IBT Staff Reporter

Stocks seesawed on Wednesday despite strong data on new home sales and durable goods orders as investors paused after a recent sharp run-up.

U.S. stocks seesawed on Wednesday despite strong data on new home sales and durable goods orders as investors paused after a recent sharp run-up.

U.S. regulators have been negotiating until the last minute on highly anticipated guidelines for private equity investments in distressed banks.

Digital China Holdings recorded a profit attributable to equity holders of approximately HK $262 million or HK 27.24 cents per share for the three months ended June 30, up 130% compared with a year ago.

Dallas Federal Reserve President Richard Fisher said on Wednesday the U.S. economy is poised for a slow, sluggish recovery as it emerges from a painful recession.

Papa Johns pizza chain will today (August 26) be offering free pizza to all Camaro owners in celebration of the chains 25th anniversary and also the reuniting of the chains founder with the Camaro he sold back in 1983 to start his business.

U.S. stocks seesawed on Wednesday despite strong data on new home sales and durable goods orders as investors paused after a recent sharp run-up.

Sales of newly built U.S. single-family homes rose in July to their fastest pace in 10 months, while orders for long-lasting manufactured goods surged, hinting a modest economic recovery was taking shape.

U.S. Senator Edward Kennedy died of brain cancer at age 77, which was diagnosed in May 2008, his family said in a statement early on Wednesday.

The founder of Papa Johns pizza chain, John Schnatter, has paid $250,000 to reacquire the Camaro he sold back in 1983 to start his business.

The U.S. Energy Department will award $300 million to a clean cities program to help communities buy alternative fuel vehicles, Vice President Joe Biden and Energy Secretary Steven Chu said on Wednesday.

Hormone-based drugs that help treat aggressive prostate cancer may be dangerous for some men with heart disease, U.S. researchers reported on Tuesday.

The German government signaled on Wednesday that talks between Berlin and General Motors over the fate of its European unit Opel are threatening to drag on, raising the specter of insolvency again.

Dallas Federal Reserve President Richard Fisher said on Wednesday the U.S. economy is poised for a slow, sluggish recovery as it emerges from a painful recession.

People as young as 45 with high blood pressure are more likely to have memory troubles, U.S. researchers said on Tuesday in a study suggesting aggressive early treatment of the condition may pay huge dividends.

U.S. regulators are likely to back down from the tough stance they took a month ago on rules for auctions of troubled banks, which could clear the way for more private equity bidders to come back into the game.

Dongfeng Motor Group (0489.HK), China's No.3 carmaker, said it expects the domestic market to grow an average 15 percent over each of the next three years, fueled by strong appetites among an emerging middle class.

While the cash-for-clunkers auto rebate program gave the U.S. economy a strong boost, the end of the recession remains uncertain, the head of chemical maker Huntsman Corp (HUN.N) said on Wednesday.

Last November, General Motors was burning cash on a fast-track to failure and desperate to cut any deal to save itself and its German unit Opel.

China launched its first national organ donation system in a bid to crack down on organ trafficking and create a source for transplants other than executed prisoners, who currently make up the majority of donors.

Even as the US lowers the lead levels allowed in paint dramatically, paint with dangerously high lead levels is still being sold for household use worldwide, putting hundreds of millions of young children at risk of permanent brain damage,

Diversified U.S. manufacturer SPX Corp and Indian engineering firm Thermax Ltd will jointly make air pollution control systems in India, in a venture that could bring in annual revenues of up to $100 million in five to 10 years.

British private equity firm Terra Firma said it has bought Everpower Wind Holdings in a deal that a source said was worth around $350 million, looking to tap into the growing renewable energy sector.

IBM and India's top three outsourcing firms have each won five-year IT services contract from oil and gas major BP Plc, the firms said on Wednesday, amid hopes of a revival in technology spending.

Stocks advanced on Wednesday after data showed July new home sales rose at their fastest pace in almost a year, while durable goods orders increased, but less than forecast excluding transportation.

IBM (IBM.N) and India's top three outsourcing firms have each won five-year IT services contract from oil and gas major BP Plc (BP.L), the firms said on Wednesday, amid hopes of a revival in technology spending. Neither IBM nor the Indian firms, Tata Consultancy Services (TCS.BO), Infosys Technologies (INFY.BO) (INFY.O) and Wipro (WIPR.BO) (WIT.N), disclosed financial details of the contract.

The U.S. thrift industry on Wednesday reported its first profit since the third quarter of 2007, earning a slender total of $4 million in the second quarter, the Office of Thrift Supervision said.

The U.S. thrift industry reported on Wednesday its first profit since the third quarter of 2007, earning a slender total of $4 million in the second quarter, the Office of Thrift Supervision said.

A consortium of South Korean and Indian companies is to invest $5.6 billion in producing natural gas in Burma for export by pipeline to China, the Times reported on Tuesday.