IBT Staff Reporter

Concerns raised by Delta Air Lines about the fairness of U.S. Export-Import Bank loans to help Boeing export aircraft are complicating President Barack Obama's push to quickly renew the bank's charter.

U.S. securities regulators brought charges against an online trading platform and two private funds that were offering Facebook shares, the first major actions following a year-long probe into lightly regulated trading in private company shares.

Every time Goldman Sachs Group Inc President Gary Cohn sticks his chin out, he seems to take another hit.

U.S. securities regulators brought charges against an online trading platform and two private funds that were offering Facebook shares, the first major actions following a year-long probe into lightly regulated trading in private company shares.

Bank of America Corp shares on Wednesday hit their highest level in seven months after a Federal Reserve stress test affirmed one of the more troubled U.S. banks had made progress in improving its capital levels.

Citigroup Inc on Wednesday stood by its pledge to reward shareholders, as Wall Street sought to understand why the bank failed to win approval from regulators to increase its dividend or buy back stock.

China Mobile <0941.HK>, the world's biggest carrier by number of subscribers, is set to post its slowest quarterly growth in almost two years on Thursday due to weak user rates, though the pace might pick up later this year if it attracts higher-end users with a network upgrade and lands an iPhone contract.

The U.S. Treasury said on Wednesday that it plans to sell its preferred stock position in six community banks as part of the Obama administration's effort to unwind bailout programs from the financial crisis.

Phupinder Gill - named this week to be CME Group Inc's next CEO - made a caustic comment that nearly wrecked talks in the late 1990s over linking up with cross town rival Chicago Board of Trade.

Owners of the cash-strapped New York Mets baseball team lost a key ruling ahead of a federal trial over whether they should return $303 million because they turned a blind eye to Bernard Madoff's fraud.

Chevron Corp Chief Executive John Watson sees demand for oil being destroyed in the United States as a result of higher gasoline prices and an underperforming U.S. economy.

The S&P 500 broke a five-day streak of gains on Wednesday as investors found little reason to extend a rally that took the benchmark index to four-year highs.

The U.S. economy is recovering pretty well and trying to juice it up by allowing a little extra inflation would be disastrous, Paul Volcker, the former Federal Reserve chairman known for successfully reining in double-digit inflation, said on Wednesday.

Greece's cabinet unanimously approved the terms of its international bailout on Wednesday, hours after euro zone countries formally approved the 130 billion euro ($169 billion) financial package that Athens needs to stay afloat.

New York City will be paid more than $500 million by computer contractor SAIC in a fraud case related to the company's work for the city, officials said on Wednesday.

ST-Ericsson is preparing to unveil a major operations revamp within two weeks, placing the troubled mobile chip venture on track for a takeover by a peer or competitor that would create a formidable rival to Qualcomm Inc.

Import prices rose in February on sharply higher oil costs, but there were few other signs of imported inflation pressure and food prices posted their largest decline in three years.

Stocks mostly edged lower on Tuesday, with the S&P 500 pulling back after nearing 1,400 as investors found little reason to extend the previous day's rally on the Federal Reserve's comments on the economy and the banking sector.

The S&P 500 knocked on 1,400 before edging lower on Wednesday as investors digested the previous session's rally on the Federal Reserve comments on the economy and the banking sector.

Internet security experts have set up a system to alert Americans when sensitive personal information such as social security numbers and online banking log-in credentials turn up in the hands of cyber fraudsters.

James Murdoch has written to the influential UK parliamentary committee investigating a phone hacking scandal to apologize and restate his own innocence ahead of a potentially damaging report that could determine his future in Britain.

Fares rushes through a crowded Moroccan market, past a man selling Persian rugs, a cat mewing for slivers of meat from a butcher, and a woman surveying mounds of bright red and yellow spices.

The head of Boeing Co's Commercial Airplanes unit reaffirmed on Wednesday that the plane-maker can correct a glitch on the 787 Dreamliner and meet its delivery goals for the plane this year.

Crude inventories rose last week, with stocks at the trading hub in Cushing, Oklahoma increasing to an nine-month high, while oil products fell, data from the U.S. Energy Information Administration showed on Wednesday.

A former reporter on the News of the World newspaper, the defunct News Corp British paper at the heart of phone-hacking and corruption allegations, said he lost his job as crime correspondent because he refused to bribe police officers.

The Federal Reserve will try to make it clearer whether new banking rules apply to small lenders, Federal Reserve Chairman Ben Bernanke said in remarks on Wednesday.

Stocks were largely flat on Wednesday as investors balanced comments from the Federal Reserve on the economy and banking sector against the recent, five-day rally.

The Federal Reserve will try to make it clearer whether new banking rules apply to small lenders, Federal Reserve Chairman Ben Bernanke said in remarks on Wednesday.

Apple Inc is seeing record pre-orders for its latest iPad with wait times for shipping the tablet now reaching two to three weeks, said Canaccord Genuity analysts, who now expect the company to sell 65.6 million iPads this year.