IBT Staff Reporter

Federal regulators are expected to grant a request by LightSquared, a satellite broadband start up, to drop a requirement that mobile phones using satellite airwaves must be able to communicate with satellites, the Wall Street Journal said.

The U.S. dollar held near a 10-week low against a basket of currencies on Wednesday ahead of a statement from the U.S. Federal Reserve, which is expected to reaffirm the central bank's focus on supporting growth.

Tiger Woods, who is still a relative novice on Twitter, refused to take the bait offered repeatedly on the social network by a playful Ian Poulter on Tuesday.

The financial crisis could have been avoided and was the result of poor decision making both in Washington and at top financial firms that fostered a culture of excessive risk taking, according to a draft report written by Democrats on a panel that investigated the meltdown and obtained by Reuters.

President Barack Obama said that the rules have changed in the global competition for jobs and said the U.S. must adapt by make investments for innovation and infrastructure.

Stock index futures ticked up late on Tuesday, pointing to a stronger opening on Wednesday, after President Barack Obama stressed a freeze on government spending and the need to lower corporate tax rates.

Yahoo Inc warned that revenue will again slide this quarter as it bleeds traffic to Google and Facebook and as a much-touted search partnership with Microsoft Corp fails to deliver quick results.

The U.S. dollar held near a 10-week low against a basket of currencies on Wednesday, ahead of a statement from the Federal Reserve which is expected to reaffirm the central bank's focus on supporting growth.

A personalized news service funded by New York Times Co., Washington Post Co, and Gannett Co launched on Tuesday in an attempt to get readers to pay for online news.

Shareholders of publicly listed companies will get to weigh in on executive compensation through advisory votes, under a new rule adopted by U.S. securities regulators on Tuesday.

The following are the prepared remarks of President Barack Obama's State of the Union Speech as released by the White House and set to be delivered on Tuesday evening starting around 9 p.m.

President Barack Obama will say that the challenges the U.S. faces are bigger than party and politics, according excerpts from Tuesday night's State of the Union Address.

Irish drugmaker Elan Corp has quietly laid off 130 people, or about 10 percent of its workforce.

Bank of America Corp's Countrywide mortgage unit has been sued by investors claiming they were victimized in a massive fraud when they bought mortgage-backed securities.

The U.S. Federal Reserve began a two-day meeting on Tuesday that is expected to end with a nod to an improved economic outlook but no change in course on its $600 billion bond-buying plan.

Brazilian beef processor JBS has made a verbal buyout offer for Sara Lee Corp and is expected to submit a written proposal in the next 24 hours, two sources familiar with the situation said.

The gold naysayers are using rising rates as a way to dismiss gold. Let me explain why this belief is not only false but also utterly dangerous. First and foremost, the parameters have changed in just a few short years. Government debt has increased substantially in the last few years.

The rising cost of commodities ranging from oil to food is emerging as the main threat to an earnings recovery that has helped push U.S. stocks to their highest levels since the 2008 financial crisis.

The Gold reserves of the Russian central bank grew by 280 tons over the last 2 years. And the bank will continue with a similar speed by buying at least 100 tons every year, deputy chairman Georgy Luntovsky told reporters now.

Corrects paragraph 5 to show newspaper online advertising represents 11 percent not 9 percent

Egyptians say the Twitter Web site is blocked on all Internet Service Providers in their country, a representative of Harvard University's Herdict Web monitoring service told Reuters on Tuesday.

The government's plan to drive derivatives through transparent trading venues could sap investor confidence and hurt liquidity, some of the world's biggest swaps market participants said on Tuesday.

Disappointing earnings reports from blue chips Johnson and Johnson and 3Com cast a pall on U.S. stocks

Yahoo Inc's net revenue declined 4 percent in the fourth quarter, but was slightly ahead of Wall Street expectations.

(corrects figure in Jan. 23 story, 14th paragraph, to $22 trillion from $22 billion)

U.S. stocks erased losses in a late flurry of buying to end little changed on Tuesday as overall optimism about earnings offset disappointing results from blue chips 3M and Johnson & Johnson.

Sales of automobile paint and plastics helped DuPont post a stronger-than-expected quarterly profit, though higher raw material costs raised concern about margin pressure this year.

President Barack Obama will propose that Congress adopt a 5-year freeze on non-security discretionary spending, extending a previous call for a 3-year freeze, senior administration officials said, according to reports.

Yahoo Inc's quarterly net revenue slid 4 percent and it forecast a further slide this quarter as it struggles to revive growth in the face of intense competition from Google and Facebook.