IBT Staff Reporter

Plunging profit at Volkswagen (VOWG.DE), slumping sales at PSA Peugeot Citroen (PEUP.PA) and job cuts by Volvo (VOLVb.ST) on Wednesday highlighted the dire state of Europe's automotive industry.

I am seeking a job as an Accounting/Operations Manager. Half of my experience (aside from education) comes from running a family-owned (i.e., my husband is the President) business. I've been meeting with recruiters and submitting my résumé for consideration online for certain opportunities, without much luck. Could working for a family business affect my ability to get a job? How do I overcome th...

U.S. regulators want the top 19 banks being stress-tested to have at least 3 percent tangible common equity, according to a source familiar with the regulatory talks.

Bluetooth technology version 3.0 gets up to 8x more faster as it was announced from an ongoing event “Version 3.0 – Bluetooth Technology, Faster an annual all hands meeting conference in Tokyo this week.

The finance chief of troubled U.S. mortgage giant Freddie Mac, David Kellermann, was found dead on Wednesday after apparently committing suicide, a police source said.

U.S. single family homes saw a seasonally adjusted price increase of 0.7 percent in February from January, the amount however remains down 6.5 percent from a year earlier, the Federal Housing Finance Agency said on Wednesday.

David Kellermann, the acting chief financial officer of cash-strapped giant Freddie Mac, was found dead at his home Wednesday morning in what police said was an apparent suicide.

Stocks rose on Wednesday as several corporate executives gave positive outlooks that eased concerns about the global recession, while better-than-expected results from AT&T Inc lifted technology shares.

The judge overseeing Microsoft's antitrust settlement extended her monitoring of the software giant by 18 months on Wednesday, while noting the oversight was at a much better place than a few months ago.

General Motors Corp is unlikely to make a $1 billion debt payment due June 1 because it expects to be in the process of restructuring its debt through a voluntary exchange or bankruptcy court by that point, a spokeswoman for the automaker said on Wednesday.

Morgan Stanley posted a wider-than-expected quarterly loss on Wednesday and slashed its dividend as real estate investment losses and a debt-related charge wiped out strong trading and banking fees.

AT&T Inc posted a smaller-than-expected drop in quarterly profit on improved margins for its wireless service, helped by the iPhone, and strong growth for its video and high-speed Internet service.

U.S. auto dealer representatives will meet with the government task force charged with retooling the auto industry on Thursday to make the case that a bankruptcy for General Motors Corp should not be an option, people briefed on the planned meeting told Reuters on Wednesday.

Mega-malls may be big, but when you need a fart noise generator, sometimes it's the smaller shops that do the trick -- at least that's true of the crop of virtual mobile retailers called app stores.

Prices of U.S. single-family homes rose by a seasonally adjusted 0.7 percent in February from January but were down 6.5 percent from a year earlier, the Federal Housing Finance Agency said on Wednesday.

The S&P 500 and the Nasdaq rose on Wednesday as several corporate executives gave positive outlooks that eased concerns about the global recession, while a better-than-expected profit from AT&T lifted technology shares.

Boeing Co said its quarterly profit narrowed due to order deferrals by cash-strapped airlines, but its shares rose as the planemaker affirmed its production schedule.

Microsoft is not interested in buying any hardware companies, Chief Executive Steve Ballmer said in Cairo on Wednesday.

Using a mobile phone to send text messages or surf the Web by laptop will be up to 60 percent cheaper for travelers in the European Union under price curbs adopted by the European Parliament on Wednesday.

Ford Motor Co said Tuesday it expects first quarter results to be lower, but shares jumped on as analyst upgraded the firm citing a brighter future.

Amazon's Kindle 2 electronic reader retails for $359 but costs about half that amount to build, research group iSuppli Corp said on Wednesday.

Wells Fargo & Co posted a record first-quarter profit of $3.05 billion as a surge in mortgage refinancings helped it displace Bank of America Corp as the nation's largest home lender.

The pregnancy was unexpected, and for one 32-year-old single mother in Syracuse, New York, the ailing economy became a factor in her decision to have an abortion.

David Kellermann, acting chief financial officer of troubled U.S. mortgage giant Freddie Mac, was found dead on Wednesday in his suburban Virginia home after apparently committing suicide, a local police source said.

Goldman Sachs upgraded the U.S. auto sector to

The United States carries a substantial share of blame for the current economic crisis but the world must work together to ease the strains, Treasury Secretary Timothy Geithner said on Wednesday.

Gilead Sciences Inc said on Tuesday first-quarter profit rose 21 percent, topping analysts' expectations, on increased sales of its drugs to treat the virus that causes AIDS.

Stocks rose on Wednesday as a broker upgrade of Caterpillar lifted big manufacturers, while biotechnology shares got a boost from better-than-expected results from Gilead Sciences.

AT&T Inc posted a smaller-than-expected drop in quarterly profit on strong subscriber growth for its video and high-speed Internet service, as well as improved margins for its wireless service.