IBT Staff Reporter

Analysts have been slashing earnings estimates for big Wall Street banks recently, particularly for Goldman Sachs, as unpredictable trading markets and weak merger and underwriting volumes hurt the sector's profit potential.

Controversial new Internet rules adopted late last year by the Federal Communications Commission will soon be published officially, a step expected to trigger legal challenges.

The largest U.S. video game retailer GameStop Corp will sell Android tablets this holiday for the first time in a bid to grab a slice of the growing market of people who play games on the go.

France's media regulator on Monday proposed a switch to a new broadcasting technology which could make it harder for smaller players to prosper and delay new channels.

Stocks rose on Monday, bouncing back in late trading, as hopes that Italy could get financial support from China tempered investors' worst fears over the euro zone's sovereign debt crisis.

Facebook co-founder Chris Hughes said a move by North Carolina lawmakers to prohibit gay marriage is bad for business.

A fight broke out at the Jets-Cowboys game last night and it didn't involve any of the players.

Bank of America Corp said it will cut 30,000 jobs and slash annual expenses by $5 billion, but investors were unimpressed with the plan and the lack of details on how it will be accomplished.

Prosecutors asked a judge on Tuesday to imprison a Taiwan-born former technology company consultant for as long as 8 to 10 years as part of a crackdown on insider trading.

Cyndi Lauper screwed up the lyrics to the National Anthem at the U.S. Open

State lawmakers in North Carolina Monday moved ahead on a proposed constitutional amendment defining marriage between a man and woman.

Wall Street could make $100 million from the Federal Reserve's next bond market maneuver, but that is considerably less than the gains from prior Fed actions.

Arizona Rep. Gabrielle Giffords will give her first TV interview since being shot earlier this year to Diane Sawyer of ABC News.

Tumultuous markets and financial problems in Europe are hurting profits in the asset management industry, according to Laurence Fink, chief executive of BlackRock Inc , the world's largest asset manager.

Tumultuous markets and financial problems in Europe are hurting profits in the asset management industry, according to Laurence Fink, chief executive of BlackRock , the world's largest asset manager.

State police last Monday arrested 43-year old Byron Womack was found marching along Interstate 65 in rural Merrillville, Ind carrying a samurai sword. Womack said to police he was cuckoo for cocoa puffs.

AT&T has given its response to the U.S. Department of Justice, the company is still hoping its deal with T-Mobile can go through.

NTT DoCoMo Inc and other Japanese firms will partner South Korea's Samsung Electronics Co to develop key chips for next-generation smartphones to reduce the reliance on Qualcomm Inc, the Nikkei business daily reported.

Gabrielle Giffords, the Arizona congresswoman who survived an assassination attempt in January, will give her first television interview since the shooting to ABC journalist Diane Sawyer in November, ABC News said on Monday.

It was among the most exciting periods of Playboy founder Hugh Hefner's life, so what could be better in a bad economy than to retrace the 1960s' good times and give readers a break on the price of his magazine?

The father of British singer Amy Winehouse said he believed his daughter died of a seizure brought on by ending years of binge drinking.

Grosvenor Park is back. The company that produced The Hurt Locker and Righteous Kill, has lined up $100 million in financing that it intends to deploy over the next year.

Star bond fund manager Jeffrey Gundlach made a surprise third appearance on the witness stand on Monday in his high-stakes trial with his former employer, Trust Company of the West.

Sixty-four-year-old Martin Kessman is suing White Castle under the Americans with Disabilities Act, claiming he cannot fit into the booths and the restaurant has not made accomodations.

British actor, Andy Whitfield, who played a main character on Starz network’s “Spartacus: Blood and Sand,” died on Sunday after battling Non-Hodgkin Lymphoma cancer for more than a year.

Google Inc's effort to break into the daily deal industry and challenge industry leaders Groupon and LivingSocial is not going well, according to data released on Monday.

There is little evidence that speculation in commodities has led to high and volatile commodity prices, a global banking group said on Monday in a report to the Group of 20 leading economies.

Chipmaker Broadcom Corp plans to buy NetLogic Microsystems Inc for about $3.7 billion to expand its lineup of chips used in wireless network equipment to take advantage of growing demand for mobile data services.

Australia's Sam Stosur tamed her own pounding heart and repelled everything -- both good and bad -- that Serena Williams hurled at her to win the U.S. Open crown and her first grand slam singles title on Sunday.