IBT Staff Reporter

Fans stormed Apple Inc's flagship store in Japan and operator Softbank Corp's outlets as the company launched a slim new version of its wildly popular iPhone.

World leaders will warn this week against taking the global economic recovery for granted while also noting that the huge costs of stimulus could hurt long-term growth, a draft G20 document shows.

Kenneth Feinberg will step down from his role as U.S. Treasury's pay car later this summer to focus on administering the BP Plc's $20 billion oil spill fund, a Treasury spokesman said on Wednesday.

he AUD continues to trade close to the top of its recent trading range, supported by the currency control changes out of China.

The Federal Reserve acknowledged a faltering pace of U.S. economic recovery on Wednesday as it renewed its vow to hold benchmark interest rates exceptionally low for an extended period.

Dell Inc on Wednesday forecast its revenue for the 2011 fiscal year to grow 14 percent to 19 percent from the previous year as more customers buy new computers after holding back during the economic downturn.

Russian President Dmitry Medvedev sent his first Twitter tweet message on Wednesday, then tried out video conferencing at Cisco Systems Inc as he made a quick tour of U.S. technology hub Silicon Valley, which he sees as a possible model for Russia to follow.

Toyota Motor Corp lost a key courtroom skirmish with product-liability lawyers on Wednesday over rules for safeguarding its trade secrets in litigation stemming from complaints about its cars racing out of control.

Verizon Wireless plans next month to start selling Droid X, the latest phone from Motorola Inc based on Google Inc's Android software.

The Aussie opens today lower at 0.8700 against the Greenback as mixed signals on the US housing front overnight cast shadows over the US economy in the lead up to the U.S. Federal Reserve's latest announcements tonight.

Stocks mostly fell in a volatile session on Wednesday after the Federal Reserve downgraded its assessment of the economic recovery as it vowed to keep cheap money flowing.

Lawmakers softened several of their toughest restrictions on banks' trading activity on Wednesday as they neared completion of a sweeping rewrite of financial regulations.

The Federal Reserve acknowledged a faltering pace of U.S. economic recovery on Wednesday as it renewed its vow to hold benchmark interest rates exceptionally low for an extended period.

Asthmatic children with relatively low vitamin D levels in their blood may have a greater risk of suffering severe asthma attacks than those with higher levels of the vitamin, a new study suggests.

Women pregnant with twins should be sure to gain the recommended amount of weight, according to a new study, which shows that gaining less weight than recommended during a twin pregnancy ups the risk of early birth and low weight babies.

Sales of new homes dropped a record 32.7 percent in May to the lowest level in at least four decades as the boost from a popular tax credit faded, adding to worries over a slowing economic recovery.

U.S. stocks fell in a volatile session on Wednesday after the Federal Reserve downgraded its assessment of the economic recovery as it vowed to keep cheap money flowing.

Toyota Motor Corp's lawyers faced off with product-liability attorneys in court on Wednesday over rules for safeguarding company trade secrets in litigation stemming from complaints about its cars racing out of control.

Senator Blanche Lincoln, who has pushed a crackdown on Wall Street's use of derivatives, wants to give some banks a break from new capital requirements in the financial reform bill.

Connecticut's attorney general subpoenaed CVS Caremark Corp on Wednesday after the company threatened to shut down a consumer discount drug program rather than extend it to Medicaid patients.

Stocks zigzagged on Wednesday following a Federal Reserve statement that pointed to more cheap money even as the Fed acknowledged the pace of economic recovery is faltering.

Large banks would not have to set aside money to cover the cost of liquidating troubled financial firms under an agreement on Wednesday by U.S. lawmakers finalizing a sweeping rewrite of financial regulations.

Honda Motor Co halted production at a car making factory in southern China on Wednesday, making it the second car maker after Toyota Motor Corp to turn off assembly lines because of a strike at a supplier owned by Japan's Denso Corp.

Honda Motor Co said production at Chinese joint venture Guangqi Honda's two factories would resume on Thursday after a one-day disruption caused by a strike, now ended, at a Chinese factory of Japan's NHK Spring (5991.T).

Car maker Fiat SpA stopped short of sealing its near $1 billion investment for the survival of its Naples plant after less than full labor support for plans to boost productivity there.

German premium carmaker BMW is sticking to a single digit percent 2010 sales growth forecast, despite outperforming in the first five months, as tougher comparatives and global fiscal changes kick in.

Japanese auto makers Toyota and Honda said major car factories in south China halted work on Wednesday due to strikes at parts suppliers, as worker discontent continued to jolt the industry and unnerve investors.

Apple Inc has run out of white iPhone 4s on the eve of the launch of the hot-selling next-generation smartphone, the latest hiccup in the gadget's closely watched global roll-out.

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