IBT Staff Reporter

A bird flu vaccine being developed by San Diego-based Vical Incorporated protects mice and ferrets against the feared H5N1 avian influenza virus, the company said on Tuesday.

Intel Corp. said on Tuesday it plans to spend $1 billion to promote Internet use and computer training in developing countries, the latest move in the No. 1 chip maker's effort to break into new markets.

Verizon Communications Inc., one of the world's biggest telephone companies, said on Tuesday its quarterly earnings fell on merger costs but revenue rose due to strength in wireless.

If you're an eBay seller, you may be paying more than you have to in taxes because you haven't really focused on all that you can deduct.

Dubai unveiled plans for a $27 billion resort complex including the world's biggest hotel on Monday, the latest in a series of huge projects intended to establish the booming Gulf Emirate as a regional tourism hub.

It's a nightmare scenario: A hacker accesses e-mails in U.S. Securities and Exchange Commission computers and splashes them across the Internet, revealing an inquiry into a company that shakes investor confidence before the probe is complete.

Connoisseurs have nothing but praise for Panama's tiny annual crop of gourmet coffee but they warn that farms where the best beans are grown could vanish as landowners sell to wealthy foreign retirees.

Do you think your house is your retirement nest egg? Think again, say some financial advisers.

Microsoft Corp. Chairman Bill Gates told a ballroom full of U.S. newspaper editors he's developing onscreen reader software that will make reading news digitally a lot more like flipping through a paper.

AT&T Inc. is making headway at state and federal levels as it tries to go over the heads of local governments to enter the subscription television business to compete with cable TV, Chairman and Chief Executive Ed Whitacre said on Friday.

Nortel Networks Corp., one of the world's largest telecommunications equipment suppliers, on Friday said it had completed a revenue restatement that adjusted revenues by a total of $1.5 billion, and had filed its 2005 annual report.

General Motors Corp.'s chief executive saw his 2005 compensation almost halved from a year earlier, the company disclosed on Friday, on the same day he promised shareholders to turn around GM's North American operations and apologized for accounting errors.

South Korea has issued a warrant to arrest Chung Mong-koo, the chairman of Hyundai Motor group, on charges of misusing company funds, a senior prosecutor said on Friday.

After serving a rise in lending rates as an unexpected appetizer, will China dish up a speedier climb in the yuan as the main course of its monetary tightening?

Coffee futures may spike next year because of a looming shortage of green coffee beans caused by growing consumer demand coupled with an off year in Brazil's biennial crop cycle.

Raw material resources will determine country rankings in the world economic pecking order in years to come as strong demand and limited supplies ensure commodity prices hold their upward trajectory.

From mighty meatpacking plants to tiny taco stands, U.S. businesses are making plans to deal with Monday's nationwide pro-immigration boycott, which could keep millions of people away from their jobs.

The Nikkei average fell 1.29 percent on Friday as shares of Sony Corp. tumbled after it forecast a sharp profit decline in the current year and as a stronger yen raised concern of a drop in earnings at exporters such as Kyocera Corp.

U.S. stocks rose on Thursday after Federal Reserve Chairman Ben Bernanke said the Fed may pause in its 22-month campaign of raising borrowing costs, lifting shares of interest-rate sensitive companies such as banks and utilities.

A federal prosecutor accused former Enron Corp. chief Kenneth Lay on Thursday of withholding key financial data from analysts and hiding his sales of millions of dollars of company stock in the months before Enron collapsed.

Federal Reserve Chairman Ben Bernanke on Thursday said for the first time the central bank could at some point pause its 22-month interest-rate rising campaign to allow time to divine the economy's path.

World sugar prices are likely to defy gravity in the next 12 months as key producing countries churn out ethanol as an alternative fuel after oil prices spiked to stratospheric highs.

Sony Corp. (6758.T) posted a 68 percent rise in annual operating profit on Thursday on investment gains and robust sales of flat TVs, but forecast a sharp fall this year because of start-up costs for PlayStation 3 (PS3).

The rebuilding of New York's World Trade Center was set to begin on Thursday, just one day after officials approved plans to erect the Freedom Tower and other buildings where the Twin Towers stood until September 11.

China took global markets by surprise on Thursday by raising interest rates for the first time in 18 months to slow a boom in credit and investment that risks destabilizing the world's fastest-growing major economy.

U.S. stock futures fell Thursday as China's central bank lifted interest rates and on caution ahead of testimony from the chairman of the Federal Reserve.

Oil fell below $72 on Thursday, deepening losses from the previous session, as worries over U.S. gasoline supplies eased slightly ahead of the summer driving season.

Jonathan Schwartz, the eloquent, pony-tailed COO of Sun Microsystems was promoted to CEO as the company's founder, Scott McNealy, stepped down this Monday after 22 years. The tech veteran will remain as chairman but even with a new leader at the helm, there is little evidence that Sun will deviate from its slow path to profitability.

Sales of new U.S. homes rose a much larger-than-expected 13.8 percent in March, the biggest one-month gain since April 1993, but prices fell sharply, a government report showed on Wednesday.