Microsoft steps up search assault on Google

Microsoft Corp’s assault on search engine leader Google Inc took a major step forward on Thursday as U.S. and European regulators cleared the software company’s search partnership with Yahoo Inc.

Dollar jumps after Fed raises discount rate

The dollar jumped, pushing the euro to a ninth month low on Thursday after the Federal Reserve said it was raising the interest rate it charges banks for emergency loans, citing improvement in financial market conditions.

General Growth eyeing public capital raise

General Growth Properties is looking to raise $1 billion to $2 billion from public markets to fund an independent exit from bankruptcy, a source familiar with the situation said on Thursday.