IBT Staff Reporter

U.S. lawmakers on Wednesday proposed fighting the cyber threat that is taking a toll on American companies by allowing spy agencies to share threat intelligence with private firms.

The whistleblower in the accounting scandal engulfing Japan's Olympus Corp, ex-CEO Michael Woodford, has quit the firm's board of directors and called for an urgent shareholder meeting to sweep aside its disgraced top brass.

NEW YORK, Nov 30 - Facebook games developer Zynga Inc is seeking a lower-than-expected $10 billion valuation for its initial public offering, which is to be priced on December 15, two people close to the process said on Wednesday.

The trustee tapped to control the assets of MF Global Holdings promised an independent approach to the futures broker's bankruptcy in his first public comments since accepting the post.

Groupon Inc's shares rose more than 9 percent on Wednesday after Chief Executive Andrew Mason emerged from the company's post-IPO quiet period to share holiday sales numbers.

Walt Disney Co raised its annual cash dividend by 50 percent to 60 cents a share, a far larger increase than the previous year's on the heels of strong fiscal fourth-quarter results.

Clearwire Corp is expected to reach a funding agreement with Sprint Nextel at least by year-end and possibly in time for Clearwire's December 1 debt interest payment deadline, according to people following a standoff between the wireless service providers.

Total Immersion, a pioneer in emerging field of augmented reality , is working with Intel to bring AR features, like gesture recognition, into Intel's chipsets, an executive of the privately held firm said on Wednesday.

A six-week-long fight with Olympus Corp in one of Japan's biggest corporate scandals ever is taking its toll on the whistleblower -- former CEO Michael Woodford.

Private equity firms Blackstone Group and Bain Capital will lead a bid for the whole of Yahoo Inc after agreeing to team up with Alibaba Group, two people familiar with the matter said on Wednesday.

Target Corp is rolling out new discounts on big-name toys and other gifts as it tries to increase sales during the holiday season after a somewhat disappointing showing last year.

A U.S. appeals court on Wednesday sped up the review of a ruling that moved consideration of Bank of America Corp's $8.5 billion settlement over mortgage debt to federal court from a New York state court.

U.S. weapons makers told investors this week they are doing all they can to prepare for leaner and more uncertain U.S. defense budgets, including redoubling their efforts to cut costs, drum up export sales and sell more goods to commercial clients.

LivingSocial Inc is set to run a national discount offer with McDonald's Corp as the second-largest daily-deals company moves to catch larger rival Groupon Inc.

Boeing Co has made an early deal with its biggest union for a new four-year contract, which if ratified would mean the end of the planemaker's dispute with the National Labor Relations Board and ensure the new 737 MAX single-aisle plane would be built in Washington state.

AT&T Inc and China Telecom Corp Ltd <0728.HK> have agreed to expand their relationship in China and the United States and will look into supporting each other in other regions.

Stocks surged on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis.

Iceland's special prosecutor arrested the former chief executive of Glitnir Bank on Wednesday and questioned nearly two dozen people related to the collapse of the bank in 2008.

AT&T and the parent company of T-Mobile USA, Deutsche Telekom, are considering a joint venture that would pool network assets from the two wireless carriers in case the $39 billion merger doesn't go through, sources close to the situation tell the Wall Street Journal.

Higher incentives and better model selection in November led to the best month for U.S. auto sales in more than two years.

Don’t know what to get the business traveler on your holiday list? Here are 10 great gift ideas that are sure to improve any business trip.

Digitas CEO Laura Lang will become the new head of Time Inc. beginning in January and nearly a year after the previous leader of the publishing company was shown the door.

The Federal Reserve said on Wednesday the U.S. economy grew moderately in recent weeks but said hiring remained anemic and housing activity impaired.

After the frenzy of Cyber Monday, members of Congress on Wednesday entered into a different scuffle over web shopping: states' desire to collect sales taxes from Internet retailers.

Boeing Co has made an early deal with its biggest union for a new four-year contract, which if ratified would mean the end of the planemaker's dispute with the National Labor Relations Board and ensure the new 737 MAX single-aisle plane would be built in Washington state.

Stocks surged on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis.

Skyworks Solutions said it will buy smaller rival Advanced Analogic Technologies for $5.80 a share in cash, a price lower than its original offer, ending a months-long standoff between the chipmakers.

Stocks surged more than 4 percent on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt crisis from spiking a credit crunch.

Herman Cain will not end his presidential campaign in response to the allegation that he had a 13-year extramarital affair, he said in a defiant speech in Dayton, Ohio, on Wednesday.