IBT Staff Reporter

Goldman Sachs Group Inc pledged to be more open about how it makes money and to put the interests of clients ahead of its own in an effort to rebut criticism it acted more like a hedge fund than a bank during the credit boom and misled investors.

American International Group Inc could announce as early as Wednesday the sale of its Taiwan Nan Shan Life unit to conglomerate Ruentex Group for up to $2.5 billion, according to Taiwan newspapers.

The effective lending capacity of the euro zone's financial rescue fund should be reinforced and the scope of its activity widened, the European Union's economic chief said on Wednesday.

Wondering what may have caused approximately 5,000 red-wing blackbirds to fall dead from the sky over Arkansas on New Year's Eve?

The iPhone on Verizon's network will be a big win for Apple, as pent-up demand driven by users who were waiting for an alternative to AT&T drives sales of the iPhone 4.

Cameron and Tyler Winklevoss found a skeptical audience on Tuesday as they tried to persuade a U.S. appeals court to let them out of a $65 million settlement over the founding of online social network Facebook.

Airbus on Tuesday announced what it called the biggest jet order in commercial aviation history with a $15.6 billion deal to sell 180 planes to Indian budget carrier IndiGo including the first orders for a revamped model.

Lawmakers from both sides of the aisle are calling for new gun-control legislation in the wake of the shootings in Tucson, Arizona last Saturday that left six people dead and 15 injured, including U.S. Rep. Gabrielle Giffords, D-AZ, who remains in critical condition, as do five other victims.

State-owned Bank of China Ltd has opened trading in the yuan currency to U.S. customers, according to a posting on the bank's website dated December 2010.

A former technology analyst with Primary Global Research pleaded guilty on Tuesday to leaking confidential company information to hedge funds, part of the U.S. government's broad insider trading probe.

Cameron and Tyler Winklevoss found a skeptical audience on Tuesday as they tried to convince a U.S. appeals court to let them out of a $65 million settlement over the founding of online social network Facebook.

Euro zone finance ministers are likely to consider next week the option of raising the effective lending capacity of the currency bloc's rescue fund as part of efforts to calm sovereign debt markets, euro zone sources said.

Euro zone finance ministers are likely to consider next week the option of raising the effective lending capacity of the currency bloc's rescue fund as part of efforts to calm sovereign debt markets, euro zone sources said.

Users are reporting that phones using Microsoft's WP 7 operating system are uploading mysterious packets of data, and costing money in the process.

The United States should not press China for an immediate sharp rise in the value of its yuan currency because that could be bad for both countries, the leader of a top U.S. business group said on Tuesday.

(Corrects Verizon Wireless planned iPhone release date to 2011 from 2010 in FIRST IPHONE SALES section)

Verizon Wireless will start selling Apple Inc's iPhone on February 10, bringing to an end AT&T's exclusive run with the smartphone.

China is studying a proposal from the U.S. to begin strategic security talks that would cover nuclear arms, missile defense, space and cyber issues, as the countries seek to improve their military-to-military relations.

The attempted assassination of U.S. Rep. Gabrielle Giffords, D-AZ, and the murder of six innocent bystanders, at a “meet and greet” with constituents on Jan. 8, was a shocking and tragic event nationwide. Unfortunately, trying to kill American politicians is neither unique nor new.

After waiting three-and-a-half years Verizon Wireless customers will finally get their hands on Apple Inc's iPhone next month.

Scientists using NASA's Fermi Gamma-ray Space Telescope have detected beams of antimatter that produced above thunderstorms on Earth, something never seen before.

Charles Schwab Corp will pay $118.9 million to settle regulatory charges that it hid from investors the mortgage-related risks in a seemingly safe, multibillion-dollar bond mutual fund.

The U.S. government is intensifying its use of consumer complaint websites with two new outlets for customer gripes that have trade groups for manufacturers and financial firms concerned about smear campaigns and lawsuits.

A homeless former radio announcer who became a YouTube sensation for his golden voice has been questioned by police after a disturbance at his Hollywood hotel.

Two prominent WikiLeaks supporters in the Netherlands and Iceland are consulting U.S. lawyers about ways to stop the Justice Department getting their Twitter records in a probe into the leak of secret documents.

Verizon Wireless plans to sell Apple Inc's iPhone for as low as $200 starting next month, putting the smartphone at the center of its high-stakes battle with AT&T Inc for wireless customers.

Energy shares helped the Dow and S&P 500 end a three-day losing streak on Tuesday, even as investors worried rising fuel costs will undercut economic growth.

The U.S. Federal Reserve's aggressive bond-buying plan could soon backfire unless the central bank gradually changes course to head off inflation, a top Fed official known for his hawkish stance said on Tuesday.

Directors of Federal Reserve banks in Dallas and Kansas City again requested, unsuccessfully, a 0.25 percent rise in the rate charged to banks for emergency loans, minutes of Fed meetings in November and December showed on Tuesday.