Galleon billionaire Raj Rajaratnam convicted in insider trading case

A resounding guilty verdict in the insider-trading trial of a high-flying hedge fund magnate represents the biggest victory against Wall Street...

Bentley Continental GT geared toward wide-open spaces, including parking spots

Saying it became a chore to drive a particular car probably wouldn't catch your attention. Telling you that car was the 2011 Bentley Continental GT...

Oil tumbles as U.S. supplies rise and demand falls

Energy prices led a renewed plunge in commodities Wednesday after government data showed accumulating stockpiles of crude oil and gasoline — and...

Foreclosure rate slows as repossession timeline lengthens

Increased scrutiny of how lenders foreclose on Americans has dragged the repossession process out to unprecedented lengths, driving down the pace at...

Facebook shuts out attorney who has the same name as website founder Mark Zuckerberg

Indianapolis bankruptcy attorney Mark S. Zuckerberg might not consider Facebook founder Mark Zuckerberg to be a friend.

Google says Chrome-powered laptops will be available in June

Google Inc. launched an ambitious challenge to rivals Apple Inc. and Microsoft Corp. with laptops loaded with its Chrome operating system, a long-...

Macy's reports profit surge in first quarter

Buoyed by robust sales including a major boost online, department store giant Macy's Inc. reported solid first-quarter results, including a surge in...

Comcast hires FCC's Meredith Attwell Baker for NBCUniversal unit

Cable giant Comcast Corp. has hired Federal Communications Commissioner Meredith Attwell Baker as senior vice president of government affairs for...

Cisco issues earnings warning

Cisco Systems Inc. warned Wednesday of another weak quarter as it struggles to revive growth, wiping out a short-lived stock price rally after its...

U.S. trade deficit widens in March on pricier oil

U.S. companies in March sold the most goods and services overseas in nearly two decades. But a big jump in oil prices pushed America's trade deficit...

Toyota profit falls sharply after Japan's earthquake

Toyota Motor Corp.'s quarterly profit crumpled more than 75% after the March earthquake and tsunami wiped out parts suppliers in northeastern Japan,...

AIG and Treasury offering 300 million shares worth $9 billion

Global insurance company American International Group Inc. and the U.S. government are offering to sell a total of 300 million AIG shares to the...

Slumping oil, commodity prices pop stock rally

Tumbling demand for commodities and a drop in the euro led to a broad stock sell-off Wednesday that pulled the Dow Jones industrial average down 130...

Apollo Global Management to buy 'American Idol' owner CKX

The nation's most popular television show — "American Idol" — will be owned by private equity.

Kern County's economy gains as commodity prices rise

David Rubio stands high on a hill looking over the desert, where hundreds of white wind turbines spin in the dry air.

Microsoft to buy Skype for $8.5 billion

It could be the most expensive call Microsoft Corp. has ever made.

Pharmaceutical industry defends 'pay-for-delay' deals

Brand-name drug companies and their generic rivals spend so much time and money attacking each other — in court, in Congress, and everywhere...

Warner Music Group debt is downgraded

Despite first-quarter sales that beat Wall Street's expectations, Warner Music Group got slapped with a downgrade from Fitch Ratings, an influential...

'Mars Needs Moms' drags down Disney's earnings

The box-office bomb that was "Mars Needs Moms" left collateral damage on Walt Disney Studios' bottom line, causing the film group's performance to lag...

China's trade surplus surged in April

China reported an unexpectedly large trade surplus in April, highlighting tension with the U.S. over the value of China's currency as the two...

San Pedro apartment tower sells for $80.1 million

The Vue, a prominent San Pedro residential tower completed during the last real estate boom, has been acquired by San Francisco investors for $80.1...

Google shows off digital music service despite limits

Google Inc. is proceeding with plans for a digital music service despite not having secured licensing agreements with record labels or music...

President Obama could send text-message warnings under new PLAN system

President Obama, who has been called the texter-in-chief, will soon have the ability to send any cellphone in the U.S. a text message warning of...

7.5 million Facebook users are too young for the site

About 7.5 million active Facebook users are skirting the company's age policy by lying about their age, saying they are 13 or older. Among those...

On location: Barbra Streisand and Seth Rogen help boost L.A. film production activity

Credit Barbra Streisand and comedian Seth Rogen for helping spur a long-overdue boost in local film activity.