IBT Staff Reporter

Chrysler Group LLC and the United Auto Workers union are discussing a plan that would lift the base wages of entry-level workers at the No. 3. U.S. automaker over time, two people involved in the talks said on Thursday.

President Barack Obama's jobs package could lift economic growth by one to three percentage points in 2012, add well over one million jobs and lower the unemployment rate by at least half a percentage point, judging by early estimates.

South Korea's LG Electronics Inc denied on Friday a media report that it had slashed overseas staff in its struggling mobile phone division by about 30 percent as a part of broad-based reforms to turn the money-losing business around.

G7 finance chiefs meet on Friday under heavy pressure to take action over flagging growth in rich nations and calm the biggest confidence crisis to hit the global economy since the 2007-09 credit crunch.

Deutsche Boerse late on Thursday said shareholders in the Frankfurt-based exchange operator who had not yet tendered their stock as part of the NYSE Euronext deal, would not be forced to do so as part of a so-called squeeze-out.

President Barack Obama proposed a $447 billion jobs package on Thursday to help boost the U.S. economy, challenging Congress to pass legislation made up largely of tax cuts for workers and businesses.

Former Yahoo Inc Chief Executive Carol Bartz and her erstwhile employer are dueling over Bartz's board seat, which she says she wants to keep, despite being fired from running the company.

Bank of America executives have discussed slashing roughly 40,000 jobs during the first wave of a restructuring, the Wall Street Journal reports, citing people familiar with the plans.

President Barack Obama proposed a $447 billion package of tax cuts and spending measures on Thursday aimed at spurring growth and hiring.

South Korean police said they had begun investigating Samsung Card over the alleged leakage of personal information on its customers.

Two lawsuits by three Chinese dissidents and a human rights group accusing Cisco Systems Inc. of abetting imprisonment and torture could have far-reaching impact on how U.S. technology companies conduct business in authoritarian regimes.

Michele Bachmann was the only Republican to give a formal, full-length rebuttal to President Obama's jobs speech Thursday night; House Majority Leader Eric Cantor spoke briefly to Bloomberg TV and House Speaker John Boehner issued a short statement.

When President Obama addressed Congress Thursday night, he wanted to put forward a bold, yet agreeable proposal to help jump-start the economy. Here are five things President Obama would want you to take away from his jobs bill, if nothing else.

SAP AG agreed to plead guilty to unspecified charges in a criminal case involving unauthorized access to computers maintained by software rival Oracle Corp, according to a court filing.

Internet domain name provider VeriSign Inc said its chief financial officer Brian Robins, who played a key role in the company's long drawn out restructuring process, has resigned.

SAP AG said it pleaded guilty to unspecified charges in a criminal case involving unauthorized access to computers maintained by software rival Oracle Corp.

Former directors of a Lehman Brothers Holdings Inc affiliate are objecting to the proposed release of $90 million in insurance funds to settle an investor lawsuit against ex-Chief Executive Richard Fuld and other officials.

Rick Perry's biggest talking point in his young campaign has been the strength of the Texas economy. He frequently notes that his state has created more jobs than any other since the economy soured, and he boasts about Texas's ability to manage its own health care system without federal interference. But the facts are somewhat different.

President Barack Obama laid out a $447 billion jobs package of tax cuts and government spending on Thursday that will be critical to his re-election chances but he faces an uphill fight with Republicans.

Tom Montag made an unusually savvy career move when he joined Merrill Lynch in May 2008, shortly before the investment bank came to the brink of failure.

Shareholder activist Daniel Loeb has scooped up shares of Yahoo Inc and is demanding that the company overhaul its board, saying the directors have made serious misjudgments and destroyed value for stockholders.

The judge overseeing a potential billion dollar patent case between Oracle and Google is angling for a summit of Silicon Valley's two most famous Larrys.

Allianz Global Investors has reduced the fees on its target-date funds by as much as 33 percent to compete with its rivals.

Federal Reserve Chairman Ben Bernanke on Thursday said the U.S. central bank would spare no effort to boost weak growth, but to the dismay of investors stopped short of a full plunge into further monetary support.

Stocks closed sharply lower on Thursday after Federal Reserve Chairman Ben Bernanke gave no indications of new stimulus measures to boost the flagging economy in a keenly awaited speech.

First responders are not invited to the 9/11 National Memorial for the upcoming 10th anniversary ceremony, in what many people are calling a slap in the face to those who risked their lives to save others from the World Trade Center and the Pentagon.

President Barack Obama pressed Congress on Thursday to act urgently to approve a jobs package of tax cuts and government spending he is proposing to pull the United States out of a national crisis.

Twitter is preparing to broaden the areas of its service where ads appear, but the company is in no hurry to undertake a hotly-anticipated initial public offering.

Hundreds of Longshore workers Thursday morning stormed the port in Longview, Wash. in a labor dispute-overpowering security guards as they dumped grain and damaged rail cars.