IBT Staff Reporter

The Obama administration wants Fannie Mae and Freddie Mac, which finance the bulk of U.S. mortgages, to start reducing loan balances for troubled borrowers, but with safeguards to prevent them from purposely defaulting to obtain relief.

A former Intel Corp employee who allegedly stole from the chipmaker documents worth hundreds of millions of dollars pleaded guilty on Friday to five counts of wire fraud.

The government's reporting on air quality is creating debate and suspicion in China, where people are increasingly doubting the pollution data released by the authorities.

U.S. regulators on Friday proposed a rule that would move television broadcasters' public files to the Internet, making it easier to access information about political spending on TV advertising.

Los Angeles Dodgers said on Friday it expects to emerge from bankruptcy by the end of April, after a group spearheaded by basketball great Earvin Magic Johnson last week agreed to buy the baseball franchise.

The chief executives of General Motors , AIG, and Ally Financial had their 2012 compensation packages frozen for a second year in a row by the Treasury Department after they got exceptional bailout help during the financial crisis.

A U.S. appeals court on Friday showed few signs that it was prepared to support a request by Apple Inc to block immediately the sale of some Samsung Electronics smartphones and tablets.

Yahoo Inc's head of products is leaving the company, ahead of a major reorganization aimed to return the struggling Web company to growth.

Faced with rising gas prices, Chinese citizens are becoming increasingly frustrated. In late March, the price at the pump in China for regular gasoline reached over 8 yuan per liter, or over $4.8 per gallon. Premium gasoline in China now sells for more than $5 per gallon.

Since October, estimates for first-quarter earnings growth have tumbled while the S&P 500 has surged. With the earnings season starting next week, the outlook is not as sunny as in previous quarters.

Stock futures closed lower on Friday in brief, holiday-thinned trading after a much weaker-than-expected report on U.S. job growth for March.

Payrolls rose far less than expected in March, keeping the door open for further monetary policy support from the Federal Reserve, even as the unemployment rate fell to a three-year low of 8.2 percent.

A monthly gauge of online labor demand in the United States held steady in March, with transportation and retail registering strong growth, the operator of a job search website said on Friday.

Since October, estimates for first-quarter earnings growth have tumbled while the S&P 500 has surged. With the earnings season starting next week, the outlook is not as sunny as in previous quarters.

Samsung Electronics, the world's top technology firm by revenue, estimated operating profit nearly doubled in January-March from a year ago, boosted by sales of its flagship Galaxy smartphones and its Note mini-tablet and phone.

Samsung Electronics, the world's top technology firm by revenue, estimated operating profit nearly doubled in January-March from a year ago, boosted by sales of its flagship Galaxy smartphones and its Note mini-tablet and phone.

Coca-Cola Co is dropping its membership in a conservative national advocacy group that supports Stand Your Ground laws such as the one being used as a defense in the Florida killing of an unarmed black teenager, Trayvon Martin.

The largest U.S. grain trade group on Thursday said Congress and commodities regulators should adopt its recommendations to protect customer funds and restore market confidence after the collapse of giant broker MF Global.

Dennis Kozlowski, the former Tyco International CEO whose $6,000 shower curtain made him a symbol of corporate greed, was denied parole this week, New York's Department of Corrections said on Thursday.

A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents.

Accused LulzSec hacker Cody Kretsinger pleaded guilty on Thursday in federal court in California to taking part in an extensive computer breach of Sony Pictures Entertainment.

A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents.

Yahoo Inc CEO Scott Thompson will outline his long-term strategy and vision for the struggling Internet company at an all-hands meeting for staff next Tuesday, a source at the company told Reuters, days after Thompson announced the deepest round of job cuts in years.

Coca-Cola Co is dropping its membership in a conservative national advocacy group that supports Stand Your Ground laws such as the one being used as a defense in the Florida killing of an unarmed black teenager, Trayvon Martin.

State Street Corp has unveiled a new twist in its legal defense against charges of foreign exchange fraud: We're not like Bank of New York Mellon Corp . While both custody banks deny they routinely overcharged state pension fund clients on foreign-exchange trades, State Street is trying to score points in court by highlighting differences in the phrases it used in market...

Facebook Inc, preparing what would be Silicon Valley's largest IPO, has picked Nasdaq over the New York Stock Exchange for its listing in a major victory for the technology-laden U.S. bourse, a source familiar with the situation said on Thursday.

Yahoo Inc CEO Scott Thompson will outline his long-term strategy and vision for the struggling Internet firm at an all-hands meeting for staff next Tuesday, a source at the company told Reuters, days after he announced the deepest round of job cuts in years.

Google Inc's chief executive said the company's fledgling social network, Google+, has scored more than 100 million active users, and he reiterated the Internet search giant's commitment to making long-term bets.

Stocks mostly dipped on Thursday, but the S&P 500 ended its worst week this year as growing pressure on Europe's debt markets revived concerns about the region's financial stability.