IBT Staff Reporter

Charges will not be filed against Greg Kelly, son of Police Commissioner Ray Kelly, who was accused of raping a 29-year-old woman last October.

Three Indian politicians from a morally conservative party, including a women's affairs minister, resigned on Wednesday after being caught watching pornography on a mobile phone during a session of state parliament.

When Sam Glassenberg, a former gaming division manager at Microsoft, began to advocate building a games industry in Israel, he found support from Jerusalem Venture Partners , a venture capital firm focused on digital media technologies.

Stocks were set for a slightly higher open on Wednesday on optimism that the latest attempt by Greece to reach a deal on reforms in exchange for a new bailout would be successful.

TomTom satnavs will in future help insurers tell the difference between a good driver and a bad one under a scheme designed to revive the Dutch navigation device maker's flagging fortunes.

Yahoo Inc Chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo Japan.

Greek parties will try on Wednesday to agree to a reform deal in return for a new EU/IMF rescue to avoid a chaotic default, after repeated delays which have prompted warnings that the euro can live without Athens.

U.S. stock index futures edged higher on Wednesday as leaders in Greece again attempted to reach a deal on reforms in exchange for a new bailout.

Stock index futures edged higher on Wednesday as leaders in Greece again attempted to reach a deal on reforms in exchange for a new bailout.

Time Warner Inc posted better-than-expected quarterly profit on Wednesday helped by its cable networks and the last installment of its Harry Potter movie franchise.

A French health minister tried to tweet her way out of embarrassing blog advice that homeless people should not go outdoors during the ice-cold snap in Europe.

Walt Disney Co's quarterly revenue fell short of Wall Street's expectations after the movie studio put in a poor showing, but profit grew at a faster-than-expected 12 percent clip as media networks and theme parks held strong in an uncertain economy.

Stock index futures edged higher on Wednesday as leaders in Greece again attempted to reach a deal on reforms in exchange for a new bailout.

German exports fell at their fastest rate in nearly three years in December and imports unexpectedly dropped, adding to signs that the Eurozone sovereign debt crisis hit the region's top economy hard in the fourth quarter.

Greek parties will try again on Wednesday to agree a reform deal in return for a new international rescue to avoid a chaotic default, after delays prompted some EU leaders to warn that the euro zone can live without Athens.

German exports fell at their fastest rate in nearly three years in December and imports unexpectedly dropped, adding to signs that the euro zone sovereign debt crisis hit the region's top economy hard in the fourth quarter.

Italian Prime Minister Mario Monti is confident reforms undertaken by his country over the last few months will help soften any blow from an unruly default by euro zone partner Greece.

The ongoing Eurozone debt crisis and the efforts to find a way out and save the single currency could potentially shake up and redefine the global economic equilibrium.

Nissan Motor Co is on track to be the most profitable of Japan's three big automakers this year, after record car sales last year and improved market share in every major region pushed up quarterly operating profit.

Japan aims to cut domestic consumption of a heavy rare earth used widely in hybrid cars and electronics by 30 percent over the next two years as China keeps a tight grip on exports of the material, known as dysprosium.

Anja has been scrubbing floors and washing dishes for two euros an hour over the past six years. She is bewildered when she sees newspapers hailing Germany's job miracle.

European air safety officials are preparing to extend checks for Airbus A380 wing cracks to the entire superjumbo fleet, sources close to the matter told Reuters on Wednesday.

German exports fell at their fastest rate in nearly three years in December and imports also unexpectedly dropped, suggesting Europe's bulwark economy could have contracted more than forecast in the fourth quarter of 2011.

When it comes to China, Facebook should consider itself forewarned. Cracking the world's biggest Internet population might seem an obvious ambition for the social networking giant as it trumpets its global growth before a $5 billion initial public offering, but the chances it will succeed look slim.

Stock index futures pointed to a slightly higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.2 to 0.3 percent.

If both the perma-bears and perma-bulls are wrong in their immovable convictions about the long-term global investment outlook, then 2012 may require a more agile beast and possibly one with both claws and hooves.

The annual average growth of China's minimum wages should be at least 13 percent in the five years to 2015, according to a government job market plan for the period published on Wednesday.

Samsung Electronics Co, the world's top television manufacturer, has seen TV sales firming up so far this year and plans to introduce cheaper TVs, as demand for lower-end models increase, the head of its TV business said on Wednesday.

Renesas Electronics and two other big Japanese chip makers are in talks to combine their struggling system chip operations in a government-backed deal, sources said, as pressure mounts for drastic reforms to confront stiff global competition.