IBT Staff Reporter

Time Warner Inc posted a rise in fourth quarter revenue and profit thanks to a 21 percent jump in advertising sales at its cable networks division.

Amazon.com is developing a film streaming service, which would compete directly with Netflix Inc, the Financial Times said.

The number of planned layoffs at U.S. firms in January rose 20 percent from the previous month to 38,519, but the tally was still the lowest for a January since at least 1993, according to a report released on Wednesday.

Vodafone has named outgoing Philips Chief Executive Gerard Kleisterlee as its new chairman, bringing emerging markets know-how and an ability to simplify a group to the world's largest mobile operator.

New scanning software from TSA eliminates passenger-specific images and puts in auto-detection technology instead.

LED makers have defied the post-crisis market turmoil with off-the-charts share price gains reminiscent of the dot-com boom.

World's top appliance maker Whirlpool Corp is raising prices of its goods this year to combat rising costs of materials like steel, plastics and paint, echoing the sentiment from smaller Swedish rival Electrolux.

U.S. stocks seesawed between modest gains and losses on Wednesday as indexes struggled to move higher a day after the Dow and S&P 500 closed at their highest in about 2-1/2 years.

The company posted a net loss in revenue of $322 million, up from year-on-year losses of $82 million.

Mattel Inc, the No. 1 toy company, staked its claim as the winner of the holiday shopping season as strong demand for its core Barbie and American Girl brands helped quarterly earnings beat expectations.

Germany and France have reached a consensus on steps to boost economic coordination within the euro zone as part of a comprehensive anti-crisis package that will also see the scope of Europe's bailout fund bolstered.

Mattel Inc, the maker of Barbie dolls and Hot Wheels cars, posted quarterly results that breezed past market estimates, helped by strong demand across its brands.

Simon JohnsonIceland's central bank signaled on Wednesday that interest rates may have bottomed out as it cut borrowing costs by 25 basis points to support a slow recovery from a brutal downturn.

Chrysler Group LLC canceled first production shifts at several plants in eight locations on Wednesday due to a shortage of parts.

U.S. stocks were little changed on Wednesday as a strong reading on the labor market failed to extend gains a day after the Dow and S&P reached their highest close in about 2-1/2 years.

Egyptian Internet connections appear to be behaving normally, after a rare blackout was imposed by the government last week.

A deep chill set in across much of the central U.S. on Wednesday as a major storm moved toward the northeast, bringing heavy snow, ice, wind chills and severe weather.

U.S. private employers added 187,000 jobs in January compared with a revised gain of 247,000 jobs in December, a report by payrolls processor ADP showed on Wednesday.

A classified U.S. document obtained by the anti-secrecy group WikiLeaks shows three previously undisclosed participants in the September 11, 2001 plot, The Washington Post reported on Tuesday.

Apple Inc. said its CDMA iPhone 4 will be available for pre-orders from Thursday at Apple stores and Verizon Wireless. Apple said orders will be fulfilled on a first come, first served basis due to strong demand.

EMC released a free version of its Greenplum database with analytical tools for scientists and developers.

A new research has confirmed five new genes involved in Parkinson’s Disease (PD), bringing the total to eleven, showing that genetic factors play a greater role in the disease than previously believed.

Gold prices eased a touch in Europe on Wednesday after well received U.S. economic data and a spate of upbeat corporate earnings deflected interest away from bullion on to higher-risk, higher-yielding assets.

U.S. stock index futures pointed to a slightly lower on Wednesday as a strong reading on the labor market failed to convince investors to add to gains a day after the Dow and S&P advanced to their highest close in about 2-1/2 years.

Panasonic Corp plans further cost cuts to compete with South Korean rivals including Samsung, after stiff price competition in televisions and a stronger yen hurt its quarterly profit.

U.S. stock index futures dipped on Wednesday as a strong reading on the labor market failed to convince investors to add to gains a day after the Dow and S&P advanced to their highest close in about 2-1/2 years.

U.S. private employers added 187,000 jobs in January compared with a revised gain of 247,000 jobs in December, a report by a payrolls processor showed on Wednesday.

The Egyptian military has told protesters on Wednesday that they are the ones who can help Egypt to return to normal life, a day after President Hosni Mubarak said he would step down in months.

A new study says girls play video games to better connect with their families.