Oil tops $68 on gasoline inventory drop, demand
Oil rose above $68 per barrel on Wednesday, buoyed by a drop in U.S. gasoline inventories and a weak dollar.
Roman Polanski appeals against extradition over sex case
Lawyers for Oscar-winning film director Roman Polanski lodged an appeal with a Swiss court on Tuesday against his arrest on a U.S. extradition warrant to face sentence for having sex with a 13-year-old girl in 1977.
Bharti and MTN call off tie-up talks
Talks between Bharti Airtel and MTN Group to create the world's third-largest mobile operator collapsed for the second time in just over a year on Wednesday.
Iconix cuts FY view; shares sink
Iconix Brand Group Inc slashed its 2009 view, hurt by the transition to a new licensee for one of its brands and dilution from its June share offer, sending its shares tumbling 23 percent.
Nigeria may sell oil joint venture stakes to China
China has made a proposal to buy 6 billion barrels of Nigeria's crude oil reserves and the West African country said on Wednesday it could sell stakes in its joint ventures with Western oil firms to help Beijing do so.
Danone sells Wahaha venture stake, builds war chest
French food group Danone settled a legal row with China's top beverage producer Wahaha by selling out of their joint venture, as analysts speculated Danone is looking to the United States for a big acquisition.
5,800 died in U.S. due to distracted driving in 2008
More than 5,800 people were killed and 515,000 injured in U.S. car crashes last year tied to distracted driving, according to data released on Wednesday.
First videos of American Samoa Tsunami show devastation
American Samoa tsunami videos are being made public online by witnesses showing the devastation left in the villages along the shoreline of the island.
Village Green, Microsoft partner on carbon tool
Environmental software company Village Green Global Inc is joining the dash in the market to track carbon footprints, partnering with software giant Microsoft Corp to capture the business of cities and local governments.
Man Group assets rise on lower outflows
Man Group, the world's largest listed hedge fund firm, said slowing outflows helped lift assets to an estimated $43.8 billion at end-September, at the top end of forecasts, boosting its shares.
Bob Dylan album goes for early sales to Citi customers
The times they are a-changin', and Bob Dylan's surprise decision to release his first Christmas album next month now comes with a banking tie-in that would have been unimaginable during the singer's 1960s protest years.
Nielsen sees nearly flat 2009 U.S. holiday sales
U.S. holiday sales in 2009 will likely be almost flat with the anemic showing of a year ago, a new survey predicted, following in a line of cautious early forecasts for the period.
Wall Street drops on surprise fall in Chicago PMI data
U.S. stocks fell sharply on Wednesday as an unexpected fall in business activity in the U.S. Midwest sparked worries about the pace of economic recovery.
Freddie Mac expects multifamily bonds quarterly
Freddie Mac said on Wednesday it plans to sell about $1 billion of multifamily mortgage-backed securities next week and expects new issues at least quarterly.
U.S. Q2 home foreclosures, mortgage delinquencies up
The number of home foreclosures in process and delinquent mortgages rose during the second quarter, while home retention actions also rose, U.S. bank regulators said on Wednesday.
U.S. GDP shrinks at a smaller 0.7 percent rate in Q2
The U.S. economy contracted at slower pace than previously thought in the second quarter as improved consumer and business spending cushioned the impact of a record decline in inventories, according to a government report on Wednesday.
Corrected: JPMorgan reshuffles leadership in succession clue
(Corrects age of Staley to 52 in paragraph 8 and corrects paragraph 13 to show Winters was in London, Black in New York)
Honduran police evict Zelaya supporters in crackdown
Honduran police on Wednesday began evicting supporters of toppled President Manuel Zelaya from government office buildings where they had holed up for three months to protest his ouster in a military coup.
Vietnam fights floods after typhoon, toll hits 40
Vietnam's central provinces battled the biggest floods in decades on Wednesday caused by a powerful typhoon that swept into the country after wreaking havoc in the Philippines.
Canaport LNG terminal to receive cargo Oct. 5-data
Repsol YPF's Bilbao Knutsen liquefied natural gas tanker is expected to arrive at the Canaport LNG terminal in New Brunswick from Trinidad on Oct. 5, according to AISLive ship tracker on Reuters.
Iran says Geneva talks are test
Iran said on Wednesday it viewed talks with six world powers in Geneva as an opportunity and a test, while the United States weighed sanctions over Tehran's nuclear program if Thursday's meeting fails.
Toys R Us says will hire 35,000 holiday workers
Toys R Us Inc said on Wednesday that it would hire about 35,000 seasonal workers for its U.S. stores as it prepares for the upcoming holiday shopping season.
China's National Day parade
China will celebrate 60 years of Communist Party rule on Thursday with a massive military parade passing by Tiananmen Square in central Beijing, where Mao Zedong proclaimed the People's Republic on October 1, 1949.
Ghosts of China past emerge in anniversary snaps
In a black-and-white photo from Tiananmen Square in 1970, the four young faces are serious, the clothes drab and nearly identical, and a copy of chairman Mao Zedong's little red book is clutched in every hand.
U.S. okays Warner Chilcott buy of P&G unit
U.S. antitrust regulators have approved Warner Chilcott Plc's purchase of Procter & Gamble Co's pharmaceuticals business, the Federal Trade Commission said on Wednesday.
Beijing locked down ahead of national day parade
The Chinese capital Beijing is under lockdown on the eve of a massive military parade to mark six decades of Communist Party rule, with gun-toting police manning street corners to ensure nothing spoils the event.
Fannie Mae bills sold at same rates as prior sale
Fannie Mae, the largest U.S. home funding source, said on Wednesday it sold $2 billion of bills at rates unchanged from last week's rates for similar sizes and maturities.
Indonesia quake kills 21, thousands trapped
A powerful earthquake struck off the city of Padang on Indonesia's Sumatra island on Wednesday, killing at least 21 people and trapping thousands under rubble, an official said.
Tsunami smashes Pacific islands, over 100 feared dead
A series of tsunamis smashed into the Pacific island nations of American and Western Samoa killing possibly more than 100 people, some washed out to sea, destroying villages and injuring hundreds, officials said on Wednesday.
Miss Singapore World Ris Low resigns following lingerie fraud (VIDEO)
Miss Singapore World, Ris Low, announced her resignation on Tuesday coming five days after news broke out that she was involved in credit card fraud.