IBT Staff Reporter

As oil prices surge, a new risk looms for Detroit: the future may be slipping out of its control.

A small robotic probe will examine the planet's arctic circle to for signs of life

Jerome Kerviel, the former trader at French bank Societe Generale accused of making unauthorized trades that cost the firm billions of euros may have been helped by someone inside the company, according to a report released today.

Gold futures rose higher on Friday and recorded a third straight weekly gain of almost 3 percent as weakness in the U.S. dollar a and surging energy costs boosted the demand for the precious metal as a hedge against inflation.

GTx Inc. said on Friday its prostate cancer treatment will continue the late stage of its clinical trial as it did not bear the results that were expected. Shares of the company slumped.

U.S. stocks fell on Friday, extending the biggest weekly retreat since February and placed the market on track for weekly losses as crude oil resumed its surge to top $133 a barrel.

Morgan Stanley downgraded Sun Microsystems on Friday, saying the computer hardware and software maker is at risk as demand shifts downstream and pricing pressure increase.

Wyeth said on Friday that U.S. regulators addressed an approvable letter seeking for more information about its osteoporosis drug, delaying the approval of the treatment.

Time Warner and a General Electric Co's NBC Universal partnership with the Blackstone Group are the lead contenders in today's round-two of the Weather Channel auction, according to media reports.

European beer maker InBev NV, which owns the Becks and Stella Artois brands, is preparing a $46 billion buyout offer for American rival Anheuser-Busch Cos., the owner of the Budweiser brand, according to a report.

As the airline industry continues to lag, Standard & Poor's Ratings Services hit the industry's latest blow on Thursday by placing nine major domestic airlines on CreditWatch with negative implications as they face due to record high jet fuel costs.

Mesa Air Lines said Thursday it may seek bankruptcy protection if a fails to stop Delta Air Lines from moving ahead with a plan to cancel a service contract.

Clothing retailer Gap Inc said profit for the latest quarter rose 40 percent even as sales at its more than 3,000 stores fell.

Medtronic Inc. made an agreement of $75 million to settle allegations from the Justice Department that its Medtronic Spine LLC department caused hospitals to submit false claims to Medicare.

News Corp. owner Rupert Murdoch is moving his 6-month old Wall Street Journal from Manhattan's financial district to midtown where the company's headquarters are located at 1211 Sixth Avenue.

WellCare Health Plans Inc. said on Thursday it cut 208 jobs or about 5 percent of its work force after completing a comprehensive review of its business, the company reported.

Oak Brook, Ill-based McDonald's Corp. said Thursday it's making the menu healthier and will uphold its Dollar Menu in spite of a tough economy.

Copper fell on Thursday to its lowest this week as the dollar gained and investors are concern demand from the U.S. is weakening.

Crude prices declined more than $2 a barrel on Thursday as traders sold on profit taking and the dollar rallied against the euro.

U.S. stocks gained on Thursday for the first time in three days after an unexpected drop in jobless claims and oil prices retreated from record breaking heights.

Barnes & Noble lowered its sales outlook for the year but reaffirmed its profit expectations based on lower than expected first quarter sales results and the overall retail environment.

Gold futures ended sharply lower on Thursday, down from a one-month high as the dollar rose against other major currencies and crude oil dropped from a record, eroding the appeal of the precious metal as a hedge against inflation.

Ford Motor Co. on Thursday said it is extremely unlikely meet its previous goal of regaining full year profitability in 2009.

Since Wednesday, May 14, natural gas spot prices decreased at most markets in the Lower 48 States. However, a price rally yesterday (May 21) contributed to price increases at some market locations since last Wednesday,

General Electric Co. chief executive Jeffrey Immelt says the company is considering spinning off its appliances unit instead of selling it.

Power company NRG Energy Inc has made an unsolicited bid to buy competitor Calpine Corp, the U.S. power producer that exited bankruptcy protection on January 31, for about $11 billion in stock, the companies said on Wednesday.

SLM Corp, the biggest U.S. education lender, announced on that it will continue to make loans guaranteed by the government.

Chinese online gaming company NetEase.com, Inc. reported on late Wednesday its first-quarter net earnings declined from the previous year.

Salesforce.com Inc.'s said late Wednesday its first-quarter net income rose sharply and raised full-year forecasts, citing increased revenue.