IBT Staff Reporter

Bank of America Corp shares rose as much as 10 percent on Wednesday after analysts said the bank's capital needs were not as dire as some had feared.

Botox, an Allergan, Inc.-made injection drug, was approved Wednesday by the U.S. Food and Drug Administration to treat those with urinary incontinence and neurologic conditions such as spinal cord injury and multiple sclerosis who have overactivity of the bladder.

Sprint Nextel will start selling the next version of the Apple iPhone in mid-October, according to a report in the Wall Street Journal that cited unnamed sources.

A sweeping U.S. budget deal has brightened the country's fiscal outlook but its gains could evaporate if Congress extends tax breaks in coming years, nonpartisan congressional forecasters said on Wednesday.

New orders for long-lasting U.S. manufactured goods rose in July, offering hope the ailing economy could dodge a second recession even though a gauge of business spending fell.

The co-chairmen of a U.S. congressional super committee on deficit reduction said on Wednesday they are discussing rules and a schedule of meetings for the 12-member panel, but offered no immediate details.

The historic earthquake caused a historic damage as it shook the nation's capital.While the mess around Washington, D.C. is being cleaned up on Wednesday, the Washington Monument in the heart of the city remained encircled within a black fence - due to a crack caused by Tuesday's 5.8-magnitude earthquake centered in Virginia.

Analysis: What can be taken away from HP's success with the Touchpad?

Welcome to the Camry Chronology -- everything you've ever wanted to know about one of the world's most popular cars.

Rick Perry surged ahead of Mitt Romney in a Gallup poll released Wednesday, underscoring how conservative the Republican presidential primary race has become.

The grandson of the late actor Clark Gable was charged in Los Angeles on Tuesday with pointing a laser at a police helicopter and momentarily blinding two officers on board, prosecutors said.

Heavy rain from the path of Hurricane Irene will do little to alleviate severe drought conditions that have plagued the nation’s midsection throughout the spring and summer.

U.S. researchers say a new, highly effective class of psoriasis drugs showed no link to heart problems after a study, published Tuesday, found that the effectiveness of drugs did not necessarily identify rare safety problems.

Hurricane Irene reached 120 mph as it intensified, ravaging Acklins and Crooked Islands in the southeastern Bahamas. The National Hurricane Center said that Irene is a large and dangerous storm and that it is expected to gain momentum in the next day.

U.S. stocks edged higher on Wednesday, extending the previous day's 3 percent rally, in anticipation the Federal Reserve chief would hint of stimulus measures to aid the struggling economy on Friday.

Airlines are now required to clearly post all optional fees on their Web sites, increase compensation for passengers bumped from flights, and provide shorter waiting periods on the tarmac.

Reversing its view from a year ago, a federal appeals court said Verizon Wireless customers must resolve disputes over alleged fraudulent cellphone charges individually through arbitration rather than as a class.

Gold dropped 4 percent on Wednesday as a sharp rise in U.S. durable goods orders and uncertainty ahead of Federal Reserve Chairman Ben Bernanke's speech to central bankers sparked bullion's biggest one-day drop in 2.5 years .

Sunday's MTV Video Music Awards will feature an indoor black carpet, a theme of the space-time continuum of music, and something from Lady Gaga that we've never seen before.

Joe Berlinger's and Bruce Sinofsky's Paradise Lost 3: Purgatory, the third of the filmmakers' documentaries about the case of the West Memphis Three, will premiere at the 49th New York Film Festival with a new ending incorporating the recent release of the three from prison.

The El Nino climate cycle brings not only high temperatures and dry weather, but also possibly civil wars, a new study claims.Between 1950 and 2004, the risk of civil wars doubled in 90 tropical countries when bit by El Nino every three to seven years, according to a study published in Wednesday's Nature.

A 7.0-magnitude earthquake hit a remote Amazon region of Peru on Wednesday, reports Reuters.

There's still a bit of summer left in 2011, so why not make the most of it and check out these end of summer travel deals for last minute vacationers (or anybody who wants one last getaway)

Google has paid the DOJ $500 million for allowing Canadian pharmacies to place advertisements on its Adwords program, thus helping them get revenue from the illegal transfer of drugs to the U.S.

Back in December, writer and actress Carrie Fisher began a long journey to shed pounds, hiring on as a celebrity spokeswoman for weight loss company Jenny Craig and targeting 30 lbs. She did far better.

This year's Primetime Creative Arts Emmys will contain a little taste of the drama surrounding Two and a Half Men.

Crews worked on Wednesday to drain propane from a rail tank car that has been burning in a Northern California city for nearly 24 hours, forcing the evacuation of 4,800 homes and businesses.

Hedge funds run by sophisticated computer programs are profiting from large falls in stock markets and a rocketing gold price this month, even as funds managed by human beings struggle to cope with high market volatility.

Hedge funds run by sophisticated computer programs are profiting from large falls in stock markets and a rocketing gold price this month, even as funds managed by human beings struggle to cope with high market volatility.