IBT Staff Reporter

CIT Group Inc is nearing a plan that likely would hand the commercial lender over to its bondholders, sources familiar with the matter said on Tuesday.

A green power building spree is on the way, and much of it will be brought to you by the same people who built the nuclear and coal-fired power plants that keep the lights on now.

A series of tsunamis smashed into the Pacific island nations of American and Western Samoa killing possibly more than 100 people, destroying villages and injuring hundreds, officials said on Wednesday.

Hartford Financial Services Group Inc named a former Bank of America Corp executive to be its new CEO, and he already has plans to introduce enhanced risk management after record losses at the 199-year-old insurer.

Apple begins to end its iPhone exclusivity as Vodafone on Tuesday announced it will join France Telecom's Orange and Telefonica's O2 in selling the phone in Britain.

Toyota Motor Corp said on Tuesday it will recall some 3.8 million vehicles in the United States because of the risk that a loose floormat could force down the accelerator, a problem suspected of causing crashes that have killed five people.

Ailing Swedish car firm Saab, being sold by General Motors, may not get the full 4.3 billion Swedish crown ($612 million) loan it has asked for from the European Investment Bank (EIB), daily Dagens Industri wrote on Tuesday, quoting an unnamed source.

UBS AG said on Tuesday it hired a Morgan Stanley investment banker to head its insurance practice in North America, months after it lost two senior insurance bankers to Greenhill & Co.

Boston Scientific Corp will pay Johnson & Johnson $716 million to settle more than a dozen patent dispute lawsuits involving coronary stents and other heart devices, the companies said on Tuesday.

Hartford Financial Services Group Inc named a former Bank of America Corp executive to replace its chairman and CEO, Ramani Ayer, who had announced plans to retire in June after the 199-year-old insurer struggled with record losses.

NATO's chief assured President Barack Obama on Tuesday of the alliance's commitment to the Afghan war as the U.S. administration weighs sending more troops to try to turn the tide on a resurgent Taliban.

The Federal Reserve will have to act quickly, and perhaps aggressively when the time comes to pull back its extraordinary support for markets in order to avoid stoking inflation, the president of the Federal Reserve Bank of Philadelphia said on Tuesday.

U.S. chipmaker Micron Technology Inc posted a narrower-than-expected quarterly loss as improving demand boosted sales and prices, but its shares gave up initial gains as investors locked in profits.

Toyota Motor Corp said on Tuesday it will recall some 3.8 million vehicles in the United States because of the risk that a loose floormat could force down the accelerator, a problem suspected of causing crashes that have killed five people.

CIT Group Inc is nearing a plan that likely would hand the struggling commercial lender over to its bondholders, the Wall Street Journal reported Tuesday.

CIT Group Inc is negotiating a new credit facility of up to $10 billion that could help the finance company pay off maturing debt and stave off bankruptcy, people familiar with the situation said.

CIT Group Inc is nearing a plan that likely would hand the struggling commercial lender over to its bondholders, the Wall Street Journal reported Tuesday.

The current boom in U.S. initial public offerings does not signal a free-for-all for prospective companies, which are closely watching the mixed performance of IPOs this week and last, the head of listings at the New York Stock Exchange parent company said on Tuesday.

Have you ever seen the movie Dangerous Beauty? If you haven't, well, I highly recommend it. But here is my point: one of the best quotes ever about sexuality comes from the heroine in this film. She's a sacred prostitute or courtesan. She's brilliant and versatile and a connoisseur of passion and of life.

Fortescue Metals Group Ltd, Australia's third-largest iron ore miner, has missed a Sept 30 deadline to arrange financing with Chinese investors but remains in talks to reach agreement, the firm said on Wednesday.

Here is a question that, in some form or another, I get asked quite often. I'm sure it will look familiar to many of you: My problem is quite personal. My height is 6 ft., but the size of my penis is only 4 inches after erection. I am very tense about this. Can you help me?

Hewlett-Packard Co is considering a plan to reorganize the company and combine its printer and personal computer units, the Wall Street Journal reported on Tuesday.

Microsoft Corp paid its chief executive Steve Ballmer 5.5 percent less for the last fiscal year as the world's biggest software company suffered its first ever drop in annual sales.

On a scale of 1 to 10, where do you put your self-knowledge about sex? If you were lucky, someone more knowledgeable than you taught you a little bit about it. But if you were not, like most of us, you may not rate yourself very high on this scale. And how do we KNOW we're good at loving? Most of us haven't had many lovers, or maybe none yet, so how do we learn the finer points of Love and Sex?

Ah, in a perfect world this is the way it would be. We would be so in love that we couldn't wait to see each other; to smother each other in kisses and caresses; to tell each other of our day with all its intimate hurts and little glories.

Hewlett-Packard Co is considering a plan to reorganize the company and combine its printer and personal computer units, the Wall Street Journal reported on Tuesday.

Microsoft Corp did not infringe a patent held by anti-piracy software maker Uniloc Inc, a federal judge ruled on Tuesday, nullifying an earlier $388 million damages award against Microsoft.

How do you become the initiator of more adventurous sex? So many women and sometimes men have to get their arms twisted before they get intimate. Their submissive roles in the bedroom never change. Why is it important to break out of this role sometimes, and how can you do it?

Citigroup Inc, the third largest U.S. bank, should expand its operations in China, according to a Chinese regulator cited by The Wall Street Journal on Tuesday.