IBT Staff Reporter

Time Warner Inc on Thursday made official plans to separate its AOL division sometime around the end of this year, a widely expected move that sheds one of the media company's weakest divisions.

Independent oil and gas research, Derrick petroleum Service on Thursday said a $20 Billion excess of Oil and Gas assets is currently for sale worldwide due to the whipsaw in oil and gas prices demand in the economic downturn with estimated value of more than $10 million.

The State of Florida took a major step forward to save lives and protect children yesterday when Governor Charlie Crist signed a $1 per pack surcharge into law.

Stocks climbed more than 1 percent on Thursday as higher oil prices drove up energy shares and falling yields in the bond market eased concerns that higher borrowing costs would hinder economic recovery.

Funding for poison control services has been completely eliminated from the Governor's budget. Poison control services cost California $5.9 million but save $70 million in health care costs and prevent 164,000 emergency room visits each year.

The 37th annual Fragrance Foundation 2009 FIFI(R) Award on May 27 went to Sean John for his latest “I am King” fragrance.

There are green shoots, but not much more.

Dell Inc. posted on Thursday lower-than-expected sales for its first quarter which ended on May 1, saying it was severely hurt by its reliance on business customers.

General Motors Corp persuaded its major bondholders to accept a sweetened ownership plan on Thursday, a deal that could result in a smoother ride for the carmaker through bankruptcy.

Starting pregnancy at a healthy weight and gaining the right amount during pregnancy is critical to giving a baby a healthy start in life, the March of Dimes said today in response to new guidelines from the Institute of Medicine (IOM).

Google has unveiled a new-age communication and collaboration tool developed by the same team that brought us Google Maps.

The Los Angeles County Department of Public Health, in conjunction with Ralphs and L.A. Care Health Plan, will give away the largest free supply of nicotine patches and gum in California, and are asking residents who are interested in helping others quit smoking to volunteer during this giveaway.

Stocks climbed on Thursday as rising oil prices drove up shares of energy companies and falling yields in the bond market eased concerns that higher borrowing costs would delay an economic recovery.

Alfred Lane, MD, knows that kids love summer and kids love sun. However, Dr. Lane cautions, parents must remember that

Sales of new U.S. single-family homes rose slightly in April, while fewer workers filed for first-time jobless aid last week, raising hopes the worst of the deep economic recession was likely over.

Treatment guidelines exist to help physicians choose the best treatment options for their patients based on current scientific studies.

Palm Inc's iPhone competitor Pre got an unexpected boost on Thursday as No. 1 U.S. mobile service Verizon Wireless said Pre would be part of its upcoming device line-up, sending Palm shares up 8.8 percent.

The European Union's executive body will study plans by Google to make millions of books available online after Germany said the Internet company's project flouts EU copyright law.

Palestinian President Mahmoud Abbas met President Barack Obama on Thursday to urge stronger U.S. pressure on Israel to halt settlement building even as the Jewish state rebuffed Washington's latest appeal.

A pickup in U.S. home sales has kindled hopes for a housing recovery, but plunging prices, rising unemployment and a new wave of foreclosures are clouding prospects for a quick end to the American real estate debacle.

The European Commission announced Thursday that it will host a meeting of industry and economy ministers on Friday to discuss state support measures for the U.S. General Motors (GM)'s European subsidiary Opel.

Microsoft announced on Thursday its Bing search engine, a decision engine that will replace live.com worldwide as of June 3. If successful, it is excepted to change the face of search engineer market, said Forrester analyst Shar VanBoskirck.

Jeremy came to me with a very average résumé not unlike many others I see on a daily basis. While his résumé presented an overview of his jobs with accomplishments scattered throughout, it lacked the appeal to make the most of the 7 seconds his résumé would get in front of the hiring manager.

The World Bank plans to offer up to $3-3.5 billion in zero-interest loans to Vietnam from next year through 2012 after it received positive assessments of the efficiency of WB-funded projects in the country.

Nokia expanded its global research laboratories of with the opening of Nokia Research Center, Berkeley on Thursday, advancing closer to its mobile devices research.

Stocks climbed on Thursday as rising oil prices drove up energy shares and data on orders for durable goods signaled the economy was stabilizing.

Oil surged past $65 a barrel on Thursday to a fresh six-month high after OPEC decided to keep output unchanged and government data showed a steep drop in U.S. crude inventories.

Verizon Wireless plans to offer the Palm Pre on its telecom network in about six months, Verizon executive Lowell McAdam said during an investor conference Webcast on Thursday.

Shares of Moody's Corp fell sharply on Thursday after hedge fund manager David Einhorn, who correctly questioned the health of Lehman Brothers four months before its collapse, disclosed he was shorting the venerable ratings agency.