IBT Staff Reporter

Goldman Sachs, Lehman Brothers, and European banks RBS and UBS were the biggest beneficiaries of very short-term Federal Reserve loans extended at the height of the financial crisis, according to data released on Wednesday.

NASA said there is a 30 percent chance that weather WON'T ruin Friday's launch.

European politicians accused credit rating agencies on Wednesday of anti-European bias after Moody's downgrade of Portugal's debt to junk cast new doubt on EU efforts to rescue distressed euro zone states without debt restructuring.

Blackstone Group latest private equity fund is now sized at $16 billion, according to a source familiar with the matter on Wednesday, making it one of the largest buyout funds raised in history.

An arbitration panel ordered a Merrill Lynch clearing unit to pay $63.7 million in damages to California hedge fund manager Rosen Capital Partners LP as compensation for losses during the 2008 financial crisis.

Kenneth Thompson, the lead attorney for Dominique Strauss-Kahn's accuser, has asked the District Attorney to step down from the case which he believes has been mishandled, and wants a special prosecutor appointed, the International Business Times has learned.

She might have become a media sensation due to the highly-publicized nature of the trial where she was acquitted of murdering her 2-year-old daughter, Caylee, but Casey Anthony thought she looked like a star long ago.

Casey Anthony, the young mother accused of murdering her two-year-old daughter using duct tape and chloroform received a not guilty verdict on first-degree murder charges yesterday. And a question arises: Where will Casey Anthony go?

Casey Anthony apparently wasn’t set on what to name her daughter, papers she penned in prison show.

Transportation stocks were among the standouts in another flat session for U.S. equities on Wednesday, and the sector's rally could be cause for optimism ahead.

Facebook talks about the new Google social network, while introducing a new service.

A FINRA securities industry arbitration panel ordered a former Morgan Stanley Smith Barney broker to pay the firm nearly $1 million for breaching the terms of a promissory note.

President Barack Obama holds a town hall webcast on the economy and jobs on Twitter on Wednesday, but his answers are likely to be longer than the average tweet.

A man accused of hacking into AT&T Inc servers and stealing personal data belonging to 120,000 Apple Inc iPad users was indicted on Wednesday, two weeks after a co-defendant pleaded guilty.

Pyeongchang, Korea, was announced as the host city for the 2018 Olympic Winter Games today - a crushing victory over rivals Munich of Germany and Annecy of France in the International Olympic Committee (IOC) vote in Durban. After two failed attempts for 2010 and 2014, Pyeongchang will mark the first Winter Games in Asia outside of Japan

Pyeongchang, Korea, was announced as the host city for the 2018 Olympic Winter Games today - a crushing victory over rivals Munich of Germany and Annecy of France in the International Olympic Committee (IOC) vote in Durban. After two failed attempts for 2010 and 2014, Pyeongchang will mark the first Winter Games in Asia outside of Japan

If the bankruptcy court approves of its plan, the company's shareholders will not be entitled to any payment or property for their stock, Borders said.

The government's Pacific Northwest National Laboratory shut down Internet access to the facility after it suffered a cyber attack.

Angelina is Hollywood's highest paid actress, but that's not all the pouty-lipped beauty has going for her. She's also a mom of 6, a producer and a UN Ambassador.

Republicans tried to send a direct message to President Barack Obama during his first-ever Twitter town hall by crashing the event with a flurry of comments on the social networking site.

Here is a look at some of the videos of the Phoenix Dust Storm.

U.S. stocks were mostly flat on Wednesday as strength in transportation names helped offset a downgrade of Portugal's credit rating, which pressured banking shares.

Two groups of millionaires are fighting, but it's the fans of professional basketball who are already losing.

Verizon Wireless, the biggest U.S. mobile provider, will stop offering customers unlimited data service plans on July 7, meaning higher prices for heavy users of services such as mobile Web surfing.

Apple Inc has filed a U.S. trade complaint to block Samsung Electronics Co from importing a variety of electronic devices, less than one week after Samsung sought to stop imports of Apple's popular iPads and iPhones.

The next and more probable date of Lion's release is July 14, according to 9to5Mac.

British fertility researchers developed a more accurate way to predict which pregnancies have more chance to end in miscarriage and say it could help doctors target a treatment to women.

Apple plans to ship 25 million iPhone 5s by the end of the year.

Slow economic growth, skittish trading clients and regulatory worries that just won't go away -- the second quarter has been a punishing one for Wall Street's top investment banks and their shareholders.