IBT Staff Reporter

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LSE raises bid for TMX; Maple showdown brews

The London Stock Exchange added cash payouts to its friendly bid for the operator of the Toronto Stock Exchange on Wednesday, raising the value to $4.1 billion and topping a $3.8 billion hostile offer from a Canadian consortium.

Analysis: Wall Street warns against temporary budget fix

Investors would balk at a possible move by Congress to raise the U.S. government's legal borrowing limit for only a short time, even if it bought lawmakers more time to work out a long-term solution.

Instant view: LSE sweetens its offer for TMX Group

The London Stock Exchange has sweetened its friendly offer for the TMX Group with an enhanced dividend, bringing the value to $4.1 billion for the operator of the Toronto Stock Exchange.

VIDEO of the Day: Toronto Author Trying To Get My Book Out There

Today's books video is from Matti McLean, who just had a book published called Catalyst: Saga of the Radicals.

Google, Citi invest another $204 million in wind project

Google Inc and Citigroup are investing another $204 million in the Alta Wind Energy Center in Southern California's Tehachapi Mountains, bringing their total combined investment in the project to $314 million.

Viacom, Time Warner Cable may settle iPad TV suits

Viacom Inc and Time Warner Cable Inc are trying to settle lawsuits over whether cable companies have a right to stream programing on devices such as Apple Inc's iPad.

Apple may have tough road in Amazon lawsuit

Apple Inc may face hurdles in stopping online retailer Amazon.com Inc from using Apple's App Store name through a trademark lawsuit, a U.S. judge indicated at a hearing on Wednesday.

Goodrich to go after new business

Aircraft supplier Goodrich Corp said it intends to pursue new business with Boeing should it decide to re-engine or redesign its 737 narrowbody plane.

Expect Justin Bieber Fever at New York Macy's TOMORROW [VIDEO]

Justin Bieber's new fragrance package, called Someday, was officially launched on June 20. It will be wrapped into a VIP gift set, which also includes a photo with Bieber, who will appear at Macy's at 2:30 p.m., Thursday.

Opponents File Lawsuit against SF Anti-Circumcision Initiative

Opponents of a measure to ban circumcision in San Francisco, before it takes to the ballot in November, filed a lawsuit Wednesday on the grounds that state law prohibits local governments from restricting medical procedures.

Knicks draft question: Offense or defense? (Jimmer or Shumpert?)

It's anyone's guess which direction the New York Knicks will go with their first-round selection at the 17th spot in the NBA draft tomorrow in Newark, N.J.

No let-up in pressure on Greece despite vote

Europe kept the pressure on Greece to push forward with a painful austerity program on Wednesday after Athens cleared the first hurdle in avoiding a sovereign default.

FedEx earnings rise, expects robust 2012

FedEx Corp's fourth-quarter earnings and outlook beat forecasts as higher shipping rates and tight cost controls more than offset a slowing economic recovery and high fuel prices.

Models pose with Samsung Electronics' new smartphone Galaxy S II in Seoul

Judge Rules Against Samsung In Apple Patent Case

District Judge says Samsung cannot get a sneak peak of future versions of the iPad and iPhone.

Wall Street falls after 4 up days on Fed's comments

Stocks dropped on Wednesday after the Federal Reserve acknowledged the sluggish pace of the U.S. economic recovery without hinting at further plans for stimulus.

Ryan Dunn Dead: Police Confirm He was Drunk and Driving

Ryan Dunn, perhaps best known as being a member of the 'Jackass' crew, was killed in a car accident on June 20, 2011.

Who are the Westboro Baptist Church and the Phelps Family?

The Westboro Baptist Church is an independent Baptist church, known for its strong stance against homosexuality. Founded in 1955, it is led by Fred Phelps and his family out of Kansas.

William, Kate's Canada visit wins world attention

Pay $400-$4,000 to meet and greet Kate Middleton, Prince William

Kate Middleton and Prince William, who will be in California in July, will attend the July 9 Foundation Polo Challenge at the Santa Barbara Polo & Racquet Club.

RIM's hub down, not out as BlackBerry maker sags, sacks

The mood is grim in Thirsty's, the tiny blue-collar pub across from Research In Motion's low-rise block of manufacturing buildings.

RIM's hub upbeat as BlackBerry maker sags, sacks

The mood is grim in Thirsty's, the tiny blue-collar pub across from Research In Motion's low-rise block of manufacturing buildings.

Pottermore to be Uncovered Tomorrow - Top 10 Speculations and 1 Last Minute Leak

The mysterious new website Pottermore.com appeared last week, driving the Harry Potter fans into a swirl of speculations and excitement over the new project by J.K. Rowling.

View police report from Ryan Dunn’s fatal car crash

A report was released earlier today which showed that Jackass star Ryan Dunn has twice the legal blood alcohol level at the time of his fatal crash.

A note addressed to the news media is seen on the door of the home of Ryan Cleary, a British teenager arrested in Wickford, eastern England

London Police Arrest Hacker; Lulzsec Distances Itself From Him

Hacker arrested by British police; Lulzsec denies he is a member of their collective.

City Guide: Prague, Czech Republic

The city is a blend of old and new, a meeting of east and west, and right in the middle of the continent of Europe! Don't miss out on one of the oldest, most beautiful cities in Europe.

DealTalk: In turnabout, U.S. banks issue stock to pay for deals

U.S. banks including PNC Financial Services Group and Capital One Financial are using shares to help pay for even small acquisitions, in a sign of how much pressure they feel to boost their capital levels.

Fed cuts GDP forecast; no hint of more support

The Federal Reserve on Wednesday cut its forecasts for U.S. economic growth, but offered no hint of further monetary support, saying growth should pick up soon.