenues of up to $100 million in five to 10 years.

British private equity firm Terra Firma said it has bought Everpower Wind Holdings in a deal that a source said was worth around $350 million, looking to tap into the growing renewable energy sector.

IBM and India's top three outsourcing firms have each won five-year IT services contract from oil and gas major BP Plc, the firms said on Wednesday, amid hopes of a revival in technology spending.

Stocks advanced on Wednesday after data showed July new home sales rose at their fastest pace in almost a year, while durable goods orders increased, but less than forecast excluding transportation.

IBM (IBM.N) and India's top three outsourcing firms have each won five-year IT services contract from oil and gas major BP Plc (BP.L), the firms said on Wednesday, amid hopes of a revival in technology spending. Neither IBM nor the Indian firms, Tata Consultancy Services (TCS.BO), Infosys Technologies (INFY.BO) (INFY.O) and Wipro (WIPR.BO) (WIT.N), disclosed financial details of the contract.

The U.S. thrift industry on Wednesday reported its first profit since the third quarter of 2007, earning a slender total of $4 million in the second quarter, the Office of Thrift Supervision said.

The U.S. thrift industry reported on Wednesday its first profit since the third quarter of 2007, earning a slender total of $4 million in the second quarter, the Office of Thrift Supervision said.

A consortium of South Korean and Indian companies is to invest $5.6 billion in producing natural gas in Burma for export by pipeline to China, the Times reported on Tuesday.

Fannie Mae (FNM.N) (FNM.P), the largest U.S. home funding source, said on Wednesday it sold $2.0 billion in bills at lower interest rates than those seen in sales of the same maturities and sizes a week ago.

In the United States, there has been an increase in cases of typhoid fever resistant to the drugs most commonly used against the illness, federal health officials reported Tuesday.

Dollar Tree Inc reported a better-than-expected 51 percent jump in quarterly profit on Wednesday and boosted its full-year profit forecast, as customers flocked to its stores for inexpensive food, cleaning supplies and toys.

There's no stopping it. If the latest generation has its way, the work force that fuels tomorrow's small businesses may largely be a stay-at-home crowd.

Brazil's second-largest beef exporter, Bertin, may sell stock in an initial public offering as it looks to raise cash and fund future investments, Valor Economico newspaper reported on Wednesday, quoting a company director.

Gazprom, the world's biggest gas company, saw net profit fall in the first quarter, when it paid more for Central Asian gas and incurred foreign exchange losses, but was tipped to bounce back in the rest of 2009.

Larger-than-expected gains in U.S. housing prices and consumer confidence on Tuesday lent new weight to views that the economy is emerging from the longest recession since the 1930s.

Mitsubishi Heavy Industries Ltd, Japan's biggest heavy-machinery maker, on Wednesday said it plans to start mass-production of industrial-use lithium-ion batteries in late 2012.

South Africa's largest property and casualty insurer Santam Ltd expects underwriting margins to remain under pressure in the second half after a rise in high-value property fire claims hit first-half returns.