IBT Staff Reporter

Preparations are underway by the Treasury department for the bankruptcy filing of Chrysler which could come as early as next week if Chrysler can swing a deal with its lenders, the New York Times reported.

Hartford Financial Services Group Inc is trying to sell its property and casualty business, sources familiar with the matter said on Thursday, as the U.S. insurer reels from massive losses.

The Treasury is preparing a Chapter 11 bankruptcy filing for Chrysler LLC that could come as soon as next week, The New York Times reported on Thursday, citing people with direct knowledge of the matter.

The Treasury is preparing a Chapter 11 bankruptcy filing for Chrysler LLC that could come as soon as next week, The New York Times reported on Thursday, citing people with direct knowledge of the matter.

EMC Corp. Chief Executive Joseph Tucci said Tuesday that Oracle Corp.’s deal to buy Sun Microsystems Inc. raises the stakes in the competition for control of corporate data center markets.

Oil rose on Thursday as a fall in the dollar and stock market gains outweighed rising U.S. inventories.

Hartford Financial Services Group Inc is trying to sell its property and casualty business, sources familiar with the matter said on Thursday, as the U.S. insurer reels from massive losses.

California Attorney General Edmund Brown on Thursday sued Wells Fargo for $1.5 billion over alleged false statements made to investors about the liquidity of auction-rate securities, court documents showed.

IBM plans to launch several cloud computing services this year, taking on companies such as Amazon.com Inc, Google Inc, Microsoft Corp and Salesforce.com Inc.

Exelon Corp. and solar panel maker SunPower Corp. plan to build a solar power plant in an urban area in Chicago with the capacity to produce the electricity required by up to 1,500 homes in one year.

Stocks rose on Thursday as a climb in bank shares helped offset disappointing economic data and outlooks from economic bellwethers, including UPS.

German music authors' society GEMA said on Thursday it was in talks with Google Inc's YouTube to resolve a dispute over royalty payments and the conditions under which music videos are made available online.

Yahoo Inc is shutting down GeoCities, a free service that hosts personal home pages for consumers, which it acquired for more than $4 billion 10 years ago during the heyday of the dotcom boom.

United Parcel Service Inc reported Tuesday that its first quarter profit plunged 56 percent, with results coming in below the average of analysts’ estimates.

A U.S. House of Representatives bill aimed at fighting global warming will allow some polluters access to free permits to emit greenhouse gas emissions in its cap-and-trade system, Democratic Representative Edward Markey said on Thursday.

The chief executive and co-founder of social networking site MySpace is reportedly leaving the company due to termination.

Deflation has arrived but inflation could be flaring up in a couple years. The latest March consumer price index showed the first decline over a 12 month period since the Eisenhower administration. With rising unemployment and excess factory capacity there is virtually no pressure for wages or prices to rise.

Millions of Americans at this very moment are on online, scrolling, reading and typing at their computers.

Bank of America Corp CEO Kenneth Lewis was pressured by senior federal officials Henry Paulson and Ben Bernanke to accept a merger with troubled Merrill Lynch & Co, New York Attorney General Andrew Cuomo said on Thursday.

Ahead of Amazon's earning report after Thursday's bell, analysts believe the company's earnings report will show some strain.

In Greece, you are standing at crossroads of cultures, colours and civilisations, you feel the grandeur of history and the warmth of being at the southernmost part of Europe, you discover the evolutionary process of thought, influence and experience.

Oil rose on Thursday as a drop in the dollar outweighed rising U.S. inventories and economic concerns.

The New York Times Co will remain publicly traded, build its online business and cut costs despite brutal conditions that threaten the survival of newspapers, Chairman Arthur Sulzberger Jr said at the publisher's annual meeting on Thursday.

United Parcel Service Inc reported a lower-than-expected profit and gave an outlook below analysts' views as the global economic downturn has caused fewer packages to be shipped, sending its shares down as much as 7.5 percent.

Banks and the U.S. housing market are past the crisis stage and are now on a path to recovery, a top U.S. regulator said on Thursday.

Now that his relationship with Jennifer Aniston has come to an end, John Mayer is wasting no time in finding a new replacement.

Stocks were little changed on Thursday as disappointing economic data and outlooks from bellwethers like UPS were offset by a rise in regional banks.

A defense lawyer for one of the four men sentenced to jail in the Pirate Bay case demanded a retrial on Thursday, saying the judge's membership in several copyright protection groups meant he might have been biased.

United Parcel Service Inc reported a lower-than-expected profit and gave an outlook below analysts' views as the global economic downturn has caused fewer packages to be shipped, sending its shares down as much as 7.5 percent.