IBT Staff Reporter

Wall Street banks clamor to underwrite stock for social media companies like LinkedIn and Twitter, but the online networking sites are largely off limits to the banks' financial advisers.

The GOP plan to overhaul Medicare, proposed by Wisconsin Republican and chairman of the House Budget Committee Paul Ryan, plans to replace the existing Medicare system, which is headed for insolvency by 2024, with subsidies to help seniors pay for private health insurance. How deadly is it for the GOP and for voters?

New orders for U.S. manufactured goods posted their largest drop in six months in April after a steep fall in demand for transportation equipment, suggesting some cooling in factory activity.

Stocks rose modestly on Wednesday after days of selling produced a technical rebound and investors were lured by attractive share prices.

Fifty years later, JFK's moon speech still holds up.

Tune in for live coverage of the very last episode of The Oprah Winfrey Show.

Mark Haines, who joined CNBC in 1989, died unexpectedly Tuesday night while at home, CNBC said.

Google's long awaited mobile wallet or Near Field Communication (NFC) enabled smartphones which will make processing payments with a mere wave of the phone near a point-of-sale a reality is due to be unveiled on Thursday.

Geoscientists at the British Geological Survey group asked members of the public for help on Wednesday with observations of volcanic ash from the eruption of the Grimsvotn volcano in Iceland.

Rental real estate can generate non-cash losses through depreciation of its building and improvements as well as accruing interest on mortgages it may have. If the property is owned by a limited partnership these losses are passed through to the individual partners in the partnership on their K-1.

Here is a look at celebrities who have stopped by The Oprah Winfrey Show.

Microsoft's new Windows Phone platform won instant support from major manufacturers on Wednesday when China's ZTE and Taiwan's HTC Corp pledged to launch smartphones running the software.

Skype founder Niklas Zennstrom said Microsoft could capitalize on its $8.5 billion acquisition of the Internet calling service by expanding into mobile and improving video call quality.

Oil turned higher on Wednesday with Brent crude climbing above $113 a barrel after weekly U.S. government inventory figures an unexpected draw in stocks of distillates, which include heating oil and diesel

ZTE Corp, China's No.2 network equipment maker, plans to launch LTE devices in the United States along with smartphones based on Microsoft's Mango operating system to expand its U.S. footprint.

From car giveaways to coming-out revelations, some of the most memorable moments on television over the last 25 years have been on The Oprah Winfrey Show. Here are the top 10.

Oprah Winfrey media mogul, talk show host and considered to be the most influential woman on U.S. Television is due to take a bow as the last episode of The Oprah Winfrey Show draws to an end.

NASA has decided to cease communications with the rover Spirit today, ending a seven-year mission that was supposed to last 90 days.

According to the press center of the University of Buffalo, school president Satish K. Tripathi on Tuesday offered a proposal to state leaders, revised 2020 Challenge Grant program. This plan calls to support a $375 million project to relocate UB's medical school to downtown Buffalo.

As the risk of severe thunderstorms continues following tornadoes in the MidWest and South over the past few days, a new compilation of impact in 2011 finds that nearly 500 people have been killed and about 1,000 twisters have struck so far.

Wall Street stocks were set for a lower open on Wednesday after weaker-than-expected manufacturing data added to evidence the U.S. economy's recovery was slowing.

LONDON, May 25 - European banks remain saddled with almost 100 billion euros of Greek government debt they can't sell, hedge or ignore, after a number of recent deals to offload the exposure to reduce the impact of a possible default ended in failure, according to bankers involved.

New orders for long-lasting U.S. manufactured goods recorded their largest decline in six months in April as aircraft and motor vehicle bookings tumbled, indicating the economy remained stuck in a soft patch.

Shares of American International Group Inc fell more than 3 percent on Wednesday after the insurer and the U.S. Treasury sold $8.7 billion worth of stock.

British spirits giant Diageo is to split up its international region into Africa and Latin America in a policy to focus more resources on fast growing emerging markets and away from some mature markets.

Online retailer Amazon said on Wednesday it would open a customer support center in Edinburgh to provide technical support for its market-leading Kindle device, creating 500 permanent and 400 temporary jobs.

Two Endeavour astronauts have completed the mission's third spacewalk.

According to the San Diego Police Department, some evidences suggested a murder-suicide instead of murder. The note written by the father was found in the house, which explained about financial crisis and the way to share the family's property. The police department presumes that the husband killed both his wife and two daughters and committed suicide after.

What is in the sandwich-spread Marmite that has the Danish government cracking down its sale?