IBT Staff Reporter

The wreckage of Wall Street's subprime mortgage machine was laid bare on Wednesday by a U.S. congressional panel that pointed the finger at Alan Greenspan for not stopping it from running out of control.

Young adults in the United States are being squeezed out of the labor force as older workers either delay retirement or seek jobs to rebuild nest eggs destroyed by the recession, a study showed on Wednesday.

U.S. Airways and UAL Corp's United Airlines are deep in merger discussions, the New York Times reported on Wednesday.

According to a news report published in the journal Psychotherapy and Psychosomatics , researches who reviewed 23 published studies revealed that body piercing may relate to high-risk behaviors and for psychiatric symptoms,such as suicidal thoughts.

News reports from Australia highlight the difficulties in enforcing tanning bed restrictions and underline the need for strong, national support for public education on the dangers of unprotected UVR exposure.

Home Depot Inc Chief Executive Frank Blake was awarded $9.9 million of total compensation in 2009, about 6.9 percent more than a year ago, according to a regulatory filing on Wednesday.

General Motors Co posted a net loss for 2009, but said it was possible to make a profit this year and that it was laying the foundation to return to public ownership.

U.S. Airways Group Inc and UAL Corp's United Airlines are in merger talks, a source familiar with the situation said on Wednesday.

U.S. consumer credit unexpectedly tumbled in February, reversing the prior month's surprise increase, as households refrained from taking on new debt in favor of deleveraging.

The Aussie dollar managed to hold on to the previous session's gains trading within a relatively narrow range between 0.9260 and 0.9290 for the majority of the Asian day.

Porsche rolled out a more fuel efficient, more spacious and lighter Cayenne SUV at the New York International Auto Show.

Two top U.S. Federal Reserve officials warned about the risks to the economy from asset bubbles on Wednesday, and one suggested raising interest rates to halt risky behavior that could trigger another bust.

U.S. stocks fell in a broad late-day drop on Wednesday after a top Federal Reserve official said interest rates should not stay low for much longer, giving investors an excuse to take profits.

Kansas City Federal Reserve Bank President Thomas Hoenig said on Wednesday that an improving economy will likely make it possible for more banks to begin lending in greater volume.

The wreckage of Wall Street's subprime mortgage machine was laid bare on Wednesday by a U.S. congressional panel that pointed the finger at Alan Greenspan for not stopping it from running out of control.

U.S. Treasury Secretary Timothy Geithner will hold talks in Beijing on Thursday against a background of fresh signals from Chinese policymakers that they might be paving the way to let the yuan resume its rise.

India's largest vehicle maker, Tata Motors, said one of its ultra-cheap Nano cars caught fire on Wednesday as it was driven to a dealer, the second such incident this year.

The U.S. auditor watchdog on Wednesday issued an alert to corporate accounting firms, reminding them to watch for fraud or misstatements if they detect significant unusual transactions when doing their work.

British Airways and union officials have resumed talks aimed at averting further strikes in a long-running dispute over pay and jobs, the Unite union said on Wednesday.

U.S. stocks fell in a broad late-day drop on Wednesday after a top Federal Reserve official said interest rates should not stay low for much longer, giving investors an excuse to take profits.

Actors Jim Carrey and Jenny McCarthy ended their five-year relationship by announcing the split on their Twitter pages on Tuesday.

U.S. stocks fell in a broad late-day drop on Wednesday after a top Federal Reserve official said interest rates should not stay low for much longer, giving investors an excuse to take profits.

The U.S. economy still faces significant headwinds, including a housing sector that has yet to recover convincingly and an ailing employment market, Federal Reserve Chairman Ben Bernanke said on Wednesday.

U.S. stocks fell in a broad late-day drop on Wednesday after a top Federal Reserve official said interest rates should not stay low for much longer, giving investors an excuse to take profits.

Agricultural seed giant Monsanto Co posted a lower-than-expected quarterly profit and warned that potent competition, primarily in its struggling Roundup herbicide business, would make it hard to meet its 2010 financial targets.

Google Inc was sued by photographers, illustrators and other visual artists who claim the Web search company is scanning and displaying their work online without paying them.

Young adults in the United States are being squeezed out of the labor force as older workers either delay retirement or seek jobs to rebuild nest eggs destroyed by the recession, a study showed on Wednesday.

U.S. stocks tumbled on Wednesday on investors' worries over Greece's debt load, making it impossible for the market to hold gains after strong demand at a Treasury note auction.

Goldman Sachs Group Inc issued a spirited defense in its annual shareholder letter against allegations that it had benefited unduly from government help and bet against its own clients during the financial crisis.