IBT Staff Reporter

Martin Gruenberg, the vice chairman of the Federal Deposit Insurance Corp, is in line to be a possible successor to Chairman Sheila Bair after she steps down later this year, the Wall Street Journal reported on Wednesday.

A money manager who claimed ties to Belgian royalty was sentenced on Wednesday to 3 to 9 years in prison after pleading guilty to running a $7 million Ponzi scheme, Manhattan's district attorney said.

Australia's top airline Qantas has raised airfares to offset rising fuel costs that is threatening airline profits.

European Union leaders are unlikely to take a decision on how to strengthen the euro zone's bailout fund until June, undermining market confidence and possibly prolonging the region's debt crisis.

Yahoo Inc has revamped its Internet search service to sense queries and showcase answers from movie listings to weather forecasts, even as users are typing in a word.

Swiss bank UBS tricked victims of Bernard Madoff's giant Ponzi scheme by sponsoring a Luxembourg-registered fund that for four years fed assets directly to the fraudster without saying so in its prospectus, a Paris court heard on Wednesday.

Germany could be the first industrialized nation to abandon nuclear power for good.

Record company attorneys cite thousands of copyright infringements caused by LimeWire users, but the court is less sympathetic.

New York Gov. Andrew Cuomo says U.S. nuclear regulators have agreed to make the Indian Point power plant their top priority as they review seismic risks in some of the nation's nuclear plants.

U.S. crude ended at a 2-1/2 year high on Wednesday as Palestinian rocket strikes on Israel escalated Middle East geopolitical risks and U.S. gasoline inventories posted the biggest seasonal decline on record.

Sony Computer Entertainment America may win its fight to get its case against a hacker tried in California, as it has filed documents that it says tie him to the state.

Research In Motion has removed the DUI checkpoint evasion apps that drew the attention of four US senators; Apple and Google haven't done so yet.

Like previously-announced 3D devices, HTC's EVO 3D offers promise - with a few drawbacks.

The Federal Reserve told Bank of America Corp's to rein in its plans for a modest dividend increase, in a sign that regulators still view the lender as being financially weaker than its rivals.

Sales of new homes sank to a record low in February and prices were the weakest in just over seven years, underscoring the housing market's lingering malaise, which could slow the economic recovery.

General Motors Co and Chrysler Group LLC have sued Allied Systems Holding Inc , accusing the auto hauler of holding hostage more than 2,400 new cars and trucks.

U.S. stocks advanced on Wednesday as materials shares rose, but rising commodities prices due to turmoil in the Middle East and North Africa could keep rallies modest.

The signal sounded like crickets chirping, but the encoded message transmitted from the camp atop the frozen Arctic Ocean was music to the ears of the USS New Hampshire submarine crew.

U.S. crude ended at a 2-1/2 year high on Wednesday as Palestinian rocket strikes on Israel escalated Middle East geopolitical risks and U.S. gasoline inventories posted the biggest seasonal decline on record.

Goldman Sachs Group Inc chief Lloyd Blankfein told jurors at Raj Rajaratnam's insider trading trial that a former director at Wall Street's most powerful bank violated boardroom confidentiality in discussions with the accused hedge fund manager.

NEW YORK - CBS Corp.'s Showtime will keep current, original series off Netflix's streaming video service when a current deal expires this summer.

General Mills Inc ,the maker of Cheerios cereal and Progresso soups, said on Wednesday it expects commodities inflation to accelerate later this year and into next.

Yahoo Incunveiled a revamped Internet search service on Wednesday that showcases information from movie listings to weather forecasts as users type in a query.

Corrects launch date to Wednesday from Thursday

A hacker from Devon, England was sentenced to two years in prison for hacking social gaming company Zynga and stealing virtual gaming chips.

Astronomers may have found the coldest star known, a brown dwarf 75 light years from Earth.

Takeover prices for some emerging market telecom assets are too expensive to tempt UK mobile giant Vodafone, Vodafone's chief executive told German financial magazine Capital.

The signal sounded like crickets chirping, but the encoded message transmitted from the camp atop the frozen Arctic Ocean was music to the ears of the USS New Hampshire submarine crew.

After three days of searching, Police in Connecticut in the town of Orange said 13 year-old Isabella Oleschuk was found safe on Wednesday.