Former Federal Reserve Chairman Paul Volcker plans to leave his role as head of panel of experts advising President Barack Obama on the economy, sources familiar with the decision said on Wednesday.
Federal prosecutors may use secretly recorded telephone conversations at trial against a second group of defendants in the high-profile Galleon hedge fund insider trading probe, a US judge ruled.
LinkedIn, the social networking site for professionals, plans to go public in 2011 and has selected its financial underwriters, three sources familiar with the process told Reuters.
Starbucks Corp, the world's biggest coffee chain, unveiled a new logo on Wednesday that omits its name and the word "coffee", infuriating loyal customers.
China should draw in loose fiscal policies before long and does not have room for big increases in state outlays on top of existing programmes, a senior government researcher said in comments published on Thursday.
BP and its partners made a series of cost-cutting decisions that ultimately contributed to the oil spill that ravaged the Gulf of Mexico coast over the summer, the White House oil spill commission said on Wednesday.
Intel Corp is hopeful that its acquisition of McAfee Inc will close in the first half of this year, as a deadline for making concessions on the deal approached.
US Secretary of State Hillary Clinton and Chinese Foreign Minister Yang Jiechi met on Wednesday ahead of Chinese President Hu Jintao's state visit to Washington this month.
The number of US private-sector jobs surged in December at a rate three times stronger than forecast, a hiring report showed, the most bullish signal in months that a recovery in the world's biggest economy is shifting up a gear.
Toyota Motor Corp, faltering from recalls, has fallen into a statistical tie with Ford Motor Co for tops in US consumer brand perception, influential magazine Consumer Reports said on Wednesday.
A federal judge has ordered the Interior Department to put on hold a request for a bid to upgrade its email system that Google Inc said favored Microsoft Inc.
After years of trade policy stalemate, there could be big strides in 2011 with approval of US trade deals with South Korea, Panama and Colombia, Russia's entry into the World Trade Organization and perhaps even the end of the longest-ever round of global trade talks.
Pennsylvania State Police have agreed to stop issuing disorderly conduct citations to people who use profane language, the American Civil Liberties Union (ACLU) said.
JP Morgan plans a big expansion in Switzerland, particularly in private banking in Geneva, adding more than 400 jobs in total, the co-head for the US bank in Switzerland was quoted as saying on Wednesday.
Pet lovers in Massachusetts are optimistic the governor will sign into law this week that will allow them to designate in a will who should care for a pet after the owner's death.
White House press secretary Robert Gibbs is leaving his position to work as an outside adviser for President Barack Obama's re-election campaign, an administration official said on Wednesday.
French midfielder Ousmane Dabo is set to join Major League Soccer but the former Manchester City and Lazio player has admitted his name is unlikely to sell many shirts.
British retailer HMV may need to close hundreds of stores and sell its Waterstone's book chain to provide the money to accelerate its shift away from declining CD and DVD markets and secure its long-term survival.
Album sales fell by seven percent in Britain last year, despite a 30% jump in the number of digital albums purchased, industry lobby group the BPI said on Wednesday.
A South African actress who played Barack Obama's mother in an Indonesian movie about the US president's early life has been arrested and charged with drug possession, Jakarta police said on Wednesday.
Rising protectionism could kill off some multi-billion-dollar international takeovers this year, bankers say, noting that governments are increasingly keen to protect their national icons.
A former employee of American International Group has filed a lawsuit claiming that PricewaterhouseCoopers (PwC) was negligent in its audits of AIG and that the board of the bailed-out insurer failed to pursue a claim against the accountants.
China will let the yuan rise about 5% against the dollar in 2011 as it needs a stronger currency to combat inflation and avert asset bubbles, an official newspaper said on Wednesday.
Federal Reserve officials in December felt the US economic recovery was still weak enough to warrant monetary support despite growing signs of strength, Fed meeting minutes released on Tuesday showed
Samsung Group will boost investment by nearly one-fifth to a record amount this year, seeking to build new businesses and to widen its lead in technology sectors such as display screens, South Korea's largest business group said on Wednesday.