IBT Staff Reporter

A fresh round of insider-trading prosecutions involving hedge funds may be in the works judging by some unusual name-dropping during two recent guilty pleas in the long-running probe.

The law overhauling the financial system should continue to protect the economy in the future despite any challenges it's faced in its first year of existence, a top Treasury official said on Wednesday.

AIDS drugs designed to treat HIV can also be used to reduce dramatically the risk of infection among heterosexual couples, two studies conducted in Africa showed for the first time on Wednesday.

Subscribers are not happy with Netflix' new price hike announced Tuesday, which will raise the DVD and streaming combo subscription from $10 to $16 per month.

EasyJet's largest shareholder, Stelios Haji-Ioannou, wants to force a shareholder vote over the airline's plans to by new aircraft from Airbus, resuming a long-running dispute with the company he founded.

Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, hinting policymakers were actively mulling further stimulus.

Oracle Corp and SAP AG have not had any settlement talks since a $1.3 billion verdict against SAP last November, an attorney for Oracle said in court.

When thieves ransacked eight air conditioners in an apartment complex in the city of Mobile, Alabama, the culprits made off with $800 worth of scrap metal and left residents with $38,000 worth of damages.

The following are highlights of Federal Reserve Chairman Ben Bernanke's prepared remarks on Wednesday to the House of Representatives Financial Services Committee as part of his semi-annual testimony on the U.S. economy and monetary policy.

Wall Street stocks rebounded from a three-day selloff on Wednesday as comments from Federal Reserve Chairman Ben Bernanke raised hopes for further stimulus of the U.S. economy if needed.

Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, suggesting policymakers are actively mulling further stimulus.

Mila Kunis, star of Friends with Benefits and Marine Corps date, has a genetic mutation of sorts called Heterochromia. The actress has one brown eye, and one greenish hazel eye.Heterochromia simply refers to a difference in color in the iris. It's the result of a lack of melanin in one eye, hypoplasia. This can be caused by genetics, or damage to the eye. And although it's uncommon in humans, it's relatively common in dogs.Mila Kunis has accepted an offer to attend a M...

The United States beat France 3 to 1 in the Women's World Cup semifinals on Wednesday in Germany.

Pay-TV operator BSkyB said it remained confident in its future as a standalone company after major shareholder News Corp dropped its bid for the 61 percent of the company it did not already own.

Mila Kunis has accepted an offer to attend a Marine Corps Ball with Sgt. Scott Moore in November. The actress accepted the invitation as she was doing press for her upcoming comedy, Friends with Benefits, co-starring Justin Timberlake.In an attempt to get the 27-year-old's attention, Moore set up a YouTube page and filmed a short video with a personal invitation to Kunis. The video has been viewed over 200,000 times with comments ranging from, Hope she says yes! Good Luck! to ...

Tom Crone, the legal manager at Rupert Murdoch's UK newspaper arm, which is fighting widespread hacking allegations, has left the company, a source familiar with the situation told Reuters on Wednesday.

Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank is ready to ease monetary policy further if the economy weakens and inflation moves lower, suggesting policymakers are actively mulling further stimulus.

China Telecom Corp Ltd plans to offer its 106 million subscribers the Apple Inc iPhone by the end of 2011, sources said on Wednesday, which would make it the second operator to do so in the world's largest mobile phone market.

Netflix has raised its prices and essentially forced consumers to either choose DVD or streaming.

Struggling Nokia suffered a fresh blow on Wednesday when it abandoned plans to sell a stake in its network gear venture with Siemens .

British intelligence eavesdroppers are suffering a steady loss of Internet experts to the private sector because the likes of Google and Microsoft offer much higher wages, a group of lawmakers said on Wednesday.

All star baseball player Derek Jeter has recently joined the 3,000 hits league, and to celebrate with him is his girlfriend Minka Kelly. But who is Minka Kelly?The Los Angeles native is the child of former Aerosmith guitarist Rick Dufay. Her mother was an exotic dancer. Kelly and her mother traveled extensively when she was younger, but finally settled in Albuquerque, New Mexico, when before entering junior high.Kelly has appeared in numerous television programs, most notably Friday...

News Corp has withdrawn its $12 billion bid to buy out the 61 percent of broadcaster BSkyB it does not already own after the government turned on Rupert Murdoch over a phone hacking scandal.

The text of President Barack Obama's statement on the Mumbai attacks. Obama strongly condemn[s] the outrageous attacks in Mumbai, and my thoughts and prayers are with the wounded and those who have lost loved ones.

The search for a missing 8-year-old Hasidic boy ended early Wednesday with the discovery of his dismembered body by authorities in two locations in Brooklyn -- and police have arrested a man suspected in the brazen slaying.

Wall Street rebounded from a three-day sell-off on Wednesday as comments from Federal Reserve Chairman Ben Benanke raised hopes that there could be further stimulus for the U.S. economy if needed.

The byline has been withheld to protect the writer and those interviewed for the story. Reuters correspondents were expelled from Syrian shortly after unrest began in March.

Nokia and Siemens have abandoned attempts to sell a stake in their joint venture Nokia Siemens Networks after holding unsuccessful talks with private equity firms for the past 12 months.

It's true that Netflix has raised the price of its DVD rentals and online movie packages by 60 percent, removing the cheap streaming and DVD option, but their new plans aren't really that bad. The latest plan for both DVD rentals (one at a time) and unlimited streaming was a bargain at $9.99, a steal even. And although the price is now $15.98 a month, it's not the only option.The only qualm we foresee with this is that the streaming option may not provide full access to all new rel...