IBT Staff Reporter

UBS is considering possibly returning to its commodities business this year, some of which it sold during the financial crisis, a Swiss newspaper said on Saturday, citing the co-head of UBS's investment bank.

Accused Galleon fund founder Raj Rajaratnam and his main co-defendant want separate trials on charges they were involved in what prosecutors describe as the biggest hedge fund insider-trading case ever in the United States.

President Barack Obama on Friday delayed an overseas trip to focus on the final drive for healthcare reform as the House of Representatives prepared to vote on the sweeping overhaul next week.

Ever since the fraud at U.S. energy trader Enron Corp brought down accounting firm Arthur Andersen eight years ago, global auditing firms have worried that a major misstep could be fatal.

Authorities in Ireland are investigating whether a second American woman was involved in a suspected international plot to kill a Swedish cartoonist for mocking the Prophet Mohammad, The Wall Street Journal reported on Friday.

Germany's Finance Ministry said on Saturday it was not aware of any agreement by euro zone members to bail out heavily indebted Greece, and the European Union's executive said no such deal had been concluded.

The Palestinians have threatened that indirect, U.S.-mediated peace talks with Israel may be thwarted unless Israel cancels a plan announced this week to build 1,600 new homes in a settlement near Jerusalem.

U.S. Middle East envoy George Mitchell returns to the region next week to try to salvage indirect peace talks between Israel and the Palestinians. The Palestinians have said the process may be thwarted unless Israel cancels a plan announced this week to build 1,600 settler homes near Jerusalem.

Israeli Prime Minister Benjamin Netanyahu's political standing is perilous because of divisions within his coalition over efforts to pursue peace with the Palestinians, a senior U.S. official said on Friday.

Talks with China over censorship have reached an apparent impasse and Google, the world's largest search engine, is now 99.9 percent certain to shut its Chinese search engine, the Financial Times said on Saturday.

The German Finance Ministry said on Saturday it was not aware of any agreement by euro zone members to provide a multi-billion euro bailout package for heavily indebted Greece.

The Federal Communications Commission will submit a 10-year plan to Congress on Tuesday that would establish high-speed Internet as the country's dominant means of communication, The New York Times reported in Saturday editions.

The United States should rethink domestic and global financial regulation, Lawrence Summers, director of the White House's National Economic Council, said on Friday, outlining six imperatives.

The Park Avenue Bank, a New York City-based institution, was among three banks seized by regulators on Friday, and is the second area bank to fail in two days.

Bankrupt Nortel Networks Corp on Friday posted a 62 percent drop in quarterly revenue, as customers cut spending in the face of uncertainty about its bankruptcy proceedings and the shaky economy.

An explosive report by a court-appointed examiner on the collapse of Lehman Brothers

On Wall Street, massaging the balance sheet is a time-honored practice.

Apple Inc has awarded its chief operating officer a bonus valued at $22 million for leading the company while Chief Executive Steve Jobs was on 6-months' medical leave last year.

Investors will try to tack another leg on to the year-long U.S. stock rally, looking to next week's economic data and statement from the central bank for evidence the recovery is still on track.

The euro zone has agreed a multi-billion euro bailout for heavily indebted Greece as part of a package to support the euro, the Guardian newspaper reported on Saturday.

Apple Inc. said Friday that it has granted chief operating officer Tim Cook a $22 million bonus in cash and stock in recognition of his work done while CEO Steve Jobs was away on medical leave last year.

The court appointed examiner of the Lehman Brothers Holdings Inc. bankruptcy said the company 'doubled-down' on risky trading activity in 2007, exceeding its own limits as the sub-prime mortgage business was developing into a crisis.

The popular mail in DVD rental company, Netflix, has canceled a sequel to a $1 million contest to improve its movie recommendations.

Lehman, the failed investment bank whose 2008 collapse shook the world financial system, is in the spotlight again over the allegedly improper use of repos to understate leverage. The allegations were brought to light in the firm's bankruptcy examiner's report.

White House spokesman Robert Gibbs wore a Team Canada hockey jersey during his press briefing Friday to pay off a bet.

Author Michael Lewis, known for exposing the culture of excess at Solomon Brothers with his book Liar's Poker, says Wall Street bonuses at banks bailed out by Washington are a very elegant form of theft.

Reported losses from Internet fraud more than doubled in 2009, with scams that falsely used the FBI's name generating the most complaints, the law enforcement agency said on Friday.

Why only seven hours? It does seem like an awfully short amount of time to spend in a city-state, even one as small as Singapore.

Women taking oral contraceptives beginning in the 1960's lived longer than those who didn't, researchers found, according to the British Medical Journal.