IBT Staff Reporter

U.S. stocks rose on Wednesday, recovering from a steep sell-off in the previous session, as details emerged about an aid package for Greece that could calm fears over a possible sovereign debt default.

Greece will receive much more aid than initially expected, German lawmakers said on Wednesday after a briefing with the International Monetary Fund, reviving markets that had been spooked by fears of a Greek debt default.

(Reuters) - WellPoint Inc said that as of May 1 it would expedite healthcare reforms and stop dropping healthcare coverage for customers after they get sick, responding to pressure from Democrats in Congress and the Obama administration.

(Reuters) - Americans are steadily losing confidence in their ability to get healthcare and pay for it, despite the passage of healthcare reform legislation, according to a survey published on Wednesday.

Sprint Nextel posted a wider quarterly loss on Wednesday as it took a hefty tax-related charge and valuable customers continued to flee, and its shares fell nearly 5 percent.

Comcast Corp , the No. 1 U.S. cable operator, posted higher-than-expected quarterly profit on Wednesday, as it added Internet and phone subscribers.

Goldman Sachs Chief Executive Lloyd Blankfein said he has not thought about resigning amid accusations the firm helped inflate the housing bubble and then made billions off the market's collapse.

U.S. stock index futures rose on Wednesday, following a steep sell-off in the previous session, as investors awaited the Federal Reserve's interest rate decision and a statement on the economy.

Australian takeover target Macarthur Coal left the door open on Wednesday to pursue a new bid for smaller rival Gloucester Coal , while awaiting a formal offer from its U.S. suitor.

Health insurer WellPoint Inc posted a better-than-expected first-quarter profit on Wednesday, as the company spent less premium revenue on medical costs and reported improvement in its Medicaid plans for low-income Americans.

German politicians came under pressure Wednesday to cast aside their doubts over a bailout for Greece, with markets increasingly alarmed that Athens may default on its debt and trigger a meltdown elsewhere in Europe.

U.S. stock index futures rose modestly on Wednesday, following a steep sell-off in the previous session, as investors awaited the Federal Reserve's interest rate decision and a statement on the economy.

The U.S. Securities and Exchange Commission is taking a closer look at whether hedge fund managers abused a practice known as side pockets to prevent clients from withdrawing billions of dollars during the 2008 financial crisis, the Wall Street Journal reported on Tuesday.

Researcher gets 4 months in prison for reading celebrity medical records.

Starlight Children's Foundation continues to reach children with serious illness as more volunteers start to help their cause.

This seminar will look at the experience of trying war criminals in Australia and at the state of Australian law on the subject.

Honda Motor Co forecast a smaller-than-expected 10 percent rise in full year operating profit and warned of stiffer competition as Korean and U.S. automakers roll out models to rival its fuel-efficient line-up.

British American Tobacco Plc , the world's No 2 cigarette maker, reported a 4 percent fall in underlying first-quarter volumes but said price rises led to good sales growth and it remains on track for 2010.

Good morning dear traders, had the day before yesterday no direction, trading was real fun yesterday.

Red Cross Australia made a blood donation ban due to the risk from chronic fatigue syndrome

Australian takeover target Macarthur Coal left the door open on Wednesday to pursue a new bid for smaller rival Gloucester Coal , while awaiting a formal offer from its U.S. suitor.

World No.2 TV maker LG Electronics warned that profits at its struggling mobile division would be slow to recover, but it expects this summer's soccer World Cup to drive TV sales and push up next quarter's earnings.

Australia's population in the next 25 years will have double cancer cases figures of people don't start a healthy simple lifestyle.

Fears that a planned rescue of Greece could stall and extend the financial crisis to other euro zone countries hit European markets on Wednesday as investors worried that Athens may default on its debt.

Doctors nowadays underestimates the seriousness of a fever of their children patients.

European Union President Herman Van Rompuy said on Wednesday that negotiations on Greece's debt are well on track, and there is no question of restructuring it.

Royal Dutch Shell Plc continued a run of better-than-expected first-quarter profit rises by the big international oil companies on the back of higher oil prices, and boosted, in its case, by an unexpected return to production growth.

Greece's exploding debt crisis eclipsed all else on financial markets on Wednesday, knocking down global stocks and pushing the euro for a time to a one-year low against the dollar.

Microsoft Corp said on Tuesday it struck a licensing deal with phone handset maker HTC Corp, under which it will get royalty payments on HTC phones running Google Inc's Android operating system.