IBT Staff Reporter

Longing plays a key role in Tran Anh Hung's new film Norwegian Wood, and it's an emotion with which fans of the Vietnamese-born director have some familiarity.

Federal Reserve Governor Sarah Bloom Raskin on Saturday said the Fed must impose monetary penalties on banks who entered into an April agreement with regulators over how to fix problems in their mortgage servicing businesses.

To find a precedent for the deep, lasting output cuts that aluminum producers must make to put a floor under prices, traders are looking a lot further back than the last recession.

Federal Reserve Gov. Sarah Bloom Raskin said on Saturday the Fed must impose monetary penalties on banks that entered into an April agreement with regulators over how to fix problems in their mortgage-servicing businesses.

Securities regulators will no longer let companies settle civil cases without admitting or denying the charges if they have already admitted wrongdoing in parallel criminal cases.

A senior Central Bank of Iran official has denied rumors that the bank's governor has resigned, the ISNA news agency reported Saturday, in a week when the currency hit a record low amid rising inflation and concerns about tighter economic sanctions.

China's total insurance premiums rose 10 percent to 1.43 trillion yuan ($226.64 billion) in 2011 from a year earlier, state media quoted the country's industry regulator as saying on Saturday.

Exxon Mobil Corp and the government struck a deal on Friday that would allow the company to move ahead with development of a field in the Gulf of Mexico estimated to yield tens of billions of dollars of oil.

U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the country's economic recovery is gaining steam.

U.S. employment growth accelerated last month and the jobless rate dropped to a near three-year low of 8.5 percent, the strongest evidence yet the economic recovery is gaining steam.

UniCredit's head on Saturday expressed surprise the Italian bank's stock slid this week after the pricing of a cash call and said he looked forward confidently to Monday when the rights to buy into the 7.5 billion euro capital increase start trading.

Joerg Asmussen, a European Central Bank executive board member, wants ECB policy makers to show unity when dealing with the public, according to a newspaper report released on Saturday.

ECB Executive Board member Joerg Asmussen wants European Central Bank policymakers to show unity when dealing with the public, according to a newspaper report released on Saturday.

Exxon Mobil Corp and the government struck a deal on Friday that would allow the company to move ahead with development of a field in the Gulf of Mexico estimated to yield tens of billions of dollars of oil.

Stocks have strayed from their recent link to euro moves, and the start of U.S. corporate earnings next week could help shift investor focus back to U.S. fundamentals from Europe.

The Obama administration on Friday opted against closing a loan of as much as $730 million for steelmaker Severstal North America, whose financing bid to expand a plant for auto-steel production drew the attention of congressional investigators looking at U.S. Energy Department loan programs.

The Obama administration on Friday opted against closing a loan of up to $730 million for steelmaker Severstal North America, whose financing bid to expand a plant for auto steel production drew the attention of congressional investigators looking at Energy Department loan programs.

Hedge fund manager John Paulson lost more than half of the capital in one of his firm's biggest funds, people familiar with the number said Friday.

Yahoo Inc. is searching for new members for its board of directors, following its hiring of a new chief executive, according to a person familiar with the matter.

Toronto's main stock index finished lower for the first time this year on Friday, as resource and financial issues fell after Canadian and U.S. jobs data failed to impress investors.

Yogawear retailer Lululemon Athletica Inc said on Friday that its charismatic founder Chip Wilson will step down from his executive position.

Canada gained 17,500 jobs in December, but the jobless rate rose and the new positions were all part time, further evidence its post-recession hiring surge has ended even as U.S. jobs growth finally picks up the pace.

An Ontario judge has ruled that a C$50 billion ($48.82 billion) lawsuit against a group of 14 tobacco companies can proceed, after rejecting an application to dismiss the lawsuit by a group of seven companies.

Whistle-blowers earned more than $532 million in 2011 through lawsuits alleging fraud against the U.S. government, a record for such payouts, according to a law-firm study published on Friday.

Whistleblowers earned more than $532 million in 2011 through lawsuits alleging fraud against the U.S. government, a record for such payouts, according to a law firm study published on Friday.

A U.S. congressional committee will hold a hearing on Feb. 2 to examine the role credit rating agencies played in the collapse of MF Global Holdings Ltd, a congressional staffer said on Friday.

EBay Inc's PayPal unit is testing in-store payments with Home Depot, one of the largest retailers in the United States, as the online payments provider moves to expand into the physical world of brick and mortar.

Symantec Corp, the top maker of security software, said hackers had exposed a chunk of its source code, which is essentially the blueprint for its products, potentially giving rivals some insight into the company's technology.

Two weeks after disclosing that its website had been hacked, a private intelligence analysis firm on Friday warned subscribers that hackers were now circulating false emails offering the company's services for free.