IBT Staff Reporter

The House Financial Services Committee is to begin work on Wednesday on a top priority for the U.S. Congress -- legislation to mend regulatory holes exposed by last fall's financial crisis.

The Bank of Japan may decide to start withdrawing support for corporate finance on Wednesday, despite government criticism, at a policy meeting that may set the tone for its relationship with the new government.

Oil surged for a fifth day toward its 2009 high of $75 a barrel, boosted by a weak dollar and strong earnings from Intel that pushed U.S. stock futures sharply higher.

Oil surged for a fifth day toward its 2009 high of $75 a barrel, boosted by a weak dollar and strong earnings from Intel that pushed U.S. stock futures sharply higher.

U.S. officials must figure out what to do about an economy that is growing yet not generating enough jobs before they can shift their focus to dismantling their multi-trillion-dollar rescue programs.

Watching his sons kick around a makeshift ball made from tightly bound plastic bags, Ugandan handyman Jackson Mawa marvels at the way business has improved since he bought a solar-powered mobile phone.

PepsiCo and Anheuser-Busch have agreed to jointly purchase goods and services, from computers to travel, in the United States in a move one expert called a first for large companies.

Google announced on Tuesday that it has begun offering its Google Voice testers the opportunity to invite friends to join the telephony service.

New York voters got a closer look at the top two candidates for the office of New York Mayor as incumbent Michael Bloomberg squared off against Comptroller William Thompson in their first of two debates.

Intel Corp's quarterly outlook and results soared past expectations on Tuesday, sending shares 7 percent higher and fueling optimism over a tech sector recovery before the crucial holiday season.

The United Auto Workers and Ford Motor Co announced a tentative agreement on Tuesday with a no-strike provision and other concessions to bring its labor costs in line with U.S. rivals.

The U.S. Treasury Department is pushing American International Group to cut big pay incentives it claims were needed to retain staff, but which have stoked a controversy over pay at taxpayer-supported firms.

Cisco Systems Inc plans to buy advanced wireless equipment maker Starent Networks Corp for $2.9 billion to boost its product offerings as phone carriers build out next-generation networks.

A marriage that is filled with love, romance, communication and passion is possible when you learn to demonstrate and verbalize your love on a daily basis.

Michael Jackson picked up five American Music Awards on Tuesday, almost four months after his sudden death turned him into the biggest-selling artist of the year, organizers said on Tuesday.

Cuba will not allow dissident blogger Yoani Sanchez to travel to the United States to receive a journalism prize, Columbia University said on Tuesday.

Rihanna's new album will likely be released on November 23, the R&B singer twitted Tuesday.

A Pennsylvania judge ordered reality TV star Jon Gosselin to return $180,000 to a joint bank account he shares with estranged wife Kate Gosselin, People Magazine reported Tuesday, citing a source close to Kate.

Intel Corp's quarterly outlook and results shattered expectations on Tuesday, boosting its shares 6 percent and fueling optimism over a tech sector recovery before the crucial holiday season.

CSX Corp , the No. 3 U.S. railroad, reported a stronger-than-expected quarterly profit on Tuesday and said it believed the worst of the recession is likely behind us.

Two prospective jurors who wrote comments about wrongdoing and bending the rules on Wall Street were rejected by a U.S. judge on Tuesday for the trial of two former Bear Stearns Cos hedge fund managers on fraud charges.

Apple officially recognized that its Snow Leopard users may encounter a potentially serious bug, after it was first noticed in September.

The U.S. dollar slipped to a 14-month low on Tuesday, pushing gold to a record peak and helping lift oil to a seven-week high on worries that U.S. interest rates would remain at rock-bottom lows for some time.

Gold prices hit a record high in choppy trade on Tuesday, and silver, platinum, palladium and rhodium rallied to multi-month peaks, as the dollar's slide to its lowest level since August 2008 against the euro fueled buying of precious metals.

United States national soccer team forward Charlie Davis, 23, was injured in a single fatal car accident on the George Washington Parkway in Virginia on Tuesday. The accident left one dead, ESPN reported Tuesday.

The operators of Tavern on the Green, the bankrupt storied restaurant in New York's Central Park, have sued the City of New York for more time to auction off the restaurant's assets.

Ford Motor Co is expanding its massive vehicle recall linked to faulty cruise control switches by 4.5 million vehicles, the U.S. government said on Tuesday.

The U.S. Treasury Department is pushing American International Group to cut big pay incentives it claims were needed to keep staff but which have stoked a controversy over pay at taxpayer-supported firms.

U.S. stocks weakened on Tuesday as disappointing sales from Johnson & Johnson stirred jitters about the strength of earnings, snapping the S&P 500's six-day winning streak.