IBT Staff Reporter

Auditor Ernst and Young LLP must face a lawsuit over its role in a $2.2 billion stock options backdating scheme at Broadcom Corp , a U.S. appeals court ruled.

Google Inc said its net revenue grew 29 percent year-over-year to $6.54 billion in the first quarter, above the $6.32 billion expected by analysts.

The recent surge in oil prices is no prelude to broader price increases that would force the Federal Reserve to raise interest rates, top Fed officials said on Thursday in what appears to be the predominant view at the central bank.

Greek borrowing costs soared to new highs on Thursday and pressure rose on other financially weak euro zone countries after Germany suggested for the first time that Athens may have to restructure its debt.

Nasdaq OMX Group Inc named a Bank of America Merrill Lynch investment banker as chief financial officer on Thursday, bringing in a seasoned dealmaker as it pursues a takeover bid of NYSE Euronext .

Google Inc's quarterly earnings missed Wall Street's target by a tad as operating expenses soared, sending its shares 5 percent lower.

Members of the House of Representatives did their part to seal Friday's last-hour deal to avert a federal government shutdown by passing legislation that will fund the federal government until the end of fiscal year 2011, September 30.

Hedge fund founder Raj Rajaratnam and his family have invested $25 million in a $35 million fund managed by one of his former top executives who testified at Rajaratnam's insider trading trial, the jury heard on Thursday.

Behind every story of economic / societal development are the workers who made them happen. It was true for ancient societies like China and true for the United States in the early 20th century. Now, it's true for booming emerging market economies like China and India.

Best Buy Co Inc said it will boost its Web presence, shrink some larger stores and open more of its smaller U.S. stores to try to win back market share from the likes of Amazon.com Inc and Wal-Mart Stores.

Google Inc fell short of Wall Street's first-quarter profit target as operating expenses surged, even though net revenue grew 29 percent year-over-year.

Stocks that outperform in a weak economy helped the Dow and S&P 500 eke out gains on Thursday as concerns about faltering growth and inflation prompted investors to seek out less volatile names.

Stocks that outperform in a weak economy helped buoy the Dow and S&P 500 on Thursday as concerns about faltering growth and inflation prompted investors to seek out less volatile names.

Shares of RIM dropped one percent today on the news that early reviewers have not greeted RIM’s latest device with much enthusiasm.

The Dow and S&P edged higher in late trading on Thursday as concerns about higher inflation prompted investors to buy staples and health shares, but a Senate investigation of Goldman Sachs hurt financials.

Google Inc fell short of Wall Street's first-quarter profit target as operating expenses surged, driving shares in the world's leading Internet search engine more than 5 percent lower.

U.S. crude oil futures rose nearly 1 percent on Thursday, as a weaker dollar offset worries that surging prices would erode demand.

Nintendo's newest console, according to multiple sources, will be capable of high-definition visuals with graphics comparable to that of Microsoft's Xbox 360 and Sony's Playstation 3.

The Gmail feature will recognize if a user is sending to the wrong person or if they forget to include someone.

As America and China grow more economically and financially intertwined, the two nations have also stepped up spying on each other. Today, most of that is done electronically, with computers rather than listening devices in chandeliers or human moles in tuxedos.

People surfing European websites will be able to turn off the cookies used to spy on their Internet habits under rules hammered out by the region's online advertisers, an industry body said on Thursday.

Facebook founder Mark Zuckerberg is facing a suit that could cost him billions if a judge finds that the documents presented so far are genuine. So the first question is whether they are or not.

Safari is the latest browser to adopt Do Not Track according to a report.

Rumors were circulating the Internet last week about a possible new romance between Dancing with the Stars star Mark Ballas and former American Idol contestant Pia Toscano.

Apple has confirmed the news that the white iPhone 4 would land this spring, but declined to specify a carrier.

The PlayBook tablet computer, Research In Motion's pocket-sized challenger to the iPad, feels rushed into service and limited by its reliance on a BlackBerry smartphone, according to early reviews before it hits North American shelves on Tuesday.

Best Buy Co Inc plans to boost its Web presence and open a greater number of small stores in the United States targeting mobile customers in an effort to win back market share from the likes of Amazon.com Inc and Wal-Mart Stores Inc.

Several advocacy groups have petitioned the Nuclear Regulatory Commission to suspend reactor licensing until a full review of the Fukushima disaster in Japan is complete.

Prices paid by U.S. factories picked up pace in March as the disruption caused by Japan's earthquake began to be felt in the auto industry and fuel prices rose strongly.