U.S. housing market meltdown not over yet: Zandi
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.
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.
Sam Zell resigns as Tribune CEO, remains chairman
Sam Zell is resigning as chief executive of Tribune Co after two years at the helm of the bankrupt media company whose $8.2 billion buyout he engineered in 2007.
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.
CBOE may consider floating shares by May-WSJ report
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.
Q+A: What happens now to Australia's carbon-trade plan?
The parliamentary defeat of Australia's carbon-trade laws has handed Prime Minister Kevin Rudd a trigger for an election from early 2010 to salvage his emissions trading scheme and key climate policy.
Govt will need to help shape U.S. media--Waxman
A top Democratic lawmaker predicted on Wednesday that the government will be involved in shaping the future for struggling U.S. media organizations.
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.
Grande Cache gets regulatory nod for new surface mine
Canadian metallurgical coal miner Grande Cache Coal Corp said it has received regulatory approval to proceed with the development of a new surface mine at Smoky River Coalfield in west-central Alberta.
CORRECTED: Tribune gets 10 more weeks for exclusive plan
(Corrects to remove reference to ownership of Newsday in paragraph 3)
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.
EU clears Japan's NEC Electronics, Renesas to merge
Japan's NEC Electronics Corp gained approval from European Union competition regulators on Wednesday to merge with peer Renesas Technology Corp, creating the world's No. 3 semiconductor maker.
AutoNation head concerned over GM CEO dismissal
AutoNation Inc CEO Mike Jackson said he was surprised and concerned about the dismissal of Fritz Henderson as General Motors Co chief executive
China government sells advertisement on made in China worldly
China's ministry of commerce recently launched a series of global advertising campaigns, trying to bolster the made in China, image, broadcast to media around the world.
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.
GM Names Whitacre New CEO; Henderson Resigns
General Motors Chairman Ed Whitacre has been named the interim Chief Executive Officer of General Motors today, just after Fritz Henderson resigned from the company today.
Avoid flirty patients on Facebook, doctors told
A British association which provides legal advice and support to doctors said physicians should not respond to amorous advances from patients on social networking sites like Facebook.
Amazon.com shorts workers on overtime pay: lawsuit
A former Amazon.com Inc worker has sued the online retailer, saying it shorts as many as 21,000 warehouse workers nationwide on overtime pay.
Martha’s Vineyard:All-American Isle, Massachusetts, USA
Eleven kilometres off the Massachusetts coastline in the North Atlantic Ocean lies Martha's Vineyard, an oasis of protected greenery, exclusive million-dollar homes off dirt trails, pristine beaches, small