IBT Staff Reporter

Base salaries for banking executives at Morgan Stanley will rise this year as the company sets new compensation policies in the wake of scrutiny over bonuses for the financial services industry, according to Bloomberg.

Oil prices are likely to rise significantly higher than today in the coming years, a chief economist from the International Energy Agency said today, according to an Associated Press report.

Global electricity use this year will fall for the first time since 1945 when records began, a signaling the seriousness of the economic recession, according to the International Energy Agency.

Stocks fell for a fourth day on Friday on persistent worries about the U.S. budget deficit, with U.S. Treasuries and the dollar losing ground.

President Barack Obama signed Friday a bill restricting credit card practices into law at a White House ceremony in the Rose Garden.

Euro zone inflation is forecast to have dropped to a new record low in May, dragged down by lower energy and food prices, preliminary data are expected to show next Friday.

Stocks fell for a fourth day on Friday on persistent worries about the U.S. budget deficit, with U.S. Treasuries and the dollar losing ground.

Cigarette companies systematically lied for decades to hide the dangers of smoking, a U.S. appeals court said on Friday as it upheld a trial judge's racketeering verdict.

The retail price of gasoline rose on Friday ahead of the Memorial Day holiday weekend.

This is a tough time to be graduating from college. Your student loan bills, averaging over $22,000, are likely to arrive before a job does. And once it does, that job may not come with benefits.

Evercore Partners Inc named BlackRock Inc's co-founder Ralph Schlosstein as its chief executive, replacing Roger Altman, as the boutique bank seeks to diversify from its core advisory business.

Facebook and Twitter have helped make social networking a household word. Now they need to make money.

What's in the wallet of Timothy Geithner, whose hands as U.S. Treasury secretary are on some of the fattest government purse strings in the world.

The U.S. Health and Human Service (HHS) announced Friday that the department will allocate $1 billion to help companies develop new influenza A (H1N1) Vaccine that is spreading quickly in the world.

Alison Baum of San Antonio, Texas hopes to save money and eat better by getting her hands dirty.

A delegation of U.S. lawmakers led by House of Representatives Speaker Nancy Pelosi will visit China in coming days to discuss international efforts aimed at reducing greenhouse gas emissions.

U.S. President Barack Obama signed into law on Friday sweeping reforms that restrict credit card interest rates and fees, marking a victory for Democrats trying to help recession-weary consumers.

U.S. Federal Reserve Chairman Ben Bernanke told law school graduates on Friday that the recession-mired U.S. economy would recover and to remain optimistic about their job prospects.

Iris Martin is not a banker, real estate lawyer or mortgage broker. She is a former psychotherapist specializing in transformative psychology.

Federal Reserve Chairman Ben Bernanke told law school graduates on Friday that the recession-mired U.S. economy would recover and to remain optimistic about their job prospects.

Stocks rose on Friday, breaking a three-day losing streak, as investors sought to benefit from a fall in the dollar by buying shares of multinationals and commodity companies.

Countries should be ready for more serious H1N1 flu infections and more deaths from the newly discovered virus, World Health Organization chief Margaret Chan said on Friday.

Gulfstream International Airlines faces penalty on violation of overworking its crew, unapproved air conditioner installation and improperly maintained vent blowers on the fleet of 27 BE-1900-D aircraft.

Defense Secretary Robert Gates on Wednesday defended cuts to U.S. missile defense programs, saying Washington would still invest in boosting defenses against long-range missile threats, like those posed by North Korea and Iran.

Florida-based BankUnited, which was closed by the U.S. government and sold to investors, was conducting business as usual on Friday and there was no sign of panic among customers, its new chief executive said.

Middle East’s fastest growing Airlines Emirates on Thursday said its year-on-year net profit ended March 31,3009 fell 72 percent hit by slump demand on rising oil prices and low demand in travel industry in the current economic downturn.

The two-days Europe-Asia meeting will be held in Vietnam from next Monday with a topic of discussing the global financial crisis, but Myanmar issues on trial Suu Kyi may steal the headlines.

Although she is a fan of her elder brother, Dinara Safina did not become the world number one by taking every single piece of advice from Marat.

China will ban smoking in all hospitals and medical facilities from 2011, the Health Ministry said on Friday, as the world's most populous nation struggles to get its people to kick one of their favorite habits.