IBT Staff Reporter

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.

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.

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.