IBT Staff Reporter

The Dow and S&P were little changed on Wednesday despite strong profit growth from JPMorgan Chase & Co as analysts questioned if the bank's results were a one-time win or would translate to others' performances.

Consumer goods giants Unilever and Procter & Gamble were fined 315.2 million euros ($456 million) by EU regulators on Wednesday for fixing washing powder prices in eight EU countries.

Many European banks need bigger capital cushions to restore market confidence and help reduce the risk of another financial crisis, the International Monetary Fund said on Wednesday.

LONDON, April 13 - Any fundamental restructuring of Greece's US$350bn of outstanding debt before June 2013 will have severe repercussions across the Eurozone, according to the lawyer who advised Uruguay on the successful restructuring of its sovereign debt in 2003.

Libyan students are using mobile phones, an amateur video camera and YouTube to offer a glimpse of the war in the besieged city of Misrata where journalists are prevented from reporting freely.

Rising U.S. bond yields have more to do with improving economic growth prospects and market concerns about inflation rather than Washington's deteriorating fiscal position, the International Monetary Fund said on Wednesday.

JPMorgan Chase & Co posted an increase in first-quarter earnings, as it set aside less money to cover bad loans.

As the search for bodies continues and victim count reaches a possible 10, the details from the victims have started shaping the Long Island serial killer's identity. Start the slideshow to see photos of the victim released by the police:

Stocks edged up on Wednesday but were off their earlier highs as bank shares turned negative.

Danish luxury electronics maker Bang & Olufsen will not rule out divestments and is confident the flat development in its core audio-video business can be turned around, its Chief Executive told Reuters.

The world's banks face a $3.6 trillion wall of maturing debt in the next two years and must compete with debt-laden governments to secure financing, the IMF warned on Wednesday.

Consumer goods giants Unilever and Procter & Gamble were fined 315.2 million euros ($456 million) by EU regulators on Wednesday for fixing washing powder prices in eight EU countries.

Japan's government has downgraded its assessment of the economy for the first time in six months to reflect last month's devastating earthquake and tsunami, while wholesale prices rose at the fastest pace in more than two years in an ominous sign for company profit margins.

Glasses-free 3D experience now comes to Apple iPad 2, courtesy, a group of French researchers who used the front-facing iPad 2 camera to gauge how a user is looking at the screen to project 3D image.

Facebook CEO Mark Zuckerberg is facing a high-powered technology law firm in a suit that may cost him 50 percent of the billion-dollar company.

President Barack Obama's awaited proposal on Wednesday dealing with specific dollar amounts and cuts needed to address the United States' $14.3 trillion debt will contrast with a Republican proposal offered last week by offering a balance that it didn't have, a White House spokesman said.

The Wall Street Journal is reporting that CBS Corp. is asking for $1 million for 30 seconds of national commercial time for the final week of Oprah Winfrey's TV show in May.

- Japan's government on Wednesday downgraded its assessment of the economy for the first time in six months, saying it is showing weakness after a devastating earthquake and tsunami last month battered the northeast coast.

Despite having backup form Jersey Shore star Pauly D, Charlie Sheen received a poor reaction from the crowd at Boston's Agganis Arena Tuesday night.

JPMorgan Chase & Co posted a higher-than-expected increase in first quarter earnings, as it set aside less money to cover bad loans.

The full text of the complaint filed by Paul Ceglia, claiming 50 percent ownership of Facebook.

Take a look at the 10 colleges in the nation with the most high-stress environments.

Wall Street stocks were set for a higher open on Wednesday after JPMorgan Chase's earnings beat expectations and spurred bets that other banks' results will be strong.

U.S. retail sales rose modestly in March as auto sales plunged and consumers stretched to pay for pricey gasoline.

JPMorgan Chase & Co posted an increase in first-quarter earnings, as it set aside less money to cover bad loans.

A cell phone network called Free Libyana, brain child of a Libyan-American telecom executive Ousama Abushagur, is allowing rebels to communicate using a hijacked portion of the Libyana network.

Consumer goods giants Unilever and Procter & Gamble were fined 315.2 million euros ($456 million) by EU regulators on Wednesday for fixing washing powder prices in eight EU countries.

The assembly polls in India’s southern state of Tamil Nadu will mark as one of the hotly contested and most unpredictable elections in decades.

Some U.S. airwaves used for free, over-the-air TV signals must be repurposed for mobile broadband use to tackle a looming spectrum crisis, the top U.S. communications regulator said on Tuesday.