IBT Staff Reporter

Two Republican lawmakers are probing a decision by the U.S. Securities and Exchange Commission to let the agency's top lawyer handle matters concerning Bernard Madoff, even though his deceased mother had invested with the swindler.

With the software, users would have access to the same information that developers do.

Oxus Gold (OXS.L) laid the ground for a legal battle with the government of Uzbekistan over the future of its ill-fated investment in the central Asian state, wiping out more half of its market value on Thursday.

Gold fell nearly 1.5 percent on Thursday, snapping a four-day winning streak as indications the European Central Bank may raise interest rates to battle inflation dented bullion's investment appeal.

Following Nelly Furtado's initiative, singers Beyoncé and Mariah Carey said they will each return the $1 million they received for performing for Libya dictator Moammar Gaddafi's family.

Former House Speaker Newt Gingrich is testing support for a presidential run.

The European Central Bank will raise interest rates next month, according to a firm majority of economists polled by Reuters after its president said the bank will exercise strong vigilance over inflation.

Johnson Controls Inc., the Wisconsin-based automotive interiors giant, came out on top on the most recent list of the 100 best corporate citizens in America.

Investors betting on a big gain in U.S. payrolls pushed Wall Street to its best one-day rally in three months on Thursday, but weak volume lingers as a concern for those hoping for another leg higher.

A week after blocking Breakup Notifier, Facebook has restored the popular application.

New Bing based website brings deals from Groupon, Living Social and others to one single platform.

Europe's EADS is poised to concede defeat in a decade-long battle with Boeing Co by deciding not to appeal a $30 billion U.S. tanker contract, sources familiar with the matter said.

A judge postponed a hearing on a $1.1 billion bid for bankrupt satellite company DBSD North America as it considers a rival bid.

The Ivory Coast star will be inactive indefinitely

Sheen joined the social networking site Tuesday night and the number of people following him has skyrocketed. As of Thursday afternoon, Sheen has more than 1,275, 000 followers.

Bill Gross, co-chief investment officer of PIMCO, the world's biggest bond fund manager, on Thursday urged lawmakers to cut the massive federal deficit but not so swiftly as to choke off the nascent U.S. economic recovery.

President Barack Obama said on Thursday the United States and Mexico had agreed on a way to solve a long-simmering cross-border trucking dispute that has hurt trade between the two neighbors.

Investors betting on a big gain in U.S. payrolls pushed Wall Street to its best one-day rally in three months on Thursday, but weak volume lingers as a concern for those hoping for another leg higher.

President Barack Obama said on Thursday the United States and Mexico had agreed on a way to solve a long-simmering cross-border trucking dispute that has hurt trade between the two neighbors.

Stocks were up solidly on Thursday as investors were convinced the latest batch of economic data and falling oil prices could be strong catalysts to move the market higher.

SAP AG has been ordered to pay Oracle Corp $1.3 billion for stealing files in Silicon Valley's priciest legal controversy -- and San Francisco's top federal prosecutor may raise the stakes even more.

The DreamWorks studio has optioned movie rights to a pair of books about WikiLeaks founder Julian Assange and his controversial Website that is bent on revealing government secrets, company officials said on Thursday.

For two years sunspots nearly disappeared. Now a team of researchers may have found where they went.

Top retailers posted stronger-than-expected sales gains for February, a show of strength that could dissipate this spring as rising gasoline and food prices take their toll.

The services sector grew at a slightly faster pace in February to another five-year high, according to an industry report released on Thursday.

U.S. stocks were up solidly on Thursday as investors were convinced the latest batch of economic data and falling oil prices could be strong catalysts to move the market higher.

A 350-year-old notebook which documents the trials of women convicted of witchcraft in England during the 17th century has been published online.

Small U.S. firms began creating jobs in February after years in which employment was shrinking, the National Federation of Independent Business said on Thursday in the latest sign of firming job markets.

A week after updates rendered certain Window's Phone 7 devices inoperable, Microsoft has resumed updates.