IBT Staff Reporter

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.

Creditors of Chrysler have won approval from a federal bankruptcy court to sue Daimler AG (DAIGn.DE) and pursue a claim that its 2007 sale of Chrysler stripped the U.S. automaker of its most valuable assets.

UBS AG is leaving one problem behind with the settlement of its tax row with the U.S. government, but the bank's Americas wealth management unit still faces headwinds that could force a sale.

Album sales, a movie deal and other projects could boost Michael Jackson's estate by $200 million before the end of this year, the Los Angeles Times reported on Thursday.

Legendary guitarist and inventor Les Paul, who pioneered designs of electric guitars, has died of complications from pneumonia at a New York hospital, his lawyer said on Thursday. He was 94.

Samsung on Thursday unveiled the world's first dual view screen LCD cameras equipped with ground breaking technology.

The cap and trade system proposed in climate legislation now being discussed in the U.S. Senate is not the most effective way to regulate carbon and reduce emissions of greenhouse gases and its success is doubtful, according to a pioneer of the cap and trade concept.

Magna and its Russian partner Sberbank have reached an agreement in principle with General Motors management over a contract to buy 55 percent of GM's European unit Opel, Magna's co-CEO Siegfried Wolf told Reuters on Thursday.

Kourtney Kardashian appeared on the “Today” show this morning to reveal the identity of her baby's father: it is her ex-fiance, Scott Disick.

U.S. Secretary of State Hillary Clinton gave firm support in Liberia on Thursday to Africa's only woman president, a corruption fighter who has come under fire at home.

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