IBT Staff Reporter

Maurice Greenberg said he was not responsible for problems at American International Group since they occurred after he left, the Wall Street Journal reported citing an interview with the former chief of the company.

Monsanto Co , the world's biggest seed company, said on Thursday that quarterly profit fell 3 percent due in part to lower volume sales of its key herbicide products.

Stocks rose for a third straight session on Thursday on optimism the G20 meeting in London will agree on ways to temper the economic crisis and that new U.S. accounting guidance will favor banks.

China is encouraging people to pay respects to the martyrs of the Communist revolution on a new website set up ahead of a traditional holiday to remember the dead, state media said on Thursday.

U.S. accounting rulemakers on Thursday agreed to make adjustments to a proposal to change mark-to-market accounting rules concerning when transactions would be considered distressed.

U.S. accounting rulemakers on Thursday agreed to make adjustments to a proposal to change mark-to-market accounting rules concerning when transactions would be considered distressed.

North Korea has begun fuelling a long-range rocket and could launch it by the weekend, CNN said, with the United States and others threatening punishment for a move they say violates U.N. resolutions.

Rite Aid Corp posted its seventh straight quarterly loss on Thursday, one that fell short of Wall Street's expectations, as it booked significant non-cash charges and as shoppers continued to curtail spending.

Caught Twittering or on Facebook at work? It'll make you a better employee, according to an Australian study that shows surfing the Internet for fun during office hours increases productivity.

Stocks extended gains on Thursday after data showed factory orders rose in February, fueling optimism the economy was showing signs of stabilization.

Caught Twittering or on Facebook at work? It'll make you a better employee, according to an Australian study that shows surfing the Internet for fun during office hours increases productivity.

U.S. accounting rulemakers are set to crumple on Thursday in the face of ultimatums from lawmakers, liberalizing rules that will give banks leeway to report smaller losses and asset writedowns.

Stock futures pointed to a higher open on Thursday on optimism the leaders at the G20 meeting underway in London will agree on ways to temper the economic crisis.

Banker Julius Meinl V, head of an Austrian coffee-roasting dynasty and chairman of Meinl Bank, was arrested late on Wednesday on suspicion of defrauding investors through secretive share buybacks.

Hyundai Motor Group, the world's No. 5 automaker, will go ahead with plans to develop environment-friendly cars despite the segment's low profitability and an industry downturn, a senior executive said on Thursday.

World leaders will impose new financial rules on Thursday and triple the war chest of the IMF to fight the worst economic crisis since the 1930s, monetary sources at the G20 summit said.

Dow Jones futures rose 2.2 percent by 6:40 a.m, EST, S&P 500 futures were up 2.1 percent, and Nasdaq futures were up 2.2 percent, pointing to Wall Street opening higher on Thursday, building on the previous session's gains.

The number of U.S. workers filing new claims for jobless benefits surged to a nearly 26-1/2 year high last week, data showed on Thursday, indicating that the pace of job losses was yet to peak.

Oil rose more than $3 per barrel to above $51 on Thursday as rising equities markets bolstered sentiment during a G20 summit which investors hoped would deliver measures to restore global growth.

Maurice Greenberg said he was not responsible for problems at American International Group since they occurred after he left, the Wall Street Journal reported citing an interview with the former chief of the company.

Michael Bruder has been yelled at, hung up on and hustled quickly out of offices.

The number of U.S. workers filing new claims for jobless benefits unexpectedly rose to its highest level in over 26 years last week and so-called continued claims jumped to a record high in March, according to data that underscored the labor market deterioration.

Fears that a major U.S. automaker could seek bankruptcy protection are causing auto parts suppliers to demand quicker payments from the manufacturers, exacerbating problems for the already hard-pressed car makers.

Chinese online gaming firm Changyou.com Ltd priced its $120 million Nasdaq IPO at the top of its indicated range on healthy investor demand -- a rare sign of life in a long-moribund market for new issuance.

Stock futures pointed to a higher open on Thursday on optimism the G20 meeting underway in London will agree on ways to temper the economic crisis.

Banker Julius Meinl V, chairman of Austria's closely held Meinl Bank, was arrested late on Wednesday on suspicion of defrauding investors in secretive share buybacks in 2007, Vienna prosecutors said on Thursday.

Oil rose more than $3 per barrel to around $51 on Thursday as rising equities markets bolstered sentiment during a G20 summit which investors hoped would deliver measures to restore global growth.

World stocks powered higher on Thursday as hopes grew that the U.S. economic decline was reaching a bottom while the euro gained despite expectations of an interest rate cut from the European Central Bank.

Dow Jones futures rose 2.2 percent by 6:40 a.m EDT, S&P 500 futures were up 2.1 percent, and Nasdaq futures were up 2.2 percent, pointing to Wall Street opening higher on Thursday, building on the previous session's gains.