IBT Staff Reporter

Dell Inc reported a sharper-than-expected fall in quarterly revenue as consumers bought lower-priced personal computers, but cost cuts helped the company's profit meet Wall Street forecasts.

Facebook Inc is asking its members to help shape its governance policies after drawing their ire for a policy change that many perceived as being overbearing and potentially compromising privacy.

President Barack Obama expects that the government will begin receiving $15 billion a year starting in 2012 from the auction of carbon pollution permits to support the development of renewable energy technologies as his administration emphasizes the need to build an economy powered by clean and safe energy.

Stocks fell in volatile trade on Thursday as investors sold off shares of healthcare companies such as Merck & Co on worries that President Obama's budget proposal will strangle profits.

Stocks fell in volatile trade on Thursday as investors sold off shares of healthcare companies such as Merck & Co on worries that President Obama's budget proposal will strangle profits.

Dell Inc reported fourth quarter earnings on Thursday.

U.S. oil prices jumped more than 6 percent to above $45 a barrel on Thursday on expectations OPEC will cut output again and on signs of a rebound in gasoline demand in top consumer the United States.

The U.S. government may agree to finance some buyers of American International Group Inc businesses, take stakes in assets and ease terms of its aid to the insurer, a person familiar with the matter said on Thursday.

Stocks fell on Thursday as investors sold off healthcare shares on worries that President Obama's budget proposal will sap industry profits.

Internet service providers like AT&T Inc are making greater efforts to manage traffic on their networks as they seek ways to avoid congestion caused by bandwidth-hogging services like video, industry officials said on Thursday.

Yahoo Chief Executive Carol Bartz on Thursday took the wraps off a broad reorganization plan designed to dismantle what she called the silos that had slowed down the Internet company.

President Barack Obama forecast the biggest U.S. deficit since World War Two in a budget on Thursday that urges a costly overhaul of the healthcare system and would spend billions to arrest the economy's freefall.

JPMorgan Chase & Co said it is cutting up to 14,000 jobs, more than previously disclosed, as it tries to reduce costs in the face of a slumping economy and higher credit losses.

The budget proposed by President Barack Obama includes funding aimed at improving the security of U.S. private and public computer networks. The document called for $355 million in funding for the Department of Homeland Security to make private and public sector cyber infrastructure more resilient and secure. The money would help support the operations of the National Cyber Security Division, as...

The Dow industrials and the S&P 500 rose on Thursday as news the Obama administration could request more money to shore up ailing banks sent financial shares higher, offsetting declines in healthcare companies. Banks, whose health has been a concern for investors and pulled the market to 12-year lows on Monday, were a standout. Shares of Bank of America gained 8 percent to $5.5...

Portugal's state-run bank Caixa Geral de Depositos on Thursday posted a 46 percent fall in 2008 net profit.

Visa Inc, the world's largest credit card network, said on Thursday that processed transactions kept growing at high single-digit rates in January, despite a global economic slowdown.

U.S. oil prices jumped more than 5 percent to over $44 a barrel on Thursday on expectations OPEC will cut output again and on signs of a rebound in gasoline demand in top consumer the United States. U.S. crude for April delivery gained $2.20 to trade at $44.70 a barrel by 1:45 p.m. EST. London Brent crude rose $1.60 to $45.89 a barrel. Support also came from U.S. government data released on Wedn...

The Palestinian Authority is to ask foreign governments on Monday for $1.33 billion to repair and renew homes, industry and other facilities in the Gaza Strip after last month's Israeli offensive.

Yahoo Inc Chief Financial Officer Blake Jorgensen is leaving amid a broad reorganization initiated by new CEO Carol Bartz to dismantle the silos that slowed down the Internet company.

Abuse of prisoners at Guantanamo Bay has worsened sharply since President Barack Obama took office as prison guards get their kicks in before the camp is closed, according to a lawyer who represents detainees.

JPMorgan Chase & Co said it expects to cut 12,000 jobs as it integrates the former Washington Mutual Inc , 2,800 more than its previous estimate. The second-largest U.S. bank also said on Thursday it expects about $2.75 billion of savings from Washington Mutual, offset by $750 million of new investments. Retail banking chief Charlie Scharf said the bank expects t...

France, Germany and Britain are proposing extra EU sanctions against Iran over its nuclear program, the Financial Times reported Thursday but France said no such measures would be passed any time soon.

Differences over Palestinian statehood are likely to scupper Benjamin Netanyahu's efforts to forge a broad government with his main rival, Foreign Minister Tzipi Livni, an official from his Likud party said Thursday.

IBM affirmed its full-year profit outlook on Thursday and forecast growth in its services business in the first quarter, in sharp contrast to many technology companies that have scaled back expectations.

Thousands of supporters of former Pakistan premier Nawaz Sharif protested on Thursday, a day after a court ruling to exclude him and his brother from elected office raised fears of renewed political turmoil.

Mexico is sending up to 5,000 new troops and federal police to the country's most violent city, where law and order is on the brink of collapse in a brutal war between drug gangs aided by corrupt police.

The Taliban are willing to work with all Afghan groups to achieve peace, but the problems of Afghanistan can only be solved if foreign troops withdraw from the country, a senior insurgent leader said.

China denounced on Thursday U.S. criticism of its human rights record in an annual tit-for-tat exchange, saying the United States should put its own house in order first.