IBT Staff Reporter

Flags flew at half-mast across Finland on Thursday in mourning for eight people killed by an 18-year-old gunman at a school hours after he posted a video on YouTube predicting a massacre there.

Nov 08, 2007

Defense Secretary Robert Gates urged Japan on Thursday to resume a naval mission in support of U.S.-led operations in Afghanistan that has been stalled by a domestic political controversy.

Nov 08, 2007

S&P 500 and Dow stock futures rose on Thursday as shares of natural resources companies, including Alcoa Inc, gained after BHP Billiton disclosed it had made a bid for rival miner Rio Tinto.

Nov 08, 2007

World stocks hit a two-week low on Thursday while the dollar remained vulnerable near the previous day's record lows as Wall Street tumbled on a fresh series of negative news on the U.S. mortgage and financial industry.

Nov 08, 2007

The dollar teetered close to its all-time lows against the euro on Thursday as the market waited to see whether the European Central Bank would voice concern about the sharp rally in the single currency.

Nov 08, 2007

Oil recouped early losses to resume its march towards the $100-milestone on Thursday as resurfacing worries of tight winter supplies and continuing dollar weakness put the brakes on some early profit-taking.

Nov 08, 2007

China on Thursday urged Iran to heed rising international worry about its nuclear ambitions, saying Beijing would seek to work with Europe and the United Nations to defuse the crisis but holding its tongue on any new sanctions.

Nov 08, 2007

Toll Brothers said on Thursday that it expected to report a 36 percent drop in quarterly home-building revenue, reflecting the deepening decline in the U.S. housing market.

Nov 08, 2007

OPEC's secretary-general called on Thursday for tighter regulation of oil markets to reduce the speculative investment the exporter group blames for driving prices to nearly $100 a barrel.

Nov 08, 2007

BHP Billiton has made a long-awaited bid approach to Rio Tinto in a move aimed at creating a $350 billion-plus mining giant, but Rio rejected the all-share proposal as too low.

Nov 08, 2007

Pakistani national elections will take place before February 15, President Pervez Musharraf said on Thursday, after Western allies and opponents had demanded polls be held on time and emergency rule scrapped.

Nov 08, 2007

Ford Motor Co posted a narrower-than-expected quarterly loss on Thursday and said it was nearing a deal to spin off British luxury brands Jaguar and Land Rover. Shares of Ford rose almost 5 percent in pre-market trading. Ford said it expects to conclude a deal to sell Jaguar and Land Rover by early next year.

Nov 08, 2007

Ballard Power Systems, the Vancouver producer of hydrogen fuel cells, said it agreed to sell its automotive-fuel-cell business to Daimler AG of Germany and Ford Motor Co. of Dearborn, Mich. As payment, Ballard will receive the 34.3 million of its shares that Daimler and Ford hold.

Nov 08, 2007

United Airline announced on Tuesday its plans to start daily nonstop flights from San Francisco to Guangzhou, China.

Nov 08, 2007

The mobile-gaming market suffered a reversal of fortune in the second quarter of 2007 as revenues for title publishers declined by 9 percent sequentially, compared with 11 percent growth in the first quarter, according to iSuppli Corp.

Nov 08, 2007

Morgan Stanley on Wednesday said it has suffered a $3.7 billion loss stemming from its U.S. subprime mortgage exposure, which it expects will reduce fourth-quarter earnings by about $2.5 billion. The Wall Street investment bank said the loss occurred in September and October, and might change before its fiscal quarter ends this month.

Nov 07, 2007

Visa USA, Inc will pay American Express Co. a total of $2.25 billion to settle allegations stemming from an anti-trust lawsuit filed in 2004 by AmEx, according to a report.

Nov 07, 2007

The outlook of the U.S. interest rate policy is asymmetric, with further rate cutting bigger than the potential for increases, said St. Louis Federal Reserve Bank President William Poole on Wednesday.

Nov 07, 2007

Misleading information which allegedly resulted from technical problems was published on Wednesday causing confusion in trading on the London Stock market.

Nov 07, 2007

Network giant Cisco Systems posted a 37% increase in profit in the first quarter, posting slightly above analyst expectations on strong sales growth.

Nov 07, 2007

New York Attorney General Andrew Cuomo issued subpoenas to mortgage financiers Fannie Mae and Freddie Mac on Wednesday as he seeks information about allegations that Washington Mutual Inc pressured appraisers to inflate home values.

Nov 07, 2007

It's not just for lonely hearts anymore. Speed-dating a way for busy singles to meet was on the event list at a distinctly unromantic venue, the Information Management Network's ABS East conference, in a bid to bring together investors and issuers still reeling from this year's U.S. subprime mortgage meltdown.

Nov 07, 2007

American International Group Inc shares fell on Wednesday as investors grew increasingly nervous before third-quarter earnings were reported after the close and a takeover premium evaporated.

Nov 07, 2007

HONG KONG, Nov 7 (Reuters) - Oil soared above $98 a barrel for the first time on Wednesday and gold rose to a 28-year high as investors sought shelter from the falling dollar, which plumbed all-time lows.

Nov 07, 2007

Stocks fell on Wednesday as fear of more credit market turmoil raised worry about prospects for the economy and profits. New York Attorney General Andrew Cuomo said his office was sending subpoenas to government-sponsored mortgage financiers Fannie Mae and Freddie Mac as part of a probe of the home loan industry.

Nov 07, 2007

Nasdaq Stock Market Inc on Wednesday confirmed it would acquire the Philadelphia Stock Exchange for $652 million, a move that will let the No. 2 U.S. stock exchange expand its presence in the fast-growing equity options business.

Nov 07, 2007

President Mikhail Saakashvili declared a state of emergency in the Georgian capital Tbilisi on Wednesday after police fought pitched battles with protesters, and the prime minister said there had been an attempt at a coup.

Nov 07, 2007

The Writers Guild of America'smedia strategy has both shied away from and desperately needed a public face.

Nov 07, 2007

CHICAGO, Nov 7 (Reuters) - Travel Web site Expedia Inc said on Wednesday quarterly profit rose 69 percent on a surge in bookings primarily in rapidly growing European markets.

Nov 07, 2007