IBT Staff Reporter

The U.S. government will very soon launch its program to use federal funds and private capital to buy banks' toxic assets, the new overseer of the government's $700-billion bank bailout fund said on Tuesday.

Jun 24, 2009

South Carolina Governor Mark Sanford re-appeared Wednesday, following a week long mysterious disappearance, saying that he had been in Argentina and admitted to an extramarital affair.

Jun 24, 2009

Warren Buffett said on Wednesday that the U.S. economy has

Jun 24, 2009

U.S. securities regulators proposed tough new rules for money market funds to help avoid a repeat of what happened when the collapse of the Reserve Primary Fund triggered a wave of redemptions in the $3.67 trillion market.

Jun 24, 2009

Time Warner Inc and Comcast Corp have banded together to test ways to make it tougher for audiences to watch premium TV shows over the Web without paying for a cable or satellite service.

Jun 24, 2009

South Carolina governor Mark Sanford confessed to having been in an extramarital affair with an anonymous Argentinean woman today during a press conference with reporters and offered his resignation as chairman of the Republican Governors Association.

Jun 24, 2009

The head of the Department of Education outlined on Wednesday a proposal to simplify the application for college financial aid making it faster, shorter and more user friendly.

Jun 24, 2009

The Dow industrials turned negative and the broader market pared gains on Wednesday as the Federal Reserve said the economy would remain weak for a time, denting optimism about the strength of a rebound.

Jun 24, 2009

Stocks cut gains further and the Dow turned negative on Wednesday after the Federal Reserve said the economy was likely to remain weak for a time and investors remained nervous over the threat of inflation.

Jun 24, 2009

Facing concerns about the amount of financial stimulus needed to keep the economy from speeding up too quickly, the Federal Reserve on Wednesday said inflation will remain subdued for some time, keeping its key interest rate unchanged and said it would modify its program to buy mortgage-backed securities “as warranted.”

Jun 24, 2009

An unexpected jump in U.S. durable goods orders last month backed hopes that the economy was healing, but news from the hard-hit housing market remained mixed.

Jun 24, 2009

Iraq's health minister confirmed on Wednesday the country's first cases of the H1N1 flu virus, saying seven members of the women's national basketball team were being treated in hospital.

Jun 24, 2009

Decisions over restitution for the thousands of investors defrauded by Bernard Madoff have been deferred for three months, the U.S. judge who will sentence the confessed swindler on June 29 ruled on Wednesday.

Jun 24, 2009

North Korea's leader Kim Jong II appointed his youngest son Kim Jong Un as head of spy agency in March in preparations for handing him control of the regime, according to a news report.

Jun 24, 2009

The global population of high net worth individuals fell 14.5 last year along with the economy, according to a new report.

Jun 24, 2009

Being able to use a mobile phone for money transfers, bill payments and even savings would give some of the world's poorest people the chance to become part of the financial system, telecom providers and bankers have said.

Jun 24, 2009

Monsanto Co posted a smaller-than-expected slide in quarterly profit on Wednesday and said it would cut jobs and realign its Roundup herbicide business as surprisingly strong competition hammered sales.

Jun 24, 2009

Ford Motor Co aims to cut the number of its parts suppliers by almost half by the end of 2009 as the only U.S. automaker to avoid bankruptcy attempts to shore up its supply base at a time of deep financial stress for the industry.

Jun 24, 2009

Stocks gained on Wednesday after software maker Oracle's results beat expectations and durable goods orders jumped unexpectedly, giving more hope that the economy is rebounding.

Jun 24, 2009

Iran's foreign minister said on Wednesday Tehran was reviewing whether to downgrade ties with Britain, which Iran has accused of interference in its disputed presidential election, the ISNA news agency reported.

Jun 24, 2009

When a Starbucks (SBUX) opened across the street from our offices in downtown Missoula, Mont., a few years ago, a lot of people in this liberal college town were not too pleased. The national behemoth would squeeze the local coffee shops, critics said, and contribute to the homogenization of Missoula

Jun 24, 2009

A 400-billion euro ($554 billion) project linking solar power produced in the Sahara to energy users in Europe and North Africa is a win-win for both continents and could also promote integration around the Mediterranean, a German minister said.

Jun 24, 2009

An environmental group on Wednesday asked U.S. Secretary of State Hillary Clinton to deny permits for pipelines that would bring oil from Canada's tar sands to the United States.

Jun 24, 2009

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.

Jun 24, 2009

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.

Jun 24, 2009

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.

Jun 24, 2009

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.

Jun 24, 2009

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.

Jun 24, 2009

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.

Jun 24, 2009