IBT Staff Reporter

The Nasdaq jumped to a 10-year high as U.S. stocks rallied on Wednesday after Fed Chairman Ben Bernanke's first-ever press conference did nothing to short-circuit investors' optimistic outlook on the economy.

French President Nicolas Sarkozy said Wednesday he would invite Internet business leaders to an end-May G8 summit to discuss regulation of the Web and he called for more scope for governments to tax Internet firms.

Telecoms gear maker Ericsson blasted past first-quarter core profit expectations thanks to surging mobile broadband sales but said it would take until the third quarter to resolve Japan quake supply problems.

Visa Inc has thrown its weight behind a mobile payments venture created by Twitter co-founder Jack Dorsey.

The U.S. Supreme Court ruled on Wednesday for an AT&T Inc unit seeking arbitration for a dispute over cellphone taxes rather than allowing customer claims to be brought together as a group.

Federal Reserve Chairman Ben Bernanke signaled on Wednesday that the U.S. central bank is in no rush to scale back its support for the economy with the labor market still in a very, very deep hole.

Whirlpool and Electrolux said shoppers will have to shell out more money to buy washers and dryers this year as the companies pay more for steel, copper and oil.

Senate Majority Leader Harry Reid - who is strongly against a budget proposal that will change the Medicare health care program for seniors to reduce costs - said Wednesday that he would test Republican senators commitment to the proposal by holding a vote.

Federal Reserve Chairman Ben Bernanke said on Wednesday a strong, stable dollar is in U.S. and global economic interests but could not say how long the Fed would maintain the loose monetary policy that has been blamed for its current weakness.

PlayStation gamers expressed shock on Wednesday at the massive data hack of Sony Corp that compromised their personal information, leaving many threatening to flock to Sony's competitors and other venues.

BP Plc and ConocoPhillips reported disappointing quarterly profits on Wednesday as the big oil companies' crude oil production fell, offsetting the windfall from soaring energy prices.

AT&T's rivals have asked U.S. regulators to combine a review of AT&T's proposed purchase of T-Mobile USA with their examination of its plan to buy wireless airwaves from Qualcomm Inc .

Two Lionel Messi late goals at the Santiago Bernabeu in a heated Champions League semifinal between Barcelona and Real Madrid to give the Catalans a vital away goal before the second leg next week.

The suit alleges that Sony did not do all it could to both prevent the instrusion and inform subscribers of its occurrence.

Berkshire Hathaway on Wednesday said David Sokol misled the company in the way he disclosed his financial interest in Lubrizol Corp before pushing Berkshire CEO Warren Buffett to buy it.

General Electric Co believes the global economy is continuing to improve and that rising oil prices have not yet taken a toll on growth, the largest U.S. conglomerate's chief executive said.

A former expert consultant to hedge funds will plead not guilty to criminal charges arising from a federal probe of insider trading, his lawyer said.

The U.S. Supreme Court ruled on Wednesday for an AT&T Inc unit seeking arbitration for a dispute over cellphone taxes rather than allowing customer claims to be brought together as a group.

The Federal Reserve signaled on Wednesday it is in no rush to scale back its extensive support for the U.S. economy and said a run-up in commodity prices that has dented growth should be fleeting.

Nintendo chief executive Satoru Iwata says the 3DS hasn't sold well because people do not understand its capabilities.

The Federal Reserve signaled on Wednesday it is in no rush to scale back its support for the U.S. recovery as it cut its forecast for 2011 economic growth.

According to a report from MTV.com, Lady Gaga announced she will donate $1 million to charity.

A U.S. judge has largely sided with Oracle Corp over how several technical terms will be defined in its patent fight over Google Inc's Android software, according to a tentative ruling.

A key gauge of U.S. manufacturing rose in March and new orders in February were stronger than initially thought, indicating a vibrant factory sector even as the economy slowed in the first quarter.

U.S. stocks extended gains on Wednesday, with the S&P and the Nasdaq near session highs after the Federal Reserve signaled it was willing to maintain its extensive support for the U.S. economy and corporate earnings continued to impress.

People will be able to submit questions to the Endeavour via YouTube, which will be answered live from space.

Actress Kate Hudson appeared on the Today show Wednesday to promote her latest film 'Something Borrowed. During her chat with Matt Lauer she announced she is engaged to rocker Matthew Bellamy.

In an interview with Mobilized's Ina Fried, Jobs reiterated many of his company's previous denials.

Stocks were higher on Wednesday after the Federal Reserve signaled that it was in no rush to scale back its extensive support for the U.S. economy.