IBT Staff Reporter

A rift between AIG and Maurice Hank Greenberg, former head of the ailing insurer, raised questions in 2005 about a decades-old compensation plan funded by a private affiliate, Greenberg told a federal jury on Thursday.

Korean food is as adventurous as the land and culture it comes from. Mountains of side dishes, paired with a sensory overload that is typical of Korean dining and you have yourself an experience, not just a meal.

The possibility of the Federal Reserve gaining regulatory authority over General Electric Co's hefty finance arm could influence how the company restructures that business.

In what maybe the epicenter of the H1N1 pandemic, Hong Kong reported more new cases of human infections on Thursday, bringing the total number of infections to 221 in the city.

Sirius XM Radio Inc. released its long-awaited iPhone application for free today.

Duke Energy Corp. - the third largest nuclear power operator in the U.S. - unveiled plans to build a nuclear power reactor in Ohio, its Chief Executive Officer said during a press conference Thursday in Piketon, Ohio.

Stocks gained on Thursday after a recent small pullback as data on the jobs market and regional manufacturing revived hopes that the recession-hit economy is stabilizing.

The U.S. economy sprouted more green shoots of recovery in data released on Thursday, with weekly jobs figures showing unexpected improvement and the slumping factory sector revealing dramatic signs of a rebound.

An Iranian exiled professor, Afshin Ellian wrote an open letter to the Supreme leader Ayatollah Khamenei saying that 'your regime is finished'. Here is the full test of his letter digested from the internet.

A federal appeals court said three former Merrill Lynch & Co bankers may be retried on charges they helped Enron Corp defraud shareholders over a sham transaction involving Nigerian power barges.

The Dow and the S&P 500 rose on Thursday following three days of losses as economic data pointing to stabilization in the job market and improving regional business conditions lifted investor sentiment.

Discover Financial Services reported a smaller-than-expected quarterly operating loss as the fourth-largest U.S. credit card network cut costs and bad loans grew less than expected, sending its shares up 5.5 percent.

Iranian opposition politician Ebrahim Yazdi has been arrested while in hospital, an ally said on Thursday, the latest in dozens of detentions of pro-reformers since last week's disputed presidential election.

Airplane makers plan to crank up production volumes as soon as the global economic crisis starts easing, and they are using this year's Paris Air Show to convince suppliers that they can sell as many planes as planned.

President Barack Obama's announcement Wednesday offering limited benefits to the same-sex partners of federal employees failed to quell growing anger in the gay community that gay rights issues were getting short shrift at the White House.

The World Bank will decide on June 30 whether to give Ghana a $300 million loan to help stabilise the economy, knocked by heavy spending under a former government as well as global woes, the bank said.

North Korea has several thousand tons of chemical weapons it can mount on missiles that could be used on a rapid strike against the South, said a report released on Thursday by the International Crisis Group (ICG).

Discover Financial Services , the fourth-largest U.S. credit card network, said quarterly earnings from continuing operations rose nearly 12 percent, helped by an antitrust settlement.

European Union leaders will approve new rules to tighten bank supervision at a two-day summit which starts on Thursday and is intended to show the bloc has the economic crisis under control.

Inside a television studio in a suburban Los Angeles strip mall, Farsi-speaking producers pore over hundreds of photos and video clips spirited out of Iran by protesters disputing the result of the recent presidential election.

Hungary and the United States are in talks about resettling in Hungary a small number of prisoners held at Guantanamo Bay, Cuba, a senior U.S. diplomat said on Thursday.

Russia said on Thursday that talks with the United States on reducing vast arsenals of Cold War nuclear weapons were proceeding constructively ahead of a visit by U.S. President Barack Obama to Moscow in July.

The U.N. nuclear watchdog chief Thursday angrily rejected Israeli accusations of bias in a probe by his agency into allegations of a secret Syrian atomic site, calling Israel's position totally distorted.

Italian Prime Minister Silvio Berlusconi, fresh from a controversy over his friendship with an 18 year-old woman, is now defending himself from allegations that female escorts were paid to attend parties at his homes.

Tens of thousands of Mirhossein Mousavi's backers, wearing black and carrying candles, rallied in Tehran on Thursday to mourn those killed in mass protests against an election the defeated candidate says was rigged.

Ford Motor Co, the only U.S. automaker not to file for bankruptcy this year, has a sound balance sheet and is seeking to further reduce debt, Chief Executive Alan Mulally said on Wednesday.

Pier 1 Imports Inc posted a narrower-than-expected quarterly loss, helped by improved merchandise margins due to reduced supply chain costs and decreased clearance activity, sending the home furnishings retailer's shares soaring 25 percent.

The number of U.S. workers filing new claims for jobless benefits rose last week but the number of people staying on the benefit rolls after collecting an initial week of aid fell for the first time since January, a government report showed on Thursday.

PlusPetrol Resources Corp NV said on Thursday it plans to bid about C$400 million ($354 million) for Petro Andina Resources Inc (PAR.TO) to expand its oil and gas operations in Argentina, Colombia and Trinidad.