IBT Staff Reporter

Asian stocks rose for a fourth day on Wednesday as reports showed Chinese factory output jumped to a 19-month high in October, while the ailing U.S. dollar hovered near a 15-month low.

Pushing for tougher changes in U.S. financial regulations, the Senate's top banking legislator on Tuesday proposed a new super-cop to police banks, a systemic risk agency and strong consumer protections.

Oil eased below $79 a barrel on Wednesday, as mildly bearish October loans data from China offset signs of robust industrial output and retail sales from the world's second-largest energy consumer.

High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a string of speeches across the country on Tuesday.

High unemployment and reluctant consumers will likely make an incipient U.S. economic recovery weak and erratic, top Federal Reserve officials said in a string of speeches across the country on Tuesday.

Oil rose above $79 a barrel on Wednesday, after dipping a day earlier, as signs of robust economic growth in China offset mildly bearish U.S. industry data showing surprise builds in crude and distillate stockpiles.

The U.S. economy faces a weak recovery that will likely warrant extremely low interest rates for the foreseeable future, a top Federal Reserve official said on Tuesday.

A settlement between mobile phone users and companies that charged them for downloaded ringtones and games they thought were free was approved by a court on Tuesday.

The U.S. economy faces a weak recovery that will likely warrant extremely low interest rates for the foreseeable future, a top Federal Reserve official said on Tuesday.

Shares of bond insurer Ambac Financial Group Inc sank 33 percent on Tuesday after the company warned it may be forced to seek bankruptcy protection if it cannot fix its liquidity problems.

BofA Blues for Top Job; Dodd Seeks Teeth for Reforms; Cautious on Recovery

Three top Federal Reserve officials on Tuesday struck a cautious note on the U.S. economy, citing high unemployment, heavy reliance on government support and commercial real estate woes as hurdles to recovery.

The designer of the Kalashnikov, sometimes called the world's most lethal weapon, was named a Hero of Russia on Tuesday by President Dmitry Medvedev who lauded him for creating the brand every Russian is proud of.

It is the most prestigious job that nobody wants. Bank of America is searching for a new chief executive, and by all accounts, it is having a tough time finding someone for the job.

Two former Bear Stearns hedge fund managers were found not guilty of fraud, a decision that could make government prosecutors less likely to bring criminal charges against Wall Street executives for their role in the financial crisis.

Comcast Corp and General Electric Co have agreed to make NBC Universal CEO Jeff Zucker the head of their proposed joint venture, but the structure of a new board is still being negotiated, sources familiar with the matter said.

In the end, Garth Peterson, a rising star at Morgan Stanley in China, was undone by his pursuit of guanxi.

U.S. Bancorp , the sixth-largest U.S. bank by assets, is looking to expand its credit card business and is actively marketing its cards nationally, Chief Executive Richard Davis said at a conference on Tuesday.

Pushing for tougher changes in U.S. financial regulations, the Senate's top banking legislator on Tuesday proposed a new super-cop to police banks, a systemic risk agency and strong consumer protections.

Major search engines like Google, Microsoft and Yahoo, and eBay are offering free WiFi hotspots around the nation this holiday season till early next year, at airports, hotels and even in New York's Time Square.

Luxury homebuilder Toll Brothers Inc said on Tuesday said it expected fourth quarter revenue to drop 30 percent, but blew past Wall Street's expectations by nearly $100 million, and the company's shares rose 5.4 percent in after-hours trading.

The board of General Motors Co has approved a plan to produce a plug-in hybrid for the luxury Cadillac brand that will adapt technology developed for the upcoming Chevrolet Volt, according to people briefed on the decision.

Donald Trump and Juma Entertainment are partnering for a TV reality dating show starring TV diva Omarosa on the TV One network, the Associated Press reported.

Activision Blizzard Inc's hugely anticipated Call of Duty: Modern Warfare 2 video game went on sale on Tuesday, welcomed by eager fans who lined up hours in advance of the release.

Luxury homebuilder Toll Brothers Inc said on Tuesday it expects fourth quarter net contracts to be up about 42 percent, as the housing market shows some signs of stabilization and its shares rose 3.3 percent in after-hours trading.

Veterans Day on November 11 is the day honoring all those who were in the war and for school children in public schools they will have no school but will be home working on Veterans Days assignments.

Adobe Systems is set to lay off 680 workers, or about 9 percent of its global work force, according to a TechCrunch report.

The world's two largest cellphone makers, Nokia and Samsung Electronics, unveiled on Tuesday their latest rivals to the iPhone as Apple became the top profit generator in the handset industry.

Search engines are celebrating the holidays by offering users free internet and New York City is getting a special treat.