IBT Staff Reporter

Bank managers need to be evaluated to see if they are doing a good job and consideration needs to be given about possibly better qualified individuals to run the institutions, FDIC chief Sheila Bair told Bloomberg.

U.S. stocks stumbled on Friday as energy shares dropped along with oil prices on worries about weak demand, overshadowing fresh reassuring economic data.

U.N. High Commissioner for Refugees says Pakistan needs massive international help for hundreds of thousands of people displaced by fighting in the Swat valley to avert a tragedy.

WASHINGTON - President Barack Obama on Friday renewed U.S. sanctions against Myanmar's military government, saying its actions and policies continued to pose a serious threat to U.S. interests.

Two U.S. Securities and Exchange Commission enforcement lawyers are under investigation by federal criminal authorities for allegedly using insider information to trade stocks, a report by the SEC's internal watchdog said.

General Motors Corp said it would drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.

New York State announced Friday it will go forward with projects that will eventually generate up to 100 megawatts of solar photovoltaic energy.

Bahrain’s largest oil producer and exporter in the Middle East still looking for positive economic growth to bear fruit despite the global slowdown in commodities as it runs out of oil, said Shaikh Salman bin Hamad Al-Khalifa, CEO of Economic Development Board interviewed by CNBC during the World economic forum today.

House speaker Nancy Pelosi backed U.S. energy policy being proposed by the House Energy and Commerce committee, saying it will help grow the economy and create jobs.

Major League Baseball has won a patent for technology that blocked certain fans from viewing local games online, and it may open the door for the U.S. sports league to profit by licensing it to media companies.

A former partner at accounting firm Ernst & Young LLP was guilty of securities fraud for an insider trading scheme but not guilty of conspiracy charges, a U.S. jury ruled on Friday.

Hewlett-Packard Co. is voluntarily recalling lithium-ion batteries used in HP Pavilion, Compaq Presario, HP, and HP Compaq because of fire hazard, the U.S. Consumer Product Safety Commission announced Thursday.

Hedge fund and traditional money management firms hard hit by last year's market meltdown are poised for a surge of mergers and acquisitions to bolster depleted assets and widen sources of revenue.

General Motors has quietly roped off a bit of virtual real estate with an address similar to one used by Chrysler, that could serve as an information clearinghouse if GM seeks bankruptcy protection.

Regulators are looking at ways to protect investors from losing funds backing their derivatives trades in the event of a Lehman-style bank failure.

Hmmmmmm... how interesting. I've just been contacted by a firm who says the UK Telegraph story yesterday misquoted Mark Patterson and that the newspaper pulled down its piece. Considering it was the #1 viewed story on the Telegraph yesterday that is quite interesting. The story has now disappeared into the Error 404 ether on the Telegraph website. I won't speculate on the role of the Invisible Hand reaching out to certain parties ... but a grassy knoll type of person could connect so...

U.S. stocks stumbled on Friday as energy shares dropped along with oil prices on worries about weak demand, overshadowing fresh reassuring economic data.

A U.S. jury found a former partner at accounting firm Ernst & Young LLP guilty of a securities fraud charge on Friday, according to a court document.

Authorities have warned people about a huge emergency-response drill set for New York City's World Trade Center on Sunday, seeking to avoid panic like one caused by an unannounced flyover by a U.S. presidential plane.

French President Nicolas Sarkozy told his Pakistani counterpart he wanted the Muslim country to have a wide-ranging deal to buy nuclear equipment like the one obtained by its rival India, Pakistan said on Friday.

U.S. President Barack Obama on Friday revived the system of Guantanamo military trials for foreign terrorism suspects, angering supporters who said he had broken a promise to end the controversial tribunals set up by the Bush administration.

U.S. economic data offered more evidence on Friday that the recession's worst phase may be over, with April consumer prices unchanged and industrial output declining at a slower pace than in March.

U.S. stocks stumbled on Friday as energy shares dropped along with oil prices on worries about weak demand, overshadowing fresh reassuring economic data.

British Anokimobi Ltd on Wednesday unveiled the world’s first Eco-friendly, high visibility and cost efficient solar powered by the sun rays on Electro Luminescent (EL) based Technology.

NKorea nullifies industrial contracts with South unconditionally

The Department of Energy announced Friday it will dispense $2.4 billion of government stimulus funds for the deployment of carbon capture and storage (CCS) technology.

The greenback edged higher against the euro on a combination of better than expected US economic reports and continued risk aversion flows.

McAfee Inc, the No. 2 computer security company, plans to team up with EMC Corp to offer online PC backup services, and announced the acquisition of a company that protects ATMs against hackers.

U.S. sales of videogames fell 17 percent in April to $1.03 billion, research group NPD said on Thursday, the second steep monthly decline in a row.