IBT Staff Reporter

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Obama's Immigration Push Triggers Skepticism of 2012 Election Ploy

President Barack Obama's push for comprehensive changes to the nation's immigration laws that would allow more than 11 million people in the country illegally to remain in the country was met with skepticism by Arizona's governor, who said it would be a shame if it was a ploy to get votes in the 2012 presidential election.

Rating agencies win dismissal of lawsuits

The three major U.S. credit rating agencies won the dismissal of lawsuits seeking to hold them liable as underwriters for helping banks structure securities transactions to achieve desired ratings.

BofA working through mortgage problems: CEO

Bank of America Corp is working to improve profits by reducing its number of problem mortgages and cutting other expenses, Chief Executive Brian Moynihan told shareholders on Wednesday.

Republicans seek changes to SEC whistleblower rule

U.S. House Republicans are mounting a last-ditch effort to influence a corporate whistleblower rule that companies fear will drive cash-hungry tipsters directly to the government, undermining internal compliance programs.

Greeks strike over cuts, EU goes slow on new aid

Greek police clashed with stone-hurling youths and thousands protested against austerity in Athens on Wednesday as EU and IMF envoys began talks with the government on stepping up fiscal reforms.

Greeks strike as EU and IMF start key visit

Police fired tear gas at dozens of youths hurling stones in central Athens on Wednesday and a strike against austerity brought much of Greece to a halt during talks on the next slice of a bailout package.

EU goes slow on new aid, Greeks strike over cuts

EU finance ministers will discuss Greece's debt crisis next week but will not decide on new emergency aid until a mission to strike-hit Athens that began on Wednesday gives its verdict on progress on reforms.

Yahoo shares slide on Alipay restructuring

Yahoo shares fell as much as 8.6 percent on Wednesday after the controller of Alibaba Group, which includes China's largest e-commerce company Alibaba.com <1688.HK>, took full control of Alipay, a Chinese online payment business.

Sony repeats apology for PlayStation Network shutdown

Sony has repeated its apology for shutting down of PlayStation Network after it got hacked and hackers stole user information possibly including names, emails and credit card numbers 3 weeks ago. Meanwhile, PSP and PlayStation3 users still cannot use PlayStation Network.

Visa to launch digital wallet for U.S. banks

Visa Inc, the world's largest credit and debit card processing network, is building a digital wallet that people can use to pay for things online or with their phones instead of with traditional cards.

Sweeping guilty verdict against Rajaratnam

Galleon Group hedge fund founder Raj Rajaratnam was found guilty of 14 securities fraud and conspiracy charges on Wednesday, in a vindication for the government's use of aggressive tactics in prosecuting insider trading on Wall Street.

Is Katie Holmes pregnant?

This week's cover story of OK! Magazine dons a photo of Katie Holmes with the words Yes, I'm Pregnant loudly displayed on the page.

Navy Changes Course: Will Not Allow Same-Sex Weddings On-Base

Navy officials have retracted guidance that would have allowed chaplains to perform weddings for same-sex couples in some states. The retraction follows expressions of outrage by some members of Congress at the release of an April 13 memo on don't ask, don't tell repeal training.

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