IBT Staff Reporter

Tiger Woods said he regrets letting his family down due to his transgressions without specifying whether he is referring to the several extra marital affair rumors circulating on the media.

General Motors Co's management team was surprised and saddened by the sudden departure of Chief Executive Fritz Henderson this week, GM's Vice Chairman Bob Lutz said on Wednesday.

The grandfather of David Beckham, Joseph West, passed away Wednesday following a battle with lung cancer at the age of 83.

Bank of America Corp has reached an agreement with the U.S. government repay its $45 billion in bailout funds in the next few days, the company said on Wednesday.

The Abreu Lima refinery in Brazil, a joint venture between state-run oil companies Petrobras and Venezuela's PDVSA, will cost roughly 23 billion reais ($13.3 bln), more than triple its previous estimate, a director at Petrobras said on Wednesday.

The top Republican on the Senate committee, John McCain voiced doubt about Obama's withdrawal plan in Afghanistan, echoing fears that it could allow Taliban militants to wait out the U.S. troop surge and reassert themselves later.

South Korea's anti-trust agency said on Wednesday it would impose fines totalling 669 billion won ($581 million) on six companies over their involvement in a liquefied petroleum gas (LPG) price cartel.

Redbox is talking with video game developers about offering their products in its DVD kiosks and hopes to avoid the kind of resistance it encountered from some Hollywood studios, Redbox's president said on Wednesday.

Royal Bank of Scotland Group Plc warned it could struggle to hire and retain key staff after the UK government demanded control of bonuses as a condition for insuring its bad debts.

Google is attempting to improve relations with media giants with its First Click Free policy that allows publishers to build pay walls around their online content. The search giant will also allow publishers to decide whether they want their sites to show up in Google News, Google Web search, both, or neither.

There may small glimmers of hope in the economy but most Americans are not confident about their financial future and many think they are already poor, according to a new survey.

Barclays Capital has appointed Tim Broadbent to lead its U.S. Leveraged Loan Syndicate team, according to an internal memo, filling a gap left when Bill Hughes departed to join Citigroup.

It's a story fraught with accusations of broken promises, backroom deals and deception, leaving an established Internet giant fighting to preserve its valuable stake in a well-loved classified advertising website.

Footwear retailer Collective Brands Inc posted a third-quarter profit that beat market expectations, driven by strong operating margins and a successful back-to-school season, sending its shares up 7 percent in extended trade.

Ciena Corp and a Nokia Siemens Networks squared off in U.S. and Canadian courts on Wednesday to press their claims to the highest bid in an auction of a unit of bankrupt Nortel Networks Inc.

The Aussie dollar bounced from an early morning dip to 0.9235 yesterday to trade within a whisker of the 93 cent handle overnight buoyed by gains in commodity and equity markets.

It's a story fraught with accusations of broken promises, backroom deals and deception, leaving an established Internet giant fighting to preserve its valuable stake in a well-loved classified advertising website.

The Chicago Board Options Exchange could launch an initial public offering by May following a recent settlement of a protracted legal dispute, according to the Wall Street Journal.

Delta Air Lines Inc said on Wednesday that revenue was showing month-to-month improvement despite a persistent reduction in premium class demand.

The Nasdaq rose on Wednesday as strong online holiday sales boosted shares of retailers, including Amazon.com , and relieved some concerns about the consumer.

A Minnesota mother, Joan Najbar, is suing the federal government after a letter she sent to her son in Iraq was returned deceased stamped on it despite her son being alive.

President Mahmoud Ahmadinejad said on Wednesday Iran would enrich uranium to a higher level itself, apparently ruling out a U.N.-brokered deal meant to minimize the risk of Tehran producing material for atomic bombs.

Mitsubishi Motors Corp and Peugeot-Citroen are in talks for a capital tie-up that would give Europe's second biggest carmaker a 30 percent to 50 percent stake in the Japanese automaker, the Nikkei business daily said.

The Nasdaq ended higher on Wednesday as investors grew optimistic about Amazon.com Inc's holiday sales prospects, but the Dow and S&P 500 were little changed after oil prices retreated, pressuring shares of energy companies.

The meltdown of the U.S. housing market is not over yet, and home prices will soon start trekking downward again as a flood of foreclosures looms, a well-known economist said on Wednesday. Mark Zandi, chief economist at Moody's Economy.com in West Chester, Pennsylvania, said in an interview with Reuters home prices will resume their decline by early next year as foreclosure sales pick up again.

Fed reports improving economy; Tribune Changes Leader; Improving Labor Market

China and other big developing nations rejected core targets for a climate deal such as halving world greenhouse gas emissions by 2050 just five days before talks start in Copenhagen, diplomats said on Wednesday.

All about Tiger Woods' alleged lovers Rachel Uchitel, Jaimee Grubbs and Kalika Moquin.

Prices of everyday goods such as clothing and food will barely rise if rich nations slash greenhouse gas emissions by 2050, according to a study on Wednesday that concludes green lifestyles are affordable.