IBT Staff Reporter

Bombardier Inc said on Wednesday it will sell as many as 120 aircraft to Warren Buffett's NetJets Inc, a deal that could be worth more than $6.7 billion and which sent its shares soaring 8.3 percent.

Stocks were slightly higher on Wednesday as strong labor market data offset the impact of continued high oil prices.

U.K. Telecommunications Regulator Ofcom has found that broadband speeds are often half of what is advertised.

Securities regulators were poised on Wednesday to propose a clampdown on bonus pay for Wall Street executives and to wean money market mutual funds off their reliance on credit ratings.

Talibanism is on the rise in Pakistan and the government is helpless about it, Wednesday's ruthless assassination of Shahbaz Bhatti, the nation's only Christian lawmaker to hold a cabinet rank, has confirmed.

A rogue Google Android developer by the name of Myournet took advantage of the company's openness by developing free mal-ware induced apps, which were direct rip-offs of popular apps.

Charlie Sheen stopped by the morning talk shows again Wednesday to introduce his two goddesses, Rachel Oberlin and Natalie Kenly.

International regulators have touted success at reining in bank bonuses, but creeping overall paychecks and an uneven global crackdown are threatening the reforms.

Ford Motor Co recalled more than 31,000 vehicles due to the risk of a possible fuel leak and electrical issues, according to a posting on the National Highway Traffic Safety Administration website.

Top U.S. office supplies retailer Staples Inc reported a lower-than-expected quarterly profit as inclement weather in many of its markets kept shoppers away.

February sales at Costco Wholesale Corp and BJ's Wholesale Club Inc surpassed Wall Street's expectations, driven by higher gasoline prices and shoppers' focus on bargains.

Top U.S. office supplies retailer Staples Inc forecast a sales recovery in the current quarter after inclement weather weighed on sales and profits in the fourth quarter.

Stocks were slightly higher on Wednesday as strong labor market data offset the impact of continued high oil prices.

The New York Times Co forecast higher first-quarter expenses and said February print advertising revenue fell, though print ad trends are improving.

The federal budget and unemployment were tied as top investor concerns, a poll showed, when asked to rate potential factors affecting the investment climate.

Among the new solar systems discovered by the Kepler spacecraft are planets that share orbits and one that orbits its star in a single day.

A report from SpendingPulse on national retail and services sales for the month of February has shown that growth continued in most sectors, but slightly less robust than prior months.

ATP World No.1 Rafael Nadal has said that he is 100% fit after recovering from a thigh injury sustained in the Australian Open.

Profit at Standard Chartered <2888.HK> jumped 19 percent in 2010 and the Asia-focused bank said it was off to a record start this year as China, India and other Asian markets boomed.

People.com is reporting that tennis star Serena Williams suffers pulmonary embolism.

German Chancellor Angela Merkel said on Wednesday a European Union document laying out options for a deal on safeguarding euro zone states' public finances was a good basis for discussions at a March 11 summit in Brussels.

As if Charlie Sheen's latest television tour and outrageous interviews weren't enough, the troubled actor started a Twitter account.

Private sector employers added more jobs than expected last month in a sign of steady improvement in the labor market, ahead of the closely watched non-farm payrolls report from the Labor Department on Friday.

Billionaire Warren Buffett said the U.S. economy is coming back and does not need more stimulus, despite an uneven recovery that mirrors the fortunes of businesses at his company, Berkshire Hathaway Inc.

More than a year after igniting the tablet computing craze, Apple Inc was preparing to unveil the second version of its blockbuster iPad on Wednesday -- possibly minus lead showman Steve Jobs.

Apple could be a victim of its own hype, created by its muted response to media prodding for details about the upcoming iPad 2.

Scientists have created the world’s most powerful optical microscope that may provide new opportunities to see live viruses.

Gold prices held just below the previous session's record high in Europe on Wednesday, as the acceleration of global inflation and the threat that violence in the Middle East and North Africa will spread supported interest in the metal as a haven from risk.

Top office supply retailer Staples Inc forecast quarterly earnings slightly below Wall Street expectations after winter storms weighed on results in the prior period.