IBT Staff Reporter

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Shell critic says oil major targeting his website

A prominent Internet critic of Royal Dutch Shell says the oil major has asked an anti-cyber fraud agency to target his site, which Shell admits provides better information on the group than its own internal communications.

U.N. panel to rule on finance for 7 China wind farms

A United Nations climate panel will rule this week on whether seven Chinese wind farms are eligible for climate financing, worth around 36 million euros ($54.3 million), the panel's chair told Reuters on Wednesday.

Global warming threatens China harvests: forecaster

Droughts and floods stoked by global warming threaten to destabilize China's grain production, the nation's top meteorologist has warned, urging bigger grain reserves and strict protection of farmland and water supplies.

Australia carbon laws fail, election possible

Australia's parliament rejected laws to set up a carbon trading scheme on Wednesday, scuttling a key climate change policy of Prime Minister Kevin Rudd and providing a potential trigger for an early 2010 election.

PPR raises $1.22 billion in CFAO IPO

French retail and luxury goods group PPR raised 806 million euros ($1.22 billion) from the oversubscribed listing of its Africa-focused CFAO unit, France's biggest public share offering in two years.

Doubts raised over Obama's Afghan withdrawal date

The first of 30,000 new U.S. troops will arrive in Afghanistan in two to three weeks, top U.S. officials said on Wednesday, even as they made clear plans to start bringing the soldiers home in 18 months could slip.

Tribune gets 10 more weeks for exclusive plan

Tribune Co received court approval on Tuesday for more time to exclusively file a reorganization plan, giving the media company 10 weeks to end a fight over the buyout that creditors blame for its bankruptcy.

SNAP ANALYSIS: Rudd handed election option on climate

Australian Prime Minister Kevin Rudd has been handed a trigger for an early election, giving him the option of going to the polls any time from early 2010 in order to resolve a deadlock over his carbon trade scheme.

FACTBOX: Australia's failed carbon trading scheme

Australia's parliament rejected laws to set up a sweeping carbon emissions trade scheme on Wednesday, scuttling a key policy of Prime Minister Kevin Rudd and setting a trigger for an early 2010 election. Here are some facts about how the failed carbon-trade scheme would have looked.

Kraft sticking to its unhurried plan as deadline looms

Kraft Foods is preparing to post its offer documents for Cadbury as Monday's deadline approaches, but interest from Hershey and Ferrero is unlikely to spook the North American food giant into raising its bid in the short-term.

Gold surges to record high; nears $1,220/oz

Gold hit a record high at $1,216.75 an ounce in Europe on Wednesday as investors bet on higher prices, with funds lengthening positions on expectations for a fresh leg of dollar weakness and more central bank buying.

Dow, S&P dip on banks, energy

The Dow and S&P slipped on Wednesday, pressured by the financial and energy sectors, although the Nasdaq rose on positive news on online retailers such as Amazon.

Geithner sees case for some derivatives exemptions

U.S. Treasury Secretary Timothy Geithner said on Wednesday there was a good case to let some firms use derivatives with little scrutiny for business purposes, but that most trading should face stiffer rules.

EA sees fewer game titles

Electronic Arts Inc sees a future where its online and mobile games are as critical as Madden NFL and other console games as the company focuses on building core franchises and winnows its number of titles, said Chief Executive John Riccitiello.

GM Board Replaces CEO with Chairman Whitacre

General Motors Co's chief executive Fritz Henderson abruptly resigned on Tuesday, after the company's board decided the automaker needed to push its restructuring faster under new leadership.

Dow dips on banks and energy

The S&P 500 and Nasdaq rose on Wednesday, lifted by positive news on online retailers such as Amazon, while the Dow edged lower with energy and financials following mixed data on the labor market.

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