IBT Staff Reporter

American International Group Inc. announced today that chairman and chief executive officer, Edward M. Liddy, plans to step down when a search for replacements is complete for these two positions which will be split.

The crew of the space shuttle Atlantis is preparing to return to Earth this Friday after successfully repairing and upgrading the Hubble telescope.

Stocks slid in a broad sell-off on Thursday as investors, concerned about the U.S. budget deficit, exited dollar-denominated assets across the board.

American International Group Inc said on Thursday that its Chief Executive and Chairman Edward Liddy would step down as soon as a successor is found to take over running the bailed out insurer.

Cisco Systems Inc has completed purchase of Flip digital camcorder-maker Pure Digital Technologies on Thursday, making a further step to be a major player in the consumer electronics market.

Technology can pull the United States out of recession and help the world's ailing financial markets work better, Microsoft Corp Chairman Bill Gates told a high-level business summit at the company he co-founded.

Stocks fell on Thursday as investors worried the economic recovery won't be as quick as previously thought, while a cut of Britain's credit rating outlook heightened worries about the U.S. fiscal condition.

U.S. manufacturers and retailers that get products or components from China are increasingly concerned about quality, intellectual property and rising costs in China, and more are looking at alternate sites, according to a study published on Thursday.

The spread of the new H1N1 virus in Asia showed no signs of slowing Thursday as the Philippines recorded its first case and new infections were confirmed in Japan, China and Taiwan.

Prime Minister Gordon Brown suffered the latest in a series of setbacks Thursday when he caved in to public pressure and said more retired Nepalese Gurkha soldiers would be allowed to settle in Britain.

Xerox Corp said on Thursday Anne Mulcahy, who has been credited with revitalizing the world's top supplier of digital printers and document management services, will retire as chief executive in July and be replaced by Ursula Burns.

Standard & Poor's on Thursday cut its rating on the New York Times Co deeper into junk status, citing rising leverage in the midst of a newspaper industry slump.

The consequences of Iran acquiring a nuclear weapon would be calamitous and major powers must act together to prevent it, the top U.S. military officer said on Thursday.

Bill Gross, the co-chief investment officer of bond giant Pacific Investment Management Co., said market fears that the U.S. is at risk of losing its AAA credit rating is sending the U.S. dollar, stocks and bonds under severe selling pressure on Thursday.

Stocks slid in a broad sell-off on Thursday as a disappointing report on the labor market quashed hopes the economy was on the verge of recovery.

Dell Inc is still cautious about corporate technology spending, but plans to make acquisitions and aggressively pursue enterprise customers in an effort to win back market share in the United States.

Apple still does not have any plans to enter the booming netbook market. Instead, the company may be preparing to introduce a new mobile device, a tablet measuring between 7 and 10 inches, according to analysts from research firm Piper Jaffrey.

Oil fell on Thursday, dragged down from six-month highs as signs of job market weakness stoked concerns about the economy.

High-level bank regulators were aware of and in some cases even directed thrifts to inappropriately backdate capital contributions, according to a report released on Thursday by the U.S. Treasury Department watchdog.

If political history is any guide, Gordon Brown is heading for certain defeat in a British general election next year.

Beijing appeared to be a bloated metropolis all gussied up for the August Olympics, scrubbed clean with colorful potted plants lining the streets, with not a speck of litter marring the immaculate avenues.

General Motors Corp and the United Auto Workers have reached an agreement on contract changes and restructuring $20 billion in debt owed to a trust fund for retiree healthcare, the union said on Thursday.

You’ve probably heard the cliché statistic: you are far more likely to die in a car crash than in a plane crash.

Oil fell nearly 2 percent on Thursday, dragged down from six-month highs as signs of job market weakness stoked concerns about the economy.

The Obama administration is mulling a new agency to better protect consumers who buy financial products or take out mortgages from practices like those that led to the current financial crisis, U.S. Treasury Secretary Timothy Geithner said on Thursday.

One of Jamie’s long-time interests has been road cycling, and a couple of years ago, I decided I’d like to take it up, too. As a novice, I appreciated the patience and care Jamie took to teach me the rules of the road and coach me on the physical aspects of riding. When the bike trail was crowded or road conditions were dicey, he got in the habit of riding lead, calling out warnings about approac...

Dear Sam: In the last three months, I have had three interviews that were effectively cancelled. For the first interview, I arrived exactly at the scheduled time. I was actually early, but by the time I found the part of the building I was supposed to be in, it was my appointment time. I was told I would not be granted an interview because I was not there 15 minutes early.

Suntech Power Holding Co on Thursday saw its shares fall 7.8 percent after it posted a first quarter net loss of 96 percent.

Wall Street securities firms will emerge from the current recession in a down-sized mode, with few of the jobs cut replaced by 2013, even as the industry returns to profitability next year, a New York City fiscal monitor said in a gloomy report released on Wednesday.