IBT Staff Reporter

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.

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.

The science fiction film District 9 produced by The Lord of the Rings' Peter Jackson has been well reviewed as an intense well crafted and original film.

U.S. video game equipment and software sales fell 29 percent in July to $848.9 million, research group NPD said on Thursday, as the gaming industry limps through the economic downturn.

District 9, a movie filmed in a faux-documentary style, is one part South Africa apartheid history lesson and one part X-Files.

Nordstrom Inc posted a steep decline in quarterly profit on Thursday that nevertheless met Wall Street's expectations, as the upscale department store chain controlled inventory and expenses to offset languishing sales.

The Television Academy and broadcaster CBS on Wednesday reversed a plan to drop live presentations in some categories during the September 20 Emmy awards ceremony after a backlash within the industry.

The U.S. Department of Energy and the Department of Treasury announced on Thursday they will deploy $2.3 billion in tax credits from stimulus money for manufacturers of clean energy equipment.

Heavyweight boxer Mike Tyson says he still has no idea how to handle the accidental death in May of his 4 year-old daughter, calling it a

Originally scheduled for an August 25th release date and then September 15th, Mariah Carey's upcoming 12th studio album, has been delayed yet again.

The Commodity Futures Trading Commission on Thursday proposed creating a new account class for over-the-counter derivatives.

California state controller said Thursday the state will stop issuing registered warrants or IOUs as payment on September 4, approximately a month earlier than originally planned. The decision came after last month's enactment of a revised budget that closed California's $24 billion deficit. Read the complete article here.

Microsoft Corp put its new Zune HD digital music and video player on sale on Thursday, pricing it below comparable Apple Inc iPod devices, in an attempt to claw some market share away from the dominant leader.

Sallie Krawcheck has purchased just over $1 million of Bank of America Corp stock, a little more than a week after becoming head of global wealth and investment management at the largest U.S. bank.

The U.S. Department of Energy's Information Administration said Thursday natural gas stockpiles increased by 63 billion cubic feet to 3,152 Bcf for the week ended August 7. he U.S. Department of Energy and the U.S. Department of the Treasury announced on Thursday they will allocate $2.3 billion in tax credits for manufacturers of clean energy equipment.

Ford Motor Co said on Thursday it was increasing production after a surge in sales ignited by the U.S. Cash for Clunkers program.

General Electric's security business on Thursday announced the first order for a new portable device for air cargo facility checkpoint security which detects traces of narcotics and explosives.

U.S. and Swiss negotiators were drenched in sweat when they finally settled their dispute over access to the names of American clients of UBS AG suspected of tax evasion, a source close to the talks said on Thursday.

Stocks rose on Thursday as better-than-expected earnings by Wal-Mart Stores Inc helped offset disappointing government numbers on retail sales and jobs.

Iran's defeated presidential candidate Mehdi Karoubi said on his website Thursday that some of those arrested after the June presidential election were tortured to death, but other inmates defended their treatment.

The father of a French teaching assistant charged with spying in Iran said on Thursday he hoped his daughter would leave prison later in the day, after France agreed to provide bail for her conditional release.

California state controller said Thursday the state will stop issuing registered warrants or IOUs as payment on September 4, approximately a month earlier than originally planned.

The U.S. Federal Reserve has ordered CIT Group Inc , the cash-strapped corporate lender struggling to avoid bankruptcy, to submit a plan for raising capital and meeting debt obligations within 15 days.

The U.S. Federal Reserve has ordered CIT Group Inc , the cash-strapped corporate lender struggling to avoid bankruptcy, to submit a plan for raising capital and meeting debt obligations within 15 days.

Americans shopped less in July and more signed up for jobless benefits last week in a double dose of bad news for the U.S. economy just a day after the Federal Reserve said it saw a leveling out of the slump.

U.S. monetary authorities did not intervene in foreign exchange markets in the second quarter as an improving global economic outlook pressured the U.S. dollar, the Federal Reserve Bank of New York said on Thursday.

Ford Motor Co (F.N) said on Thursday it will increase production over the rest of the year after a surge in sales triggered by the U.S. government's

When the stakes could not be higher, the U.S. government looks to Kenneth Feinberg to untangle and defuse its most politically and emotionally challenging disputes.