IBT Staff Reporter

As a court official read the verdict aloud in a Manhattan federal courtroom, hedge fund founder Raj Rajaratnam's lead lawyer John Dowd began ticking off the guilty counts on his verdict sheet.

Cisco Systems Inc warned of another weak quarter as it struggles to revive growth, reversing a brief share rally after quarterly earnings beat Wall Street expectations.

Amazon.com could cut its partnership with affiliates in more U.S. states that require the online retailer to collect sales tax, Chief Executive Jeff Bezos said on Wednesday.

Hedge fund founder Raj Rajaratnam was found guilty on all 14 counts of insider trading in a sweeping victory for the government and a vindication of its aggressive use of phone taps to pursue Wall Street crimes.

Oil prices tumbled nearly 5 percent on Wednesday, as easing supply concerns sent gasoline into a tailspin that briefly forced trading on the New York Mercantile Exchange to stop.

Samsung and Acer Inc laptop computers using Google's Chrome operating system will go on sale in June, as the world's No. 1 Internet search engine tries to entice people to do more on the Web.

Longtime Republican foe of Washington Democrats Newt Gingrich threw his name into the ring of the 2012 presidential race, even as the White House said President Barack Obama hasn't opined on the GOP process.

Cisco Systems Inc, the world's biggest networking equipment maker, reported quarterly earnings above Wall Street projections as profit margins beat its own expectations.

Stocks nearly erased a three-day rally on Wednesday as energy and other commodity shares sank, feeding worries about the market's ability to stay on its upward path.

Holding internet platforms liable for third-party content would lead to self-censorship and reduce the free flow of information, Google Inc said on Wednesday in reaction to India's new rules.

Telecom equipment maker Alcatel-Lucent sees no end in sight to booming demand in the United States as major operators invest to keep up with a data overload driven by smartphones and streaming video.

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Larger financial firms should face more onerous regulatory requirements to make sure they can withstand turbulence in economy or credit markets, Federal Reserve Chairman Ben Bernanke will say on Thursday.

Oil prices tumbled over 4 percent on Wednesday after an unexpected rise in gasoline stocks amid slowing demand sent prices into a tailspin, triggering a five-minute halt in trade and fueling the second big commodities sell-off in a week.

Intel Corp said on Wednesday it plans to sell up to 10 million shares of wireless service provider Clearwire Corp to book certain tax benefits.

Check out a summary of quotes that have been made during the Sony hacking, PlayStation network ordeal.

American International Group and the Treasury said they will sell around $9 billion in AIG stock, suggesting the government's exit from its crisis-era investment will be slower and less profitable than originally thought.

Hedge fund founder Raj Rajaratnam was found guilty on all 14 counts of insider trading in a sweeping victory for the government and its aggressive use of phone taps to prosecute Wall Street crimes.

Stocks nearly erased a three-day rally on Wednesday as energy and other commodity shares sank, feeding worries about the market's ability to stay on its upward path.

Minneapolis Federal Reserve Bank President Narayana Kocherlakota on Wednesday repeated his call for a half-percentage-point interest rate hike by year-end, lending his weight to what still appears to be a minority view at the U.S. central bank.

Oil prices tumbled 4 percent on Wednesday, dragged down by a plunge in gasoline futures that triggered a brief halt in trade on the New York Mercantile Exchange.

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NASA captures images of Vesta, a large asteroid in the asteroid belt between Mars and Jupiter.

Alibaba Group's latest message to Yahoo sounds a lot like the last one: it wants its shares back.

A security measure that Sony Corp installed made one of the official PlayStation websites unavailable in Japan.

Troubled actress Lindsay Lohan pleaded no contest to misdemeanor theft through her lawyer on Wednesday. By doing this, she avoided jail time but received 120 days of house arrest instead.

Top executives of AT&T Inc and T-Mobile insisted on Wednesday their proposed merger would benefit consumers and rejected criticisms that it would stifle innovation.

A surge in income tax receipts helped cut the U.S. monthly budget deficit in half in April compared to a year ago, figures issued by the Treasury Department on Wednesday showed.

Stocks dropped on Wednesday, ending a three-day rally, as energy and other commodity shares sank, fueling worries about the market's ability to pursue its upward path.