IBT Staff Reporter

Oracle Corp accused Hewlett-Packard C of secretly contracting with Intel Corp to keep Intel's Itanium microprocessor from being phased out, according to a court filing from Oracle in its long-running legal battle with HP over the Itanium platform.

A brutal year for global investors may get even worse next week should the U.S. Congress prove yet again it is too bitterly divided to deliver on its promise to cut the gaping federal budget deficit.

A brutal year for global investors may get even worse next week if Congress proves yet again it is too bitterly divided to deliver on its promise to reduce the gaping U.S. budget deficit.

Until the Lincoln Unified School District finishes investigating claims that Heidi Kaeslin's been making money on the side by working on pornographic Web sites with a retired police officer using one of its laptops, the 35-year-old California teacher will be on paid leave, The Record reported Wednesday.

A light sentence handed down on Friday for a former top UBS private banker who became a U.S. government informant on wealthy American tax cheats ramps up pressure on the Swiss banking industry.

Wall Street is in for a volatile week as escalating problems in Europe's debt crisis continue to keep investors on their toes. With light trading volume expected due to the U.S. Thanksgiving holiday on Thursday, intraday swings are likely to be wide and frequent.

Wall Street is in for a volatile week as escalating problems in Europe's debt crisis continue to keep investors on their toes.

Seven banks that helped MF Global Holdings Ltd. sell bonds were sued by pension funds who said the bonds' offering prospectuses concealed problems that led to the futures brokerage's collapse.

Seven banks that helped MF Global Holdings Ltd sell bonds were sued by pension funds who said the bonds' offering prospectuses concealed problems that led to the futures brokerage's collapse.

When he walked into the jury room to start deliberating in Rambus Inc's $4 billion antitrust lawsuit against two rivals, one juror felt confident that the small microchip designer should prevail.

The International Monetary Fund is inserting itself more forcefully into Europe's efforts to resolve its debt crisis, hoping to stem a contagion that is spreading worldwide and threatening global growth.

The International Monetary Fund is inserting itself more forcefully into Europe's efforts to resolve its debt crisis, hoping to stem a contagion that is spreading worldwide and threatening global growth.

Goldman Sachs Group Inc. has promoted 261 employees to managing director positions, according to an internal memo sent this week. It is the lowest number since 259 were promoted to similar positions in 2008.

Goldman Sachs Group Inc promoted 261 employees to managing directors this week, according to an internal memo sent this week, as the bank seeks to retain top talent amid a wave of layoffs across Wall Street.

Wells Fargo & Co plans to cut technology and operations jobs by the end of this year as the bank tries to eliminate more than $1.5 billion of quarterly operating expenses.

Merrill Lynch has agreed to pay $315 million to settle a class action filed against it on behalf of investors in 18 mortgage-backed securities trusts, according to Reuters.

United Parcel Service , the world's largest package delivery company, announced higher rates for most shipping services for 2012.

Shares of Clearwire Corp plunged as much as 31 percent after a Wall Street Journal report quoted its CEO as saying the company was considering skipping a $237 million interest payment due December 1.

Synacor Inc, partly owned by Intel Corp, filed with U.S. regulators on Friday to raise up to $75 million in an initial public offering, reviving its plans to tap the public markets after three years.

It was a telling moment at the height of the Occupy Wall Street protests.

Shares of Clearwire Corp. fell as much as 31 percent after the company said it may skip its massive debt payment on Dec.1.

Federal investigators are looking into a report that hackers managed to remotely shut down a utility's water pump in central Illinois last week, in what could be the first known foreign cyber attack on an industrial system on U.S. soil.

The worst week for U.S. stocks in two months ended with traders mostly sitting it out on Friday as they waited for politicians in Europe and the United States to tackle festering debt problems.

A federal investigation into last year's cyber attack on Nasdaq OMX Group found surprisingly lax security practices that made the exchange operator an easy target for hackers, people with knowledge of the probe said. The sources did not want to be identified because the matter is classified.

Logitech, which lost tens of millions of dollars building set-top boxes for Google TV, would back the project again, but would be much more cautious, its chief executive said.

When Ray Lane took over as chairman of Hewlett-Packard Co a year ago, he was looking forward to working with longtime associate Leo Apotheker, who had just been appointed CEO to repair the damage done by the messy departure of Mark Hurd.

Chip McBreen, who leads fraud prevention and security at Members 1st Credit Union in Pennsylvania, has become a believer in facial recognition tools to stop bank fraud. He says the emerging technology has already delivered results for the institution many times.

Few companies are making plans for a break-up of the euro zone or a deeper debt crisis and many believe they could yet escape unscathed if executive views at an investor conference this week are any guide.

Thanksgiving Day is for eating turkey, watching football and, apparently, shopping at lower-end retailers.