IBT Staff Reporter

Senior executives within Goldman Sachs have talked about splitting the roles of chief executive officer and chairman, two sources said, although pressure for any imminent move appears to have eased after a deal with a labor union pension fund.

The bank industry, struggling to make the profits it used to, is using the struggles of another industry for its marketing: The Postal Service.

Stock index futures rose on Wednesday with large-cap shares looking to pierce 52-week highs, but the major indexes were not seen making big moves before the end of the quarter.

Goldman Sachs Group Inc's first-quarter earnings are expected to benefit from the increased use of derivatives by European clients seeking ways to hedge risk, according to an internal report seen by Reuters.

Britain's economy shrank by more than expected in the last three months of 2011 than previously thought, driven down by a weaker services sector, official data showed on Wednesday.

Mark Zuckerberg wants at least $5 billion from Wall Street investors, but those investors will not be getting much face time in return.

Britain's economy shrank by more than expected in the last three months of 2011 than previously thought, driven down by a weaker services sector, official

Apple Inc will email all buyers of its new iPad in Australia to offer them a refund, a lawyer for the company said on Wednesday, after the nation's consumer watchdog accused it of misleading advertising over one key aspect of the product.

Pressure is building in Britain and Australia for fresh probes into Rupert Murdoch's News Corp, already under siege over phone-hacking claims, after allegations that it ran a secret unit that promoted pirating of pay-TV rivals.

Nokia said on Wednesday it would start to sell its new range of smartphones using Microsoft's Windows Phone software in China from April through China Telecom, the third-largest operator in the country.

Societe Generale aims to cut the liquidity needs of its corporate and investment bank by 50 to 60 billion euros ($79.93 billion) as it sells more loans, the French bank said on Wednesday in a slide presentation.

CEO Bob Benmosche says U.S. taxpayers will earn up to $10 billion on the $182 billion rescue of American International Group , the insurance company he runs. Of course, that depends on how one defines profit.

Stocks retreated from near four-year peaks on Tuesday, while a batch of large-cap shares hit new highs, with the help of portfolio managers snapping up top performers near the end of the quarter.

Union workers will step up industrial action against seven Australian coal mines operated by BHP Billiton , which are among the largest in the world, a union official said on Wednesday.

Insolvent oil refiner Petroplus said on Wednesday it planned to negotiate a sale of its assets and would delist its stock and a $150 million convertible bond from the Swiss bourse by mid-May.

Bank of America Corp is looking to create an international advisory board that could help steer chief executive officer Brian Moynihan's overseas strategy, according to sources familiar with the matter.

Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory in the U.S. economic recovery, warning against complacency in policymaking as the outlook brightens.

Abu Dhabi investors have discussed a 10 billion pound ($15.97 billion) investment into Royal Bank of Scotland , the Financial Times reported on Wednesday.

Enbridge Inc and Enterprise Products Partners LP will more than double capacity of the Seaway Pipeline and expand another line from Illinois to ship more crude oil out of the glutted U.S. Midwest.

The parent of American Airlines on Tuesday sought bankruptcy court approval to throw out labor contracts, a move that puts new pressure on pilots, flight attendants and other unionized workers to quickly agree to concessions.

BATS Global Markets Inc stripped Chief Executive Joe Ratterman of the chairman's role on Tuesday, days after the No. 3 U.S. exchange operator's botched initial public offering.

Research In Motion has delayed its annual presentation to financial analysts, usually held during the BlackBerry World conference in May, until it launches its next-generation smartphones.

A lawyer discovered how far the U.S. Supreme Court will go to close itself off from the public when it hears a case, no matter how many people on Twitter may be interested.

Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory on the U.S. economy, warning against complacency in policymaking as the outlook brightens.

U.S. companies and the federal government would be able to share information about cybersecurity threats more easily under a bill introduced in the U.S. House of Representatives on Tuesday.

Federal Reserve Chairman Ben Bernanke said on Tuesday it is too soon to declare victory on the U.S. economy, warning against complacency in policymaking as the outlook brightens.

Stocks retreated from near four-year peaks on Tuesday, while a batch of large-cap shares hit new highs, with the help of portfolio managers snapping up top performers near the end of the quarter.

Dubai's top security official accused supporters of the Muslim Brotherhood in the United Arab Emirates on Tuesday of using social media to stir up opposition to the Gulf's ruling elite.

Research In Motion has delayed its annual presentation to financial analysts, usually held during the BlackBerry World conference in May, until it launches its next-generation smartphones.