IBT Staff Reporter

Ally Financial has filed to offer shares to the public in a first step for the U.S. government to sell down its majority stake in the former General Motors credit arm.

Former Berkshire Hathaway executive David Sokol's trading in Lubrizol shares as he pitched the company to Warren Buffett is a blurring of personal and professional profit-seeking that could attract a hard look from regulators.

Planemaker Boeing received at least $5.3 billion of illegal U.S. subsidies, the World Trade Organization said on Thursday in a dispute that shows no signs of an end to years of inconclusive wrangling.

General Electric Co went on the defensive on Thursday over a report it paid no income taxes in 2010, unapologetically saying it seeks to reduce what it owes, but expects to pay more this year.

Some pedestrians in Maryland are being warned a bus is turning at the street corner -- by the bus itself.

A fake app for the Android OS not only steals user's data, it humiliates them in the process.

The Finn is taking aim at the Japanese company over comments Nintendo President Satoru Iwata said about the smartphone game business.

Honda Motor Co <7267.T> and Mazda Motor Corp <7261.T> on Thursday became the latest major automakers to say they would resume some production in Japan after halting plant operations following the earthquake and tsunami of March 11.

Taiwan's Acer, the world's No. 2 PC vendor, replaced its chief executive in a surprise move on Thursday, barely a week after it gave a downbeat outlook that wiped more than $1 billion off its market value in four days.

Raj Rajaratnam did not pick stocks alone. He had a team of researchers at his Galleon Group hedge fund to grind through the rumor mill and anticipate a good bet.

A European bank that was later exposed to the Madoff scandal and an Arab company now majority-owned by the Libyan central bank were among an odd assortment of firms that dug deep into the U.S. Federal Reserve's coffers as the financial crisis exploded in 2008.

The company is phasing out the technology in favor of near-field communication, which would offer much of the same functionality of QR codes but with increased efficiency.

Microsoft says the 11,500 apps on Windows Phone 7 are all quality and the company isn't padding statistics.

American International Group reorganized its biggest unit and charged derivatives veteran Peter Hancock with turning around the struggling property and casualty business.

The maker of the virus software that fingered a harmless foreign language support file as a Samsung-installed keylogger apologized to the company, and to users.

Oil prices jumped to their highest close in 2-1/2 years on Thursday in thin end-of-quarter trading that left Brent near a record quarterly rise of more than $22 as Libya's conflict and Middle East unrest kept supply threats in focus and U.S. economic data added lift.

The number of Americans claiming unemployment aid fell last week and factory employment in the U.S. Midwest hit a 27-year high in March, more signs that an improvement in the labor market is under way.

U.S. stocks ended a solid quarter with the barest of moves on Thursday, as investors looked ahead to Friday's U.S. jobs report to provide a catalyst to push indexes to new highs for the year.

United Auto Workers membership rose for the first time in six years in 2010, helped by a recovering U.S. auto industry and expanding to include workers outside that industry, the UAW said in a federal filing on Thursday.

While Katy Perry's video for E.T. featuring Kanye West won't premiere until Thursday night on television, the pop star already posted a link to the video online via her Twitter account.

A Memphis county official has opened an online museum of case files, personal correspondence and little-seen black-and-white images chronicling the jail time of James Earl Ray, who killed civil rights leader Martin Luther King Jr. 43 years ago this Monday.

Microsoft Corp stepped up its rivalry with Google Inc, claiming in its first-ever complaint to antitrust regulators that Google systematically thwarts Internet search competition.

Billboard is reporting that Rob Patterson is producing a track for Charlie Sheen's upcoming one-man-show tour and that rapper Snoop Dogg will guest on the track.

Actor Burt Reynolds’ former Beverly Hills home is on the market for $10.9 million.

Even as Tokyo Electric Power Company acknowledged that it will decommission four of the six nuclear reactors at the Fukushima Daiichi nuclear plant, there is still the problem of a massive cleanup.

The U.S. futures regulator must swallow its pride and ask Congress for a delay in implementing derivatives regulations, some lawmakers and businesses said on Thursday as they criticized the agency for moving too fast.

The company is hoping that Taiwanese firms can fill the void left by Japanese companies.

Acer CEO and President Gianfranco Lanci steps down from his role; wanted to focus on tablets, Acer board wants to stick with PCs.

Former Berkshire Hathaway executive David Sokol on Thursday said he has invested in companies he then recommended for acquisition in the past, a day after Berkshire disclosed Sokol pushed Lubrizol Corp to Warren Buffett after investing in it.