IBT Staff Reporter

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Chrysler CEO: Industry faces reckoning with China

U.S. and European automakers better watch their rear-view mirrors as competition from Chinese rivals will result in a day of reckoning down the road, the head of Fiat SpA and Chrysler Group LLC said on Wednesday.

Stocks set to bounce after selloff, ADP

Wall Street equity futures were set for a higher open on Wednesday as buyers looked to halt the market's longest losing streak since October 2008 after a better-than-expected reading on the labor market.

Multi-Drug Resistant Salmonella Surfaces, As CDC Investigates Outbreak

A recent study published on Wednesday suggests that two strains of Salmonella are resistant to multiple antibiotic treatment drugs as the U.S. Centers for Disease Control and Prevention, along with the U.S. Department of Agriculture?s Food Safety and Inspection Service investigate a multi-state outbreak of Salmonella poisoning linked to ground turkey.

Huawei bets on the cloud, mobile phone sales soar

China's Huawei Technologies Co Ltd, the world's No. 2 network equipment maker, launched its cloud computing smartphones on Wednesday, looking to ride a mobile industry boom that drove a 64 percent sales rise in its devices unit in the first half.

Linda Evangelista and Salma Hayek Baby Daddy Drama

Recently, Linda Evangelista revealed the identity of her 4 year-old son's father. He just so happens to be Salma Hayek's husband--Francois Henri Pinault. "Francois' relationship with Linda was brief. They dated for three months in 2005. He didn't even meet Salma until April of 2006," a source clarified when it may have seemed as if Pinault had an affair with Evangelista while still with Hayek. "Linda didn't even tell Francois she was pregnant until the 8th month," a d...

Comcast profit up on Web subscribers, ad sales

Comcast Corp's quarterly earnings beat Wall Street expectations on a better-than-expected rise in Internet and phone subscribers and advertising sales growth at its NBC Universal joint venture.

South Korea fines Apple $2,855 over location data

Apple Inc's South Korean unit has been fined 3 million won ($2,855) by the country's communications regulator after the iPhone and iPad maker collected location data from users without proper authorization.

Stock futures signal bounce after sell-off

Stock index futures pointed to a higher open on Wall Street on Wednesday following the previous session's sharp sell-off, with futures for the S&P 500 up 0.51 percent, Dow Jones futures up 0.34 percent and Nasdaq 100 futures up 0.54 percent at 0925 GMT.

Google+, Apple's iCloud keep developers keen

Mobile developers more than ever want to devote their energies to writing apps for Apple's iOS and Google's Android platforms at the expense of their less popular rivals, a study released on Wednesday showed.

SNB cuts rates as safe-haven Swiss franc soars

The Swiss National Bank announced a shock cut in interest rates and threatened more action to cap a soaring Swiss franc, but was seen fighting a losing battle as investors seek respite from debt crises elsewhere.

Missing Oregon Hiker Found Alive After Three Nights

An Oregon woman, who spent three nights at the Mount Hood National Forest after falling off a cliff, said she ate berries and bugs, drank water from a creek and tried to scoot to safety on her bottom as she could not walk.

U.S. rating maintained by Moody's and Fitch

The United States had its triple-A rating confirmed by two key ratings agencies on Tuesday after Washington struck a last-minute deal to avoid a debt default, but threats of future downgrades remain.

Japan vows to stem yen rise, PM calls for BOJ action

Japan kept markets on guard for currency intervention and more monetary easing on Wednesday, with the finance minister vowing to stem the yen's rise and the prime minister calling for central bank action to protect the economy.

Jennifer Lopez: Eternal Optimist About Love, Still In Pursuit of Right Man, Her Ex-Marriages and Relationships [PHOTOS]

Jennifer Lopez calls herself an eternal optimist about love. ?I?m a hopeless romantic and passionate person when it comes to love,? says the superstar. The heartbroken Lopez shares that her biggest dream, love, hadn?t made an happy ending in her family with Anthony, though she really worked hard at it. Will Lopez soon find her right man again? Check out her three previous marriages and several significant relationships in her pursuit of love:

SNB Cuts Rates to Counter Steep Swiss Franc Rise

The Swiss National Bank cut its interest rate target band on Wednesday in a surprise move to stem the rapid rise of the Swiss franc, which investors have flocked to seeking harbor from the European and U.S. debt crises.

Insight: Debt relief replaced with recession fear

In a matter of days, investor relief that the United States avoided default has been replaced by fears Europe's debt crisis is deepening and the world's biggest economy may be slipping back into recession.

PCs another pest for Australian wheat growers

Outback Australian farmers - hardened from dealing with extreme weather, fires and pests - now have to wrestle with modern trading tools and technology after a tough day tilling the land as they adapt to the rigors of a deregulated market.

RIM unloads two new BlackBerry Torch phones

Research In Motion on Wednesday took the wraps off two more powerful versions of its touchscreen BlackBerry Torch, aiming to buy time until it can introduce a radically new software package in its smartphones.

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