IBT Staff Reporter

Raj Rajaratnam wanted to conquer the stock market at the expense of the law, a prosecutor said in closing arguments of the hedge fund manager's insider trading trial on Wednesday.

The ice that lies in the Canadian Arctic may play a larger role in sea level rise than anyone thought.

AT&T says even without having an exclusive deal on the iPhone, it gained subscribers in the first quarter.

Verizon Wireless is still evaluating whether or not it will distribute the PlayBook tablet computer from Research In Motion, the biggest U.S. mobile operator said on Wednesday.

Most U.S. adults favor a mix of federal spending cuts and higher taxes on wealthier taxpayers to reduce the nation's budget deficits, a new poll finds.

A U.S. appeals court upheld on Wednesday a finding that EchoStar Corp was in contempt of a patent infringement injunction involving TiVo Inc technology, raising hopes the long legal battle could end with a TiVo victory.

Big earnings surprises gave a positive turn to investor sentiment on Wednesday, propelling U.S. stocks to their best day in a month and lifting the Dow industrials to their highest in almost three years.

Apple Inc is expected to report another spectacular quarter on Wednesday, tempered by growing caution over how supply constraints will squeeze margins and restrain iPhone and iPad sales.

Gold rose above $1,500 an ounce on Wednesday for the first time ever as the dollar wilted, oil rose, worries over the U.S. economic outlook boosted demand for the metal as a haven and rising inflation lifted Asian demand.

Boeing Co said it would fight a National Labor Relations Board complaint originally lodged by one of its labor unions that challenges the aircraft maker's 2009 decision to establish a second assembly line in South Carolina for the 787 Dreamliner.

iPhone owners are being tracked by their smartphones, two researchers have discovered.

Wells Fargo & Co , the fourth-largest U.S. bank, posted higher quarterly profit, but its results were shaped by the same trends as most of its rivals, which is unusual for a bank known for outsmarting competitors.

Oil prices rallied 3 percent on Wednesday as U.S. crude oil inventories fell for the first time in seven weeks and the dollar weakened further, fueling investor appetite for riskier assets.

American International Group Inc will transfer its troublesome asbestos risk to Berkshire Hathaway Inc , relieving it of a book of business that has cost it billions of dollars, the bailed-out insurer said on Wednesday.

Wells Fargo & Co , the fourth-largest U.S. bank, posted a decline in revenue, and shares fell 4.9 percent as a bank known for outsmarting rivals turned in an average performance.

Strong profits and outlooks from tech and manufacturing companies propelled U.S. stocks higher on Wednesday, delivering the biggest lift to sentiment since quarterly earnings reports began a week ago.

Home resales volumes bounced back in March, a hopeful sign for recovery in the housing market, but prices continued to decline.

The cast of MTV's Jersey Shore may be headed to Italy, but they are getting a long list of rules to bring along.

To celebrate Hubble Telescope's astronomers at the Space Telescope Science Institute in Baltimore pointed Hubble's eye at a pair of interacting galaxies called Arp 273.

Sales of previously owned U.S. homes rose more than expected in March, a trade group said on Wednesday, raising cautious optimism a recovery may be in sight for the housing market.

U.S. prosecutors agreed on Wednesday to allow two of the three Internet gambling companies named in a $3 billion fraud suit to reopen their websites, partly to let customers withdraw their money.

A pair of top U.S. manufacturers topped Wall Street's profit expectations, as a recovering global economy drives demand for products ranging from air conditioners to truck transmissions.

Strong profits and outlooks from tech and manufacturing companies propelled U.S. stocks higher on Wednesday, delivering the biggest lift to sentiment since quarterly earnings reports began a week ago.

Bernard Madoff -- the architect of history's biggest Ponzi scheme -- and Gary Ridgway - the Green River killer -- would seem to have little in common aside from being branded as monsters in the tabloids.

Apple's next-generation iPhone will have a faster processor and will begin shipping in September, three people with direct knowledge of the company's supply chain said.

In what officials admit is a major breach of security, a document describing design features intended to make a new Defense Department building bomb-resistant has been posted on a public government website.

AT&T Inc survived the loss of its exclusive U.S. rights to sell the Apple Inc iPhone.

Fiat SpA is pushing ahead with plans to get 51 percent of U.S. No.3 carmaker Chrysler, a goal that boss Sergio Marchionne defined on Wednesday as happiness for the Italian car maker.

Amazon announced today that it will bring eBook lending to 11,00 U.S. libraries later this year.