IBT Staff Reporter

A senior investment banker at a major Wall Street firm kept sending out emails on his BlackBerry on Wednesday morning. And they kept bouncing back.

A senior investment banker at a major Wall Street firm kept sending out e-mails on his BlackBerry on Wednesday morning. And they kept bouncing back.

AOL Inc CEO Tim Armstrong has been meeting with top shareholders in the past couple of weeks to push the idea of a sale to Yahoo Inc that could wring up to $1.5 billion of cost savings, according to sources with knowledge of the discussions.

Federal Reserve officials discussed the possibility of launching a fresh round of bond purchases before deciding last month on a more limited step to aid the economy, minutes released on Wednesday showed.

When lawyers for former hedge fund tycoon Raj Rajaratnam raised his failing health in advance of his sentencing on insider trading, they were following a familiar playbook in prominent white-collar cases.

Bill Gross, manager of the world's largest bond fund, ramped up buying of mortgage-backed securities in September on the likelihood the Federal Reserve's reinvestment program in those securities will boost prices significantly.

Hewlett-Packard Co's personal computer shipments grew 5.3 percent in the third quarter, while China's Lenovo overtook Dell to become the world's No. 2 PC maker for the first time, Gartner data showed.

Apple Inc debuts its fifth generation iPhone this week minus its visionary leader for the first time. But CEO Tim Cook may already be thinking ahead to his greatest challenge: repositioning the company's fabled marketing apparatus to safeguard the brand.

Sarah Michelle Gellar fans, breathe easy: Ringer will be sticking around for a while.

Fox has acquired Rentaghost, a comedy based on a BBC children's series, and has attached Ben Stiller to star, TheWrap has confirmed.

A gunman shot dead six people and critically wounded three others on Wednesday at a Southern California hair salon in the coastal town of Seal Beach, an Orange County fire official said.

Steven Spielberg, Tom Hanks and Oprah Winfrey have lent their collective star power to First Lady Michelle Obama and Dr. Jill Biden to create public service announcements on behalf of the nation's military families.

They'll have some big shoes to fill after Margo Martindale's Emmy-winning performance as Mags Bennett, but FX confirms that Desperate Housewives alum Neal McDonough and 24 co-star Mykelti Williamson will play villains in the new season of Justified.

Universal cried uncle on Wednesday.

Three episodes into its second season, HBO has renewed Boardwalk Empire for a third.

More sexually active American teen males are using condoms the first time they have sex, according to a new study done by the U.S. Centers for Disease Control and Prevention.

Fox has slated Die Hard 5 -- now titled A Good Day to Die Hard -- for a Valentine's Day 2013 release.

David 'The Hoff' Hasselhoff wants to stay hip and current with the kids, so he's doing it the way he knows best -- by getting beat up in cheerleader outfits and chicken suits in an ad campaign for a video game.

News Corp and Discovery Communications have been flagged as two of the top 10 riskiest American companies based on a new gauge that looks at weak corporate governance, accounting red flags and high leverage.

Research in Motion is blaming technical problems in its highly secretive communications network for a three-day disruption in service to millions of BlackBerry users around the globe.

Apple Inc is starting to hear a common refrain from investors: Show us the money.

Research In Motion said on Wednesday it was working frantically to end a three-day global disruption of BlackBerry services that has frustrated millions of smartphone users and put more pressure on the company for sweeping changes.

Hollywood Exhales: BlackBerry Service Is Back

Apple Inc debuts its fifth generation iPhone this week minus its visionary leader for the first time. But CEO Tim Cook may already be thinking ahead to his greatest challenge: repositioning the company's fabled marketing apparatus to safeguard the brand.

Losses for private investors on Greek debt in the second financing package for Athens are likely to be between 30 and 50 percent, rather than the earlier agreed 21 percent, euro zone officials said on Wednesday.

U.S. manufacturers are failing to fill thousands of vacant jobs, surprising when 14 million people are searching for work.

Herman Cain is ahead of Mitt Romney in several recent polls. But can he sustain that lead, or is he just another candidate du jour? Political experts say a Cain nomination is unlikely.

Attention musicians looking for a big break outside landing on American Idol or The X-Factor: Rock City Club is open for business.

Facebook executive and eBay Inc board member Katie Mitic unveiled a partnership between the two companies designed to create a new crop of e-commerce applications with social networking features.