IBT Staff Reporter

Federal investigators are looking into the deadly crash of two Metro transit trains to see why the computerized system failed to work even though the emergency brake was pushed down.

U.S. stocks rose broadly on Wednesday as durable goods orders jumped unexpectedly, reinforcing the belief the economy was healing, while quarterly results from software maker Oracle boosted technology shares.

Cablevision Systems Corp, Major League Baseball and the New York Yankees cable network said on Wednesday they reached a multiyear deal for live streaming online Yankees games in the team's home market.

David Fincher, director of Seven, Fight Club and The Curious Case of Benjamin Button, is in early talks to sign on to direct the upcoming Facebook movie, according to Variety.

U.S. securities regulators are considering tough new rules for money market funds to help avoid a repeat of what happened when the collapse of the Reserve Primary Fund wreaked havoc on the $3.67 trillion market.

Monsanto Co, the world's biggest seed company, posted a smaller-than-expected slide in quarterly profit on Wednesday and said it would cut about 900 employees and realign its declining herbicide business, news that sent its shares higher.

The world's rich lost nearly 20 percent of their total wealth in 2008 as volatile markets wiped out two years of growth, a Merrill Lynch study showed on Wednesday.

Sales of newly built U.S. single-family homes slipped slightly in May, according to Commerce Department data on Wednesday that underscored that conditions in the hard-hit housing market remain fragile.

Sales of newly built U.S. single-family homes slipped slightly in May, according to Commerce Department data on Wednesday that underscored that conditions in the hard-hit housing market remain fragile.

President Barack Obama said in an interview aired on Wednesday that he

Senegal search teams on Tuesday informed the Brazilian Air force and marine that has abandoned search operations for bodies or debris of the Air France 447 flight victims that crashed into the Atlantic on May 31, Folha reported.

Microsoft will launch Hohm a new internet software package for customers to watch their energy usage and help them save in their energy bills.

Natural gas industry veteran Tom Skains praised BB&T Corp. on Wednesday for its success amid the current economic crisis as the financial firm elected him to its board of directors of directors.

Microsoft Corp on Wednesday unveiled its Hohm website designed to help residential power consumers save money and reduce their environmental impact by conserving energy.

U.S. consumers should avoid two brands of pistachios tied to a salmonella-related recall because they may have been repackaged and sold in airports and hotels, the Food and Drug Administration said.

Stocks rose broadly on Wednesday as surprisingly strong durable goods orders and quarterly results from software maker Oracle reinforced the belief the economy was stabilizing.

The outspoken head of a U.S. Congressional watchdog panel will strongly urge lawmakers on Wednesday to set up a new government agency to protect consumers from

Oil rose above $69 a barrel on Wednesday, supported by news of a bigger-than-expected draw in U.S. crude oil stocks and growing geopolitical troubles in some OPEC member countries.

Harvard University announced 275 job cuts on Tuesday, the latest cost-cutting measure at the world's richest university after the financial crisis triggered big losses in its multibillion-dollar endowment

U.S. President Barack Obama will meet Pope Benedict for the first time on July 10 during a visit to Italy to attend a G8 heads of state meeting, a Vatican source said Wednesday.

Total emerged as Russia's favoured energy partner on Wednesday, with Prime Minister Vladimir Putin inviting the French major to take part in some of its largest gas projects after meeting its chief executive.

Carrying a little extra weight may actually be good for you, according to a Canadian study that showed a few pounds appear to protect people from an early death.

President Barack Obama said in an interview aired on Wednesday that he absolutely will get healthcare reform completed in 2009 but declined to say what the final package would eventually look like.

Austrian oil company OMV AG has resisted Iranian pressure to push ahead with investment in a gas project and is prepared to be dropped as a partner, rather than invest now, an executive said on Wednesday.

As deep-pocketed private investors line up to take advantage of a depressed U.S. commercial real estate market, the eventual winners are likely going to be players with the capital -- and the stomach -- to jump in while prices are hitting bottom.

The economic outlook has improved for the first time in two years but soaring unemployment and ballooning budget deficits could knock a weak recovery off track, the OECD said on Wednesday.

Apple Inc. Chief Executive Officer Steve Jobs is recovering well from a liver transplant in Memphis and has an “excellent prognosis,” according to a statement by the Tennessee hospital where the procedure was done.

New orders for long-lasting U.S. manufactured goods rose by a much stronger-than-expected 1.8 percent in May, Commerce Department data on Wednesday showed, providing further evidence that the battered U.S. economy was finding its feet.

New orders for long-lasting U.S. manufactured goods rose by a much stronger-than-expected 1.8 percent in May, Commerce Department data on Wednesday showed, providing further evidence that the battered U.S. economy was finding its feet.