IBT Staff Reporter

Internet content delivery company Akamai Technologies Inc reported second-quarter revenue and an outlook that fell short of Wall Street's expectations, citing pricing pressure, dragging its shares down 11 percent in after-hours trade.

Security software maker Symantec Corp reported a steeper-than-expected drop in quarterly profit, saying its average deal size is shrinking.

CapitaLand, Southeast Asia's biggest developer, on Thursday posted its first quarterly loss since 2003 due to writedowns on investments and said the outlook for 2009 was uncertain.

Microsoft Corp and Yahoo Inc sealed a 10-year Web search deal to better compete against market leader Google Inc.

China State Construction Engineering Group (CSCEC), the world's largest stock offering in 16 months, had 28 billion yuan capital trapped in stock at their debut in Shanghai as its price fell to 6.53 yuan compared to the opening price of 6.70 yuan.

Democrats broke a logjam in President Barack Obama's drive to revamp the costly healthcare system on Wednesday when a group of party conservatives accepted a compromise that allowed a reform bill to advance in the U.S. House of Representatives.

On the heels of closing a $24 billion state budget deficit, California faces new financial trouble -- from its public pensions.

Weak demand for new civilian aircraft and defense equipment pulled U.S. orders for costly durable goods down in June but the underlying trend toward an improved pace of manufacturing activity continued.

When the dust from the great coffee war that wasn't settles, McDonald's and Starbucks will find that each plays on a slightly shifted field, but neither side has captured the spoils -- the other's customers.

The U.S. President Barack Obama will visit North Carolina and Virginia on Wednesday to tout his controversial health care reform plan.

Microsoft's 10-year Internet search deal with Yahoo will get a hard look from Obama administration antitrust enforcers but will probably squeak through.

Australian miner giant BHP Billiton has unveiled a shift in the way it prices sales of iron ore, indicating the end of 40 years of annual contracts.

President Barack Obama said on Wednesday that General Motors Co and Chrysler Group were companies worth saving, but he expects both to repay their government loans.

Travel is often filled with museums, crowds, and breakneck itineraries. But, the off-the-beaten path travel is far more memorable and relaxing.

Visa Inc reported better-than-expected quarterly earnings on Wednesday, as the world's largest credit card network sold its stake in Brazil's VisaNet, trimmed expenses and consumers used debit cards more.

U.S. stocks fell on Wednesday as investors worried that China might be ready to hit the brakes on lending, a move that could curb demand and hinder the global economic recovery.

Stocks fell on Wednesday as investors worried that China might be ready to hit the brakes on lending, a move that could curb demand and hinder the global economic recovery.

Microsoft Corp and Yahoo Inc have launched a 10-year Web search deal to challenge market leader Google but stopped short of combining other advertising businesses or suggesting any deeper ties.

Two thirds of the Federal Reserve districts across the U.S. reported weakening activity in commercial real estate despite a moderated or stabilized pace of decline in the overall economy, according to a report issued by the Federal Reserve today.

The top U.S. futures regulator on Wednesday expressed concern that exempting some investors from proposed position limits on futures contracts could undermine efforts to clamp down on excessive speculation in energy trading.

Following a year of to-and-fro negotiations, Microsoft Corp. and Yahoo Inc. finally agreed to partner up in the Internet-search sector in a joint effort to beef up competition against search-engine giant, Google.

Crude oil futures posted their largest one-day loss since April after a report that U.S. crude inventories surged by 5.1 million barrels last week. Oil declined nearly 6 percent trading near $63 per barrel today.

Stocks fell on Wednesday as investors worried that China's banks might be ready to hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery.

Sprint Nextel Corp posted a wider quarterly loss and revenue fell 10 percent as the No. 3 U.S. mobile service continued to lose valuable post-paid monthly bill-paying customers, sending its shares down almost 12 percent.

Corrects final paragraph to show that Nasdaq's decliners outnumbered advancers

After Tony Romo dumped Jessica Simpson the night before her birthday July 10, the Dallas Cowboys quarterback has already moved on to another blonde girl.

The pace of the recession has slowed or stabilized in most areas of the United States, the Federal Reserve said on Wednesday in a report that pointed to protracted job market weakness even as the economy transitions to recovery.

Stocks fell on Wednesday as investors worried that China's banks might be ready to hit the brakes on lending to stem market excesses, a move that could curb the global economic recovery.

The trustee winding down imprisoned swindler Bernard Madoff's former firm sued his wife on Wednesday, seeking at least $44.8 million for investors bilked in Wall Street's biggest investment fraud.