IBT Staff Reporter

Chinese brewers are making an aggressive push into premium beer, lured by high margins and huge growth potential, posing a tough challenge to the foreign companies that dominate the category in the world's largest beer market.

The Securities and Exchange Commission has launched a probe into whether MF Global Holdings made misleading statements about the $6.3 billion bets that sank the company, the Wall Street Journal said, citing people familiar with the matter.

Comcast Corp, News Corp and Time Warner Inc reported stronger quarterly results on Wednesday, confirming it pays to have a solid lineup of cable networks -- at least while advertisers keep spending.

Yahoo Inc is contemplating the sale of a minority stake to a private equity firm followed by a large share repurchase, in a bid to buy time to turn around the Internet company, people familiar with the matter said.

The leaders of Germany and France told Greece on Wednesday it would not receive another cent in European aid until it decides whether it wants to stay in the euro zone.

Shares in LG Electronics plunged early Thursday amid market talk the world's No.3 handset maker was planning a rights offer worth some 1 trillion won ($891.4 million).

Groupon Inc is poised to price its initial public offering $1 to $2 above its current range, responding to stronger-than-anticipated demand for the biggest U.S. IPO in months, three buyside sources said on Wednesday.

In its final days before descending into bankruptcy, Jon Corzine's MF Global Holdings may have transferred customer funds to avoid detection by authorities, a regulator of the firm said on Wednesday.

At 7 feet tall, the deluxe edition of Visionaire’s “Larger Than Life” issue featuring Lady Gaga as a mermaid squirming in oil might literally be the biggest magazine of all time.

Fitting older versions of Google's Inc popular Android software to cheaper cellphones could send the repair costs of global telecoms operators up as much as $2 billion, a study by wireless services firm WDS showed.

Mobile operator Telefonica is to slash its range of handsets as part of its efficiency drive, freeing it up to develop new products and services within its digital division.

RealD Inc's shares fell as much as 14 percent in extended trade after the licensor of 3D technologies said Samsung Electronics pulled out of an agreement to make television panels featuring the company's technology.

Silicon wafer maker MEMC Electronic Materials Inc on Wednesday reported a quarterly net loss and lowered its earnings outlook for the year due to a dramatic drop in prices on solar products and soft semiconductor demand.

When the bailiff knocked on the door of a California Superior Court jury room Tuesday, onlookers reached for their laptops.

Fusion-io Inc's quarterly results beat estimates helped by growth across its core business and the storage hardware and software maker raised its full-year revenue outlook, sending its shares up as much as 19 percent.

Flash memory provider Spansion Inc said it would cut about a fifth of its workforce and expects to take a related charge of about $30-$56 million, sending its shares down 2.5 percent after the bell.

Sales at mobile modem maker Sierra Wireless were hurt in the third quarter by a loss of business from Barnes & Noble's e-book readers and from cellular service provider Clearwire, Sierra said on Wednesday.

Raymond James Financial Inc. has joined a growing number of firms that are allowing financial advisers to communicate with clients through social networking sites.

Video game maker THQ Inc reported better-than-expected quarterly results and forecast a profitable holiday quarter, sending its shares higher in afterhours trading.

A judge on Wednesday ruled that Sprint and C Spire Wireless can pursue part of their antitrust lawsuit against AT&T Inc's proposed $39 billion acquisition of T-Mobile USA.

Yahoo Inc unveiled a handful of products to try and bolster its mobile and social networking offerings, as the struggling Web company continues to evaluate its future.

Video game maker THQ Inc reported better-than-expected quarterly results and forecast a strong holiday quarter, sending its shares up more than 12 percent in after-hours trading.

Workers were evacuated from a unit at the San Onofre nuclear power plant in California on Tuesday after an ammonia leak, but the incident posed no threat to the public, officials said.

Chipmaker Qualcomm Inc forecast double-digit sales growth this fiscal year, banking on continued strong demand for smartphones and mobile devices as its quarterly results beat Wall Street estimates.

Former CEO Herman Cain is now saying that the campaign of one of his primary opponents, Texas Gov. Rick Perry, is responsible for leaking the old sexual harassment allegations that were the subject of an explosive Politico article on Sunday.

Kraft Foods Inc reported higher-than-expected quarterly profit and raised its full-year outlook, citing strong sales trends around the world.

News Corp tried to focus attention on its strong quarterly business performance on Wednesday and away from the ongoing fallout from the phone-hacking scandal at its UK newspaper unit, which has rocked the company since it erupted in July.

Beginning at 9am, Occupy protestors gathered at the Frank Ogawa Plaza in Oakland on Wednesday. Around downtown and City Hall, traffic was blocked and ATMs were defaced in anger as the crowd marched through the branches of major banks.

Chipmaker Qualcomm Inc forecast double-digit sales growth this fiscal year as its quarterly results beat Wall Street estimates due to strong demand for its cellphone chips.