IBT Staff Reporter

Senegal search teams on Tuesday informed the Brazilian Air force and marine that has abandoned search operations for bodies or debris of the Air France 447 flight victims that crashed into the Atlantic on May 31, Folha reported.

Microsoft will launch Hohm a new internet software package for customers to watch their energy usage and help them save in their energy bills.

Natural gas industry veteran Tom Skains praised BB&T Corp. on Wednesday for its success amid the current economic crisis as the financial firm elected him to its board of directors of directors.

Microsoft Corp on Wednesday unveiled its Hohm website designed to help residential power consumers save money and reduce their environmental impact by conserving energy.

U.S. consumers should avoid two brands of pistachios tied to a salmonella-related recall because they may have been repackaged and sold in airports and hotels, the Food and Drug Administration said.

Stocks rose broadly on Wednesday as surprisingly strong durable goods orders and quarterly results from software maker Oracle reinforced the belief the economy was stabilizing.

The outspoken head of a U.S. Congressional watchdog panel will strongly urge lawmakers on Wednesday to set up a new government agency to protect consumers from

Oil rose above $69 a barrel on Wednesday, supported by news of a bigger-than-expected draw in U.S. crude oil stocks and growing geopolitical troubles in some OPEC member countries.

Harvard University announced 275 job cuts on Tuesday, the latest cost-cutting measure at the world's richest university after the financial crisis triggered big losses in its multibillion-dollar endowment

U.S. President Barack Obama will meet Pope Benedict for the first time on July 10 during a visit to Italy to attend a G8 heads of state meeting, a Vatican source said Wednesday.

Total emerged as Russia's favoured energy partner on Wednesday, with Prime Minister Vladimir Putin inviting the French major to take part in some of its largest gas projects after meeting its chief executive.

Carrying a little extra weight may actually be good for you, according to a Canadian study that showed a few pounds appear to protect people from an early death.

President Barack Obama said in an interview aired on Wednesday that he absolutely will get healthcare reform completed in 2009 but declined to say what the final package would eventually look like.

Austrian oil company OMV AG has resisted Iranian pressure to push ahead with investment in a gas project and is prepared to be dropped as a partner, rather than invest now, an executive said on Wednesday.

As deep-pocketed private investors line up to take advantage of a depressed U.S. commercial real estate market, the eventual winners are likely going to be players with the capital -- and the stomach -- to jump in while prices are hitting bottom.

The economic outlook has improved for the first time in two years but soaring unemployment and ballooning budget deficits could knock a weak recovery off track, the OECD said on Wednesday.

Apple Inc. Chief Executive Officer Steve Jobs is recovering well from a liver transplant in Memphis and has an “excellent prognosis,” according to a statement by the Tennessee hospital where the procedure was done.

New orders for long-lasting U.S. manufactured goods rose by a much stronger-than-expected 1.8 percent in May, Commerce Department data on Wednesday showed, providing further evidence that the battered U.S. economy was finding its feet.

New orders for long-lasting U.S. manufactured goods rose by a much stronger-than-expected 1.8 percent in May, Commerce Department data on Wednesday showed, providing further evidence that the battered U.S. economy was finding its feet.

Stocks rose broadly on Wednesday as surprisingly strong durable goods orders and quarterly results from software maker Oracle reinforced belief the economy was stabilizing.

Chemspec International Ltd shares rose nearly 11 percent in their debut trading session on Wednesday following the Chinese specialty chemical maker's initial public offering.

The family of Chemoil Energy founder Robert Chandran is in talks to sell its 51 percent interest in the marine fuel supplier, with trading giant Glencore the frontrunner for a stake worth $240 million, sources familiar with the deal said on Wednesday.

South Korea's KB Financial Group expects to complete a $2 billion rights offer by early September, CEO Hwang Young-key told Reuters on Wednesday, giving it the muscle to possibly buy Korea Exchange Bank or non-banking financial services companies.

In a new twist to an already bizarre episode, South Carolina's lieutenant governor said Monday night that neither he nor Gov. Mark Sanford's staff know where the governor is and that Sanford's office refused his demand to talk to his fellow Republican.

PepsiCo Inc plan an alliance with Japan's Calbee Foods Co to make and sell food items such as potato chips and prawn crackers in Japan, Pepsi said on Wednesday.

Oil dipped below $69 a barrel on Wednesday, falling back after U.S. industry data showed gasoline reservoirs swelled unexpectedly, despite growing geopolitical troubles in some OPEC member countries.

CITIC 1616 Holdings Ltd is seeking to buy international direct dialing (IDD) and mobile value-added service assets in the Asia-Pacific region by the end of 2009, a senior executive said on Wednesday.

Monsanto Co , the world's biggest seed company, posted a 14 percent drop in quarterly earnings on Wednesday and said it planned a restructuring that would cut about 900 employees and separate its declining herbicide business.

American International Group Inc's plans to sell its broker-dealer business, AIG Advisor Group, are facing hurdles, the New York Post said.