IBT Staff Reporter

JPMorgan Chase & Co (JPM.N) and Wells Fargo & Co (WFC.N) said on Wednesday they are eliminating some overdraft fees altogether and trimming others, after Bank of America Corp (BAC.N) announced a similar move on Tuesday.

The era of free U.S. bank accounts may be headed for an end, if a new political push to curb overdraft fees is successful.

Supercomputing, once the province of a select few, is fast becoming a key business tool, a trend Dell Inc (DELL.O) hopes to capitalize on.

U.S. mortgage rates held at their lowest level since late May in the latest week, low enough to continue to spur home loan demand and help the hard-hit U.S. housing market recover.

The Tribune Co received federal court approval on Thursday to sell the Chicago Cubs baseball team to the Ricketts family for $845 million, part of the bankrupt media company's effort to restructure.

A new Michael Jackson song, This Is It, will be released as a single on October 12, Sony Music Entertainment announced Wednesday.

Lithium-ion car battery maker A123 Systems Inc (AONE.O) shares soared as much as 41 percent in their debut on Thursday in an eagerly anticipated initial public offering.

Sales of previously owned U.S. homes unexpectedly fell in August, a survey showed on Thursday, a minor setback for the housing market's recovery from a three-year slump.

KISS, the Red Hot Chili Peppers, Genesis, the Hollies, LL Cool J and Jimmy Cliff are first-time contenders for induction into the Rock and Roll Hall of Fame, organizers said Wednesday.

Better Place, which is building a global network of charging stations for the electric car industry, expects its e-cars to be significantly cheaper than gasoline-powered counterparts, its CEO was quoted as saying.

The U.N. Security Council, at a summit chaired by U.S. President Barack Obama, unanimously approved a resolution on Thursday calling on nuclear weapons states to scrap their arsenals.

General Motors Co's [GM.UL] Indian unit is partnering local firm Reva Electric Car Co to develop electric vehicles for the Indian market, and hopes to start selling a battery-operated small car within a year.

U.S. stocks fell on Thursday as a surprise decline in existing home sales suggested an economic recovery would be slow, even as initial jobless claims dropped.

Mexico has selected Carlos Carrera's crime thriller Backyard as its foreign-language Oscar contender for the 82nd Academy Awards.

Automakers backed calls to ban drivers on U.S. roads from text messaging with cell phones and other hand-held devices, an issue gaining attention from the Obama administration and Congress.

Hollywood screens are usually populated by Barbies, but now the real Barbie is on her way to the big screen.

U.S. venture capitalists have had to contend with an IPO market that has been inhospitable -- but finally there are reasons to be optimistic a recovery could be around the corner.

U.S. taxpayers will probably never recover all of the hundreds of billions of dollars invested to bail out financial firms, automakers and homeowners, a key watchdog for the program said on Thursday.

Nintendo Co Ltd will cut the price of its popular Wii video game console by 20 percent, responding to similar cuts by rivals Sony Corp and Microsoft Corp aimed at kick-starting demand.

An experimental AIDS vaccine made from two older versions has made major progress in finding an effective way to combat the illness, researchers said on Thursday.

Vodafone launched a Web service meshing social networks, contacts and entertainment in a bid to fend off stiff competition from Apple,, Google and Nokia.

International leaders representing the Group of 20 leading industrial nations and the European Union are gathering at Pittsburgh in the north eastern U.S. for the next two days to focus on the task of ensuring that the world emerges from the economic crisis as soon as sustainably possible.

Scientists have found strong evidence that there is water on the Moon, according to the journal Science's website.

An HIV vaccine showed modest results for the first time contradicting past thoughts that a vaccine for HIV was not possible, researchers found.

General Motors GM.UL does not expect a sharp slowdown in demand in China's auto market from potential changes in government policy, its China chief said on Thursday.

The number of U.S. workers filing new claims for jobless benefits fell last week, but a surprise drop in sales of existing homes in August suggested the economy's recovery from a severe recession would be slow.

Almost half of Germany's car industry executives had to take pay cuts as a result of the crisis, more than in any other industry, a study showed on Thursday.

Prolonged consolidation on GBP/USD, a daily chart of which is shown, has assumed a substantially more bearish bias than the euro against the dollar. This can be seen in the significant jump that the key EUR/GBP cross has made as of Thursday (9/24/2009).

U.S. stock index futures were flat on Thursday as investors awaited the latest housing and jobless data and continued to digest a policy statement from the Federal Reserve that sent shares lower in the last session.