IBT Staff Reporter

Verizon Wireless will start charging customers a $30 fee for cellphone upgrades, on top of the price they pay for the new device, as the company looks to supplement its income to cover costs.

The monthly U.S. budget deficit widened to $198.16 billion in March from $188.15 billion in the same month a year earlier, partly because some benefit payments normally made in April were shifted to March, the Treasury Department said on Wednesday.

U.S. stocks rose on Wednesday after an encouraging start to earnings season helped equities rebound from five days of losses that pushed the S&P 500 and the Nasdaq below key technical levels.

Google Inc's advertising rates will get extra scrutiny as Wall Street ponders whether the proliferation of Internet-connected smartphones helps or hinders the money-making search engine that drives the company's profits.

Jim Yong Kim, the U.S. nominee to head the World Bank, on Wednesday told the bank's board of directors that he would not hesitate to question the status quo and do his best to help the world's poorest.

Oil prices rose on Wednesday after the government data showed domestic fuel stocks fell much more than expected last week, while a decline in imports limited a rise in crude inventories.

Nearly a decade ago, Eliot Spitzer, then the New York attorney general, had to force major Wall Street firms to build a Chinese wall between research and investment banking. Now, the same banks are fretting over a breach in that wall.

Stocks rose on Wednesday, bouncing back after five days of sharp losses that pushed the S&P 500 and the Nasdaq below their key technical levels.

J.C. Penney Co Inc said on Wednesday that Michael Dastugue is leaving on Friday after just 15 months as chief financial officer as the department store chain continues to work on its overhaul under its new chief executive.

Nokia warned its phone business would post losses in the first two quarters of this year as it struggles to revamp its product line to compete with Apple and Samsung, sending its shares 19 percent lower.

The Commander of North Korea's Satellite Integrated Control Center said on Wednesday that a satellite had already been successfully installed into the rocket and that the Unha-3 was now being fueled.

Import prices rose in March by the most in nearly a year on sharply higher petroleum costs, but prices outside food and energy climbed more modestly.

Shares in Alcoa Inc rose 7 percent on Wednesday, a day after the aluminum company posted a first-quarter profit instead of a loss Wall Street was expecting.

Stocks extended gains on Wednesday, pushing the Dow average up more than 1 percent as the market rebounded after five days of heavy losses on the S&P 500 brought the benchmark index down more than 4 percent.

Stocks rose in early trading on Wednesday, bouncing back after five days of heavy losses on the S&P 500 brought the benchmark index down more than 4 percent.

Ailing mobile phone maker Nokia warned its phone business would post losses in the first two quarters this year, as it struggles to revamp its product line to compete with rivals Apple and Samsung <005930.KS>.

Wall Street was set to bounce back at the open on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent.

Research In Motion said it will shortly release a slew of updates for its BlackBerry apps, making it easier for users to stay connected with their messenger community.

Three of China's largest Internet companies have promised the government they will take steps to banish online rumors, state media said on Tuesday, as the ruling Communist Party fights jitters over a tricky leadership transition.

A global cyber arms race is engulfing the Internet and the best way to counter the rapidly escalating threat is combining the efforts of U.S. agencies, private firms and international allies, cyber security officials said on Tuesday.

Well over half of people globally use the Internet to search for information on entertainment and hobbies, according to a new survey.

Stock index futures bounced back on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent.

Stock index futures bounced back on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent.

Britain's top share index rose around midday on Friday with banks leading the gainers after being boosted by a positive broker comment.

Stock index futures bounced back on Wednesday after five days of losses on the S&P 500 that brought the benchmark index down more than 4 percent.

HELSINKI, April 11 - Nokia unveiled on Wednesday its Lumia 610 NFC model, first to take the emerging near-field communication technology that drives instant payment systems to Microsoft's Windows Phone platform, and promised more models in the future.

Billionaire Sheldon Adelson said on Wednesday he plans to spend $35 billion on a mini-Las Vegas strip in Spain where he is courting the country's two top urban areas, Barcelona and Madrid, with plans for a casino complex.

Nokia has found a software bug in its Lumia 900 smartphone, its answer to Apple's iPhone, and is effectively giving the model away until it is fixed, blunting its bid to turn around its fortunes in the United States.

Stock futures pointed to a higher opening for equities on Wall Street on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.1 to 0.3 percent.