IBT Staff Reporter

Toyota Motors USA is recalling approximately 51,000 Tundra trucks (2011 model year) to inspect the rear drive shaft, the carmaker said in a statement on Wednesday.

On Wednesday, April 27, 2011, the IAEA provided the following information on the current status of nuclear safety in Japan:

Johnson & Johnson is to buy Swiss medical devices maker Synthes Inc in a deal worth $21.3 billion, its largest ever buy, boosting its orthopedics franchise and reshaping the medical technology industry.

Wall Street expects Boeing Co to report a first-quarter profit in line with year-ago results on Wednesday, while investors will be on alert for confirmation that the long-delayed 787 Dreamliner is finally on schedule.

Sina Corp, China's largest Internet portal, has no immediate plans to list its microblog operations, its chief said on Wednesday.

China's rise as a manufacturing power has benefited American factory owners in at least one way.

America's global dominance of the private equity industry will likely remain for only a handful more years, as other geographies grow stronger and rival firms around the world flex their muscles, Carlyle Group co-founder David Rubenstein predicted on Tuesday.

China's economy may grow by 9.6 percent in the second quarter of 2011, a government think tank said in a report on Wednesday, keeping pace with first quarter growth.

America's global dominance of the private equity industry will likely remain for only a handful more years, as other geographies grow stronger and rival firms around the world flex their muscles, Carlyle Group co-founder David Rubenstein predicted on Tuesday.

Japanese retail sales fell in March at the fastest annual pace since 1998 and could remain weak for some time as last month's earthquake, radiation leaks from a damaged nuclear reactor and fears of electricity shortages weigh on consumer sentiment.

News Corp is expected to receive bids for Myspace by the end of this week, according to a person familiar with the matter.

Nasdaq OMX Group and IntercontinentalExchange Inc appealed directly to NYSE Euronext stockholders on Tuesday, asking them to press the Big Board's directors to sit down to talk about their joint bid.

An authorized person broke into Sony's PlayStation video game online network and stole names, addresses and possibly credit card data belonging to 77 million user accounts in what could be one of the largest-ever Internet security breaches.

The U.S. dollar plumbed a near 3-year low against other major currencies on Wednesday before a Federal Reserve decision where it is expected to reinforce its ultra-easy policy stance while stocks in Asia's developed markets rose, tracking a strong close on Wall Street.

First quarter results from Ericsson look set to benefit from a recovery in the global network gear market that could help soften any impact on its supply chain from the earthquake in Japan.

Amazon.com gave a confident revenue forecast that suggested its aggressive expansion into new businesses is paying off, soothing concerns about its slimmed-down profit margin.

The Japan disaster and aftermath are cutting into the sales and profits of U.S. companies that serve Japanese consumers, from Coca Cola to Coach Inc and 3M Co , even though shoppers are showing some resilience.

BP Plc is expected to post the weakest rise in first-quarter profits among big oil companies on Wednesday, after it was forced to sell assets to pay for the Gulf of Mexico oil spill.

Ford Motor Co reported its best first-quarter profit since 1998 as higher prices for redesigned vehicles including its small Fiesta offset pressure from spiking commodity and oil prices.

Amazon.com gave a confident revenue forecast that suggested its aggressive expansion into new businesses is paying off, soothing concerns about its slimmed-down profit margin.

Costco Wholesale Corp expanded its share buyback authorization and raised its dividend by 17 percent on Tuesday, sending the retailer's shares up 0.8 percent in after-hours trade.

Facebook began offering users in five U.S. cities coupons for everything from wine tastings to concert tickets on Tuesday, turning up the competitive heat in an increasingly crowded market.

Amazon.com reported a drop in profit for the first quarter as its investment in new businesses ate into earnings, but the online retailer's revenue forecast beat Wall Street forecasts.

Amazon.com on Tuesday posted quarterly revenue growth that let investors mostly shrug off razor-thin margins and disappointing earnings, and it forecast revenue that would beat Wall Street estimates for the current quarter.

For those who seek a white iPhone 4 and can't wait for it to arrive in the U.S., it's now possible to get one -- if you are willing to fly to Europe.

The natural gas industry should support common sense regulation to ease public worries about potential water contamination from hydraulic fracturing, a drilling practice vital to the U.S. shale gas boom, White House economic adviser Gene Sperling said on Tuesday.

The popular consumer reviews site makes definitive plans to go public.

The jury in hedge fund manager Raj Rajaratnam's trial asked to listen to replays of phone taps that prosecutors consider to be the centerpiece of Wall Street's biggest insider trading case in a generation.

A fresh batch of corporate results pushed U.S. stocks to their best levels since June 2008 on Tuesday, renewing optimism that profit growth will remain resilient enough to keep equities on the rise.