IBT Staff Reporter

A Malaysian man accused of hacking into a Federal Reserve computer server pleaded guilty to possessing stolen credit and debit card numbers that the government said he intended to sell.

Lehman Brothers Holdings Inc on Wednesday agreed to put creditors' competing restructuring plans on the same timeline for court approval as its own plan, but reserved the right to raise future objections.

Internet advertising revenue jumped 15 percent to $26 billion in 2010, setting a record high and proving that more companies are opening up their coffers to reach people online.

NYSE Euronext and Deutsche Boerse AG are weighing several options to win support for their $10.2 billion deal, including paying special dividends to shareholders, three sources briefed on the matter said on Wednesday.

Commodities giant Glencore is set to launch a roughly $10 billion public offering on Thursday, when it outlines plans for a May market debut that will make multi-millionaires of its partners and boost its deal-making capacity.

U.S. Internet advertising revenue jumped 15 percent to $26 billion in 2010, setting a record high and proving that more companies are opening up their coffers to reach people online.

A prosecutor took a combative tone with a key defense witness at Raj Rajaratnam's insider trading trial on Wednesday, trying to poke holes in arguments that the Galleon Group founder's trades were based on research and published reports.

The U.S. economy continued to improve over the past month on gains in manufacturing but firms are feeling the effects of higher energy and raw material costs, the Federal Reserve said on Wednesday.

JPMorgan Chase & Co said its total outstanding loans shrank for the fourth consecutive quarter, raising questions about the banking industry's ability to boost profit in coming years.

Much of the effort at equipping the next iteration of the iPad with WiFi syncing comes from Steve Jobs himself, who is pushing hard for the technology.

Dutch chip equipment maker ASML, a bellwether for the European tech sector, said some customers were holding back on confirming orders because the Japan quake had disrupted their supply chain.

President Barack Obama on Wednesday proposed spending cuts for the years ahead that are much smaller than the Republican proposal a week ago. Obama called for $2 trillion in reduced spending over the next 12 years. House Republicans last week proposed $5.8 billion in cuts to federal spending over the next 10 years.

Politicians from Texas, Ohio are angry they were passed over by NASA for the retiring space shuttle's final landing spot.

The 3.2-inch, 3.2-megapixel camera-equipped smartphone is designed to take advantage of AT&T's prepaid plan.

U.S. Internet advertising revenue jumped 15 percent to $26 billion in 2010, setting a record high and proving that more companies are opening up their coffers to reach people online.

Zoom Technologies Inc signed a licensing pact with chipmaker Qualcomm Inc, allowing the Chinese mobile phone maker to develop and sell 3G devices using Qualcomm's chip patents, sending its shares soaring as much as 64 percent.

Microsoft's Joe Belfiore talks about some of the problems the OS had with updates.

Revealed at this year's MIX conference, the announcements are mostly focused on how developers themselves will be able to take advantage of the operating system's new features.

U.S. stocks finished mostly flat in a choppy session on Wednesday, as investors bet on strong technology earnings even as JPMorgan Chase's numbers weighed on other market sectors.

The 41-year-old actress and judge of American Idol topped the magazine's list of most attractive humans, beating out other beauty sensations such as Halle Berry, Jennifer Garner and Beyoncé Knowles.

The chief executive officer of Exxon Mobil Corp , the world's largest publicly traded oil company, received $29 million in total compensation in 2010, a 6.6 percent increase from the previous year, a regulatory filing showed on Wednesday.

Iceland's credit ratings could be downgraded into junk debt status after its voters rejected a deal to repay Britain and the Netherlands for losses from a banking crash, Standard & Poor's said on Wednesday.

It all starts with Walmart 101.Companies trying to sell goods to Wal-Mart Stores Inc often find it difficult to figure out the best ways to work with the world's largest retailer, as each buyer has his or her own style and there are vast amounts of sales data to decipher.

Europe is renewing its push for the United States to ease restrictions on foreign ownership of airlines, arguing that access to a steady stream of capital remains a top industry concern.

U.S. stocks rose in a choppy session on Wednesday, with JPMorgan's results weighing on financial shares, while the technology sector outperformed as strong earnings enticed investors.

News of the Wii's price cut may be confirmation that Nintendo plans on announcing the console's successor soon.

President Barack Obama on Wednesday proposed a four-step plan to reduce the federal deficit by $4 trillion over the next 12 years and called on negotiations involving Congress and the White House to begin in May.

JPMorgan Chase & Co reported tepid corporate loan growth in the first quarter, raising questions about the banking industry's ability to boost profit in coming years.

U.S. bank regulators announced pacts with the largest home lenders over allegations of shoddy foreclosure practices, jumping ahead of a states-led probe and leaving the amount of fines until later.