IBT Staff Reporter

The top U.S. securities regulator said markets failed many investors when they suddenly fell nearly 1,000 points last Thursday afternoon and vowed to rectify the situation quickly.

Top cellphone maker Nokia Oyj revamped its management team for the second time in seven months, placing veterans in two key roles to revive its core business units and fend off rivals like Apple Inc.

Being an only child had its perks. I'd sprawl out across the backseat and go wherever the road brought us. We'd drive from Rhinebeck, New York down the east coast to the Jersey Shore, North Carolina or Florida for family vacations.

Investors soothed by the stock market rebound should not get too comfortable in U.S. homebuilder shares. Last week's sell-off in that sector was no mere blip triggered by unrest on Greek streets far from placid U.S. suburbs.

It is unclear how much U.S. taxpayers will eventually have to shell out to help mortgage finance giants Fannie Mae and Freddie Mac, the regulator of the two companies said on Tuesday.

So you've decided to come to London to see a musical or a play. You want to have a great night out watching one of the big shows like Oliver, Sister Act or Avenue Q, but you also want to keep the costs down as much as possible. The first thing to consider is where you're going to stay.

The Dow and the S&P 500 fell in a volatile session on Tuesday as fears that a $1 trillion bailout for Europe won't solve the region's deep-seated problems blunted an improving U.S. economic picture.

The top U.S. securities regulator said no single event had been found to explain Thursday's mysterious market plunge, but the shocking drop was unacceptable and additional safeguards were coming.

It is unclear how much U.S. taxpayers will eventually have to shell out to help mortgage finance giants Fannie Mae and Freddie Mac, the regulator of the two companies said on Tuesday.

New York Attorney General Andrew Cuomo sued a Bank of New York Mellon Corp unit and two former senior officers on Tuesday, claiming they kept clients in the dark about investing with Bernard Madoff.

Apple Inc on Tuesday questioned recent data showing smartphones using Google's Android operating system surpassing iPhone sales in the United States, and said there are no signs that the competition is gaining in the smartphone market.

AIG is in talks with Prudential Plc to restructure a $35.5 billion deal to sell its Asian life insurance unit to the British insurer, sources familiar with the matter said on Tuesday.

U.S. stocks extended gains on Tuesday, boosted by Intel Corp, Apple Inc and biotechnology shares, with the Nasdaq Composite briefly up 1 percent.

The top U.S. securities regulator said no single event had been found to explain Thursday's mysterious market plunge but the events were unacceptable and additional safeguards were coming.

U.S. stocks rose on Tuesday as investors turned their attention back to the strong earnings picture in the United States and fears of a wave of euro-zone debt defaults ebbed.

The top U.S. securities regulator said no single event had been found to explain Thursday's mysterious market plunge but the events were unacceptable and additional safeguards were coming.

The Senate rejected an amendment on Tuesday that would have exposed the Federal Reserve to broader scrutiny by Congress, which critics said would extend to monetary policy decisions.

U.S. stocks rose on Tuesday, recovering from early losses on strength in the biotech sector after Gilead Sciences unveiled a large stock-buyback program, as well as in large-cap tech firms.

The Senate on Tuesday approved a proposal to examine the Federal Reserve's role in the Wall Street bailouts of 2008-2009 as part of a broad financial regulation reform bill.

A big U.S. exchange operator said on Tuesday there was no smoking gun to explain Thursday's mysterious market plunge, while regulators and exchanges solidified plans to adopt circuit breakers.

U.S. payroll numbers may be starting to improve, but leaders from a cross-section of manufacturing and transportation companies said this week they remain reluctant to hire too many workers too soon.

U.S. hirings touched their highest level in 15 months in March, while job openings also rose, according to a government report on Tuesday that confirmed a recovery in the labor market was gaining traction.

Hong Kong received an opening bid of HK$2.876 billion ($370 million) in an auction for a residential site on Tuesday, the first land sale since the government moved to crack down on speculation in the housing market.

Russia said Tuesday, the possible merger of the Russian energy giant Gazprom and Ukraine's Naftogaz has no bearing on the South Stream project. Russian Energy Minister Sergey Shmatko said, We do not relate these two issues. South Stream is an issue of principle for us, a strategic entry to direct supplies for European buyers.

OPEC on Tuesday said it's forecast for global oil demand remained unchanged at 1.1 percent or by 0.9 million barrels per day. In its monthly oil market report, OPEC said although the economic recovery shows signs of improving momentum, important risks remain that could impact demand growth expectations for this year.

The last recession forced the auto industry to slash costs, shutter factories, tear up contracts and rely on government funding.

Platinum and palladium markets received some good news this week with the auto sales zooming in India and China. Platinum and palladium, two metals used in the high end car exhausts to cut pollution, prices depend mostly on the auto sales across the globe. With India and China reporting huge car sales in April, the prices of platinum and palladium are set to gain from this news.

Sales of Mercedes-Benz brand vehicles rose 15.3 percent to 93,100 units in April, the third German luxury carmaker to confirm that a recovery in demand continued over last month.

The largest U.S. banks would be required to submit to regulators plans for their dismantling in times of severe distress, and securitizations with higher underlying standards would get federal protection, under two proposals to be considered by the Federal Deposit Insurance Corp on Tuesday.