IBT Staff Reporter

Three hackers say they have exploited a vulnerability in Research In Motion's PlayBook tablet to gain root access to the device, a claim that could damage the BlackBerry maker's hard-won reputation for security.

Three hackers say they have exploited a vulnerability in Research In Motion's PlayBook tablet to gain root access to the device, a claim that could damage the BlackBerry maker's hard-won reputation for security.

Lawyers for multimillionaire hedge fund founder Raj Rajaratnam on Wednesday sought a delay of his prison sentence just five days before he was due to start serving 11 years for insider trading.

Stocks surged on Wednesday as major central banks around the world acted jointly to add liquidity to the global financial system, sparking a rally in risk assets such as equities and commodities.

The new U.S. consumer financial watchdog said there is a lot of confusion about the terms of credit cards based on complaints it has received from cardholders in recent months.

Conrad Murray, who was convicted of involuntary manslaughter in the death of Michael Jackson, was sentenced on Tuesday to maximum four years in prison.

Conrad Murray, who was convicted of involuntary manslaughter in the death of Michael Jackson, was sentenced on Tuesday to maximum four years in prison.

Rep. Ed Markey (D-MA), the co-chairman of the Congressional Privacy Caucus, said in a statement Tuesday he was unhappy about Amazon's answers to a letter he sent to the Seattle-based retailer last month asking about Amazon Silk, a web browser installed in the Fire tablet.

Billionaire investor Warren Buffett buys newspapers every day, the hometown daily included, but on Wednesday he dispensed with the single-issue price and bought the whole company instead.

A new cross-border tunnel used to smuggle drugs from Mexico was found in San Diego, U.S., which is the second such tunnel found within two weeks, authorities said on Tuesday.

The central banks of the United States, euro zone, Japan, Canada, Britain and Switzerland announced on Wednesday coordinated global action to provide liquidity to the financial system, lowering the price on existing dollar swaps.

Private sector job growth accelerated in November as employers created the most jobs in nearly a year, prompting some economists to raise their forecasts for Friday's more comprehensive government labor report.

The pace of job growth in the private sector accelerated in November, with U.S. employers adding 206,000 jobs, a report by a payrolls processor showed on Wednesday.

A Chinese tourism company listed in the United States wants investors to pour their money down a dark hole. Literally.

China's central bank cut reserve requirements for commercial lenders on Wednesday for the first time in three years, a policy shift to ease credit strains and shore up an economy running at its weakest pace since 2009.

Japanese authorities may take weeks to make any arrests over the accounting scandal at Olympus Corp, though initial findings by an investigative panel of experts are due to be released in days, lawyers said.

AT&T Inc will struggle to find buyers for any asset sale big enough to salvage its $39 billion deal to buy T-Mobile USA, with most likely buyers Leap Wireless International Inc and MetroPCS Communications lacking the cash.

Banks face a double hit to costs and revenues from a spate of credit rating downgrades, another burden for a sector already struggling because of the European Union's failure to deal decisively with its financial crisis.

American Airlines' bankruptcy restructuring should make the carrier more profitable and able to purchase more aircraft, the head of Boeing Co's commercial airplane division said on Wednesday.

Daniel Radcliffe, famous for his portrayal of wizard Harry Potter, will be taking on another literary icon next year--only this time, its a real person: beat poet and counterculture hero Allen Ginsburg.

Among Cain's Republican opponents, two -- former Massachusetts Gov. Mitt Romney and U.S. Rep. Ron Paul of Texas -- have been conspicuously absent from the public discussion of his future. But several other candidates have voiced their opinions on whether Ginger White's allegations mean lights out for the Cain campaign:

Private sector job growth accelerated in November as employers created the most jobs in nearly a year, prompting economists to raise their forecasts for Friday's more comprehensive U.S. labor report.

Pittsburgh's Sidney Crosby continued his potent point-scoring run since returning from injury but the Penguins fell 4-3 to New York on Tuesday, allowing the Rangers to close the gap in the Atlantic division.

LONDON - U.S. and British institutional investors walked away from euro zone bonds during November as fears for the future of the currency bloc grew, Reuters asset allocation polls showed on Wednesday.

Herman Cain's chief of staff said Tuesday night that there was no way Cain would end his presidential campaign in response to the allegation that he had a 13-year extramarital affair. According to Block, there are only two things that would make Cain drop out of the race: if his wife of 43 years asked him to, or if we show up to do events and no one is there.

A printed chiffon dress worn by the late singer Amy Winehouse for the cover of her chart-topping album Back to Black has sold for 43,200 pounds ($68,000) at auction.

The ongoing European debt crisis is threatening the global economy and must be dealt with swiftly and decisively, Canada's finance minister Jim Flaherty said at a conference on Wednesday.

Toronto's main stock index was set to open higher on Wednesday, extending gains from the previous session after China unexpectedly cut its bank reserve requirement ratio by 50 basis points, and ahead of Canadian growth data.

Stocks were set to gain more than 2 percent at the open on Wednesday as a coordinated action by major central banks to provide liquidity to the global financial system boosted investors' appetite for risky assets.