IBT Staff Reporter

Italy's central bank governor urged the government on Saturday to rapidly implement planned reforms and take further steps to support the Eurozone's third-biggest economy, which he said would shrink by about 1.5 percent this year.

Feb 18, 2012

Italy's central bank governor urged the government on Saturday to rapidly implement planned reforms and take further steps to support the euro zone's third-biggest economy, which he said would shrink by around 1.5 percent this year.

Feb 18, 2012

Apple Inc. has requested European Union antitrust regulators to step in and settle a technology patent dispute between the company and Motorola Mobility Holdings Inc., according to a Motorola Mobility regulatory filing on Friday.

Feb 18, 2012

Apple has asked EU anti-trust regulators to step in and settle a technology patent dispute between the company and Motorola Mobility, according to Motorola Mobility.

Feb 18, 2012

In his biggest feat off the basketball court yet, Jeremy Lin has helped restore New York Knicks games to more than 1 million TV viewers in New York.

Feb 17, 2012

Apple Inc did not infringe patented technology owned by Android phonemaker HTC Corp, the U.S. International Trade Commission said on Friday, the latest ruling in the wide-ranging smartphone patent wars.

Feb 17, 2012

Have a white girl problem and don't know where to turn? Babe Walker, Twitter's snarky, self-obsessed socialite has produced the definitive guide on how to deal with life's trivial issues in a new novel out this month.

Feb 17, 2012

A U.S. grand jury added more charges against file-sharing website Megaupload and its executives, and also accused them of taking copyrighted content from sites such as YouTube for its own service, according to a new indictment released on Friday.

Feb 17, 2012

Kung Fu Panda creator Dreamworks Animation SKG Inc plans to build a production studio in Shanghai with some of China's biggest media companies, a landmark deal that gives the company a foothold in one of the largest untapped markets for Hollywood.

Feb 17, 2012

The $40 billion United Brotherhood of Carpenters pension fund, a long-time investor rights activist, is asking more than a dozen U.S. companies to start disclosing how long they have had the same outside auditor.

Feb 17, 2012

For the dozen or so niche hedge funds that make their money in the natural gas market, January's wild trading should have come as a welcome relief.

Feb 17, 2012

Time Warner Cable subscribers will finally be able to catch the recent rise of basketball sensation Jeremy Lin of the New York Knicks, thanks to a new agreement struck with MSG Network, a spokesman for the cable company said.

Feb 17, 2012

The parent of Fidelity Investments, FMR LLC, plans to raise $250 million through a debt offering, according to U.S. regulatory filings.

Feb 17, 2012

Mitsui & Co Ltd's MOEX Offshore agreed with the U.S. Justice Department to pay at least $90 million to settle some of its liability in the Deepwater Horizon oil spill, the first government settlement involving the BP Plc Macondo well.

Feb 17, 2012

The head of Avon Products Inc's Canadian unit will become president of the cosmetics company's China business next month as the company contends with sliding sales there and a probe into alleged bribery of officials in that country.

Feb 17, 2012

Women's apparel retailer Christopher & Banks Corp said its chief executive Larry Barenbaum stepped down Friday.

Feb 17, 2012

Prompted by a delay in a big trade of a popular exchange-traded fund, the U.S. Securities and Exchange Commission is taking a closer look at a possible connection between high-frequency traders and hedge funds jumping in and out of ETFs, among other areas, according to a person familiar with the matter.

Feb 17, 2012

Hedge fund manager Philip Falcone told investors he will not quit plans to build a national mobile broadband service even after the startup wireless company he is backing suffered a serious regulatory blow this week.

Feb 17, 2012

Carlson Capital, a hedge fund based in Dallas, said on Friday that one of its former portfolio managers had received inside information from a industry consultant who has been arrested and charged with illegally passing on inside information.

Feb 17, 2012

U.S. securities regulators have widened their inquiry into the trillion-dollar market for exchange-traded funds, according to a person familiar with the matter.

Feb 17, 2012

CVS Caremark Corp said it received requests for information about a prescription drug discount program it runs for uninsured or under-insured individuals from both the U.S. government and the Texas Attorney General.

Feb 17, 2012

Royal Dutch Shell's bid to drill in the Arctic this summer took another step forward on Friday when the U.S. Interior Department approved its oil spill response plan for the Chukchi Sea.

Feb 17, 2012

Italian police said on Friday they had seized about $6 trillion worth of fake U.S. Treasury bonds and other securities in Switzerland, and arrested eight Italians accused of international fraud and other financial crimes.

Feb 17, 2012

The trustee managing the assets of bankrupt MF Global Holdings Ltd said none of the roughly $26 million being used to fund the futures brokerage in Chapter 11 is part of a $1.6 billion shortfall in customer accounts.

Feb 17, 2012

When Jason Goldberg set out to raise a new round of funding for his flash sales site Fab.com, he dispensed with the usual PowerPoint presentations and instead gave potential investors a look at the crown jewels: the dashboard of real-time analytics that can instantly spot trends and enable the site to tweak its offerings on the fly.

Feb 17, 2012

Feb 18 - Former Olympus Corp president Tsuyoshi Kikukawa aided the firm in securing 70 billion yen, a part of which was allegedly used to conceal massive investment losses, the Nikkei business daily reported, citing unnamed sources.

Feb 17, 2012

U.S. stocks edged higher on Friday, but investors stayed cautious before a long holiday weekend when hopes are set for Greece's bailout plan to be approved.

Feb 17, 2012

An outspoken research analyst who made waves by refusing to cooperate in the U.S. government's broad insider-trading probe was charged with illegally supplying hedge funds with tips as part of his consulting service.

Feb 17, 2012

A British student, who hacked into Facebook's internal network risking disastrous consequences for the website, was jailed for eight months on Friday in what prosecutors described as the most serious case of its kind they had seen.

Feb 17, 2012