IBT Staff Reporter

A U.S. institutional investor sued Textron Inc on Thursday, charging the world's largest maker of corporate jets with misleading investors with an overly rosy picture of business conditions.

Lender CIT Group Inc , which has been struggling to avoid bankruptcy, has 15 days to come up with a capital and liquidity management plan after an order from the Federal Reserve.

Iran's defeated presidential candidate Mehdi Karoubi said on Thursday that some detainees taking part in post-election protests have been tortured to death.

Grammy Award-winning guitar legend and inventor who changed the course of music with the electric guitar, Les Paul, died on Thursday in NY with pneumonia at 94.

North Korea released a South Korean employee detained for more than four months after Hyundai Chief Hyun Jung-eun's four-day mission to the communist country.

Les Paul, 94, a Grammy Award-winning guitar virtuoso and inventor, died today at a hospital in White Plains, N.Y.

Security Research Lab on Thursday said Microsoft's Windows 7 release is prone to Firewire-based physical security attack such as Cold Boot Attacks derived from Windows Vista.

U.S. mortgage rates rose in the latest week as Treasury yields climbed, according to a survey released on Thursday, a move that may dampen home loan demand.

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.

Ford Motor Co 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 Cash for Clunkers sales incentive program.

Microsoft's next generation mp3 player, Zune HD, which set to start shipping on September 15, is now available for pre-order today for $299.

U.S. stocks edged up on Thursday as better-than-expected earnings by Wal-Mart Stores Inc. offset gloomy government numbers on retail sales and employment.

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.

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.

Warren Buffett's Berkshire Hathaway Inc underestimated the risks of falling stock prices to its billions of dollars of derivatives bets, yet still believes it is valuing the contracts fairly.

Large U.S. food companies have been pushing the Obama administration to ease sugar import curbs, citing forecasts for unprecedented sugar shortages that could result in higher retail prices and possible job losses.

Unexpected Retail Slip; Opel Deal Near; CIT Reveal

Large U.S. food companies said the country could virtually run out of sugar unless the Obama administration eased import curbs, the Wall Street Journal said.

Google search engine infrastructure dubbed as Caffeine is down, a possible come back is set this afternoon. “DON'T PANIC”, said Matt Cutts, Principal Engineer of Google.

U.S. stocks rose on Thursday as better-than-expected earnings by Wal-Mart Stores Inc offset gloomy government reports on retail sales and employment.

Ford Motor Co said on Thursday it is increasing production over the rest of the year to meet increased demand spurred by the U.S. government's Cash for Clunkers sales incentive program.

Pregnant women who underwent female genital cutting as girls are at increased risk of needing an emergency Cesarean section or suffering serious tears during childbirth, a new study finds.

A year after receiving gene therapy for a condition that causes total blindness by age 30, three people continue to see better and one has improved enough

The U.S. government finalized rules on Wednesday meant to make it easier for seriously ill patients to gain access to unapproved medicines when they have run out of other options.

Troubled lender CIT Group Inc on Thursday said it agreed to provide a capital and liquidity management plan to its regulator within 15 days, sending its shares up by as much as 19 percent.

Up to 90 percent of all voice call and Internet services from parts of East Asia that were disrupted after Typhoon Morakot damaged undersea cables will resume by the end of Thursday, a senior Chunghwa Telecom official said.

Improvements in cancer screening and better treatments have resulted in steady declines in cancer death rates over the past three decades, U.S. researchers said on Thursday.

Inside an aging sports arena, where rows of dental chairs and a hospital smell have replaced the former Los Angeles Lakers basketball court, thousands of Americans are seeking free healthcare.

Ford Motor Co said on Thursday it is increasing production over the rest of the year to meet increased demand spurred by the U.S. government's Cash for Clunkers sales incentive program.