IBT Staff Reporter

Oracle Corp, the world's No. 3 software maker, posted lower-than-expected quarterly revenue that missed Wall Street projections, sending its shares down 2.4 percent.

U.S. and Canadian judges said on Wednesday approved Nortel Networks Corp's sale of its enterprise business to Avaya Inc for about $900 million, part of the liquidation of the bankrupt telecoms company.

The U.S. Treasury Department, facing the prospect of piercing the legal limit on U.S. debt within weeks, said on Wednesday it was scaling back a borrowing program it runs on behalf of the Federal Reserve.

U.S. grocery store chain Kroger Co says shoppers are starting to buy national brands again instead of lower-priced store-label versions.

French media and telecoms giant Vivendi said on Wednesday it hasn't made a decision whether to exercise its right to sell a 20 percent stake in broadcaster NBC Universal.

The founders of Internet telephone service Skype are suing its current owner eBay Inc and an investor group, according to a report on the Wall Street Journal's website.

United Technologies Corp is seeing signs of stabilization in its key businesses, though the diversified U.S. manufacturer still faces difficult end markets, a top executive said on Wednesday.

Cuomo pressures BofA; Cit's Wait and See; Fed Divided on Rate Hikes

Crexus Investment Corp lowered the number of shares it will sell in its initial public offering by 60 percent, but increased the shares it plans to sell privately to its manager.

California's governor on Tuesday ordered that a third of the state's electricity come from renewable resources by 2020, the same amount as a legislature plan but with promises to let power companies get more electricity from outside the state.

IAC/InterActiveCorp Chief Executive Barry Diller said on Wednesday he has no interest in buying Time Warner Inc Internet unit AOL, ending long-standing speculation he might consider a bid.

A U.S. bankruptcy judge rejected on Wednesday Verizon Communications Inc's objections to a plan by Nortel Networks Corp to sell its enterprise business to Avaya Inc for $900 million.

Brazil's JBS SA said on Wednesday that it would take over bankrupt U.S. chicken company Pilgrim's Pride Corp and Brazilian rival Bertin, in deals that will propel it to the top of the world meat industry with $30 billion in annual revenue.

Google announced Wednesday that it is acquiring ReCAPTCHA, a company that protects more than 100,000 Web sites from spam and fraud.

Apple Inc is to welcome its latest 52-week high on the iPhone and the iTunes App Store growth, analyst says this week, lifting price target on Apple from $200m to $235.

The European Union will support maintaining policies that poured trillions of dollars into economies and call on a G20 meeting for progress on trade talks to help boost a recovery, a draft policy document said.

Citigroup Inc plans to pay back $20 billion it owes the government when the bank sees more concrete signs of recovery, Chief Executive Vikram Pandit said on Wednesday.

Influential hedge fund adviser Medley Global Advisors issued a report on Wednesday saying there is a growing divide among Federal Reserve policy makers on how quickly they should begin raising interest rates, causing U.S. government bonds to briefly sell off.

A weak U.S. labor market led to bigger bank writedowns of credit card debt in August as a record-high jobless rate left consumers struggling to pay their bills.

President Barack Obama called Kanye West a jackass after the incident with Taylor Swift at the VMA's Sunday.

From major automakers to niche manufacturers, the race is on to get green cars on the road in the coming years, but one question lingers: after many false starts, are drivers finally ready for them?

Executives at the Frankfurt Motor Show predicted a bumpy road to a car market recovery as they showcased their latest green technology, which they hope will transform the industry.

The cause of death of Yale University graduate student was on Wednesday announced by the chief state's medical examiner as traumatic asphyxiation.

Oil prices broke above $72 a barrel on Wednesday after a U.S. government report showed a bigger-than-expected decline in crude inventories.

Stocks rose for a third straight day on Wednesday as weakness in the dollar lifted commodity and industrial shares while data underscored optimism that the economy was improving.

Commercial mortgage backed securities got a lift on Wednesday from new U.S. Internal Revenue Service rules that make it easier to modify securitized mortgages without tax penalties.

U.S. stocks rose 1 percent on Wednesday, helped by weakness in the dollar and data showing a rise in industrial output.

Most of the U.S. commercial real estate industry is expected to remain in recession through 2011 with an industry-wide recovery not expected to begin until 2012, according to a quarterly survey commissioned by PricewaterhouseCoopers.

The singer Beyonce Knowles has been sued by Abercrombie & Fitch Co over her intent to use its Fierce trademark on a fragrance to be launched in early 2010.