IBT Staff Reporter

The Australian Dollar opens lower (0.9260) this morning weighed down by little movement in global equity markets last night and further Greek Sovereign debit worries.

Visa Inc said on Wednesday that it would buy CyberSource Corp, a company that helps retailers accept online payments, to boost its business in emerging markets and online commerce.

Starbucks Corp , McDonald's Corp and other U.S. restaurant chains reported quarterly results showing the turnaround already priced into restaurant stocks is finally at hand.

Starbucks Corp , McDonald's Corp and other U.S. restaurant chains reported quarterly results showing the turnaround already priced into restaurant stocks is finally at hand.

Fidelity National Financial Inc , the No.1 U.S. title insurer, posted a quarterly profit below analysts' estimates, hurt by lower revenue from title premiums.

EBay Inc forecast results for the rest of the year that fell short of Wall Street expectations for a faster turnaround as the economy improves, sending its shares down more than 8 percent.

A German state bank said it had severed business ties with Goldman Sachs Group Inc, citing U.S. regulators' allegation that the dominant Wall Street bank committed fraud, while France eyed an investigation of its own.

Target Corp said on Wednesday it would begin selling Amazon.com Inc's Kindle e-reader, in the first example of Amazon allowing distribution of its popular product outside its website.

Within days -- perhaps even hours -- of news that Goldman Sachs was facing fraud charges from U.S. regulators, rivals seized on a chance to elbow in front of Wall Street's most profitable bank.

A Senate panel on Wednesday voted to ban banks from the lucrative swaps market, one of the strictest measures in a planned financial reform that is heading into the home stretch.

The board overseeing much of the U.S. municipal bond market is investigating whether prices charged and paid by brokers and dealers are fair to customers, according to a notice released on Wednesday.

Stocks finished little changed on Wednesday as disappointing outlooks from healthcare companies offset strong earnings from Morgan Stanley and Apple Inc .

General Motors Co and Chrysler on Wednesday reported progress in their government-backed turnarounds, while the Obama administration still expects a loss on the taxpayer bailout of the industry although smaller than initially forecast.

Robust fixed income trading results launched Morgan Stanley to a better-than- expected first-quarter profit on Wednesday, sending its shares up.

Facebook's user base is growing at its fastest rate ever, the online social network company said on Wednesday as it rolled out features that link the company's platform more tightly with outside Web sites.

McDonald's Corp is muscling in on business from other fast-food chains and turning up the heat on coffee chain Starbucks Corp by expanding its lower-priced roster of competing drinks.

Coca-Cola Co Chief Executive Muhtar Kent sought to ease concerns by the Teamsters union that the company's acquisition of the North American operations of Coca-Cola Enterprises would result in fewer jobs.

Starbucks Corp reported a profit that topped analysts' views and boosted its 2010 profit forecast, as a healing U.S. economy brewed up an increase in customer visits and sales.

(Corrects to show rise in U.S. spending per visit was 5 percent, not 4 percent in paragraph 5)

EBay Inc forecast results for the rest of the year that fell short of Wall Street expectations, overshadowing its higher profit growth and sending its shares down nearly 6 percent.

U.S. stocks were little changed on Wednesday as disappointing outlooks from healthcare companies overshadowed strong earnings from Morgan Stanley and Apple Inc .

Quality of school books hit by changes Constant tweaking of maths syllabus mean textbooks are 'less coherent' than in Asia

Chrysler reported net losses of nearly $4 billion since it emerged from bankruptcy last year, but it had an operating profit in the first quarter and affirmed that it was on track to break even in 2010.

Distressed automaker General Motors Co repaid its government loans way ahead of schedule and is now on a strong path to viability, the Treasury Department said on Wednesday

Italy's Fiat is to separate its autos business from its better-performing industrial and truck businesses, and wants to achieve ambitious revenue and profitability increases across the board by 2014.

Need retirement income? You can create your own annuity with a carefully crafted mix of bonds that will immunize your income against market change, say experts at Asset Dedication financial consulting company.

U.S. regulators proposed to make broadband access the focus of subsidized telecommunications for the poor and rural areas, a first step in tackling an ambitious plan to provide high-speed Internet to all Americans.

Volkswagen revealed first-quarter operating profit nearly tripled, driven by a sharp gain in sales and a restock of its inventories, and reiterated it expects to improve key results in 2010.

Ford Motor Credit's $1.09 billion asset-backed securitization was launched by underwriters JPMorgan Securities, Morgan Stanley and RBS on Wednesday into strong investor demand, market sources said.