IBT Staff Reporter

Greenlight Capital Inc, the hedge fund run by high-profile investor David Einhorn, said Sprint Nextel management is on the verge of losing the confidence of financial markets, in a letter to investors.

The hunt for the missing $600 million in customer money at MF Global Holdings Ltd may begin with Harris Bank, a Chicago-based lender that often holds client money for many large futures brokerage firms.

Two Federal Reserve policymakers known for their hawkish views on inflation pushed on Tuesday for the central bank to provide more guidance on policy goals.

Time Warner Cable is considering bidding for the television rights to cover the Los Angeles Dodgers.

In the nine days since Politico reported on sexual harassment allegations against Herman Cain, the story has exploded beyond all expectations. Here is a recap of Cain's wild week.

Cisco Systems Inc has won cautious endorsement for its months-long overhaul but now must convince Wall Street its troubles are a thing of the past and it can return to steady growth.

At his Phoenix press conference Tuesday, an increasingly embattled 2012 Republican presidential nomination candidate Herman Cain categorically denied all accusations of sexual harassment against him, even as a fifth woman detailed another alleged incident of inappropriate behavior by him.

Japan's Olympus admitted on Tuesday it hid losses on securities investments dating back two decades, bowing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt.

Hedge fund manager David Einhorn exited Pfizer , his largest holding, and made new bets on CBS Corp ., General Motors Co and Marvell Technology Group during the third quarter.

The former chief executive of Japan's embattled Olympus said on Tuesday the company's partners should come under close scrutiny after the camera and endoscope maker admitted it hid securities investment losses for two decades.

Stocks closed higher on Tuesday for a second day in a row as late-day news about Europe sparked an afternoon rally that erased early weakness.

The company that makes the BlackBerry has a short window to revive its sagging share price and shake up its business, or risk the escalation of a dissent movement that claims support from holders of 8 percent of its stock.

Mark Zuckerberg returned to Harvard officially for the first time Monday, winning a warm welcome from the university where he created Facebook and embarked on a well-chronicled meteoric ascent.

Facebook has picked up a team of mobile technology developers from a small San Francisco startup company, bolstering the social networking giant's efforts to expand its offerings on smartphones and tablet PCs.

Sidney Crosby, who has missed the past 10 months with a concussion, may return to the Penguins lineup this Friday versus the Dallas Stars.

Tuesday's elections will decide the positions of the city's next mayor, district attorney and sheriff and give citizens the opportunity to vote on several ballot initiatives. Polls opened at 7 A.M. and will close at 8 P.M. this evening; voters can look up their polling places here.

Kim Kardashian, who was spotted boarding the flight at the Minneapolis-St. Paul International Airport on the weekend, has reportedly left for Minnesota to visit her estranged husband Kris Humphries.

Asteroid 2005 YU55 is scheduled to make its closest approach to Earth today at 3:28 p.m. PST (6:28 p.m. EST/1128 UTC).

The 12 official posters for the 2012 London Olympics were revealed Nov. 4 and they don't look anything like what you'd expect!

Stocks rose on Tuesday on news that Italian Prime Minister Silvio Berlusconi would resign.

Stocks rose on Tuesday on news that Italian Prime Minister Silvio Berlusconi would resign.

The singer-turned-actor Justin Timberlake has finally confirmed that he has reconciled with actress Jessica Biel, after the rumor of their reunion circulated for several weeks.

Physically acting out dreams, also known as rapid eye movement behavior disorder (RBD), develops into degenerative nerve disorders in 40 to 65 percent of patients, such as Parkinson's disease, researchers found.

Justin Bieber has agreed to take paternity test after denying the allegation by a 20-year-old woman that he is the father of her 3 months-old baby boy.

British singer-songwriter Adele is expected to make a full recovery after undergoing vocal cord microsurgery, hospital officials in Boston said.

It weighs nearly 10 pounds, holds 104 DVDs and is bigger than a breadbox. And speaking of bread … even if you catch a sale, the new Law & Order: The Complete Series DVD box set, which retails for $699.99, is going to set you back a nice chunk of dough.

Brett Ratner may have been a bold, unconventional choice to produce the 84th Academy Awards, but the bad boy director is stoking controversy among Academy members who worry he might not be the best choice to shepherd the cherished, historic and fairly conservative property.

Putting animal rights over fashion imperatives and its own vibrant shopping scene, leaders of the California city of West Hollywood have given final approval to a first-in-the-nation ban on the sale of fur clothing within its limits.

The doctor convicted of involuntary manslaughter in the death of Michael Jackson will star in a tell-all TV documentary airing this week, the company behind the film said on Tuesday.