IBT Staff Reporter

CME Group Inc unveiled a plan that would slash costs for interest-rate traders to shore up its key Treasury futures franchise ahead of an imminent challenge from NYSE Euronext .

The U.S. government owes nearly a third more money to China than previously thought, the Treasury Department said on Monday as it revised Beijing's December holdings of U.S. Treasury debt sharply higher to $1.160 trillion.

CHARLESTON, South Carolina (Reuters Life!) - Workers at a Google data center combined 12 century know how and space age technology to trigger a medieval weapon that was used to hurl rocks, balls of fire and dead animals over castle walls.

General Motors Co's mostly electric Chevy Volt turned in a lackluster performance for efficiency in its first series of road tests by product raters at Consumer Reports.

Europe's biggest telecom and entertainment group Vivendi is seen posting higher 2010 sales and adjusted net profit on Tuesday thanks to video-game unit Activision Blizzard and emerging-markets growth.

A trade panel judge ruled for South Korean chipmaker Samsung Electronics Co Ltd in its battle with Spansion Inc over flash memory chips, the International Trade Commission said on Monday.

Global oil and gas companies still need to do more to help stamp out corruption in the countries where they operate despite improvements in their anti-corruption programs, a report said on Tuesday.

The United States owes considerably more money to China than previously reported, the Treasury Department said on Monday as it revised Beijing's holdings of U.S. Treasury debt sharply upward to $1.160 trillion.

The United States on Monday again put China's top search engine, Baidu Inc, on its annual list of notorious markets for counterfeit and pirated goods, fueling U.S. business community hopes for action in Congress against rogue websites.

Citigroup Inc could write down some $5 billion to $10 billion in expected future tax benefits if the United States decreases corporate tax rates, veteran banking analyst Mike Mayo estimated on Monday.

A former executive at Colonial Bank, which collapsed in part because of its close ties to the now-bankrupt Taylor, Bean & Whitaker Mortgage Corp, is expected to plead to criminal charges on Wednesday.

Corrects spelling of head of consumer banking's last name, paragraph 6

General Motors Co's mostly electric Chevy Volt turned in a lackluster performance for efficiency in its first series of road tests by product raters at Consumer Reports.

Ventas Inc is to buy Nationwide Health Properties for $5.8 billion in a stock deal that strengthens its position as the biggest U.S. owner of senior housing and assisted living facilities.

Shortly after the 3DS 's launch, hackers have modified the console to play pirated DS titles.

NEW YORK - BP Plc's fund to compensate victims of the worst oil spill in U.S. history is facing lawsuits in Florida and Louisiana state courts, in which victims are seeking to undo agreed settlements or recover more money.

A U.S. regulator charged three former directors of a military contractor with involvement in a massive accounting fraud, after a jury had convicted the company's founder of orchestrating the $190 million scheme.

East Asia's economy may need to slow to address inflationary pressures but the region will likely continue to lead the globe in economic activity, World Bank Chief Economist Justin Yifu Lin said on Monday.

With the 83rd Annual Academy Awards coming to an end, awards season is slowly wrapping up. The lights at the Kodak Theatre in Los Angeles have been turned off, and the winners have taken their golden statue home with them.

The small earthquakes that struck north central Arkansas could be from a combination of natural and human activity.

Former Wells Fargo & Co Chief Financial Officer Howard Atkins received zero shares under the bank's long-term stock bonus program for 2011, the company disclosed on Monday.

Mutual fund manager Bruce Berkowitz got a big victory in his quest to shake up money-losing Florida landowner St Joe Co , winning the resignation of its chief executive and gaining a majority on its board of directors.

Gold was little changed near $1,410 an ounce on Monday but notched its biggest monthly gain since August as chaos in Libya and rising tensions across the Middle East prompted investors to buy the metal as a safe haven. The US dollar lost its status and is at November lows.

Members of the music industry are calling on artists such as Beyoncé, Mariah Carey, Usher and 50 Cent to donate to charity the money they made performing at private parties for members of Moammar Gaddafi's famil

Buy Gold and Silver Safely provides those answers by explaining why gold and silver need to be a part of everyone's portfolio, and helping people learn about buying or selling gold and silver... the safe way.

Libya was cut off from the Internet on the weekend of Feb. 19, but since then traffic in and out of the country is near normal.

Throughout history, gold has been a safe haven in times of political and economic crisis. Right now, gold's fundamentals are remarkably strong, says veteran commodities market analyst James DiGeorgia. In fact, gold is poised to boom-reaching, DiGeorgia predicts, as high as $2,500.

U.S. consumer spending barely edged up in January as households took advantage of tax cuts to rebuild their savings, suggesting spending would offer only a modest lift to the recovery in the first quarter.

A U.S. regulator charged three former directors of a military contractor with involvement in a massive accounting fraud, after a jury had convicted the company's founder of orchestrating the $190 million scheme.