IBT Staff Reporter

Bookseller Borders Group Inc , which is in talks to secure a $500 million credit line, has hired bankruptcy and restructuring lawyers, the Wall Street Journal reported on Friday.

Goldman Sachs Chief Executive Officer Lloyd Blankfein went to Chicago to pitch Groupon executives on hiring his bank to underwrite the online coupon company's initial public offering, Bloomberg reported on Friday.

Oil major BP Plc said it would swap 5 percent of its shares, worth $7.8 billion, for 9.5 percent of Russia's state-controlled Rosneft , and the two companies would jointly develop offshore Arctic oil and gas fields in Russia.

Chief financial officers from U.S. multinational companies met with Treasury Secretary Timothy Geithner on Friday to air gripes about the tax code under which they pay the steepest rate in the industrialized world.

Intel Corp has reached a settlement with WiLAN Inc over lawsuits alleging the chipmaker infringed on a string of wireless and Internet patents, sending WiLAN's shares surging.

BP Plc and Russia's state-controlled Rosneft agreed to a share swap under which they plan to jointly explore for offshore oil and gas in a deal that gives the UK company access to areas of the Arctic previously reserved for Russian oil companies.

Hewlett-Packard Co is formulating what it calls a bold plan for its future under new chief executive Leo Apotheker, but dismissed a report that it would reshuffle its top executives.

Jeffrey Saut simply looks up to remind himself which tech stocks will be hot in 2011.

U.S. companies want a lot out of Chinese President Hu Jintao when he visits Washington next week. They have a long list of moans and desires.

JPMorgan Chase & Co's commodities trading risk steadied in the fourth quarter after a rally in oil, metals and grains, marking a shift from the third quarter when it cut risk to pare back on proprietary trading.

The U.S. economy needs a far better footing before the Federal Reserve reverses its current policy, and even more stimulus may be needed if the housing market hampers the rebound, a top Fed official said on Friday.

Hewlett-Packard Co's new chief executive, Leo Apotheker, is reportedly finalizing a strategic plan for the technology company that includes shuffling senior management and focusing on more profitable parts of the business, The Wall Street Journal reported late Friday.

A New York money manager with a long history of legal battles with the government has been charged with threatening to kill 47 U.S. officials, including the nation's top securities and commodities regulators.

In a sign Washington will not press China too hard for more rapid appreciation of the yuan, Treasury Secretary Timothy Geithner said on Friday the Chinese currency had already seen a substantial real rise.

The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake that it plans to sell quickly.

Technology licensing company WiLAN Inc said on Friday that chipmaker Intel had agreed to pay it to use patented technology, ending all litigation between the two companies.

U.S. bank stocks are flying high, and next week's earnings could give investors more reason to be optimistic about the sector.

Apple running a contest in honor of the 10 billionth app downloaded with the winner getting $10,000 to the iTunes store.

Relativity doesn't only affect things moving at speeds close to that of light. New calculations show that the common car battery works because of relativistic effects.

The U.S. economic recovery is picking up steam and the Federal Reserve should continuously reevaluate its policy of buying government bonds to support growth, Richmond Fed President Jeffrey Lacker said on Friday.

Fears about Intel Corp's absence in tablets and smartphones are overshadowing the chipmaker's strong earnings and reinforcing the impression that the company no longer sets the direction of the tech industry.

Two rival bidders for Baffinland Iron Mines have united in a C$590 million ($595 million) joint takeover offer for the iron ore explorer, ending a four-month fight to control its huge deposit in the Canadian Arctic.

The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake and plans to sell its shares quickly.

A California court today asked that Sony show it has jurisdiction over the hacker who publicized a jailbreak for the Playstation 3 console.

The recapitalization of bailed-out insurer American International Group Inc closed on Friday, leaving the government with a 92 percent stake and plans to sell its shares quickly.

Oil major BP Plc , recovering from its Gulf of Mexico oil spill, said it is in talks with Russian state-controlled oil company Rosneft about a possible deal.

Federal prosecutors unsealed a complaint on Friday accusing a New York man of threatening to kill 47 current and former officials at U.S. regulatory agencies.

Steve Ballmer mentioned it and Paul Otellini now addresses it: Windows OS without x86 and Intel.

BP Plc and Russia's state-controlled Rosneft agreed to a share swap under which they would jointly explore for offshore oil and gas, in a deal that immediately raised concerns in the United States about Russia's global oil ambitions.