IBT Staff Reporter

Hewlett-Packard Co's new chief executive, Leo Apotheker, is reportedly finalizing a strategic plan for the technology company that includes shuffling senior management and focusing on more profitable parts of the business, The Wall Street Journal reported late Friday.

A New York money manager with a long history of legal battles with the government has been charged with threatening to kill 47 U.S. officials, including the nation's top securities and commodities regulators.

In a sign Washington will not press China too hard for more rapid appreciation of the yuan, Treasury Secretary Timothy Geithner said on Friday the Chinese currency had already seen a substantial real rise.

The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake that it plans to sell quickly.

Technology licensing company WiLAN Inc said on Friday that chipmaker Intel had agreed to pay it to use patented technology, ending all litigation between the two companies.

U.S. bank stocks are flying high, and next week's earnings could give investors more reason to be optimistic about the sector.

Apple running a contest in honor of the 10 billionth app downloaded with the winner getting $10,000 to the iTunes store.

Relativity doesn't only affect things moving at speeds close to that of light. New calculations show that the common car battery works because of relativistic effects.

The U.S. economic recovery is picking up steam and the Federal Reserve should continuously reevaluate its policy of buying government bonds to support growth, Richmond Fed President Jeffrey Lacker said on Friday.

Fears about Intel Corp's absence in tablets and smartphones are overshadowing the chipmaker's strong earnings and reinforcing the impression that the company no longer sets the direction of the tech industry.

Two rival bidders for Baffinland Iron Mines have united in a C$590 million ($595 million) joint takeover offer for the iron ore explorer, ending a four-month fight to control its huge deposit in the Canadian Arctic.

The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake and plans to sell its shares quickly.

A California court today asked that Sony show it has jurisdiction over the hacker who publicized a jailbreak for the Playstation 3 console.

The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake and plans to sell its shares quickly.

Oil major BP Plc , recovering from its Gulf of Mexico oil spill, said it is in talks with Russian state-controlled oil company Rosneft about a possible deal.

Federal prosecutors unsealed a complaint on Friday accusing a New York man of threatening to kill 47 current and former officials at U.S. regulatory agencies.

Steve Ballmer mentioned it and Paul Otellini now addresses it: Windows OS without x86 and Intel.

BP Plc and Russia's state-controlled Rosneft agreed to a share swap under which they would jointly explore for offshore oil and gas, in a deal that immediately raised concerns in the United States about Russia's global oil ambitions.

The U.S. economy is poised for sustained growth fueled by the private sector after being reliant on low interest rates and fiscal stimulus for the past few years, a bankers group forecast on Friday.

Intel Corp doesn't look like the market bellwether it once was.

Intel Corp's strong quarterly report failed to lift its shares on Friday, as some investors, remembering the company's reversal of a bullish outlook a year ago, questioned its forecast.

The U.S. economy closed out 2010 on a softer note than expected, with rising gasoline prices eroding consumers' purchasing power in December even as they helped lift retail sales.

The S&P 500 ended a seventh straight week of gains with a banks-led rally amid healthy volume after encouraging financial results from JPMorgan.

U.S. Rep. Gabrielle Giffords of Arizona has started aggressive physical therapy after opening her eyes and becoming more and more alert, according to the medical team treating her.

Sprint Nextel thinks it can make billions of dollars in revenue from wirelessly connecting devices such as in-car safety systems, but does not expect any material gains from doing this for two more years.

U.S. companies want a lot out of Chinese President Hu Jintao when he visits Washington next week. They have a long list of moans and desires.

A group of hedge funds have appealed a court ruling that billions of dollars of Washington Mutual Inc -related securities were now owned by JPMorgan Chase & Co , a key decision to ending the Washington Mutual bankruptcy.

The Treasury on Friday said it completed a massive recapitalization of bailed out insurer American International Group , paying off the New York Federal Reserve Bank and giving the U.S. government a 92 percent equity stake in the company.

JPMorgan Chase & Co's commodities trading risk steadied in the fourth quarter after a rally in oil, metals and grains, marking a shift from the third quarter when it cut risk to pare back on proprietary trading.