IBT Staff Reporter

Stocks were little changed in choppy, light trading on Wednesday as investors weighed high expectations about an upcoming euro zone summit against headline-driven selling.

Citigroup began a round of layoffs among its London-based investment bankers this week, with jobs in advisory, equities and fixed income set to go as the bank readies 4,500 redundancies worldwide.

Congressman Barney Frank on Wednesday asked his colleagues to hold a hearing on alleged mortgage abuses at Ally Financial, a day after the attorney general from his home state of Massachusetts requested that lawmakers investigate.

EU antitrust regulators are set to accept concessions offered by International Business Machines Corp and end an antitrust investigation this month, averting a possible fine, two sources familiar with the matter said on Wednesday.

Arsenal manager Arsene Wenger has revealed his dream-buy to be Santos star Neymar.

France and Germany want a new EU framework to speed up progress towards a common corporate tax base and a financial transaction tax as well as convergence of financial regulation and labor market policies, a Franco-German letter sent on Wednesday to European Council President Herman Van Rompuy showed.

J.C. Penney Co Inc bought a 16.6 percent stake in Martha Stewart Living Omnimedia Inc and will build mini-stores under that brand in a deal new Chief Executive Officer Ron Johnson called a key centerpiece in the company's transformation.

Deutsche Boerse AG and NYSE Euronext could spin off parts of their derivatives arms to create a third-party competitor as a way to allay anti-trust concerns about their $9 billion merger, two sources familiar with the Boerse's thinking said.

Halliburton Co on Wednesday disputed BP Plc's allegations in a court filing that it had destroyed evidence related to its cement work on the Gulf of Mexico well that blew out last year.

Online sales climbed 15.6 percent in November and are doing well so far in December, as shopping from computers, tablets and mobile phones gain in popularity, according to data released by IBM Benchmark on Wednesday.

J.C. Penney Co Inc bought a 16.6 percent stake in Martha Stewart Living Omnimedia Inc and will build mini-stores under that brand in a deal new Chief Executive Officer Ron Johnson called a key centerpiece in the company's transformation.

Research In Motion has unceremoniously dumped the BBX brand name it had chosen two months ago for its new BlackBerry operating system after a U.S. court embarrassed the beleaguered smartphone maker by slapping a temporary ban on its use.

The St. Louis-based agricultural chemicals and biotechnology company now expects ongoing EPS guidance in the range of $0.15 to $0.20 for the quarter, up from the previous guidance of $0.10 to $0.15 and exceeding analysts' consensus of $0.13.

The new NBA labor deal may favor the small-market teams, but the national TV schedule will still be loaded with the league's big fish.

Nina Simone's daughter is suing her father for $155 million, claiming that he improperly obtained and transferred ownership of numerous items belonging to the singing icon, including master recordings, personal writings, diaries, letters, photos and other personal possessions.

Authorities on Tuesday identified the body of a young woman who plunged to her death over a 317-foot waterfall in Yosemite National Park with two friends in July.

Bane is no Joker. But will that matter for The Dark Knight Rises?

The Los Angeles Dodgers said late on Tuesday it has filed a motion with a U.S. bankruptcy court to approve its settlement with Major League Baseball, which would kickstart the sale of the bankrupt team.

Actress Octavia Spencer seemingly came out of nowhere to steal this summer's sleeper hit, The Help, about a group of African American maids in the early 1960s working in white households in Mississippi.

Anti-Wall Street protesters, seeking a new focus as cities across the country shut down two-month old Occupy encampments, launched a new wave of activism on Tuesday by rallying around homeowners as they try to resist evictions from foreclosed homes.

Adriana Garcia won't be buying her family Christmas gifts this year.

Journey 2 doesn't hit theaters until February 10, but the movie tested well over the weekend, and New Line has attached the film's team to Journey 3 -- if there is such a movie -- TheWrap has learned.

A deal with a native chief that Enbridge Inc held up last week as an example of rising support of their planned oil pipeline to the Pacific appears to be unraveling as the community battles over who has the authority to negotiate.

A Canadian judge said he will issue a decision on Wednesday in the Canadian Wheat Board's last-ditch attempt to let farmers, not government, decide whether the board keeps its 68-year-old grain marketing monopoly.

Artyom Kolpakov used to shrug when he came across occasional appeals on social media sites to protest against Russian Prime Minister Vladimir Putin and his government.

Applications for U.S. home mortgages jumped last week, recouping the previous week's steep decline as interest rates continued to fall, an industry group said on Wednesday.

Stocks fell on Wednesday with investors on edge ahead of a summit to hammer out a plan to combat the euro zone debt crisis and finding few reasons to continue buying after two days of gains.

With Mitt Romney's announcement on Tuesday that he will not attend a debate moderated by Donald Trump, the endeavor seems to be collapsing before it has begun -- and rightly so.

U.S. banks want regulators to give them more time to liquidate investments in certain private equity funds under the Volcker rule, arguing that without more leeway they will have to hold fire sales.