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Transportation Secretary Ray LaHood said Thursday he will create a special panel to come up with a plan to restore health to the ailing airline industry, which is losing billions of dollars, shedding jobs and blamed for using a business model that critics say undermines safety.

Vermont’s economy apparently is turning a corner but heading into a slow, painful recovery, state budget officials were told Thursday.

Warren Buffett, perhaps the world’s most admired investor, said on Thursday the financial panic that gripped the globe last year is a thing of the past, even as the U.S. economy’s struggles persist.

WASHINGTON—-â??Business Roundtableâ??s members were pleased today to see the announcement of final application criteria for the $4 billion in Race to the Top funding competition. The Presidentâ??s continued emphasis on improving American education could not come at a more critical time.

Navistar International Corp. recently received a $127.3 million contract to provide more than 900 general transport trucks, the Pentagon said late Thursday.

Banks borrowed slightly less from the Federal Reserve’s emergency lending program over the past week, and reduced their use of other credit programs designed to ease the financial crisis.

Intel Corp will pay rival chipmaker Advanced Micro Devices Inc $1.25 billion to settle all outstanding legal disputes, in a move that can hasten the resolution of Intel’s antitrust troubles.

A jump in the nation’s energy inventories sent stocks falling Thursday as investors worried that demand for oil and gasoline is falling because of the struggling economy.

Walt Disney Co posted a larger-than-expected rise in both quarterly profit and revenue, as strong results from its cable business helped it overcome a disappointing stretch for its film studio.

Intertape Polymer Group Inc. said Thursday it plans to voluntarily delist its shares of common stock from the New York Stock Exchange, but will continue to list its shares on the Toronto Stock Exchange.