IBT Staff Reporter

Two senior U.S. congressional Republicans said on Tuesday they were troubled by reports of computer hacking attacks on trading systems run by Nasdaq OMX Group Inc and asked for some answers.

Two top Federal Reserve officials said on Tuesday they expect the central bank's $600 billion bond purchase program to run its full course, while a third said the central bank should seriously consider scaling it back.

A U.S. investigation into allegations of insider trading in the $1.9 trillion hedge fund industry for the first time ensnared two former employees of billionaire trader Steven A. Cohen's SAC Capital Advisors.

Walt Disney Co reported a better-than-expected 54 percent surge in profit, reflecting an improving economy that got consumers traveling to its theme parks and businesses buying up ad time on its TV networks.

Two senior congressional Republicans on Tuesday said they were troubled by reports of computer hacking attacks on trading systems run by Nasdaq OMX Group and asked for some answers.

Calpers sued a group of ex-Lehman executives and underwriters, alleging it bought over $700 million in bonds and Lehman stock without knowing the true condition of the now-bankrupt financial company.

Senior U.S. lawmakers demanded answers on Tuesday from regulators and financial exchange operators about computer hacking attacks.

After nearly two decades as an elected public official in Washington, centrist Rep. Jane Harman, D-CA, said Tuesday she would promote a bipartisan dialogue at her new job as head of a think tank.

Seven-year-old Facebook is already fast outgrowing its Silicon Valley abode.

A U.S. government investigation showed no link between electronic throttles and unintended acceleration in Toyota Motor Corp vehicles, a victory for the world's top automaker battered by recalls over runaway vehicles.

Company does a refresh on its laptop and desktop lines while giving out minor details on a new Windows tablet.

Walt Disney Co reported better-than-expected gains in profit and revenue, reflecting an improving economy that got consumers traveling to its theme parks and businesses buying up ad time on its TV networks.

One worker was unaccounted for after explosions rocked a natural gas liquids storage complex on Tuesday in Mont Belvieu, Texas, according to the plant's owner, which also said the main facilities were not damaged.

The iPhone 4's transition to the Verizon network came quite a few changes, some of which point to the direction Apple may be aiming to go with both the iPad 2 and iPhone 5.

U.S. inflation is still below the central bank's comfort levels and price rises for individual goods or services does not signal broader price pressures are around the corner, a top Federal Reserve policymaker said on Tuesday.

Two hedge fund managers were arrested on insider trading charges on Tuesday, while another portfolio manager and an analyst agreed to plead guilty in connection with the probe, the latest development in a broad investigation of hedge funds' trading activities.

The number of victims of identity theft dropped by more than a quarter in the U.S. last year, the largest annual fall on record, but individual victims lost more money on average than ever before.

A investigation into allegations of insider trading in the hedge fund industry for the first time reached former employees of billionaire trader Steven A. Cohen's SAC Capital Advisors.

The Dow notched a seventh straight day of gains on Tuesday, but light volume suggested that investors don't believe the more than five-month rally has the legs to keep going.

Wealthy tax evaders with assets stashed offshore can come clean with U.S. authorities under a new amnesty program with reduced penalties, the government said on Tuesday.

After years of asking investors for patience, exchange operator NYSE Euronext says 2011 will be the year that things finally come together.

A former Swedish prosecutor called by the defense Tuesday attacked his country's handling of sex crimes allegations against WikiLeaks' founder Julian Assange that could lead to his extradition to Sweden.

A group of bond holders is seeking to derail the $1.1 billion bid for DBSD North America by DISH Network, citing the risk that DISH will walk away from the deal.

Intel resumes shipping the Cougar Point chipset, a mere week after announcing a flaw in the design would cause delays.

A government probe cleared Toyota Motor Corp's electronics of causing unintended acceleration, a big victory for the world's top automaker as it seeks to recover from the hit it took over runaway vehicle accidents.

Corrects name and title of person commenting in paragraph 8 to Mark Kronenberg, Boeing's vice president for international businesss development for Defense, Space and Security, not India head Dinesh Keskar

Canadian regulators are proposing new guidelines to govern how investment dealers advertise and communicate with clients on popular social media such as Facebook, Twitter and blogs.

TMZ is reporting that troubled actress Lindsay Lohan will be charged with felony grand theft for allegedly stealing a necklace worth $2,500.

Sara Lee said on Tuesday it would be raising prices again on its food and beverages, which could continue to affect sales, as it struggles with soaring commodity costs.