IBT Staff Reporter

Sellers of protection on the loans of Metro-Goldwyn-Mayer are facing losses of 41.5 percent, based on the results of an auction used to determine the value of the bankrupt company's credit default swaps.

U.S. department store operator Macy's Inc forecast earnings for the fourth quarter, which includes the crucial holiday shopping season, far below Wall Street expectations on Wednesday, sending shares down 8.1 percent.

A court in Azerbaijan sentenced two opposition bloggers to jail terms Wednesday in a case that has stirred international concern over freedom of expression in the oil-producing Caspian Sea state.

Microsoft is boosting up its Bing search engine by partnering with Wolfram Alpha and will offer its computational information through Bing's site.

Walt Disney Co on Wednesday said it restructured its film studio's marketing, distribution, and operations divisions, reflecting a new strategic direction for bringing content to the market.

Oil prices rose slightly on Wednesday as the market weighed a rebound in the dollar against data showing strong demand growth from No. 2 consumer China.

American International Group Inc Chief Executive Robert Benmosche said he and the company's board are frustrated about restrictions on pay and are in discussions with the U.S. government about them, according to an employee letter obtained by Reuters.

The 43rd Annual Country Music Awards will be held in Nashville at 8pm ET and streamed live in ABC.

The Australian Dollar opens steady against the greenback at 0.9280. The Aussie spent most of the domestic trading the ranges between a low of 0.9275 and a high just above US93 cents.

President Barack Obama honored fallen troops on Veterans Day Wednesday taking part in the wreath-laying ceremony at Arlington National Cemetery and delivering remarks at the Memorial Amphitheater there.

Creditors of Saad Investments Company Ltd held their first official meeting on Thursday, accountancy firm Grant Thornton said, taking a next step in the troubled firm's restructuring process.

U.S. stocks edged up on Wednesday as comments by Federal Reserve officials suggested interest rates will stay low for some time, but gains were limited by strength in the U.S. dollar.

U.S. stocks edged up on Wednesday as comments by Federal Reserve officials suggested interest rates will stay low for some time, but gains were limited by strength in the U.S. dollar.

Get ready, America. Like her or not, Sarah Palin is coming to a city near you.

Oil prices steadied on Wednesday as the dollar rebounded from 15-month lows, countering data showing strong demand growth from No. 2 consumer China.

Motorola Inc is in the early stages of looking into a potential $4.5 billion sale of its television set-top box and network equipment business, according to a Wall Street Journal report.

A tug-of-war between American Airlines and Delta Air Lines for Japan Airlines as a global partner underscores the importance of international alliances to the embattled U.S. airline industry.

World No. 2 mobile phone maker Samsung Electronics said on Tuesday it would launch its own open mobile platform in December as it tries to make up for a late start in the red-hot smartphone market.

Shares of South Korean technology services firm SK C&C Co Ltd soared as much as 22 percent on the company's trading debut on Wednesday, drawing strong interest from local institutions.

China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate.

Real estate investors are moving back into the market, according to a new survey from Move.com.

In 2005, China administered a spelling test that asked respondents to spell Google for a search market report: only 60 percent took the test and more than 20 percent got it wrong.

Union workers at Arizona grocery stores operated by Kroger Co and Safeway Inc set a Friday evening strike deadline if a contract agreement is not reached, a union spokesman said on Wednesday.

Two industry powerhouses Real Living and GMAC Real Estate announced Wednesday they are merging to create a residential real estate franchise with about $20 billion in annual home sales.

Oracle Corp has allowed regulatory approval of its $7 billion acquisition of Sun Microsystems Inc to drag on for months due to controversy over a database that most users get for free.

The world's two largest cellphone makers, Nokia and Samsung Electronics, unveiled on Tuesday their latest rivals to the iPhone as Apple became the top profit generator in the handset industry.

In the longstanding rivalry between Japan and South Korea, near-neighbour North Asian technology industry heavyweights, the pendulum has swung Korea's way, helped by currency shifts, but also due to marketing and product savvy and nimbler production strategies.

Israeli Prime Minister Benjamin Netanyahu's low-profile White House visit, widely portrayed as frosty, in fact broke the ice in his relations with President Barack Obama, a senior Israeli official said on Wednesday.

China's top online game operator Tencent Holdings said on Wednesday that its quarterly net profit doubled to a record high thanks to surging popularity of its online games.