IBT Staff Reporter

The Securities and Exchange Commission's internal watchdog is reviewing an allegation that Robert Khuzami, the agency's top enforcement official, gave preferential treatment to Citigroup Inc executives in the agency's $75 million settlement with the firm, Bloomberg reported on Monday.

Former U.S. House Majority Leader Tom Delay must serve three years in prison for his November conviction on money laundering and conspiracy to commit money laundering in 2002, a Texas judge ruled Monday.

A company suing Cisco systems for patent infringement got a new trial because Cisco's attorney made remarks about a plaintiff's religion, drawing attention to the fact that he is Jewish.

The U.S. Federal Reserve's journey to the outer limits of monetary policy is raising concerns about how hard it will be to withdraw trillions of dollars in stimulus from the banking system when the time is right.

South Korea's Samsung Electronics Co Ltd targets sales of nearly $30 billion from home appliances in 2015 and a 10 percent share of the global market, Hong Chang-wan, head of the company's appliances division, said on Tuesday.

South Korea's Samsung Electronics Co Ltd targets sales of nearly $30 billion from home appliances in 2015 and a 10 percent share of the global market, Hong Chang-wan, head of the company's appliances division, said on Tuesday.

Microsoft Corp Chief Executive Steve Ballmer has ousted the head of the company's server unit, marking the latest in a series of high-level departures as the software company tries to regain its leadership in the technology sector.

(Corrects paragraph 19 to show the calculation was made two weeks ago; deletes paragraph 21 to remove incorrect reference to value of Fed's portfolio)

Goldman Sachs Group Inc plans to start disclosing more financial information to investors, including how much of its revenue comes from trading its own money, a person familiar with the matter said on Monday.

Intel Corp will pay graphics chip designer Nvidia $1.5 billion to license its technology, settling a legal dispute and smoothing the way for better competition in PC processors.

Qantas Airways will resume Airbus A380 flights between Australia and Los Angeles from January 16, the airline said on Tuesday.

Attributing fear and confusion to what is becoming a multi-decade bull market is borderline heretical. I understand that Wall Street stock jocks hate Gold. Fine. But let's get one thing straight. There are real driving forces here which can be sustained into the future.

The presidents of the United States and the United States’ oldest ally, France, met today in Washington, and offered condolences to each other for recent violent tragedies suffered by each nation.

News Corp's will launch its long anticipated digital newspaper for tablet devices on January 19 at a joint news event attended by Chairman Rupert Murdoch and Apple Inc Chief Executive Steve Jobs, according to a person with knowledge of the plan.

Lawmakers in the House of Representatives are displaying a symbolic show of unity and will hold meetings about security this week, with no votes on legislation expected in the wake of the Arizona shooting over the weekend which killed six people and critically injured Rep. Gabrielle Giffords, D-AZ.

Alcoa Inc, the largest U.S. aluminum producer, posted a fourth-quarter profit that topped Wall Street forecasts as aluminum prices and demand rose after two years of weakness.

Yul Kwon, Deputy Chief of the Federal Communications Commission's Consumer and Governmental Bureau, is leaving government service to head for public television.

The Federal Reserve's $600 billion bond-buying program helped solidify a shaky economic recovery and looks increasingly set to run its course, two top Fed officials indicated on Monday.

Iceland called in the U.S. ambassador in Reykjavik on Monday to register its displeasure at a U.S. court's demand for details of an Icelandic lawmaker's Twitter account, the State Department said.

Alcoa Inc, the largest U.S. aluminum producer, reported a fourth-quarter profit on Monday and projected a 12-percent rise in demand for the metal in 2011, driven by aerospace and auto manufacturing.

American Airlines Inc has won a court order temporarily blocking Sabre Holdings Corp from presenting its fares in a manner the carrier fears might steer customers to other airlines.

One of Jared Loughner’s favorite books, according to the 22-year-old Arizona assassin’s YouTube profile, is Gulliver’s Travels. So, my theory is that Irish satirists put him up to it.

Barcelona and Argentina star Lionel Messi became the inaugural winner of the FIFA Ballon d'Or - the FIFA Men's World Player of the Year 2010, Jose Mourinho won the Men's Coach of the Year award.

The co-founder of a New York hedge fund that once had just under $1 billion in assets was accused of insider trading by U.S. securities regulators, in an investigation that stems from the long-running Galleon hedge fund probe.

U.S. retail sales rose 4 percent in the 2010 holiday selling season and should rise 2.2 percent in the first quarter of this year, a group that measures customer traffic in retail locations said on Monday.

Some privacy advocates say a U.S. Department of Commerce-proposed system for smoother identification of people on the Internet could create as many problems as it is designed to solve.

Only 10 days into 2011 and it is already shaping up to be AT&T's toughest year since its 2004 formation as it is set to lose the exclusive U.S. rights to sell Apple Inc's iPhone.

Call them the comeback kids.This city's once beleaguered automakers dominated the first day of this year's Detroit auto show, one of the industry's premier events, as it opened for press previews on Monday.

U.S. airlines and online travel sites have 60 days to comply with a new law designed to make it easier for passengers to know when they make a reservation what carrier will actually do the flying.