IBT Staff Reporter

Bank of America Corp is in talks with New York attorney general Andrew Cuomo's office to settle a probe on bonuses paid to Merrill Lynch executives, the New York Times reported, citing people with knowledge of the matter.

Shares of Japan Airlines were flooded with sell orders on Tuesday on growing expectations the carrier is headed for bankruptcy and a delisting from the Tokyo exchange.

Asian stocks fell on Tuesday, a day after hitting a 17-month high, on investor jitters about tighter monetary policy in China, while the dollar rose after a Chinese sovereign fund official said the currency has bottomed.

Cadbury Plc's union, Unite, will warn members of Britain's Parliament on Tuesday that a potential bidding war for the UK chocolatier will further undermine worker rights.

The U.S. Federal Aviation Administration (FAA) has called for enhanced inspections of more than 130 older Boeing 737 planes, the Wall Street Journal said, citing a safety directive that is likely to be issued on Tuesday.

Bank of America Corp is in talks with New York attorney general Andrew Cuomo's office to settle a probe on bonuses paid to Merrill Lynch executives, the New York Times reported, citing people with knowledge of the matter.

U.S. retailers are in for a much better year as the economy improves, but stubborn unemployment and high consumer debt levels will limit the extent of the recovery, industry experts said on Monday.

Bank of America executive Gregory Curl is expected to lose the chief risk officer post he has held since mid-2009 as new Chief Executive Brian Moynihan installs his own circle of close lieutenants, the Wall Street Journal reported in its online edition.

A Manhattan federal judge on Monday rejected the U.S. Securities and Exchange Commission's effort to expand its lawsuit accusing Bank of America Corp of misleading shareholders over bonuses paid by Merrill Lynch & Co.

Japan Airlines is still short of the two-thirds support it needs from retirees to cut pension payouts, Japanese media reported on Monday, raising the prospect its pension fund will be dissolved in step with a bankruptcy filing.

A Manhattan federal judge on Monday rejected the U.S. Securities and Exchange Commission's effort to expand its lawsuit accusing Bank of America Corp of misleading shareholders over bonuses paid by Merrill Lynch & Co.

The U.S. Federal Reserve looks set to end its reliance on the federal funds rate, long its primary monetary policy tool, when the time comes to tap the brakes as the economy recovers.

Sarah Palin, the former governor of Alaska has signed a multi-year deal to serve as a contributor to Fox News, Bill Shine, the executive vice president of programming announced today.

Alcoa Inc posted a narrower fourth-quarter loss on Monday as aluminum prices inched up and the manufacturing industry showed small signs of recovering from the recession.

U.S. companies doing substantial business in Venezuela, such as Avon Products Inc and Colgate-Palmolive Co , are bracing for the impact from the country's currency devaluation.

Microsoft Corp. has pulled almost every version of Office from its own online store in compliance with a court order after a patent dispute with Canadian firm i4i.

WHAT: U.S. December retail sales reportWHEN: Thursday, January 14 at 8:30 a.m. (1330 GMT)

Alcoa Inc posted a narrower fourth-quarter loss on Monday as aluminum prices inched up, but the result fell short of expectations and its shares dropped more than 6 percent in after-hours trade.

U.S. industrial shares lifted the Dow and the S&P 500 on Monday to new 15-month highs after China bolstered expectations the world economy would strengthen, but Nasdaq fell on profit-taking in tech stocks.

The U.S. Securities and Exchange Commission is seeking to charge Bank of America with failing to disclose extraordinary financial losses at Merrill Lynch prior to a shareholder vote on the merger between the two companies.

Toyota Motor Corp expects industrywide sales of 11.5 million light vehicles in the United States this year, said Jim Lentz, president and chief operating officer of Toyota Motor Sales, at the North American International Auto Show on Monday.

Star bond fund manager Jeffrey Gundlach fired back at his former employer, Trust Company of the West, on Monday, saying the firm had smeared him in a lawsuit it filed last week.

The U.S. government has provided more than $1 trillion of support to financial companies in a bid to keep credit flowing to the U.S. economy.

A video of the CIA bomber in Afghanistan sitting beside the Pakistani Taliban leader created the impression that the group may have played a key role in the second biggest attack in agency history.

Republican Sarah Palin is coming to your television -- as long as it's tuned to the Fox News Channel.

U.S. auto executives and elected officials at the Detroit auto show on Monday sought to draw a curtain on a year of appalling sales and massively unpopular government aid.

The stock market edged up slightly on Monday in anticipation of earnings announcements, following disappointing employment data last Friday and encouraging China trade data from today's Asian trading session.

The Australian Dollar opens marginally higher on Tuesday against its U.S. counterpart at 0.9311.

Star bond fund manager Jeffrey Gundlach on Monday fired back at his former employer, Trust Company of the West, saying the firm had smeared him in a lawsuit it filed last week.