Ex-Madoff aide told to hand over $2.4 million for bail
Annette Bongiorno, one of Bernard Madoff's longest serving employees, will have to give up at least $2.4 million and her husband's money for a judge to consider granting her bail on criminal charges, a New York court heard on Wednesday.
EU hopes to seize debt crisis initiative at summit
European Union leaders meet on Thursday to try to agree the next steps in tackling a year-long debt crisis that has consumed Greece and Ireland and threatens to spread to Portugal and Spain.
Analysis: Gorilla Glass could become Corning's King Kong
Corning Inc has developed a clean, razor thin glass that is sturdy enough to withstand everyday scratches -- a dazzling breakthrough that has done little for its bottom line.
China will keep yuan stable: central bank newspaper
The groundwork is in place for a stable yuan because China's current account surplus is trending down and other currencies have been swirling about in choppy trade, an official newspaper said on Thursday.
Google Makes Voice Personal
The company introduces speech recognition to Android 2.2 phones, which can recognize the user's phone and understand their specific dialect.
Baidu sees growth rate slowing in 2011
A senior executive of China's top search engine, Baidu Inc, forecast its top-line and bottom-line growth rates to moderate over the next year, sending its shares down 6 percent on Wednesday.
Lehman creditors may file rival reorganization plan
Creditors of Lehman Brothers Holdings Inc, including hedge fund Paulson & Co, may file a competing reorganization plan for distributing the bank's assets, a person familiar with the matter said.
U.S. sues BP, seeks fines for oil spill
The U.S. sued BP and eight other defendants on Wednesday over the Deepwater Horizon oil spill in the Gulf of Mex ico, seeking civil penalties under the Clean Water Act.
Lehman creditors file competing reorganization plan
Lehman Brothers Holdings Inc bondholders filed a rival plan to parcel out the bank's estimated $58 billion in assets in the largest U.S. bankruptcy reorganization on record.
YouTube wants Web show maker Next New Networks: report
Google Inc's YouTube is in talks to buy Web show maker Next New Networks in what would be the video sharing site's first foray into content production, the New York Times reported on Wednesday.
U.S. receives $2.1 billion from GM preferred share buyback
General Motors Co has bought back the government's holdings of GM preferred stock issued in the automaker's bailout for $2.1 billion, the U.S. Treasury Department said on Wednesday.
Class Action Suit Vs. AT&T Picks Up More Plaintiffs
A class action suit against AT&T for back wages and damages, filed on behalf of some of its information technology workers, has picked up more plaintiffs.
Corrected: Obama admin. sues BP, others over Gulf spill
(Following Justice Department correction, makes clear Lloyds was Transocean's insurer, not BP's, in paragraph 2)
Border agent killed in gunfight
A U.S. Border Patrol agent is dead, shot in a gun battle Tuesday night at the U.S.-Mexico border near Rio Rico, Arizona.
Twitter financing values company at $3.7 billion
Twitter has raised $200 million of financing in a deal that values the microblogging company at $3.7 billion, less than a year after it began its first serious efforts to make money.
EBay acquires its mobile application developer
Web commerce company eBay Inc said on Wednesday it acquired Critical Path Software, a mobile software application developer, as the company further embraces selling via mobile.
Bank of America delays mortgage investor action
Bank of America Corp on Wednesday said investors delayed a technical default on the bank over its mortgage servicing unit, allowing more time for talks about alleged contract violations.
Citi to open Asia-style smart branch in New York
Citigroup Inc will officially open a new, high-tech branch in New York City on Thursday, in an effort to woo more business from wealthy, urban customers.
WikiLeaks hactivists look to improve attack software
Supporters of WikiLeaks who last week attacked the websites of MasterCard and Visa, say they are tweaking the software used for those assaults in a bid to create more powerful tools for possible future protests.
Exclusive: Starwood to build new China Sheratons
Starwood Hotels will oversee the investment of $5 billion to build 35 new Sheraton hotels by 2013 -- half of them in China, the company told Reuters.
Approval of Internet traffic rules likely: analysts
Contentious Internet traffic rules facing a vote next week are likely to be adopted without radically veering from a proposal unveiled earlier in the month, telecommunications policy analysts said on Wednesday.
BofA, investors in mortgage settlement talks: report
Bank of America Corp is in talks with a group of six investors to settle charges that it mishandled $16.5 billion in mortgages packaged into bonds, the Wall Street Journal reported on Wednesday.
Obama meets with top CEOs, investors
With American businesses holding nearly $2 trillion on their books, President Barack Obama said on Wednesday that a meeting with corporate executives of 20 of the largest U.S. companies will help elicit a variety of ideas to grow the economy and boost jobs amid an anemic recovery.
Senate passes tax cut extension
The U.S. Senate passed the Middle Class Tax Relief Act of 2010 today by a vote of 81-19. It now goes to the House of representatives, which could take up the matter as early as today.
Senate passes Obama's $858 billion tax-cut plan
A deal that President Barack Obama struck with Republicans to extend tax cuts for nearly every working American and spur job growth sailed through the U.S. Senate on Wednesday.
Wall St bonuses may top last year as profits soar
Despite the weak U.S. economy, this year could be the second most profitable for New York City's securities industry, and the average bonus may top last year's because so many bankers and brokers have been laid off.
Obama administration sues BP, others over Gulf spill
The Obama administration on Wednesday launched a legal battle against BP Plc and its partners by suing them for the worst offshore oil spill in U.S. history, which could cost the companies billions of dollars.
Trade in U.S. bankruptcy claims jumps in November
The value and number of U.S. bankruptcy claims traded in November both rose to the highest level in months with active interest in the Tronox Inc and Tribune Co bankruptcies, according to data released on Wednesday.
Pentagon swindling vets, lawsuit says
The Vietnam Veterans of America today filed a Freedom of Information Act lawsuit in U.S. District Court in New Haven, CT, claiming that the Department of Defense has failed to comply with the law by not releasing records on Personality Disorder discharges.
Wall Street bonuses may top last year's as profits soar
Despite the weak national economy, this year could be the second most profitable year for New York City's securities industry and the average bonus may top last year's because so many bankers and brokers have been laid off, the state comptroller said in a report on Wednesday.