UNITED STATES

Swedish carmaker Saab secured a key court ruling on Wednesday to cut billions of crowns in debt, paving the way for its proposed takeover by local sportscar maker Koenigsegg.

U.S. wireless carriers Verizon Communications and AT&T took issue with assertions that they colluded in setting prices for text messages, saying on Tuesday that prices for most customers had fallen and the market was competitive.

Real estate tycoon Donald Trump has made a bid to buy New Jersey casino operator Trump Entertainment Resorts Inc, which in February logged its third bankruptcy filing, the Wall Street Journal reported on Tuesday.

Supporters of Iran's defeated presidential candidate Mirhossein Mousavi aim to keep pressure up with new protests on Wednesday over a disputed poll which has led to the biggest upheaval since the 1979 Islamic revolution.

Swedish carmaker Saab Automobile secured a key court ruling on Wednesday allowing it to cut billions of crowns of debt and paving the way for a takeover of the General Motors unit by local sportscar maker Koenigsegg.

Boeing Co will discuss added costs for its B787 airliner with supplier partners after the plane's first flight, Boeing Chief Executive Jim McNerney said in an interview published on Wednesday.

Asian stocks outside Japan fell for a fourth day on Wednesday, weighed by resource-related shares and doubts about a global economic recovery, while U.S. Treasuries eased on profit taking after a surge overnight.

Most stocks in Asia edged lower on Wednesday, weighed down by resource-related shares and doubts about a global economic recovery, while oil slipped below $70 a barrel ahead of U.S. inventory data that could reflect slowing energy demand.

President Barack Obama will unveil on Wednesday his plans for reshaping U.S. financial regulation, with proposals to close one bank regulator and create new overseers for big-picture economic risk and consumer financial product safety.

The Obama administration plans to streamline U.S. bank oversight and put the Federal Reserve in charge of monitoring big-picture economic risks in a sweeping regulatory overhaul to be formally unveiled on Wednesday, a senior administration official said.

Most stocks in Asia edged lower on Wednesday, weighed down by resource-related shares and doubts about a global economic recovery, while oil slipped below $70 a barrel ahead of U.S. inventory data that could reflect slowing energy demand.

Palestinians in the Gaza Strip are being treated more like animals than human beings, former U.S. president Jimmy Carter said on Tuesday.

The House of Representatives on Tuesday narrowly backed a $106 billion bill to pay for the U.S. wars in Iraq and Afghanistan and extend billions in new credit to the International Monetary Fund.

Maurice Hank Greenberg, former chief executive of insurer AIG, testified before a federal jury on Tuesday that he did not have a fiduciary duty to fund an AIG compensation plan.

Republican U.S. senator John Ensign from Nevada admitted on Tuesday he had an extramarital affair with a campaign staffer last year.

Carlyle Group and Blackstone Group LP are leading an investor group that is bidding to acquire First Republic Bank, a private banking unit of Bank of America Corp , Bloomberg News said on Tuesday, citing three people familiar with the matter.

Renewable energy projects in the western U.S. states may develop quickly after the Obama administration’s Interior and Agriculture departments announced their support for a solid energy system at the Western Governors Association annual meeting on Monday.

Chinese mainland's purchase of US Treasury bonds fell for the first time in 11 months to $763.5 billion in April, latest US government data showed on Monday.

Energy leaders across the Americas gathered in Lima, Peru, at the Americas Energy and Climate Symposium,- which concluded today- to commit in taking concrete actions to reduce carbon emissions from the region.

The Obama administration plans to merge two banking regulators and create a federal watchdog on consumer financial products as part of a sweeping reform plan to be formally unveiled on Wednesday.

The White House on Tuesday dashed hopes that the federal government would help California overcome a mammoth budget crisis that has brought the state dangerously close to an economic meltdown, saying the state will have to solve the problem on its own.