IBT Staff Reporter

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Oil rises on economic recovery optimism

Oil prices rose slightly to near a seven-week high Thursday, as optimism for economic recovery and rising fuel demand outweighed a rise in new U.S. jobless claims.

Gap beats by a penny, margins up

Gap Inc posted a slightly stronger than expected quarterly profit on Thursday as more full-priced sales, inventory controls and cost cuts helped offset declining revenue at all its chains.

LED display technology gets a twist

U.S. researchers said on Thursday they have found a way to make large-scale flexible display screens that can be stretched to fit the contours of a bus yet are transparent enough so riders can see out windows.

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The U.S. government's

U.S. charges top suspected Mexican drug lord

The United States has filed new charges against Mexico's top drug lord and other drug cartel leaders for smuggling billions of dollars worth of cocaine across the border, but they remain at large, U.S. authorities said on Thursday.

Hurricane Bill set to regain power, Bermuda prepares

Hurricane Bill weakened slightly on Thursday but was expected to regain power on a northwest ocean track that will take it between Bermuda, where inhabitants prepared for high winds and heavy seas, and the U.S. East Coast.

AT&T sued by agency for age discrimination

AT&T Inc has been sued by the U.S. Equal Employment Opportunity Commission, which accused the largest U.S. phone company of age discrimination for refusing to rehire previously retired workers over age 40.

Two charged in Swiss banking tax evasion scheme

The United States stepped up efforts to crack Swiss bank secrecy codes on Thursday by indicting a banker who moved from UBS AG to another bank and a Zurich lawyer, on charges of helping wealthy Americans hide their assets from U.S. tax authorities.

U.S. charges two in Swiss banking tax evasion scheme

The United States stepped up efforts to crack Swiss bank secrecy codes on Thursday by indicting a banker who moved from UBS AG to another bank and a Zurich lawyer, on charges of helping wealthy Americans hide their assets from U.S. tax authorities.

Lockerbie bomber sent home to Libya to die

A former Libyan agent jailed for life for the 1988 Lockerbie bombing that killed 270 people flew home on Thursday after Scottish authorities released him on compassionate grounds because he is dying of cancer.

Merkel skeptical of RHJ's chances with Opel

German Chancellor Angela Merkel said she was skeptical that financial investor RHJ International would succeed in its bid for carmaker Opel a day before the board of General Motors was expected to announce its preference.

Two charged in Swiss bank tax evasion scheme

The United States widened efforts to crack Swiss bank secrecy codes by indicting on Thursday a banker who moved from UBS AG to another bank and a Zurich lawyer, on charges of helping wealthy Americans hide their assets from U.S. tax authorities.

Court Upholds Texas Admissions Policy

A federal judge on Monday ruled in favor of the University of Texas-Austin and against two white applicants to the state's flagship public college who sued because they felt the school's admissions policies unfairly favored minority applicants, the Chronicle of Higher Education reports.

Flu fighters battle pandemic online

The world is gripped by a flu pandemic and it's up to you to stop it -- that is, if you choose to play a new game developed by a Dutch medical center and available online for free.

AT&T sued by U.S. agency for age discrimination

AT&T Inc has been sued by the U.S. Equal Employment Opportunity Commission, which accused the largest U.S. phone company of age discrimination for refusing to rehire previously retired workers over age 40.

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