IBT Staff Reporter

Formula One could live without Ferrari if they were to walk away in protest at the introduction of a budget cap, according to International Automobile Federation (FIA) president Max Mosley.

DAKAR - Senegal has abandoned a planned share sale that would have handed majority ownership of state telecoms company Sonatel to France Telecom, government and union officials said on Friday.

Warren Buffett on Saturday said he believes the Berkshire Hathaway Inc derivatives contracts tied to equity stock indexes will probably make money, but those tied to the credit quality of junk bonds may end up in the red.

Vanessa Baug knows as well as anyone how the recession has ushered in a new era of frugality for Americans. Sales at her once-thriving jewelry store have plummeted. Some days she sells nothing.

Barack Obama is reveling in presidential power and influence unseen in Washington for decades.

By one measure, Warren Buffett is coming off his worst year ever. But by another measure, the investor may be more popular than ever.

U.S. stocks keep proving the naysayers wrong, as major averages continue to gain despite expectations for the recent rally's demise. And next week may be no different.

U.S. big businesses are being pushed by lawmakers and regulators to expand shareholder democracy in the wake of the financial crisis -- with executive pay and board of director elections the main areas where changes soon could be on the way.

The Hawaiian Islands are located in the middle of the Pacific Ocean approximately 2,400 miles (4.000 km) southwest of California. You can go there only by airplane or boat. There are six major islands: Oahu, Maui, The Big Island of Hawaii, Kauai, Molokai and Lanai. Each island is unique and may feature live volcanoes, lava flows, tropical rain forests, beautiful beaches, sugar cane fields, pineapp...

Major U.S. airlines including Delta Air Lines, U.S. Airways, Continental Airlines and UAL Corp's United Airlines said they were cutting services to Mexico on Friday, citing lower demand for flights to the country hard hit by a flu outbreak.

(Corrects number of countries with confirmed flu cases to 15)

Major U.S. airlines including Delta Air Lines, U.S. Airways, Continental Airlines and UAL Corp's United Airlines said they were cutting services to Mexico on Friday, citing lower demand for flights to the country hard hit by a flu outbreak.

The amount of capital that Citigroup Inc would need to raise after U.S. stress test results are finalized is likely to be manageable if the bank needs to boost its equity at all, people familiar with the matter said on Friday.

The amount of capital that Citigroup Inc would need to raise after U.S. stress test results are finalized is likely to be manageable if the bank needs to boost its equity at all, people familiar with the matter said on Friday.

U.S. regulators seized Silverton Bank of Atlanta on Friday, a bank that provided services to other banks and the biggest bank failure so far this year, but officials said the impact would be minimal.

The amount of capital that Citigroup Inc would need to raise after U.S. stress test results are finalized is likely to be manageable if the bank needs to raise funds, people familiar with the matter said on Friday.

Washington Mutual Inc on Friday asked a U.S. bankruptcy court to let it probe whether JPMorgan Chase & Co had unlawfully damaged its former thrift unit's assets in order to buy it on the cheap, at $1.9 billion, last September.

Apple's push toward its own microchips could dislodge partners

U.S. Airways, Continental Airlines and United Airlines parent UAL Corp temporarily cut service to Mexico on Friday, citing lower demand for flights to the country hardhit by a flu outbreak.

Fiat's lifeline to Chrysler has cast it in the unlikely role of saviour of the U.S. car industry but a further deal with Opel might be a bridge too far.

Petrobras may be embarking on opening a new era for Latin America's largest economy

Citigroup Inc may need to generate up to $10 billion in new capital to meet the requirements of the U.S. government's stress tests, the Wall Street Journal reported on its website on Friday,

United Airlines parent UAL Corp said on Friday it would temporarily cut service to Mexico, becoming the second major U.S. airline to curb service to the country hit hard by a flu outbreak.

The cybersecurity chief named to battle Internet viruses and larger challenges facing the information technology networks used by U.S. companies and national defense should be based in the White House, experts told a congressional panel on Friday.

The White House administration said today that it will be joining three social networking sites in a bid to expand how the administration communicates with the public.

The federal government shut down Atlanta-based Silverton Bank on Friday, dealing a blow to a “bankers bank” with 1,400 client banks in 44 states, Federal regulators said today.

Chrysler LLC, which filed for bankruptcy protection yesterday, pursued an alliance with Nissan Motor Co. in July of last year before reaching out eventual partner Fiat SpA, according to a report.

U.S. banking regulators seized Silverton Bank of Atlanta on Friday, a bank that provided services to other banks, the biggest bank failure so far this year.

Chrysler LLC’s secured lenders include the Bill and Melinda Gates Foundation, Halliburton Co., Yale University, and the University of Kentucky, according to a report.