IBT Staff Reporter

Toyota Motor Corp will cut its global production capacity to match lower sales, a company source with direct knowledge of the matter said on Wednesday, with potential annual cuts of at least 700,000 vehicles identified.

South Korea said the satellite it attempted to put into orbit yesterday in its first space rocket launch is assumed to have burned up in the atmosphere after falling back to earth.

Colonial BancGroup Inc filed for Chapter 11 bankruptcy protection on Tuesday, 11 days after regulators seized its banking operations and sold most of those assets to BB&T Corp .

More recovery signs; SEC says 'Reveal; Shrugs for Goldman

A federal judge ordered Bank of America to explain why it agreed to pay $33 million to settle a U.S. Securities and Exchange Commission lawsuit if it believed it properly disclosed bonuses it authorized for Merrill Lynch & Co employees.

The U.S. Postal Service, the nation's second-largest employer, offered buyouts on Tuesday to quickly slash up to 30,000 jobs as it grapples with declining mail volume and embraces more automation.

A $4.6 million bid submitted through online auctioneer eBay Inc for the crypt on top of Marilyn Monroe's final resting place fell through, an attorney for the seller said on Tuesday.

The space shuttle Discovery's launching was canceled on Tuesday night due to a trouble with a fuel valve, USA Today reports.

Michael Jackson's personal doctor, Conrad Murray, claims he never received any payment during the time he served as the singer's personal physician, abcNEWS reported citing an unnamed source familiar with the agreement.

A major fund-raiser for Barack Obama, Hillary Clinton and other Democrats was charged by federal prosecutors in New York in connection with a scheme to defraud Citigroup Inc .

A multi-faceted indicator designed to give support/resistance levels, trend direction, and entry/exit points of varying strengths. General theory behind this indicator states that if price action is above the cloud, the overall trend is bullish, and if below the cloud, the overall trend is bearish. There are also moving averages (the Tenkan and Kijun lines) which act like the MACD crossover signals with the Tenkan crossing from underneath the Kijun as a bullish signal, while crossing overhead gi...

(Corrects word in paragraph 2 to 'settlement' from 'statement')

A firm co-founded by Bernard Madoff has asked a U.S. bankruptcy judge to dismiss a roughly $100 million lawsuit accusing it of helping to fund billions of dollars to the now-imprisoned swindler.

Verenex Energy Inc. said on Tuesday its agreement to be bought by China for $460 million remained in effect and talks to resolve its impasse with Libyan authorities continue.

Think this downturn was rough on manufacturers?

Some investors are shrugging their shoulders at reports that Goldman Sachs Group Inc (GS.N) gives special trading advice and early access to analyst research to a select few clients, saying the practice is commonplace in the industry.

The Aussie dollar experienced little in the way of volatility during yesterday's local trading day bouncing between 0.8350 and 0.8375 for the majority of the Asian session.

The President's Council of Advisors on Science and Technology (PCAST) released a report on Monday, saying the H1N1 swine flu poses a serious health threat to the United States and could kill as many as 90,000 Americans.

In late August's quiet trading, four troubled financial companies have accounted for a big piece of total volume on the New York Stock Exchange,

Netbook PC pioneer Asustek sank deeper into the red with a net loss of T$131 million ($3.9 million) in the second quarter, hit by foreign exchange losses and dashing hopes that it was on the road to recovery.

Bank of Montreal surprised investors on Tuesday with a surge in quarterly profits, sending Canadian bank shares higher and boosting expectations for strong results from the nation's other big lenders.

The bankrupt publisher of Reader's Digest won court approval on Tuesday to access some of the $150 million in funding it has lined up to continue operating while it reorganizes.

Forsys Metals Corp said on Tuesday it has terminated its agreed C$579 million ($504 million) takeover by holding company George Forrest International Afrique (GFI) after the buyer failed to transfer funds to complete the deal.

It was well before any of the three Garza brothers was born, but the magical music year of 1969 still contained

Disgraced R&B star Chris Brown was sentenced to five years' probation and 180 days of community labor on Tuesday for beating up his then-girlfriend, pop singer Rihanna.

Sony Corp unveiled its first wireless electronic reader, challenging Amazon.com Inc's momentum in the growing digital book market.

The popular and free online encyclopedia Wikipedia plans to change the way people contribute to some of its entries, and will also be getting a $2 million cash infusion.

Private equity firm TPG has hired three banks to lead manage an IPO of Australia's top department store Myer Group, sources with direct knowledge told Reuters on Tuesday, valuing Myer at about $2.1 billion. The IPO, the biggest initial public offer on the Australian stock exchange since the credit crisis took hold two years ago, underscores a return of confidence in the market and heralds a wave of new listings.

The Aussie dollar experienced little in the way of volatility during yesterday's local trading day bouncing between 0.8350 and 0.8375 for the majority of the Asian session.