Reuters - Oil jumped $4 to over $126 a barrel on Thursday, rebounding from a sharp two-day sell-off as the dollar slid after the European Central Bank signaled it could raise interest rates this year.

Reuters - Verizon Wireless said on Thursday it would buy rural mobile service provider Alltel Corp for $28.1 billion including debt, which would vault it to first place in the U.S. market ahead of AT&T Inc .

Reuters - Calstrs, one of the largest U.S. pension funds, may remove its eight-year ban on tobacco stocks as risks in this industry have dimmed, the Wall Street Journal reported on Thursday.

Reuters - Oil prices fell below $122 a barrel on Thursday, down for a third day as the U.S. dollar climbed and fears over demand grew after India and Malaysia raised fuel prices, weighing on resource-related shares.

Reuters - Bear Stearns Cos' private-equity arm Bear Stearns Merchant Banking is expected to announce on Thursday it will spin off into an independent company with JPMorgan Chase & Co as its largest investor, the Wall Street Journal said.

Reuters - Yahoo Inc said on Wednesday that deal talks are ongoing with Microsoft Corp as the company resisted an attack by billionaire critic Carl Icahn, who called its recent actions "deceitful."

AP - Worker productivity increased at a faster pace in the first three months of this year than previously estimated, wage pressures moderated and an important measure of business activity showed the service sector skirted recession in May.

Reuters - J.M. Smucker Co will acquire Folgers, the largest U.S. coffee business, from Procter & Gamble Co for stock in a deal valued at $2.95 billion, the companies said on Wednesday.

Reuters - Lehman Brothers Holdings Inc is looking to raise capital overseas and has approached at least one investor in South Korea, The Wall Street Journal reported on Wednesday.

Reuters - The Dow turned lower on Wednesday, on worry about the prospect of more credit losses after Moody's Investors Service said it will likely cut the credit ratings of the bond insurance arms of MBIA Inc and Ambac Financial Group .

Reuters - Yahoo Inc trumpeted a series of new advertising deals on Wednesday in a bid to alleviate shareholder pressure, even as the company continues "engaged" discussions over a deal with Microsoft Corp .