IBT Staff Reporter

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North Korea seeks stronger ties with China

North Korea vowed to strengthen military ties with China on Wednesday, days after the North's leader Kim Jong-il finished a visit aimed at bolstering the bond with his isolated country's sole major supporter.

Manufacturing PMI falls to lowest since November

Growth in the country's manufacturing sector slowed more than expected last month, led by the weakest expansion in new orders for more than a year, a purchasing managers' survey showed on Wednesday.

Target stores to sell Facebook gift cards

Social networking website Facebook is dipping into the brick-and-mortar world by selling gift cards at retailer Target that can be used toward purchasing virtual products for games hosted on the site.

Wall St set for higher open on China, Australia data

Wall Street was set for a higher open on Wednesday as new signs of growth in China and Australia eased concerns about the global economy's health and investors shrugged off an unexpected cut in U.S. private sector payrolls.

Strong Asian data boosts world stocks

World stocks kicked off September on a stronger note on Wednesday as data showed a manufacturing rebound in China and stronger-than-expected growth in Australia, while the yen held near recent 15-year peaks against the dollar.

Euro zone PMI at 6-month low

Manufacturing activity in the euro zone expanded in August at its slowest pace since February as the pace of recovery among member countries diverged further, a survey showed on Wednesday.

Fuld says government denied Lehman while helping Wall St

U.S. regulators did not grant Lehman Brothers the same assistance as its competitors, knocking out the possibility of an orderly unwind of the firm and aggravating the global crisis, former Lehman Chief Executive Dick Fuld said on Wednesday.

Amazon eyes subscription Web TV service

Amazon.com Inc has approached media companies with a proposal for a subscription service that gives users unlimited access to some television shows and movies over the Internet in a bid to rival Netflix Inc, two people familiar with the talks said on Tuesday.

Futures up as economic worries ease

Stock index futures rose on Wednesday as new signs of growth in China and Australia eased concerns about the global economy's health and investors awaited data on the labor market and housing.

Stock futures rise as economy concerns ease

Stock index futures rose on Wednesday as new signs of growth in China and Australia eased concerns about the global economy and investors awaited data on the labor market and housing.

Asia stocks rise on China

Asian stocks rose on Wednesday as investors cheered a manufacturing rebound in China and rosier-than-expected Australian growth, which halted the yen's advance towards a 15-year peak against the dollar.

Obama's Mideast push clouded by West Bank attack

U.S. President Barack Obama was poised on Wednesday to launch a new U.S. push for Middle East peace even as a flare-up of Hamas violence and a deadlock over Israeli settlements loomed as potential deal-breakers.

Robot Chicken duo in Web reality experiment

LOS ANGELES - Robot Chicken creators Seth Green and Matthew Senreich are launching an online reality experiment in which viewers decide every major decision a person makes for six weeks.

Burger King been considering sale - source

Burger King Holdings Inc , the No. 2 U.S. hamburger chain, has been considering a possible sale and has held talks with potential buyers, a source familiar with the situation said on Wednesday.

Philippine massacre trial adjourned again

The trial of a former mayor accused of masterminding the massacre of 57 people in the southern Philippines last November was adjourned again for a week on Wednesday, frustrating state lawyers and families of victims.

Panasonic says high TV sales targets sparked glut

Over-ambitious TV sales targets have left manufacturers with a glut of panels that is driving down prices as makers offload their excess output, Panasonic Corp's <6752.T> television unit head said on Tuesday.

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