IBT Staff Reporter

Apple Inc has scheduled its annual developers conference for the second week in June, with plenty of buzz surrounding its product plans.

Bristol-Myers Squibb Co agreed to pay $2.1 million to settle a probe by the U.S. Federal Trade Commission into its negotiations in to delay the launch of a generic version of its blockbuster drug Plavix, the Wall Street Journal said.

Things are getting tense at Japanese brokerage Nomura Holdings .

Asian stocks dipped on Friday, but still headed for their best weekly gain in four months as hopes the global economy could not get any worse continue to bolster riskier assets.

Graphics chipmaker Nvidia Corp countersued Intel Corp for breach of contract on Thursday, alleging that Intel made misleading statements designed to undermine Nvidia's licensing rights.

Asian stocks rose on Friday, trying for a fifth day of gains, as hopes the global economy could not get any worse kept investors buying riskier assets, though U.S. and Japanese data left some doubts lingering.

The Federal Reserve, along with the financial community, didn’t see, or failed to act on signs ahead of the current financial crisis, a Fed official said on Thursday.

The industry expected new regulations to derivatives being proposed by Treasury Seretary Timothy Geithner this week, industry figures said.

With earnings withered, Nomura holdings will need to quickly cut 4,000 of its 26,000 employees to reduce costs, including ex-Lehman Brothers employees which were acquired after the American bank’s bankruptcy, according to a report.

EQUITIES PUSH TROUGH AND HOLD ABOVE KEY RESITANCE LEVELS AS BETTER THAN EXPECTED TREASURY AUCTION RESULTS SUPPORT CONFIDENCE FOR US RECOVERY STRATEGIES.

Former U.S. Federal Reserve Chairman Alan Greenspan recommends graduated capital requirements for banks to cut back their size.

US Treasury futures seesawed between the recent ranges defined by last week’s FOMC post meeting rally. The markets ended the session posting strong gains after

Sumner Redstone's National Amusements has received interest from strategic rivals and private equity firms for its U.S. and U.K. theater chains, two sources with knowledge of the auction said.

For years, U.S. hedge fund managers have worried that their loosely regulated and secretive industry would one day face tougher regulations.

An International Criminal Court arrest warrant for Sudan's President Omar Hassan al-Bashir may have compromised the quest for peace in Darfur, a U.N. and African Union mediator said on Thursday.

Economic uncertainty due to job losses means potential home buyers should hold off as prices are set to drop up to 20 percent in the next 18 months, economist Nouriel Roubini said on Thursday, according to report.

Billionaire investor Carl Icahn said he has not spoken recently with Lions Gate Entertainment Corp , which on Thursday warned a change in control of the company could cause a debt default for the studio that has become a focus of Icahn's hostile overtures.

Two of the most respected U.S. newspaper publishers, The Washington Post Co and The New York Times Co, are embarking on new cost cuts in the face of dramatic declines in advertising revenue.

Stocks rallied for a second straight day on Thursday, taking the Nasdaq back into positive territory for the year-to-date, on increasing optimism that the economy's worst days are behind after the government reported data that was less dire than expected.

Stocks rallied for a second straight day on Thursday, taking the Nasdaq back into positive territory for the year-to-date, on increasing optimism that the economy's worst days are behind after the government reported data that was less dire than expected.

Billionaire investor Carl Icahn said he has not recently spoken with Lions Gate Entertainment Corp , which on Thursday warned that a change in control of the company could cause a debt default.

Wall Street faces curbs on risk taking and the prospect of lower profits under sweeping U.S. proposals to prevent a repeat of the credit crisis.

American International Group Inc , which has received $180 billion in U.S. taxpayer money, was subpoenaed on Thursday by New York's top legal officer for information on its credit default swaps contracts, sources familiar with the matter said.

Technology outsourcing and consulting firm Accenture Ltd reported a drop in quarterly sales and lowered its profit outlook for the full year due to the global economic slowdown, dragging its shares down 6 percent.

U.S. corporate profits plunged a record $120.1 billion in the fourth quarter as the economy shrank at its fastest pace since 1982, depressed by a slump in consumer spending and exports, government data showed on Thursday.

President Barack Obama said on Thursday the administration would unveil its next steps to help the troubled U.S. auto industry in the coming days, provided the companies push ahead with a sweeping restructuring.

Best Buy Co posted a 23 percent drop in quarterly profit, but its shares rose after the retailer's adjusted results topped Wall Street estimates, and it forecast full-year profit above expectations as it benefits from the closure of former rival Circuit City.

Stocks rallied for a second straight day on Thursday, taking the Nasdaq back into positive territory for the year-to-date, on increasing optimism that the economy's worst days are behind after the government reported data that was less dire than expected.

Top Federal Reserve officials hinted on Thursday that the long U.S. economic downturn could be in its final stages, although the early stages of recovery will likely be far from stellar.