IBT Staff Reporter

Government regulations allow entry of foreign players in the solar panel manufacturing market in India only if they set up local facilities in joint ventures with domestic manufacturers.

Securities regulators on Wednesday will move to scale back markets' reliance on credit rating agencies, after the financial crisis laid bare the industry's shortcomings.

Asian shares fell on Wednesday after China's latest interest rate rise, but government bond yields rose and the dollar and Swiss franc eased as investors bet Beijing's policy tightening would not derail hopes of a sustained economic recovery.

General Motors Co may pay its U.S. hourly workers at least $3,000 each as a share in profit, after the automaker returned to profitability in 2010, the Wall Street Journal said, citing people familiar with the matter.

U.S. FDA says certain patients receiving the new Revo MRI SureScan Pacing System can safely have an MRI exam.

The US Food and Drug Administration FDA on Tuesday approved the first pacemaker system -- produced by medical device giant Medtronic Inc and designed to be used safely during certain magnetic resonance imaging (MRI) exams.

Wall Street will look to see if three is a charm for Coca-Cola's North American sales when the world's top soft drink maker posts earnings on Wednesday.

The Federal Communications Commission will launch an initiative on Wednesday to spur broadband deployment by reducing regulatory barriers.

Wells Fargo & Co's chief financial officer will retire after taking nearly a half year of unpaid leave and will be replaced by the bank's administrative chief.

US top military officials on Tuesday unveiled the National Military Strategy, the first revision since 2004 and calls for redefining leadership in a changing world.

Facebook, the world's largest social-networking site, will open a sales office in Hong Kong, in a move to tap the region's booming Internet scene, local media reported on Wednesday.

Shares in Asian developed markets rose and the dollar and Swiss franc eased on Wednesday as investors bet that China's latest interest rate rise would not derail hopes of a sustained economic recovery.

Harry & David Holdings Inc, the mail-order food company known for its fruit baskets and Moose Munch snacks, said on Tuesday it may go out of business unless it can agree with creditors on a plan to restructure its debt.

A government probe cleared Toyota Motor Corp's electronics of causing unintended acceleration, a big victory for the world's top automaker as it seeks to recover from the hit it took over runaway vehicle accidents.

Walt Disney Co reported stronger quarterly profit and revenue, aided by a hefty rise in advertising sales at its ESPN cable sports channels and a strong showing from its parks and resorts division.

After years of asking investors for patience, exchange operator NYSE Euronext says 2011 will be the year that things finally come together.

U.S. communications regulators proposed new rules on Tuesday that they say will help bring broadband to all of rural America.

Health regulators are seeking to speed up their reviews of promising medical devices and boost research for new technologies in hopes of getting novel products to market faster.

Explosions triggered a massive fire at Enterprise Products Mont Belvieu, Texas, plant at about 12:15 p.m. local time, according to local media reports on Tuesday.

Two senior U.S. congressional Republicans said on Tuesday they were troubled by reports of computer hacking attacks on trading systems run by Nasdaq OMX Group Inc and asked for some answers.

Two top Federal Reserve officials said on Tuesday they expect the central bank's $600 billion bond purchase program to run its full course, while a third said the central bank should seriously consider scaling it back.

A U.S. investigation into allegations of insider trading in the $1.9 trillion hedge fund industry for the first time ensnared two former employees of billionaire trader Steven A. Cohen's SAC Capital Advisors.

Walt Disney Co reported a better-than-expected 54 percent surge in profit, reflecting an improving economy that got consumers traveling to its theme parks and businesses buying up ad time on its TV networks.

Two senior congressional Republicans on Tuesday said they were troubled by reports of computer hacking attacks on trading systems run by Nasdaq OMX Group and asked for some answers.

Calpers sued a group of ex-Lehman executives and underwriters, alleging it bought over $700 million in bonds and Lehman stock without knowing the true condition of the now-bankrupt financial company.

Senior U.S. lawmakers demanded answers on Tuesday from regulators and financial exchange operators about computer hacking attacks.

After nearly two decades as an elected public official in Washington, centrist Rep. Jane Harman, D-CA, said Tuesday she would promote a bipartisan dialogue at her new job as head of a think tank.

Seven-year-old Facebook is already fast outgrowing its Silicon Valley abode.

A U.S. government investigation showed no link between electronic throttles and unintended acceleration in Toyota Motor Corp vehicles, a victory for the world's top automaker battered by recalls over runaway vehicles.