IBT Staff Reporter

The head of the U.S. Securities and Exchange Commission said she wished the SEC's former top lawyer had removed himself from the agency's work on the epic Bernard Madoff fraud.

Paid subscriptions to read News Corp's Wall Street Journal on tablet devices such as Apple Inc's iPad and electronic readers have quadrupled to 200,000 in the past year, a top executive said.

Newly revealed missteps by the U.S. Securities and Exchange Commission in its handling of the epic Bernard Madoff fraud undermined its pleas for more funding on Thursday before a trio of congressional panels.

The U.S. trade deficit widened much more than expected in January as higher oil prices and surging imports of capital goods and cars overpowered record exports in a signal of strengthening domestic demand.

Corrects attribution of ninth paragraph quote to Representative Cummings, not Schapiro, as earlier sent

Illinois Governor Pat Quinn signed a bill into law on Thursday aimed at expanding the collection of sales taxes on items bought over the Internet.

The U.S. government posted a record monthly budget deficit of $222.5 billion in February as spending growth outstripped revenue gains crimped by tax cuts enacted late last year, the Treasury Department reported on Thursday.

Goldman Sachs Group said it is part of a creditor group that may file an alternative plan for dividing up billions of dollars of Lehman Brothers' Holdings assets.

YouTube, the popular video site owned by Google Inc, said on Thursday it is adding 200 jobs, boosting its staff by more than 30 percent in its biggest hiring year.

Clearwire executive Bill Morrow is leaving the company for personal reasons.

A disgraced former McKinsey & Co partner told jurors he leaked secrets about the elite consulting firm's clients in exchange for $1.75 million in hidden payments from onetime friend Raj Rajaratnam, the main defendant in the biggest U.S. insider trading trial in years.

Wal-Mart Stores Inc is expanding a program that lets shoppers pick out items online and pick them up in its stores across the United States as it tries to bring people to its stores more often following several quarters of disappointing sales.

Anonymous is giving the U.S. military until Monday to improve its treatment of Bradley Manning, the U.S. army private accused of leaking secrets to Wikileaks, or it will post the personal information of the guards and commanders at the base where he is being held.

Wal-Mart Stores Inc has seen business improve at U.S. stores over the last four weeks, but it is too soon to change the company's forecasts, the head of its U.S. business said on Thursday.

Before his side's crunch FA Cup quarter-final clash with Arsenal, Manchester United manager Sir Alex Ferguson has admitted he is wary of the Gunners saying they have rearranged the pecking order.

New missteps in response to the epic fraud of Bernard Madoff threatened to undermine the Securities and Exchange Commission's pitch for more money before a trio of congressional committees on Thursday.

Troubled actor Charlie Sheen is trying to take revenge on the corporate trolls who fired him from his hit TV show Two and a Half Men.

BMW Sauber's Sergio Perez was the surprise leader at the end of the third day of the final pre-season test in Barcelona.

Child abuse reports, Social Security numbers and other highly sensitive data were discovered on a batch of government computers headed for the auction block to be sold by the State of New Jersey, authorities said on Thursday.

Arsenal manager Arsene Wenger branded European football governing boday UEFA a dictatorship after being charged with improper conduct following his side's Champions League elimination at the hands of Barcelona.

Rovio, the creator of the popular Angry Birds game, said it received a $42 million investment from three venture capital firms.

Fears about the economy and unrest in Saudi Arabia darkened the outlook for equities on Thursday, pushing major indexes below key technical levels.

It was recently announced that actress Julianne Moore has been cast to play former governor of Alaska, Sarah Palin, in the upcoming HBO film Game Change. It has not been announced who will play the role of presidential-hopeful, John McCain. Here is a look at five actors that could fit the role.

AOL Inc will cut more than 900 jobs, or 20 percent of its global workforce, as it struggles to catch up to Google Inc and Facebook.

The Space Shuttle Endeavour prepares for its final mission today, moving from the Vehicle Assembly Building to the launch pad.

Octogenarian gaming magnate Stanley Ho, chairman of Macau's biggest casino operator SJM Holdings <0880.HK>, said he had resolved a high-profile dynastic tussle played out via a worldwide web audience since January.

A disgraced former partner at McKinsey & Co told jurors he leaked stock tips about the elite consulting firm's clients to Raj Rajaratnam, in dramatic testimony at the biggest U.S. insider trading trial in years.

Apple Inc will kick off online sales of its new iPad in the early hours on Friday ahead of its evening store launch of the tablet computer.

Hackers recently took Micosoft for $1.2 million by stealing Microsoft Points used in the company's Xbox Live Marketplace.