IBT Staff Reporter

General Motors Co GM.UL remains committed to closing a deal to sell its European Opel unit to a group led by Magna International (MGa.TO), the automaker's chief executive told CNBC on Wednesday.

Microsoft on Tuesday confirmed the early delivery of Windows 7 in UK before its official launch on Thursday.

Canada's main telecom regulator said on Wednesday it will let Internet service providers slow or throttle traffic such as file-sharing that the companies say threatens to overwhelm their networks -- but only as a last resort.

Canada's main telecom regulator said on Wednesday it will let Internet service providers slow or throttle traffic such as file-sharing that the companies say threatens to overwhelm their networks -- but only as a last resort.

Morgan Stanley's riskier trading operations have stolen the thunder from its growing brokerage -- at least for now.

Galleon Group, whose founder has been charged with masterminding the biggest-ever insider-trading scheme involving hedge funds, is shutting down.

Internet telephony company Skype aims to open up its platform to boost access to services by the business sector, Chief Executive Josh Silverman said on Wednesday.

Hyundai Motor Co Ltd is considering extending its successful U.S. incentive program that allows consumers to return vehicles if they lose their jobs, its U.S. chief executive said on Wednesday.

Wal-Mart Stores Inc's chief executive kicked off a two-day meeting by telling Wall Street that the world's largest retailer has more room to grow, both at home and internationally.

Oil jumped more than 3 percent toward $82 a barrel on Wednesday, its highest level in a year, due to a drawdown in U.S. refined oil inventories and as a rise in U.S. equities showed optimism about the economy and a potential rebound in energy demand.

Google Inc is partnering with major music labels to launch a new feature to make it easier to discover, sample and buy songs on the search engine, according to two people familiar with the plan.

* First weeks of Madoff's prison life* Drug dealer, child molester, mob boss and spy

Brooke Hundley, a 22-year-old production assistant to ESPN baseball analyst Steve Phillips wrote a letter to Phillips' wife unveiling their affair.

Wells Fargo & Co and U.S. Bancorp posted earnings that trounced Wall Street expectations, helped by outsized revenue from underwriting mortgages.

If electric cars plug in at rates hoped for by automakers in the coming years, there will be enough power to serve them, the biggest U.S. electric utilities industry group vowed on Wednesday.

Some Brazilian motorists who fuel their cars solely on cane-based ethanol are switching back to gasoline as high sugar prices now make the biofuel more costly in some states.

Chinese President Hu Jintao has told his U.S. counterpart Barack Obama that closer cooperation on fighting climate change could help improve overall ties between the world's top two greenhouse gas polluters.

Steve Phillips, an ESPN baseball analyst was involved in a love affair with 22-year-old production assistant Brooke Hundley.

Chinese solar panel maker Suntech Power Holdings Co Ltd (STP.N) said on Wednesday it will begin shipping a new solar system for large-sized projects next year, betting that the U.S. solar utility market will heat up.

Ascent Solar Technologies Inc said it achieved a new efficiency milestone on some of its solar modules, sending its shares up as much as 6 percent.

Electronic trading services provider Knight Capital Group Inc's quarterly profit fell short of expectations, as its trading income took a hit from lower market volatility and higher regulatory transaction fees, sending its shares down 18 percent.

Oil jumped 3 percent to over $81 a barrel on Wednesday to its highest level in a year due to a drawdown in U.S. refined oil inventories and as a rise in U.S. equities showed optimism about the economy and a potential rebound in energy demand.

Research In Motion has rolled out an updated version of its top-end BlackBerry Bold, aiming to reassert its dominance in the professional market at a time when its retail consumer business has come under growing pressure from Apple's iPhone.

Epic swindler Bernard Madoff shared a prison cell with a 21-year-old drug dealer, and other fellow inmates included a spy and a mob boss when he was sent to prison in July, according to court documents.

Hedge fund firm Galleon Group said it is winding down its funds, less than a week after its founder was arrested and charged with running one of the biggest insider-trading schemes ever involving a hedge fund.

Barnes & Noble's new Nook e-reader made its debut on Tuesday and became the latest in a series of new eReaders popping up recently to compete with Amazon's Kindle.

Boeing Co on Wednesday posted a larger-than-expected quarterly loss on costs related to its long-delayed 787 Dreamliner program, but the world's second-largest planemaker reaffirmed that the aircraft is on track to fly this year.

Soomaa National Park in central Estonia has joined the Pan Parks network of protected wilderness areas.

Google Inc is partnering with major music labels to launch a new feature to make it easier for music fans to discover, sample and buy songs on the search engine, according to two people familiar with the plan.