IBT Staff Reporter

Product supplied is defined as production plus imports minus stock change minus exports. Product supplied measures the volume of products moving through the primary petroleum supply system, which consists of refineries,

Madonna is not seeking divorce advice, the pop singer's spokeswoman said Liz Rosenberg.

The final stages of plan to ban trans-fat laden foods from New York's restaurant menus went into full swing on Tuesday, as the city vies to make food more heart-friendly for its nearly 10 million residents.

Microsoft's Xbox 360 has become the least-expensive of all current generation game consoles following price cuts announced in Australia early Wednesday.

AT&T unveiled subscription prices for Apple's second generation phone on Tuesday, while analysts became bullish on the iPhone's future prospects, sending the computer maker nearly five percent higher in active trading.

CIT Group Inc. completed its exit from all of its home lending business on Tuesday, with two separate sales, noting that it wants to focus on commercial finance.

American International Group Inc will give its former chief executive Martin Sullivan a $47 million exit package.

Gold futures gained on Tuesday to a 10-week high on speculation that increased tensions over Iran's nuclear program will boost investment demand for the precious metal as a hedge against inflation. Silver also gained while dollar dropped against international counterparts.

Moody's Investors Service announced that it is initiating employee disciplinary proceedings after a review of its ratings process for European constant-proportion debt obligations (CPD).

U.S. stocks plunged sharply on Tuesday, sending the Dow Jones into a bear market as crude oil prices continued to rise causing financial stocks to tumble as more analysts reduced earnings estimates for banks.

Wall-E, the latest Pixar movie distributed by Disney topped the U.S. Box Office on the last weekend of June with $62.5 million, according to the website boxofficemojo.com.

Rock band Bon Jovi is scheduled to perform in New York City's Central Park on July 12 for free as a prelude to the All Star Baseball Game 2008, New York City officials said on Monday.

John McCain's campaign issued an outraged statement on Sunday following the remarks of retired General, Wesley Clark, who said he didn't see McCain's service as a fighter pilot and prisoner of war is a qualification to be president.

The family of 20 year-old Ruslana Korshunova, the supermodel who died on Saturday after falling from her ninth floor apartment in New York City, identified her body on Monday, according to the Medical Examiner Officer's spokeswoman Megan Cuccia.

Gold futures closed down on Monday after oil prices reclined from earlier records levels while the U.S. dollar gained against the euro, eroding the appeal of the precious metal as an alternative investment.

Barack Obama said on Monday his own carelessness caused him to receive intense criticism when he did not place his hand over his heart while singing the Star Spangled Banner in Iowa last year and for not wearing the label flag pin.

Wachovia falls amid concerns over dividend, joint ventureWachovia Corp shares fell on Monday after concerns that the bank may cut its dividend and buy back its stake in a brokerage venture with Prudential Financial Inc.Shares of Wachovia fell 67 cents, or 4.13 percent, to $15.56 at 3:02 p.m. in late afternoon trading.Analysts at Fox-Pitt Kelton Cochran Caronia Waller indicated risks that Wachovia, along with Comerica and Marshall & Ilsley were most at risk at having their dividen...

H&R Block Inc reported a quarterly profit for the first time in two years on Monday.

U.S. stocks were mixed on Monday, dragged lower by financial shares on concern there could be more credit losses and while record oil prices topped $143 a barrel.

Bill Gates said a teary goodbye on Friday to Microsoft Corp, the software maker he built into the world's most valuable technology company based on the ambitious goal of placing a computer on every desk and in every home.

Consumers banked a big portion of their tax rebate checks last month, giving them enough cushion to keep spending for a few more months and perhaps postponing a recession that once seemed inevitable.

Crude futures soared above $142 a barrel on Friday following a steep decline on U.S. stock markets that triggered investments into the commodity sector.

Twenty finalists for the 60th Primetime Emmy Awards' have been enlisted by the Academy of Television, Art and Sciences on Thursday in the categories of comedy and drama series.

Republican John McCain told Ohio autoworkers on Friday he supports free-trade agreements while many of them say cost American jobs in a time of economy slow down.

Gold futures rose above $930 an ounce on Friday to the highest price in a month as crude oil hit a record high and the U.S. dollar continued to weaken, boosting the investment appeal of the precious metal as a hedge against inflation.

Senators Barack Obama and Hillary Clinton took the first step together in uniting the Democrat party since the divisive Democratic primary race ended, with a joint appearance on Friday in the aptly named New Hampshire town of Unity.

Morgan Stanley may have its long-term credit rating cut by Moody's Investors Service, the ratings agency said on Friday.

Madonna counseled with divorce lawyer Fiona Shackleton to split from her husband, the film director Guy Ritchie, according to a report of the London Times Online yesterday.

American International Group Inc will accept up to $5 billion in losses from sales of investments from a dozen insurance units after they suffered $13 billion in writedowns linked to the collapsed subprime mortgage market.