IBT Staff Reporter

Medical device maker Stryker Biotech LLC and top management were indicted on federal charges they conducted a fraudulent marketing scheme for bone-growth products, the U.S. Justice Department said on Wednesday.

Yahoo Inc vowed to triple its operating profit margin in the next three years as the Internet company seeks to reignite its growth and regain investor confidence.

McKinsey & Co and Akamai Technologies Inc launched investigations on Wednesday into accusations by the U.S. government that some of their employees were linked to the Galleon Group insider-trading scandal.

Investors could be disappointed if they anticipate tons of money waiting to get back into the stock market, since cash on the sidelines is much less than estimated, Goldman Sachs analysts said.

Commercial lender CIT Group Inc , teetering on the brink of bankruptcy, said on Wednesday it has secured $4.5 billion of additional financing.

Google Inc said on Wednesday it restricts calls to less than 100 U.S. telephone numbers with its Google Voice service, responding to a query from the U.S. Federal Communications Commission.

Stryker Biotech LLC and top management have been indicted on charges they engaged in a fraudulent marketing scheme for certain medical devices, the U.S. Justice Department said on Wednesday.

GMAC Financial Services on Wednesday sold $2.9 billion in government-backed debt, ahead of a regulatory deadline next month that will test the company's capital levels and ability to absorb losses.

Google Inc on Wednesday partnered with Web services LaLa and MySpace's iLike to give music fans an easier way to find, sample and buy songs on the Internet, expanding its music industry footprint.

World Series Game 1 between the New York Yankees and the Philadelphia Phillies kicks off Wednesday 7:57 p.m. EST at the Yankee's stadium.

American Airlines parent AMR Corp and US Airways Group said they would cut jobs and tweak their operations to better match the travel market, which struggles to recover from the economic recession.

Yahoo's Comeback; Wary on Health Reform; Home Buyer Perks

The Australian Dollar opens sharply lower this morning against the greenback at 0.8964 after yesterday's key inflation data.

U.S. stocks tumbled in a broad sell-off on Wednesday, sending the benchmark S&P 500 lower for a fourth straight day, after weak data on new home sales heightened concerns about the pace of the economic recovery.

Blackstone Group's COO Tony James said on Wednesday he foresees a gradual shift in the coming years of capital pools away from the United States to Asia, the Middle East and other areas of the globe.

It's an expensive lesson on the importance of reading your mail.

Michael Jackson fans poured out of cinemas on Wednesday applauding the new This Is It movie of the late pop star's final concert rehearsals and ringing up sales at box offices worldwide.

Britain is to push ahead with a law to clamp down on illegal file sharing, that would start with a series of warning letters and could result in repeat offenders losing their Internet connection.

After weeks of buzz, Verizon Wireless today officially took the wraps off the Droid, a smartphone built by Motorola and powered by Google's Android 2.0 operating system, by confirming the new phone will hit stores on November 6

Twelve of the worst pollution problems in the developing world are being cleaned up, demonstrating that tens of thousands of others also could be improved, according to a report released on Wednesday.

Centrica Plc, owner of the British Gas brand, will sell a 50 percent stake in three wind farms to U.S. based TCW, signaling renewed investment interest in an industry where recession has crimped financing.

Distillate (including diesel) is the second largest petroleum product consumed in the United States, used for everything from fuel for trucks and trains to residential heating and even a small amount of power generation. Although still overshadowed by gasoline consumption within the United States, global trends have been rapidly increasing the demand for distillate. This is causing major changes in the United States' role in the world distillate market.

The European Union can cut carbon dioxide emissions by 30 percent from 1990 levels by 2020 at almost no cost, according to a report by climate consultancy firm Ecofys released on Wednesday.

Belgian holding company Ackermans & van Haaren and energy company Electrabel will join forces to create a new renewable energy company, the two companies said on Wednesday.

U.S. stocks tumbled in a broad sell-off on Wednesday, sending the benchmark S&P 500 lower for a fourth straight day, after weak data on new home sales heightened concerns about the pace of the economic recovery.

General Dynamics Corp reported a better-than-expected quarterly profit on Wednesday as strength in defense sales helped offset weakness in business jets.

Pfizer Inc awarded two top executives cash and stock bonuses for their roles in carrying through the recently completed $67.3 billion deal for U.S. rival Wyeth, the company said on Wednesday.

U.S. researchers have found a way to coax human embryonic stem cells to turn into the types of cells that make eggs and sperm, shedding light on a stage of early human development that has not been fully understood.

Programs in the workplace designed to get people to exercise can improve fitness, cut cholesterol levels, reduce job stress and even improve attendance, a new analysis of the medical literature shows.