IBT Staff Reporter

The U.S. Treasury Department is interviewing Wall Street bankers to advise the government on an initial public offering of General Motors Co , the Wall Street Journal reported on Saturday.

* Chavez says websites, money changers to be raided * Fitch says new rules may hurt macro and ratings * Foreign exchange market paralyzed after law reform (Adds Fitch growth warning, details)

Keeping interest rates low for a long time can create ripe conditions for dangerous asset price bubbles, a Federal Reserve official said in a Wall Street Journal interview published on Saturday.

Will it or won't it? That is the million dollar question haunting global bullion market analysts now. With Akshay Tritiya being celebrated in India on May 6, global bullion market is eagerly waiting for the response Indian buyers are about to give to the auspicious day. Akshay Tritiya is Indian Hindus' auspicious day to buy gold when Hindu families flock to jewellery shops to buy new ornaments. However, this time around bullion analysts in London and Singapore are skeptical about the response fr...

European Central Bank President Jean-Claude Trichet denied the euro is under speculative attack despite its steep fall, and called instead for a quantum leap in monitoring to ensure government budgets are kept under control.

President Barack Obama on Saturday called for swift Senate action on a sweeping overhaul of Wall Street rules to secure America's economic future as a reform bill moves into the decisive stage next week.

BHP Billiton and Rio Tinto might re-evaluate plans to merge their Western Australian iron ore operations if an agreement is not reached by year end, the Wall Street Journal said on Saturday.

Crude oil prices plunged nearly 4% on Friday and were off almost 20% from their 18-month high less than two weeks ago, as the euro continued to lose ground against the dollar and U.S. oil inventories continued to build.

A big mystery seller of futures contracts during the market meltdown last week was not a hedge fund or a high-frequency trader as many have suspected, but money manager Waddell & Reed Financial Inc, according to a document obtained by Reuters.

Recent Australian study has assessed prognostic aspects for patients with peritoneal mesothelioma who have underwent cytoreductive surgery and hyperthermic intraperitoneal chemotherapy (HIPEC).

Health officials advice people worried about privacy issues related to the use of electronic health and medical records to not be doubtful as the real health advantages far exceed the little potential drawbacks.

The claims of Prahlad Jani, 83 saying he has been without food and water for over 70 years, have been strongly disputed by Australian scientists.

According to the research by Melbourne scientists, routine physical and mental exercises can delay the onset of the hereditary Huntington's disease.

According to Don Pegler, state member for Mount Gambier, the loss of two psychologists in the city reveals a limited focus on mental health in South Australia

Goldman Sachs Group Inc and a consortium of other top banks are part of an effort to save ShoreBank Corp, a Chicago bank with Washington ties, a community activist close to the institution said on Friday.

Goldman Sachs Group Inc said it is setting up an internal committee to look at how the company deals with potential conflicts of interest and how it can better disclose what it does.

Stocks could face more volatility next week as growing doubts about whether Europe can solve its deepening debt crisis are likely to take center stage again.

Fearing huge losses in sales after pictures leaked of its fourth-generation iPhone, Apple Inc convinced police to launch a felony investigation and Chief Executive Officer Steve Jobs contacted the offending Web site himself to try and recover the gadget.

Google Inc said its fleet of cars responsible for photographing streets around the world have for several years accidentally collected personal information that consumers send over wireless networks.

An Apple Inc lawyer considered a missing iPhone 4G prototype invaluable and publication of its details immensely damaging to the gadget maker's future sales, according to a search warrant unsealed by a California judge on Friday.

Former Sun Microsystems Chief Executive Jonathan Schwartz is taking the high road after getting a public tongue lashing from Silicon Valley's richest man, Larry Ellison.

Stocks fell on Friday on a combination of weak earnings from retailers, Senate backing for limits on credit card fees and concerns over the sustainability of European public debt.

Microsoft Corp is expecting a boost this quarter from a rebound in business tech spending, likely outweighing negative effects from turmoil in Europe, the software giant's chief financial officer told Reuters on Friday.

When Jim Owens, the CEO of Caterpillar Inc , retires next month, it will mark the end of a long career bookended by corporate crises and displays of a tough-love approach to leadership and the company's workforce.

Retail sales rose and industrial production powered ahead in April, further evidence the economic recovery was strengthening and broadening out.

Shares of TiVo fell as much as 42 percent on Friday after an appeals court set aside the company's win in a patent battle over digital video recorders with rivals Dish and EchoStar.

Stocks fell on Friday on a combination of retailers' weak earnings, Senate backing for limits on credit card fees and concerns over whether European countries can pay their public debt obligations.

Google Inc is closing its 4-month-old online cell phone store, abandoning an ambitious plan by the Web search leader to redefine wireless retailing.

Stocks fell on Friday on a combination of retailers' weak earnings, Senate backing for limits on credit card fees and concerns over whether European countries can pay their public debt obligations.