IBT Staff Reporter

AIG chose Bank of America Corp , Deutsche Bank AG , Goldman Sachs Group Inc and JPMorgan Chase & Co to manage the sale of the government's 92 percent stake in the insurer, two people familiar with the situation said on Tuesday.

A strong holiday shopping season will help Google Inc beat Wall Street's quarterly targets again, but investors may need more convincing to buy into the Internet giant's longer-term future.

The health of Apple Inc Chief Executive Steve Jobs will overshadow quarterly results on Tuesday from the consumer electronics powerhouse, whose iPhone and iPad excited holiday shoppers.

Is Steve Jobs really worth just $6 billion?

Internal U.S. government reviews have determined that a mass leak of diplomatic cables caused only limited damage to U.S. interests abroad, despite the Obama administration's public statements to the contrary.

Former Alaska Gov. Sarah Palin defended her use of the term 'blood libel' on Monday, saying she meant what she said when she chided critics for accusing conservative media figures of having played a role in instigating the recent Arizona shootings.

International Business Machines Corp's quarterly profit blew past Wall Street estimates, and a long-hoped-for recovery in its services business raised optimism that global companies were confident enough to spend more on technology.

Apple's Tim Cook rips into Android, tablet rivals and doesn't address Steve Jobs' health or leave-of-absence.

Venezuela will connect Cuba to a high-speed fiber optic cable next month undermining U.S. sanctions prohibiting Cuba's access to nearby underwater lines, the head of the project said on Tuesday.

Comcast Corp will sacrifice day-to-day control of popular video website Hulu as a condition for regulatory approval of its combination with NBC Universal, clearing the way for the deal to close in the next two weeks.

International Business Machines Corp's quarterly profit blew past Wall Street estimates, and a long-hoped-for recovery in its services business raised optimism that global companies were confident enough to spend more on technology.

Blockbuster sales of the iPad and iPhone fueled better-than-expected quarterly results and forecasts from Apple Inc, assuaging investors' fears after CEO Steve Jobs' abrupt decision to take medical leave.

Apple Inc reported better-than-expected revenue, fueled by blockbuster holiday sales of the iPhone and iPad that may help ease investor concern about Chief Executive Steve Jobs' decision to take medical leave.

NEW YORK - Spending time online is normal behavior for teenagers. But too much Internet use by teens -- or too little, for that matter -- might be related to depression, a new study finds.

International Business Machines Corp's quarterly profit blew past Wall Street estimates, and a pick-up in services contracts raised hopes that global companies were confident enough to spend more on technology.

International Business Machines Corp's stronger-than-expected quarterly profit and a pick-up in technology services contracts raised hopes that global companies were becoming confident enough to spend more on technology.

Apple reported another record quarter, with revenue hitting $26.74 billion, above the most optimistic Wall Street estimates of about $25 billion. The iconic technology company posted $6 billion in profit, or $6.43 per share.

Home sales in Southern California rose above their seasonal pattern in December from November with a 20.5 percent gain but were down 12.5 percent from a year earlier, reflecting a sluggish jobs market and tight credit, MDA DataQuick said on Tuesday.

The Obama administration on Tuesday stepped up efforts to make it easier for struggling homeowners to renegotiate the terms of their mortgage, although it could be more than a year before such efforts pay off.

The U.S. Department of Justice has followed the FCC and given the nod to the NBC-Comcast deal.

Apple Inc reported better-than-expected results, fueled by blockbuster holiday sales of the iPhone and iPad that may help ease investor concern about Chief Executive Steve Jobs' decision to take medical leave.

Sprint Nextel Corp plans to increase monthly service fees by $10 a month for smartphone customers, edging its prices closer to those of bigger rivals Verizon Wireless and AT&T Inc.

The performance of big online brokers may be improving after a poor 2010 as a trading rebound and a better economic outlook boosted quarterly profits at TD Ameritrade Holding Corp and Charles Schwab Corp .

Two students at Gardena High School in southern California were shot this morning, when a gun concealed by a third student accidentally discharged, according to an official with the Los Angeles Unified School District.

U.S. prosecutors have charged two men with stealing and distributing email addresses for about 120,000 users of Apple Inc's popular iPad.

U.S. stocks gained on Tuesday, overcoming weak Citigroup results and concerns circling Apple after news of Chief Executive Steve Jobs' medical leave.

International Business Machines Corp's quarterly profit blew past Wall Street estimates, and a pick-up in services contracts raised hopes that global companies were confident enough to spend more on technology.

A steep drop in bond trading revenue pushed Citigroup Inc's fourth-quarter profit far below expectations, casting doubt over Chief Executive Vikram Pandit's claim that the bank had turned the corner.

International Business Machines Corp's stronger-than-expected quarterly profit and a pick-up in technology services contracts raised hopes that global companies were becoming confident enough to spend more on technology.