IBT Staff Reporter

U.S. prosecutors arrested a Chinese computer programmer on charges he stole software code valued at nearly $10 million from the Federal Reserve Bank of New York.

U.S. prosecutors arrested a Chinese computer programmer on charges he stole software code valued at nearly $10 million from the Federal Reserve Bank of New York.

He has helped the military predict where bombs will go off and worked with law enforcement to fight crime, but now Quantum Leap Innovations CEO Joseph Budner Elad wants to use his technology to help consumers

F5 Networks Inc said it expects to post a strong second quarter as a boom in data center consolidation boosts demand from enterprise customers for the network gear makers optimization products.

Chipmaker stocks rose on Wednesday, helped by upbeat earnings forecasts by Linear Technology Corp and Xilinx Inc.

Chipmaker Xilinx Inc expects fourth quarter results at the mid-point of analysts' expectations, allaying investor concerns that the slowdown in the semiconductor market would continue into the new year.

Chipmaker Xilinx Inc expects fourth quarter results at the mid-point of analysts' expectations, allaying investor concerns that the slowdown in the semiconductor market would continue into the new year.

In late October, as MF Global Holdings Ltd teetered toward bankruptcy, Jon Corzine phoned his close-knit circle of Wall Street friends for help.

Prosecutors charged a computer programmer with stealing software code valued at nearly $10 million from the Federal Reserve Bank of New York.

The House of Representative's Stop Online Piracy Act and the Senate's Preventing Real Online Threats to Economic Creativity and Theft of Intellectual Property Act have generated fierce opposition within the technology community. Here are some facts about the bills:

The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.

Hedge fund titan Steven A. Cohen is once again in the spotlight over allegations of improper trading at his $14 billion SAC Capital Advisors.

Mobile phone maker Sony Ericsson will deliver its final quarterly report as a joint venture on Thursday, before pinning its hopes on the consumer clout of its new sole owner Sony Corp to claw its way back into the top tier.

Some members of the U.S. Congress switched sides to oppose antipiracy legislation as protests blanketed the Internet on Wednesday, turning Wikipedia dark and putting black slashes on Google and other sites as if they had been censored.

Net income for the fourth quarter more rose more than fourfold to $1.98 billion, with per-share earnings of $1.51, in part due to Microsoft's Skype purchase. Revenue for the fourth quarter was $3.38 billion, up 35 percent from 2010.

Prosecutors charged a computer programmer with stealing software code valued at nearly $10 million from the Federal Reserve Bank of New York.

The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.

AT&T Inc plans to sharply raise prices on data plans for smartphone and tablet customers from next week, calling the move a response to an explosion in wireless usage.

Investors' optimism for Google Inc is running high, setting the stage for another jump in its shares to an all-time peak after the Internet search company reports results Thursday.

U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.

U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.

LightSquared, the telecom start-up backed by hedge fund manager Philip Falcone, called for new tests of its mobile system to examine interference concerns after it accused the latest government tests of being rigged.

U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.

The International Monetary Fund is seeking to more than double its war chest by raising $600 billion in new resources to help countries deal with the fallout of the euro zone debt crisis, but the United States and other countries are throwing up roadblocks.

Goldman Sachs Group Inc's fourth-quarter profit fell 56 percent as trading and investment banking revenue plunged, but the bank did better than expected thanks to cost-cutting and lower taxes, sending its shares higher.

Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.

Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while forecast-beating earnings from Goldman Sachs dispelled some worries over bank profits.

EBay Inc reported better-than-expected quarterly profit as the e-commerce company saw solid growth in its online marketplaces and an increase in transactions processed through its PayPal electronic payments business.

Research In Motion may still see software licensing as an important part of its turnaround plan, even though Samsung has denied that it might pay to use the BlackBerry maker's technology or even buy the company.