UNITED STATES

U.S. stocks rebounded late on Wednesday, led by shares of financial, technology and natural resource companies.

Citigroup upgraded No. 3 U.S. mobile service Sprint Nextel Corp to a buy rating citing a possible tie-up with Deutsche Telekom AG and expectations of improvement in subscriber numbers.

EU regulators are optimistic about achieving a satisfactory result from their review of U.S. software company Oracle Corp's (ORCL.O) plan to buy Sun Microsystems Inc (JAVA.O) despite competition concerns, Europe's antitrust chief said.

Once driven by their desire for an up-front profit, wealth advisers have been selling their firms out of fear they may not survive the economic downturn, an industry study released Wednesday said.

Citigroup Inc is in a position to repay TARP, the bank's chairman, Dick Parsons, told cable television network CNBC on Wednesday.

Bank of America Corp said on Wednesday it completed a previously announced plan to repay $45 billion in U.S. government aid, issued at the height of the financial crisis.

A major U.S. hacker agreed to plead guilty to federal charges linked to electronic break-ins at 7-Eleven Inc and a chain of New England grocery stores, a court filing shows.

China's top climate envoy called on President Barack Obama to increase a U.S. offer to cut greenhouse gases, and said it would discuss a 2050 emissions goal only if rich nations offered more cash and carbon cuts.

The $700 billion bailout of the U.S. financial system authorized by Congress in October of 2008 will be extended until October 2010, President Obama's top economic official wrote in a letter to the leaders of the U.S. Congress today.

China urged President Barack Obama to increase a U.S. offer to cut carbon emissions but its top climate envoy indicated willingness on Wednesday to compromise at a U.N. conference in Copenhagen.

A U.S. appeals court ruled on Wednesday that Bosnia's former ambassador to the United Nations cannot be extradited over allegations he misused government funds, reversing a lower court.

Private health insurance companies that offer alternative Medicare coverage funnel billions of dollars toward company profits, and to marketing and advertising rather than to patient care, U.S. Democrats charged in a report released on Wednesday

President Barack Obama on Wednesday praised a healthcare compromise reached by Senate Democratic negotiators and said it could clear the way for passing a sweeping healthcare reform overhaul.

President Barack Obama said Wednesday he will allocate nearly $600 million from the $787 billion economic stimulus plan to help create jobs at 85 community health centers.

With the emerging Asian economies rebounding from the global economic downturn faster than the G-7 economies, the Asia-Pacific region is the leading driver of global economic recovery and higher oil demand. Although the emerging Asian economies were generally less exposed to financial risks and credit default arrangements than the U.S. and European economies, many of them have taken strong stimulus measures throughout 2009 that are expected to boost domestic demand, financial credit, and greater...

Former Alaska Governor and vice presidential candidate Sarah Palin called for U.S. President Barack Obama to boycott the Copenhagen global climate change conference later this month, saying it will reach politically motivated results based on agenda-driven science.

Demand for U.S. home loans rose last week to the highest level in about two months, mostly from borrowers taking advantage of low mortgage rates to refinance, the Mortgage Bankers Association said on Wednesday.

Environmental investment manager Impax Asset Management Group Plc is preparing to capitalize on the buzz around the Copenhagen summit to tap into new markets in the United States, the group's CEO said on Wednesday.

Splitting its clean energy project portfolio between voluntary and U.N.-backed carbon offsets has reduced South Pole Carbon Asset Management's exposure to regulatory uncertainty, the company's chief executive said.

The S&P 500 and Nasdaq fell slightly on Wednesday on concerns about foreign debt and a weak outlook in the tech sector, but positive wholesale inventory data limited losses.

Citigroup upgraded No. 3 U.S. mobile service Sprint Nextel Corp to a buy rating citing a possible tie-up with Deutsche Telekom AG and expectations of improvement in subscriber numbers.