Federal regulators say higher electricity rates in New York last year were not triggered by market manipulation. A yearlong investigation by the Federal Energy Regulatory Commission found that routing irregularities caused systematic energy pricing problems in New York, the Midwest and Mid-Atlantic markets in 2008.

VICTORIA, British Columbia—-NASA’s Stennis Space Center Mississippi is lighting a new onsite parking facility with solar-LED technology. As part of the Stennis Space Center’s new Cryogenics Control Center facility, the car park will be equipped with bright and efficient EverGEN™ 1520 solar-LED parking lot lights from Carmanah Technologies.

As businesses continued to scale back on travel in the recession, Marriott International Inc.’s second-quarter profit fell 76 percent.

IBM surprised markets by sharply raising its full-year earnings forecast as its growing software and services businesses boosted profit margins, lifting its shares in after-hours trade.

Denied a federal bailout, CIT Group Inc. saw its shares plunge 75 percent Thursday as bondholders scrambled to find an 11th-hour solution that would keep the commercial lender out of bankruptcy protection.

Denied a federal bailout, CIT Group Inc. saw its shares plunge 75 percent Thursday as bondholders scrambled to find an 11th-hour solution that would keep the commercial lender out of bankruptcy protection.

Medical device maker AngioDynamics Inc. forecast a smaller-than-expected profit for fiscal 2010, saying it plans to invest more money in a technology intended to fight cancer by sending electrical pulses into tumors.

Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and Nasdaq Stock Market: NYSE:

Satellite radio company Sirius XM Radio Inc. said Thursday it was notified it is no longer in compliance with the Nasdaq’s independent director requirement.

Shares of wireless device distributor Brightpoint Inc. fell Thursday after an offering of its shares was priced at $5, a discount to the stock’s Wednesday closing price of $5.49.