IBT Staff Reporter

Nokia unveiled five new low-end phone models on Wednesday, aiming to improve its offering in the emerging markets.

Oil held steady above $79 a barrel on Wednesday, after rising nearly 2 percent a day ago, following an industry report showing a rise in fuel inventories in the United States, though crude fell unexpectedly.

Toyota Motor is set to announce its withdrawal from Formula One racing after this year, Japan's Mainichi newspaper reported Wednesday.

Babies whose mothers used antidepressants during pregnancy visit the doctor more often and have higher risks of certain health problems than other children their age, a new study suggests.

Low total cholesterol may be a sign of cancer rather than a cause, as some researchers have suggested, and men who have low cholesterol actually have a lower risk of developing high-risk prostate cancer, two teams reported on Tuesday.

Smokers who switch to a low-tar, light or mild brand of cigarette will not find it easier to quit and in fact may find it harder, researchers reported on Tuesday.

General Motors' Opel unit put the best face on its parent's stunning decision to reverse course and keep its European arm rather than sell it to a group led by Canada's Magna .

The dollar lost ground on Wednesday after hitting a one-month high against a basket of currencies, while Asian stocks edged higher in muted trade ahead of central bank meetings that kept investors wary.

The Federal Reserve on Wednesday is expected to reaffirm its intention to keep U.S. interest rates at ultra-low levels for a long time to support the economy, even as signs of recovery accumulate.

Warren Buffett's Berkshire Hathaway Inc has joined Goldman Sachs Group Inc in a bid to buy $3 billion in tax credits from mortgage giant Fannie Mae, the Wall Street Journal's website reported, citing people familiar with the matter.

General Motors reversed course on Tuesday by abandoning a long-expected sale of its Opel to a group led by Canadian auto supplier Magna and opting to keep the European unit after a year of uncertainty and high-stakes political negotiations.

Kraft Foods Inc said it would not overpay for British chocolatier Cadbury Plc on Tuesday after disappointing investors by posting weaker-than-expected quarterly revenue and cutting its full-year sales forecast.

Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out Burlington Northern Santa Fe Corp in a bet the nation's largest rail company will benefit from a recovering U.S. economy.

The Australian Dollar opens at US90 cents this morning after another volatile 24 hours. The Aussie hit an intraday high yesterday of 0.9090 on the back stronger gold and commodity prices before a rapid half-cent decline moments before the RBA's 2:30pm cash rate announcement. As expected, the central bank hiked rates by 25 basis points with governor Mr Glenn Stevens saying economic conditions in Australia have been stronger than expected and measures of confidence have recovered.

Spring Design, a maker of electronic readers, is suing Barnes & Noble Inc, claiming the bookseller's newly launched Nook reader illegally copied its dual-screen design after the two discussed a possible partnership.

AT&T Inc is suing Verizon Wireless in an effort to stop its bigger mobile rival from using misleading coverage maps in advertisements that AT&T says are causing it to lose incalculable market share.

The board of General Motors Co has opted to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna.

Yahoo Inc, looking to match rivals in providing up-to-the-minute Internet search results, is running tests with several real-time search partners, sources familiar with the matter said on Tuesday.

U.S. factory orders rose a stronger-than-expected 0.9 percent in September, and inventories continued to shrink, bolstering prospects for a sustained economic recovery.

General Motors posted its first monthly sales increase in nearly two years on Tuesday as a rebound in industrywide U.S. auto sales in October pointed toward a gradual recovery for the battered sector.

Kraft Foods Inc , which posted weaker-than-expected quarterly revenue and cut its full-year sales forecast on Tuesday, said it would not overpay for British chocolatier Cadbury Plc .

The board of General Motors Co has opted to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna .

The board of General Motors Co has opted to keep Opel, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna .

The S&P 500 and Nasdaq rose slightly on Tuesday as news of a major railroad acquisition helped sentiment, but the Dow edged lower on caution before a Federal Reserve statement on interest rates and the economy.

Best Buy Co Inc plans to start an online service that allows consumers to buy, rent and download movies and television shows, the electronics retailer said on Tuesday.

General Motors posted its first monthly sales increase in nearly two years on Tuesday as a rebound in industrywide U.S. auto sales in October pointed toward a gradual recovery for the battered sector.

Kraft Foods Inc posted weaker-than-expected quarterly revenue and cut its full-year sales forecast on Tuesday ahead of a deadline to make a formal bid for British chocolatier Cadbury Plc .

The board of General Motors Co has opted to keep Opel, sources briefed on the deliberations said on Tuesday, undoing months of painstaking negotiations to sell the European unit to a Russian-backed group led by Canada's Magna .

General Motors posted its first monthly sales increase in nearly two years on Tuesday as a rebound in industrywide U.S. auto sales in October pointed toward a gradual recovery for the battered sector.