IBT Staff Reporter

Apple's first quarter in the post-Steve Jobs era was a success.

The owner of Japan's stricken nuclear reactor, Tokyo Electric Power Co, will agree to be taken over by the government in a near-$13 billion bailout, sources said on Thursday, even as the country debates the future of nuclear power.

The owner of Japan's stricken nuclear reactor, Tokyo Electric Power Co, will agree to be taken over by the government in a near-$13 billion bailout, sources said on Thursday, even as the country debates the future of nuclear power.

Wanted: Skilled executives willing to take over large, failing U.S. financial firms at a moment's notice.

With worries about the debt crisis in Europe and high unemployment in the United States drawing the public's attention, the sliding value of corporate pension funds has largely gone unnoticed.

Netflix Inc signed up more U.S. subscribers than expected in the fourth quarter, reversing a wave of defections triggered by a series of high-profile missteps last year and pushing its shares up 13 percent.

The futures regulator said on Wednesday that its spot check of major futures brokerages did not find any material breaches of protections for customer funds.

Flash memory supplier SanDisk warned that weaker demand from some mobile device manufacturers would hurt its revenue in the first half of this year, sending its shares sharply lower.

Increasing taxes on the wealthy would bring fairness to U.S. taxpayers across the board, billionaire investor Warren Buffett said on Wednesday, backing the tax reform that President Barack Obama proposed in his State of the Union address.

Treasury Secretary Timothy Geithner said on Wednesday he would not expect to be asked to continue as Treasury chief if President Barack Obama wins re-election.

Apple's first quarter in the post-Steve Jobs era was a success.

J.C. Penney Co Inc is changing everything from its pricing strategy and store layout to its exclusive merchandise lines as the department store chain seeks to jettison the wide margin-sapping discounts that failed to bring in customers.

Below are highlights from Federal Reserve Chairman Ben Bernanke's news conference following the Fed's policy meeting on Wednesday.

Apple CEO Tim Cook has a problem, a $98 billion problem.

Nokia, the world's largest cellphone maker by volume, is expected to remain barely in the black in the fourth quarter, with its new Windows Phone models yet to compensate for diving sales of its legacy smartphones.

Netflix Inc said on Wednesday that it expects Amazon.com Inc to brand its video streaming offering as standalone service.

Symantec Corp, the top maker of computer security software, reported a higher quarterly profit and issued an outlook in line with Wall Street estimates.

Symantec Corp, the top maker of computer security software, reported a higher quarterly profit and issued an outlook in line with Wall Street estimates.

David Ko, Zynga's chief mobile officer, has one of the most important and pressure-filled at the online gaming company -- he's charged with figuring out ways to get people to play Zynga's games on tablets and smartphones.

I've never been to Davos, despite attempts by many over the years to persuade me to go. Don't get me wrong. I understand that it is a special event for many people, and for many reasons. It is anchored by wide-ranging and engaging agendas, and participants get to mingle with a global cornucopia of important people. It is also the place to see and be seen for heads of state, politicians, academic...

The Republican candidates for president have some major differences in their policies and their personal lives. But they have one striking thing in common - they all say the federal government is responsible for the financial crisis. Even Newt Gingrich says: The fix was put in by the federal government.

Treasury Secretary Timothy Geithner sought to calm fears that the Obama administration's bank reforms were hostile to the U.S. financial industry, saying on Wednesday the reforms were "tough where they need to be tough."

Insider Thorsten Heins, the new chief executive at BlackBerry maker RIM, is a surprise choice for those looking for a transformational leader from outside to turn around the Canadian group's fortunes.

The epic global shifts of 2011 transformed the political, economic, and social landscape from Shanghai to Sao Paolo, Washington to Cairo. No leader is safe from the vagaries of social unrest; no economy (not even China's) is unaffected by contagion from an over-leveraged, under-managed euro zone. No country is immune from the threat of asymmetric attacks - anything from a terrorist bomb to cybe...

Big profits from Apple and a promise from the Federal Reserve to keep rock-bottom rates for at least two more years powered the U.S. stock market higher on Wednesday.

Political convulsions in the euro zone have only just begun. Six prime ministers have been kicked out of office, protesters have occupied public spaces, nationalist parties have grown in popularity, and two countries have appointed technocratic leaders. And that was just 2011. The coming year is likely to prove even tougher on the economic front as the crisis continues to rage, austerity bites, an...

Treasury Secretary Timothy Geithner sought to calm fears that the Obama administration's bank reforms were hostile to the U.S. financial industry, saying on Wednesday the reforms were tough where they need to be tough.

Shares of Research In Motion rose 8.6 percent on Wednesday, rebounding after two days of declines on disappointment over the choice of an company insider as the BlackBerry maker's new chief executive.

Apple Inc shares surged the most in more than three years, after skyrocketing iPhone and iPad sales helped it smash Wall Street expectations, prompting analysts to raise their price targets on the stock by as much as $100.