IBT Staff Reporter

When Federal Reserve Chairman Ben Bernanke takes the podium next week at the central bank's annual meeting in Jackson Hole, Wyoming, his sense of deja vu may be overwhelming.

Approval of President Barack Obama's handling of the U.S. economy has fallen to a new low of 26 percent, according to a Gallup poll released on Wednesday in the aftermath of a bruising fight with Congress over federal spending.

Data storage equipment maker NetApp Inc posted quarterly revenue below Wall Street projections, saying that business slowed dramatically in July, and its shares tumbled 14 percent.

Every physician will face at least one malpractice claim over the course of his career, MedPage Today reported. The likelihood increases dramatically for neurosurgeons. Three of four malpractice are resolved with no payment to the plaintiff, researchers said.

The Federal Reserve will do what it feels is best for the economy, regardless of any political heat, a top Fed official said on Wednesday.

AT&T Inc is turning to the federal courts to thwart an effort led by law firm Bursor & Fisher to derail AT&T's $39 billion takeover bid for Deutsche Telekom AG's T-Mobile.

A federal appeals court voided a class-action settlement in a case brought by freelance writers who accused publishers of reprinting their works in online databases without permission.

Ben KlaymanGeneral Motors Co confirmed on Wednesday it will build a luxury electric car based on the technology used in its Volt plug-in hybrid for Cadillac as the automaker also studies plans for an all-electric small car for its mainstream Chevrolet brand.

Limited Brands Inc reported a higher than expected profit as it sold more lingerie at full price and the company raised its August same-store sales and full year profit forecasts, sending its shares up nearly 4 percent.

A New York City education panel should delay voting on a $120 million contract with Verizon Communications Inc until the telephone company agrees to a new contract for 45,000 striking workers, two city officials said on Wednesday.

What's going to happen to the University of Miami football team? No one knows but here are a few guesses.

Lehman Brothers Holdings Inc will not turn its asset management unit into a long-term business after creditors of the bankrupt investment bank objected.

By the complaints coming from Washington, you might think that the Standard & Poor's credit rating service is a big headache for its owner, the McGraw-Hill Companies Inc .

Tech shares fell on Wednesday after Dell's disappointing sales outlook fanned worries weak economic growth will hurt earnings in the third quarter.

Shares of Hewlett-Packard Co and Dell Inc fell on Wednesday as the outlook for U.S. and European corporate government technology spending dimmed.

Tampa high school principal Chris Farkas said Wednesday that threats are common among large schools but most aren't credible. According to the San Francisco Examiner, Farkas said that "fear set in" after an expelled student was arrested for devising a plan to blow up Freedom High School.

Ben KlaymanGeneral Motors Co will build a Cadillac luxury electric car based on the technology used in its Chevrolet Volt plug-in hybrid, people familiar with the plans said on Wednesday.

Google lost the battle with Apple, Microsoft and other in the bid for Nortel Network's 6,000 patents in the extravagant $4.5 billion transaction. The search giant regained some traction with it $12.5 billion dollar acquisition of Motorola in its push for dominance in the mobile market. The buy includes 17,000 patents that Google can utilize in combating legal affairs with rivals such as Apple.

Toronto's main stock index jumped more than 1 percent on Wednesday morning as rising commodity prices and healthy U.S. earnings pushed euro zone fears to the background and boosted risk appetite.

U.S. wholesale prices outside of food and fuel rose at the fastest pace in six months in July as costs for tobacco and light trucks jumped, but weak consumer demand was seen keeping inflation in check at the factory gate.

Kim Kardashian and the world are expectantly waiting for the 30-year-old beauty's wedding set to take place this coming Saturday, as her engagement ring receives massive attention among the wedding details.

Three U.S. Federal Reserve officials on Wednesday offered sharply differing reasons for opposing the Fed's move to freeze interest rates for two years, suggesting there is no unified revolt within Fed ranks over policy.

Canadian policymakers could provide important clues about spending plans and interest rates on Friday when a rare midsummer parliamentary committee meeting examines market instability and foreign debt crises.

Apple Inc, Nokia and Qualcomm Inc are among several technology companies pondering bids for InterDigital Inc, sources familiar with the situation said.

Tech shares fell on Wednesday after Dell's disappointing sales outlook fanned worries weak economic growth will hurt earnings in the third quarter.

Canadian manufacturing sales slid more than expected in June, while sales of existing homes were flat in July, data on Tuesday showed, offering new signals that the Canadian economy is slowing.

A New York City education panel should delay voting on a $120 million contract for Verizon Communications Inc until the telecommunications company settles a strike by 45,000 of its workers in a Northeast unit, the city comptroller said on Wednesday.

Some information on a rare disease known as Naegleria fowleri, which has taken the lives of three people this summer.

New York City is one of the most recognized, filmed, visited and loved cities in the world. There are a lot of obvious parks, buildings and areas to visit, but Times Square is not the real New York. Here's a look at some of the (relatively) less congested sites to see in "the Big Apple."