IBT Staff Reporter

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

Jun 27, 2008

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.

Jun 27, 2008

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.

Jun 27, 2008

Critics have praised Wall-E as a contender for the best movie of 2008 as it opens this today in the United States.

Jun 27, 2008

Senators Barack Obama and Hillary Clinton will appear together later today at a rally in Unity, New Hampshire, a town where they tied in the January primary with 107 votes each.

Jun 27, 2008

Bank of America Corp. said it will complete its purchase of Countrywide Financial Corp by July 1 and then cut 7,500 jobs as part of the combination of the companies.

Jun 27, 2008

U.S. stocks were mixed in morning trading on Friday, failing to post a significant rebound a day after the Dow suffered its second-worst percentage loss of the year and closed at its weakest level in 21 months while key inflation gauge showed signs that consumer spending surged in May.

Jun 27, 2008

Gold futures surged the most in two years as weakness in the U.S. dollar boosted the investment appeal for the precious metal, causing prices to lift nearly 4 percent.

Jun 26, 2008

* Natural gas spot price movements were mixed this report week (Wednesday–Wednesday, June 18-25), with price decreases generally occurring in producing areas in the Gulf of Mexico region and price increases at n

Jun 26, 2008

U.S. stocks tumbled sharply on Thursday with the Dow dropping to its worst level since September 2006 on a series of downgrades from Goldman Sachs while shares of Citigroup Inc. and General Motors hit its lowest levels in more than nine years.

Jun 26, 2008

President Bush said Thursday he will lift key trade sanctions against North Korea and remove it from the U.S. terrorism blacklist, a remarkable turnaround in policy toward the communist regime he once branded as part of an axis of evil.

Jun 26, 2008

Israel closed its border crossing with the Gaza Strip on Wednesday as doubts intensified over a rocket fired by the Palestinian Islamist group Hamas, breaching a week-old ceasefire agreement.

Jun 25, 2008

Gold futures gained in electronic trading on Wednesday afternoon in New York, after ending lower at the close of trade when the Federal Reserve announced its decision to keep interest rates steady as inflation concerns rise.

Jun 25, 2008

U.S. stocks held onto most of its gains on Wednesday after the Federal Reserve decided to end its string of interest rate cuts and maintain rates at 2 percent as inflation concerns rise.

Jun 25, 2008

Frugal drivers these days scour the roads for gasoline under $4.00 per gallon in the hopes of getting the most from their fill-up dollar. But it’s not just the amount of gasoline per dollar that matters anymore. Attention has increasingly

Jun 25, 2008

Zimbabwe's opposition leader Morgan Tsvangirai briefly left the sanctuary of the Dutch Embassy on Wednesday, expressing willingness to hold talks with President Robert Mugabe in efforts quell recent political turmoil.

Jun 25, 2008

MasterCard Inc will pay American Express Co. up to $1.8 billion in a settlement that drops a lawsuit alleging that MasterCard had illegally blocked financial firms from providing American Express cards.

Jun 25, 2008

U.S. stocks rose on Tuesday on speculation that weaker consumer confidence and a record plunge in home prices will ensure the Federal Reserve to maintain interest rates at current levels, while United Parcel Service set new multiyear low.

Jun 24, 2008

Most U.S. stocks dropped during afternoon trading on Monday as crude oil prices rose while the outlook for bank earnings lowered.

Jun 23, 2008

World wine producers face rising challenges from global warming and soaring fuel costs but any resulting price rises will be bearable, the newly re-elected head of the International Organization of Vine and Wine (OIV) said on Friday.

Jun 20, 2008

Big business is officially going solar.

Jun 20, 2008

The Mississippi River's crest rolled downstream on Friday, submerging small towns and some of the U.S. Midwest's most fertile farm fields with a relentless flow as people and industry struggled to cope with the effects of the worst flooding in 15 years.

Jun 20, 2008

Gold futures edged lower on Friday but managed to close the week with a gain of almost 4 percent as oil prices continued to soar and weakness in the U.S. dollar boosted the demand for a hedge against inflation.

Jun 20, 2008

U.S. stocks fell on Friday to a three month low as the oil price continued to rise following increased violence in the Middle East and more trouble persisted in the financial sector.

Jun 20, 2008

Since Wednesday, June 11, natural gas spot prices increased at all markets in the Lower 48 States except one, despite the lack of weather-related demand in much of the country. The restoration of production at the

Jun 19, 2008

The U.S. and China agreed to begin negotiations for an investment treaty that would guarantee access for the nations' companies to buy assets in the other country, representatives said at the close of a week-long meeting in Annapolis.

Jun 18, 2008

Just two weeks ahead of Zimbabwe's run-off election, President Thabo Mbeki of South Africa met with President Robert Mugabe in what appeared to be a last-minute effort to avoid any tampering to the ballot in an election already marred by violence and intimidation.

Jun 18, 2008

Gold futures rose on Wednesday on speculation that a slumping U.S. economy will prevent the Federal Reserve from lowering interest rates, while soaring oil prices and a weaker dollar boosted the demand for the precious metal.

Jun 18, 2008

Refinery utilization was lower than typical in first quarter 2008. Actual first-quarter 2008 utilization averaged 84.7 percent, compared to the average of 89.1 percent during first quarter 2001 through 2005 (years where first quarter

Jun 18, 2008