IBT Staff Reporter

South Carolina's top court on Thursday ordered Governor Mark Sanford, a fierce critic of President Obama's economic stimulus program, to take $700 million in federal stimulus money.

News that Trump Entertainment Resorts terminated the sale of one of its Atlantic City casinos has piqued the interest of two to three qualified buyers, said the company's chief executive in an interview.

Nokia Siemens Networks and Juniper Networks Inc said on Thursday they plan to create a joint venture aimed at the carrier Ethernet market, one of the remaining growth pockets in the shrinking telecommunications equipment market.

The Walt Disney Co, Hearst Corp and NBC Universal are in talks to create a new corporate entity comprising the 10 cable channels the three companies own jointly, including A&E, Lifetime and History.

Bank of America Corp is forcing out Chief Risk Officer Amy Woods Brinkley, after a surge in credit losses led to a government bailout and an order by regulators to raise $33.9 billion of capital.

Leading Chinese telecommunications and networking company Huawei technology reportedly intends to buy some assets in Nortel's holdings, according to a Chinese media's report.

Chinalco may walk away from its planned $19.5 billion deal with Rio Tinto following weeks of wandering over the terms of the transaction.

Share India’s Satyam Computer Services Ltd fell on Thursday after Tech Mihandra said it will repay its 3 billion rupee loan or $64 million in net proceeds, which had raised from state-run bank in February.

An Internet service provider with links to Eastern Europe has been unplugged after it was suspected of being behind computer intrusions at NASA and sending massive amounts of malicious spam, the Federal Trade Commission said on Thursday.

Hulu could start charging for some of its online video content, News Corp's new digital director said, although research shows consumers are not ready to pay.

News that Trump Entertainment Resorts terminated the sale of one of its Atlantic City casinos has piqued the interest of two to three qualified buyers, said the company's chief executive in an interview.

The outbreak of the new H1N1 flu virus has begun to wane with the start of summer in North America, and U.S. health officials said on Thursday they are looking to lessons learned as they prepare for its return in the autumn.

Global health officials underestimated the risk that pig herds might be a source of new influenza strains, choosing instead to focus on the threat of bird flu, researchers in Mexico said on Thursday.

The Obama administration stepped up its push for tougher bank and financial firm rules on Thursday, scheduling a briefing for lobbyists, with a focus on insurance oversight, and sending a top regulator to a Senate hearing to discuss plans for regulating derivatives markets.

Akira Kubota replaced Shizuo Takashino as board chairman of Sony (China) Co. Ltd. on June 1, 2009, Sony China said in a statement.

Stocks rose on Thursday as a brokerage's upbeat view on U.S. banks drove a run-up in financials, while soaring prices of oil and other commodities lifted natural resource companies on bets the economic slump is waning.

Canada's telecoms watchdog will continue to keep Internet and cellphone-based broadcasting services out of its regulatory reach, the agency announced on Thursday.

Canada's telecoms watchdog will continue to keep Internet and cellphone-based broadcasting services out of its regulatory reach, the agency announced on Thursday.

Actor David Carradine, star of the 1970s U.S. television show Kung Fu, was found naked and hanging dead from a rope in the closet of his luxury Bangkok hotel room on Thursday, Thai police said.

The U.S. regulator of the futures industry proposed a package of reforms for the first comprehensive regulation of over-the-counter derivatives and the dealers who handle the exotic instruments on Thursday.

Bank of America’s top management circle will be changing at the end of June as chief executive Kenneth Lewis announced today that company veteran Gregory Curl will replace retiring Chief Risk Officer Amy Woods Brinkley.

Medical bills are behind more than 60 percent of U.S. personal bankruptcies, U.S. researchers reported on Thursday in a report they said demonstrates that healthcare reform is on the wrong track.

Bank of America Corp is forcing out Chief Risk Officer Amy Woods Brinkley, after a surge in credit losses led to a government bailout and orders by regulators to raise $33.9 billion of capital.

Fewer U.S. workers filed new claims for jobless benefits for a third straight week last week and productivity rose faster than expected in the first quarter, data showed on Thursday, supporting budding hopes that the recession is losing force.

A U.S. federal appeals court on Friday will hear arguments that Chrysler LLC's sale to a group including Italian carmaker Fiat SpA and the U.S. government violates long-standing bankruptcy law and should not be allowed to go forward.

Citi Private Bank announced Thursday the appointed of Peter Charrington as the Chief Executive Officer of its North American business.

Stocks rose on Thursday as a brokerage's upbeat view on U.S. banks drove a run-up in financials, while soaring prices of oil and other commodities lifted natural resource companies on bets the economic slump is waning.

Countrywide Financial Corp co-founder Angelo Mozilo and two other former executives at the once-largest U.S. mortgage lender were sued by U.S. stock regulators on Thursday.

Mumbai-based automaker Tata Motors on Thursday said it plans to expand its smallest car to new markets, including America and to its neighboring markets in Asia.