IBT Staff Reporter

Stocks sagged on Wednesday as more signs emerged that the fallout from the Greek debt crisis could spread to bigger European economies.

CBS Corp , owner of the most-watched television network, reported its first quarterly revenue growth in more than a year, helped by a rebound in advertising.

Japan and South Korea share numerous things in common - among them: nameless streets, a tendency of co-workers to go out with each other after work for drinks, students studying ridiculous hours to prepare for university entrance exams, and cuisines typically unfriendly for vegetarians.

After a whirlwind road trip through five Utah national parks in three days, my husband declared that he would never again let me plan a vacation based solely on visiting national parks.

The former chairman and chief executive of Bear Stearns conceded on Wednesday that the failed investment bank had taken on too much risk.

The U.S. Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would prohibit the use of taxpayer funds to bail out financial institutions. It was the bill's first amendment.

The Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would prohibit the use of taxpayer funds to bail out financial institutions. It was the bill's first amendment.

The Senate on Wednesday approved an amendment to a sweeping Wall Street reform bill that would prohibit the use of taxpayer funds to bail out financial institutions. It was the bill's first amendment.

Time Warner Inc posted a higher-than-expected quarterly profit on a rebound in advertising sales at its cable networks and magazines, as well as strong DVD sales of The Blind Side and Sherlock Holmes.

The Senate was expected to vote by Wednesday afternoon on a new orderly liquidation system for dismantling distressed financial firms that will exclude a proposed $50 billion fund to help pay for it, according to the Senate's chief author of Wall Street reform.

Scientists from an Australian biotechnology company Marinova Pty Ltd, have successfully isolated a natural extract from seaweed that has been proven to inhibit the H1N1 virus, a breakthrough that is anticipated as it offers hope in the management of influenza outbreaks.

Based on the new study published in The Lancet Neurology, it was found that childhood vaccination is related with earlier onset of the neurological condition called Dravet syndrome.

The Australian Nursing Federation (ANF) is extremely concerned with serious risks posed to nurses from needle stick injury in the country.

According to the report published in the Medical Journal of Australia, doctors are called to take the lead in finding practical solutions to decrease the carbon footprints correlated with obesity, chronic disease and population growth.

Australian scientists are seeking to find the best treatment alternative for children who have eating problems to reduce the increase in the number of malnourished children who had to be medically assisted due to their food-shunning behaviour.

JPMorgan Chase & Co Chairman Jamie Dimon says he hopes a strong financial regulatory bill will emerge that will also be good for the U.S. economy.

European leaders warned on Wednesday that the euro zone debt crisis could spread like a bushfire beyond Greece, and investors sold stocks and the euro as Greek anti-austerity unrest claimed its first lives.

Signs of a recovery in the U.S. labor market grew on Wednesday as reports showed job growth among private companies and plans for layoffs falling to their lowest levels in four years.

U.S. stocks slipped on Wednesday on worries that Greece's debt crisis could spread to other euro zone nations, but losses were pared as some investors looked for bargains a day after a hefty sell-off.

U.S. stocks slipped on Wednesday on worries that Greece's debt crisis could spread to other euro zone nations, but losses were pared as some investors looked for bargains a day after a hefty sell-off.

Having shunned U.S. mortgage-related assets for 1-1/2 years, foreign investors are returning to the market now the U.S. government has a key stake.

* Barroso - market mood not fundamentals influenced ratings * Comments follow warning of new EU controls on sector

Headlines often focus on big discoveries or major new sources for crude oil. This can obscure the fact that as much as 20 percent of the Nation's crude oil production comes from marginal-volume stripper wells. Oil stripper wells generally produce from reservoirs that are approaching the end of their commercial lives and are typically operated by smaller independent companies. By definition, oil stripper wells are those that produce no more than 15 barrels of oil equivalent per day over a twelv...

* Flaherty says holding talks on Greek situation * Says debt crisis not a direct threat to Canada * Concern is of contagion, impact on banks (Adds quote, details)

The big rating agencies are no longer very useful to investment companies such as the world's biggest bond fund manager PIMCO, which can be nimbler in anticipating shifts in the credit quality of debt, the company said on Wednesday.

General Motors Co said on Wednesday it has hired Hyundai Motor Co's highly regarded former marketing chief in the fourth shake-up of GM's sales organization since the automaker exited bankruptcy.

Athletic gear giant Nike Inc expects its revenue to rise more than 40 percent to $27 billion by 2015, helped by demand for its namesake athletic merchandise and fast-growing brands like Converse, the company said on Wednesday.

No. 1 U.S. homebuilder PulteGroup Inc posted a far narrower-than-expected quarterly loss on Wednesday, but shares fell as orders fell short of Wall Street's expectations.

Washington Post Co said on Wednesday it is exploring a possible sale of its magazine Newsweek after sustaining losses for two years.