IBT Staff Reporter

BHP Billiton has hired Bank of America-Merrill Lynch to advise it on a sale of its Ravensthorpe nickel operation in an auction which could fetch $1 billion, a source with direct knowledge of the matter said on Friday.

FedEx Corp., which in June reported a net loss of $876 million for its latest quarter, said on Thursday that it will keeps its first fiscal quarterly cash dividend steady at 11 cents per share.

Wall Street was poised for a flat open on Friday after government data on consumer prices suggested U.S. inflation will remain mild, even with evidence of a stabilizing economy.

J.C. Penney Co Inc posted a smaller-than-expected net loss as the retailer kept a tight lid on costs, but signaled results could miss expectations later this year, sending its shares lower.

Boeing Co said it stopped work more than a month ago on two sections for its 787 Dreamliner model after wrinkles were found in the composite-material fuselages supplied by Italy's Alenia Aeronautica, Bloomberg reported.

Five days of United Nations climate change talks in Bonn, Germany conclude Friday. Seven of the top ten best paid chief executive officers in the United States last year belong to oil companies.

Abercrombie & Fitch Co reported a quarterly loss as sliding sales, higher markdowns and increased costs weighed on the teen-apparel retailer.

U.S. consumer prices were flat in July versus June, but fell over the past 12 months by the most since 1950, according to government data that suggested benign inflation pressure even amid signs the recession may be winding down.

Playwright David Mamet, whose works often revolve around cutthroat men who use bruising dialogue, will write a screenplay about Holocaust victim Anne Frank, the Walt Disney Co said on Wednesday.

Who will Jennifer do?

U.S. consumer prices were flat in July versus June as expected, but fell over the past 12 months by the most since 1950, government data showed on Friday.

Talk about being handed a bill of Goods.

Christopher McQuarrie has signed on to write the script for the

A group of Polish nationalists condemned on Thursday a planned weekend concert by pop diva Madonna in Warsaw, branding her a

U.S. stock index futures pointed to a slightly higher open on Friday as investors await inflation and consumer sentiment data for more solid signs of an economic recovery.

The Natalie Portman-starring

J.C. Penney Co Inc posted a narrower-than-expected net loss on Friday as the department store operator kept a tight lid on costs amid falling sales, and raised its profit forecast for the year.

For banks looking to seize market share in the lucrative Asian equities business, all eyes are on China.

Boeing Co supplier Alenia Aeronautica halted production of two major 787 structural components due to manufacturing flaws, an aviation industry blog said.

Abercrombie & Fitch Co reported a quarterly loss versus a year-earlier profit as sliding sales pummeled the teen retailer.

U.S. stock index futures pointed to a higher open on Friday ahead of key data on inflation and consumer sentiment and quarterly results from major retailer JC Penney .

U.S. stock index futures pointed to a higher open on Friday ahead of key data on inflation and consumer sentiment and quarterly results from major retailer JC Penney .

General Motors Co said on Thursday it would invest $43 million to create a plant in Michigan where it will build lithium-ion battery packs for its Chevrolet Volt and other electric vehicles.

World stocks hit 10-month highs for a second day running on Friday following upbeat growth data from the euro zone, but a fall in Chinese stocks and caution over the ongoing U.S. earnings season tempered gains.

Taking his private equity firm public paid off big for Blackstone Group LP's Stephen Schwarzman, who became the top-paid chief executive in the United States last year, a title he is likely to retain for some time, according to an analysis released on Thursday.

Bank of America Securities-Merrill Lynch Research downgraded the European telecoms sector to neutral from overweight, saying the sector's relative earnings momentum is likely to lag that of sectors more geared into a recovering economy.

Dole Food Co Inc filed with U.S. regulators on Friday to raise up to $500 million in an initial public offering of common stock.

U.S. bankruptcy filings rose 38 percent in April-June from a year ago, according to court data released Thursday, as consumers and business were hit by rising unemployment and a lack of credit.

Shares in solar power companies fell on Thursday, led by a 14-percent drop in LDK Solar Co Ltd, which posted a wider-than-expected quarterly loss.