IBT Staff Reporter

Two proxy advisory firms are backing a shareholder proposal to split the roles of chairman and chief executive at Wells Fargo & Co , putting pressure on another U.S. bank to revamp its leadership structure.

Two proxy advisory firms are backing a shareholder proposal to split the roles of chairman and chief executive at Wells Fargo & Co , putting pressure on another U.S. bank to revamp its leadership structure.

The options market is not expecting a wild ride for shares of Google Inc following the results from the Internet search giant on Thursday, but it is leaving investors vulnerable to surprises.

Swiss drugmaker Roche Holding AG, in a letter to Illumina Inc shareholders, called its sweetened $51-a-share offer for the maker of genetic analysis equipment a more than reasonable starting point for negotiations.

The group behind the viral Kony 2012 video that drew world attention to Ugandan warlord Joseph Kony tipped off Ugandan forces in 2009 to the whereabouts of a former child soldier wanted by the Kampala government, according to a classified U.S. cable published by Wikileaks.

North American oil and gas companies are trying to take the sting out of low natural gas prices by using it instead of costlier diesel fuel to drive their drilling rigs.

An encouraging start to earnings season helped stocks rebound on Wednesday from five days of losses that pushed the S&P 500 below a key technical level.

Boeing Co on Wednesday put some finishing touches on a make-over of its popular 737 aircraft as the U.S. planemaker battles with European arch-rival Airbus to deliver fuel savings to airlines hammered by near-record oil prices.

Materials of Nokia's new flagship model smartphone, the Lumia 900, cost $209, some 46 percent of its retail price, with the Finnish firm saving on processor and memory cost, teardown analysis of research firm IHS iSuppli showed on Wednesday.

Lawmakers in Washington state passed supplemental operating and capital budgets on Wednesday that they say will preserve funding for education and launch about $1 billion in construction projects.

It's not often that a two-year-old start-up becomes a $1 billion company.

Verizon Wireless will start charging customers a $30 fee for cellphone upgrades, on top of the price they pay for the new device, as the company looks to supplement its income to cover costs.

The monthly U.S. budget deficit widened to $198.16 billion in March from $188.15 billion in the same month a year earlier, partly because some benefit payments normally made in April were shifted to March, the Treasury Department said on Wednesday.

U.S. stocks rose on Wednesday after an encouraging start to earnings season helped equities rebound from five days of losses that pushed the S&P 500 and the Nasdaq below key technical levels.

Google Inc's advertising rates will get extra scrutiny as Wall Street ponders whether the proliferation of Internet-connected smartphones helps or hinders the money-making search engine that drives the company's profits.

Jim Yong Kim, the U.S. nominee to head the World Bank, on Wednesday told the bank's board of directors that he would not hesitate to question the status quo and do his best to help the world's poorest.

Oil prices rose on Wednesday after the government data showed domestic fuel stocks fell much more than expected last week, while a decline in imports limited a rise in crude inventories.

Nearly a decade ago, Eliot Spitzer, then the New York attorney general, had to force major Wall Street firms to build a Chinese wall between research and investment banking. Now, the same banks are fretting over a breach in that wall.

Stocks rose on Wednesday, bouncing back after five days of sharp losses that pushed the S&P 500 and the Nasdaq below their key technical levels.

J.C. Penney Co Inc said on Wednesday that Michael Dastugue is leaving on Friday after just 15 months as chief financial officer as the department store chain continues to work on its overhaul under its new chief executive.

Nokia warned its phone business would post losses in the first two quarters of this year as it struggles to revamp its product line to compete with Apple and Samsung, sending its shares 19 percent lower.

The Commander of North Korea's Satellite Integrated Control Center said on Wednesday that a satellite had already been successfully installed into the rocket and that the Unha-3 was now being fueled.

Import prices rose in March by the most in nearly a year on sharply higher petroleum costs, but prices outside food and energy climbed more modestly.

Shares in Alcoa Inc rose 7 percent on Wednesday, a day after the aluminum company posted a first-quarter profit instead of a loss Wall Street was expecting.

Stocks extended gains on Wednesday, pushing the Dow average up more than 1 percent as the market rebounded after five days of heavy losses on the S&P 500 brought the benchmark index down more than 4 percent.

Stocks rose in early trading on Wednesday, bouncing back after five days of heavy losses on the S&P 500 brought the benchmark index down more than 4 percent.

Ailing mobile phone maker Nokia warned its phone business would post losses in the first two quarters this year, as it struggles to revamp its product line to compete with rivals Apple and Samsung <005930.KS>.

Wall Street was set to bounce back at the open on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent.

Research In Motion said it will shortly release a slew of updates for its BlackBerry apps, making it easier for users to stay connected with their messenger community.