IBT Staff Reporter

The U.S. economy is recovering more strongly than expected from its worst recession in decades, but next year will be lackluster and risks of a double-dip downturn remain, economists said in a Reuters poll.

Aug 20, 2009

If earnings reports released on Thursday are a sign of business to come, U.S. apparel retailers will have to continue cutting costs and discounting as slumping sales persist.

Aug 20, 2009

President Barack Obama said Thursday it was a mistake to release the Lockerbie bomber by Scottish authorities on grounds of compassion.

Aug 20, 2009

The Australian Dollar opens higher on Friday (0.8310) and is showing signs of consolidation above the 0.8250 mark.

Aug 20, 2009

Upbeat manufacturing data and weak labor market numbers painted a mixed picture of the U.S. economy on Thursday, while economists forecast it is recovering more robustly than expected from its worst recession in 70 years despite worries about a double-dip recession.

Aug 20, 2009

Discount retailer Dollar General Corp, backed by powerful private equity firm Kohlberg Kravis Roberts & Co , filed for an initial public offering of up to $750 million on Thursday, according to a regulatory filing.

Aug 20, 2009

The U.S. government said it will suspend its popular Cash for Clunkers auto rebates on Monday as the program's $3 billion budget runs dry, a month after it was launched.

Aug 20, 2009

Discount retailer Dollar General Corp, backed by powerful private equity firm Kohlberg Kravis Roberts & Co , filed for an initial public offering of up to $750 million on Thursday, according to a regulatory filing.

Aug 20, 2009

The U.S. government said it will suspend its popular

Aug 20, 2009

The Black Eyed Peas and Jason Mraz have made history on the Billboard Hot 100 singles chart, while Miley Cyrus and Jay-Z entered the list's top 10.

Aug 20, 2009

U.S. President Barack Obama stood by proposals to create a government-run health insurance program on Thursday while insisting the move was merely one element of a wider plan to reform the industry.

Aug 20, 2009

The U.S. government said it will suspend its popular Cash for Clunkers auto rebates on Monday as the program's $3 billion budget runs dry, a month after it was launched.

Aug 20, 2009

Ahead of the new Playstation 3 release , Amazon has warned of shortages of the new slim PlayStation 3 when the system launches next month.

Aug 20, 2009

The Libyan man convicted of blowing up a US airliner over Lockerbie in 1988, killing 270 people including 189 Americans, has arrived at home Thursday and he was greeted as a hero after being set free.

Aug 20, 2009

A tablet version of the Mac will be on the market by early 2010, if not sooner, which, according to industry analysts who follow Apple would bring Apple billions of dollars of new sales.

Aug 20, 2009

Indignant letters, e-mails and phone calls can still get results for unhappy airline travelers, but more are finding that if you really want to vent your frustrations, you can now be loud and fast and public.

Aug 20, 2009

Morgan Stanley is planning to hire as many as 400 traders and salespeople, a hiring spree that comes as the firm tries to dig its way out of three straight quarters of losses.

Aug 20, 2009

Lower costs and better inventory management helped several apparel and accessory retailers posted better-than-expected results on Thursday, while some companies forecast a stronger finish to the year.

Aug 20, 2009

The U.S. Equal Employment Opportunity Commission sued AT&T Inc on Thursday, accusing the nation's largest phone company of discriminating against workers over 40.

Aug 20, 2009

Apple is speculated to roll out a new Apple TV within the next several months, according to Piper Jaffray analyst Gene Munster. Apple has strong incentive to build a new set-top if it decides to offer a subscription service for iTunes video.

Aug 20, 2009

Apple is speculated to roll out a new Apple TV within the next several months, according to Piper Jaffray analyst Gene Munster.

Aug 20, 2009

The popular U.S. government cash-for-clunkers program, offering rebates of up to $4,500 to car buyers trading in older, fuel-thirsty vehicles, will end on Monday, the Transportation Department said on Thursday.

Aug 20, 2009

Ryan Alexander Jenkins, contestant of Megan Wants a Millionaire and I love Money 3, is believed to hiding in Canada after police want to question him in connection to the death of his ex wife.

Aug 20, 2009

Citigroup Inc shares rose as much as 6 percent to their highest in more than three months on growing confidence that the embattled bank would become more profitable as it unloaded troubled assets.

Aug 20, 2009

Stocks rose for a third straight session on Thursday with financial stocks leading gains after U.S. manufacturing data and a rebound in Chinese stocks reassured investors.

Aug 20, 2009

China's top online auction firm, Taobao, recorded transaction volume of 80.9 billion yuan ($11.8 billion) in the first half of 2009, up 97% year-on-year, according to mid-year metrics released on Thursday, despite the slight drop in spending per order due to the economic slow-down.

Aug 20, 2009

The U.S. National Hurricane Center (NHC) said Thursday the eye of Hurricane Bill was about 695 miles southeast of Bermuda and expected to reach Canada's Atlantic Maritime Provinces by Sunday.

Aug 20, 2009

Manufacturing in the U.S. Mid-Atlantic region expanded in August for the first time in 10 months but new filings for unemployment benefits rose last week, an indication weak spending would constrain recovery.

Aug 20, 2009

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.

Aug 20, 2009