IBT Staff Reporter

The S&P 500 suffered its biggest decline in nearly two months on Wednesday as disappointing results from Goldman Sachs and Wells Fargo put a damper on the rally.

Another gunfire incident has rocked Los Angeles area schools. A police officer wearing a bullet proof vest was shot but the bullet did not penetrate his body, local reports say.

200 dead cows were discovered in a field of Portage County, Wisconsin on Friday. The dead Cows were disposed using semi-trucks.

Swiss police on Wednesday arrested former banker Rudolf Elmer on fresh charges of breaching Swiss bank secrecy law for giving data to WikiLeaks, hours after he was found guilty of another secrecy offense.

Options traders appeared to be taking a bearish stance on eBay Inc ahead of its earnings report after the bell on Wednesday.

While Chinese President Hu Jintao is being entertained by U.S. President Barack Obama, and the U.S. House of Representatives votes to repeal the Obama administration’s healthcare reform law, both U.S. healthcare and Sino-American relations are the main components today of a less highly publicized event.

Lehman Brothers Holdings is demanding that Bank of America return an additional $9 million on top of $500 million it has been ordered to repay by a bankruptcy judge.

Goldman Sachs Group Inc posted a 53 percent decline in fourth-quarter profit as trading revenue tumbled, dashing hopes that the Wall Street bank had bucked a tough trading climate in debt markets.

The S&P 500 suffered its biggest decline in nearly two months on Wednesday as disappointing results from Goldman Sachs and Wells Fargo put a damper on the rally.

ATLANTA, Jan 19 - A U.S. high-school librarian could face criminal charges for conducting online research while she was a juror in a capital-murder trial.

Tom Hardy will play Bane in the next big screen Batman flick.

Wells Fargo and US Bancorp said lending profits are being squeezed by low interest rates, but improving credit quality helped both banks post higher-than-expected fourth-quarter earnings.

Recent evidence a U.S. economic recovery may be gaining traction has led economists to raise their forecasts for the pace of growth in the world's largest economy, according to a Reuters poll released on Wednesday.

Wells Fargo and U.S. Bancorp said lending profits are being squeezed by low interest rates, but improving credit quality helped both banks post higher fourth-quarter earnings.

(Corrects first paragraph to show both Wells Fargo and U.S. Bancorp posted higher, not higher-than-expected, earnings)

Women who are qualified to serve in combat should be allowed to do so, according to a nonpartisan commission tasked with promoting equal opportunity in the U.S. military services.

(Corrects first paragraph to show both Wells Fargo and U.S. Bancorp posted higher, not higher-than-expected, earnings)

The two time defending champion LA Lakers, with 2nd best record in the West (31-12), will visit the Mavericks tonight at 9pm EST.

American Airlines parent AMR Corp posted a smaller-than-expected quarterly loss on a 10.3 percent revenue increase as the company aimed to control fuel and labor costs.

The International Monetary Fund is running a health check of top banks in Britain, Germany and three more countries just as Europe hammers out details of its own tougher industry stress test.

Although there were no lines of eager customers forming outside computer stores in Tehran on the day that Apple's iPad was introduced to the world last year, the tablet computer -- the newest global must-have gadget -- has quietly appeared in Iranian shops, despite tightened sanctions.

American Express Co said on Wednesday that severance costs and other charges related to shutting down customer service centers would reduce fourth-quarter earnings.

Scientists have moved a step closer to creating ultra-fast quantum computers by generating 10 billion bits of quantum entanglement in silicon for the first time.

The United States and China reached agreement on export deals worth $45 billion including a major contract with Boeing, the White House said on Wednesday at the formal start of Chinese President Hu Jintao's state visit.

The two hackers arrested in connection with hacking into AT&T's database of iPad 3G email addresses will have a tough time proving they weren't acting maliciously, according ot a least one legal expert.

American Airlines parent AMR Corp posted a smaller-than-expected quarterly loss Wednesday on a 10.3 percent revenue increase, as the company held down expenses, but shares slipped as the industry faces soaring fuel costs.

US Bancorp reported higher-than-expected fourth-quarter earnings on Wednesday, aided by lower loan losses and the largest increase in new loans since the fourth quarter of 2008.

Games, social networking and entertainment are the most popular apps for iOS.

Alibaba Group, China's largest e-commerce firm, and its financing partners plan to spend up to $4.5 billion setting up a network of warehouses across the country to tap a growing appetite for online shopping.