IBT Staff Reporter

CEO Bob Benmosche says U.S. taxpayers will earn up to $10 billion on the $182 billion rescue of American International Group , the insurance company he runs. Of course, that depends on how one defines profit.

Stocks retreated from near four-year peaks on Tuesday, while a batch of large-cap shares hit new highs, with the help of portfolio managers snapping up top performers near the end of the quarter.

Union workers will step up industrial action against seven Australian coal mines operated by BHP Billiton , which are among the largest in the world, a union official said on Wednesday.

Insolvent oil refiner Petroplus said on Wednesday it planned to negotiate a sale of its assets and would delist its stock and a $150 million convertible bond from the Swiss bourse by mid-May.

Bank of America Corp is looking to create an international advisory board that could help steer chief executive officer Brian Moynihan's overseas strategy, according to sources familiar with the matter.

Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory in the U.S. economic recovery, warning against complacency in policymaking as the outlook brightens.

Abu Dhabi investors have discussed a 10 billion pound ($15.97 billion) investment into Royal Bank of Scotland , the Financial Times reported on Wednesday.

Enbridge Inc and Enterprise Products Partners LP will more than double capacity of the Seaway Pipeline and expand another line from Illinois to ship more crude oil out of the glutted U.S. Midwest.

The parent of American Airlines on Tuesday sought bankruptcy court approval to throw out labor contracts, a move that puts new pressure on pilots, flight attendants and other unionized workers to quickly agree to concessions.

BATS Global Markets Inc stripped Chief Executive Joe Ratterman of the chairman's role on Tuesday, days after the No. 3 U.S. exchange operator's botched initial public offering.

Research In Motion has delayed its annual presentation to financial analysts, usually held during the BlackBerry World conference in May, until it launches its next-generation smartphones.

A lawyer discovered how far the U.S. Supreme Court will go to close itself off from the public when it hears a case, no matter how many people on Twitter may be interested.

Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory on the U.S. economy, warning against complacency in policymaking as the outlook brightens.

U.S. companies and the federal government would be able to share information about cybersecurity threats more easily under a bill introduced in the U.S. House of Representatives on Tuesday.

Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory on the U.S. economy, warning against complacency in policymaking as the outlook brightens.

Stocks retreated from near four-year peaks on Tuesday, while a batch of large-cap shares hit new highs, with the help of portfolio managers snapping up top performers near the end of the quarter.

Dubai's top security official accused supporters of the Muslim Brotherhood in the United Arab Emirates on Tuesday of using social media to stir up opposition to the Gulf's ruling elite.

Research In Motion has delayed its annual presentation to financial analysts, usually held during the BlackBerry World conference in May, until it launches its next-generation smartphones.

Stocks hovered near four-year highs on Tuesday, while a number of large-cap stocks hit new highs as portfolio managers grabbed top performers as the end of the quarter approached.

Apple Inc, Sony Corp and four other companies were sued by Graphics Properties Holdings Inc, formerly known as Silicon Graphics Inc, for allegedly infringing a patent through their sale of mobile phones and other electronic devices.

Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence at his upcoming criminal trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.

Americans were more worried about inflation in March than at any time in the last 10 months and consumer confidence waned in the wake of higher gasoline prices.

Wall Street paused near four-year highs on Tuesday, while a number of large-cap stocks hit new highs as portfolio managers grabbed top performers as the end of the quarter approached.

Amazon.com Inc and Barnes & Noble Inc unveiled Harry Potter e-books on Tuesday in deals that suggest the companies made big concessions with author J.K. Rowling for electronic access to the hit series.

EU antitrust regulators are set to fine 13 logistics firms, including UPS, Panalpina and Expeditors, on Wednesday for taking part in a cartel, two people familiar with the matter said on Tuesday.

Former Goldman Sachs Group Inc director Rajat Gupta lost his bid to suppress wiretap evidence from his upcoming criminal insider-trading trial on charges that he leaked boardroom secrets to hedge fund founder Raj Rajaratnam.

The central bank's decision to provide dollar swap lines to Europe was made in the United States' best interests and not solely to benefit Europe, a top Federal Reserve official said on Tuesday.

Americans this month ratcheted up their expectations on inflation to the highest level in 10 months and consumer confidence waned, though the economic recovery was still seen on track.

Apple Inc Chief Executive Tim Cook has jetted into China for talks with government officials as he seeks to clear up a pile of problems in the firm's biggest growth market, from its contested iPad trademark to treatment of local labor.