IBT Staff Reporter

Boeing Co said on Wednesday its quarterly profit increased more than expected, driven by growth in defense programs.

LG Electronics Inc posted a record quarterly profit on strong mobile phone and TV sales, helping it win market share from rivals Nokia and Motorola but concerns over weaker margins may stall a rally in its shares.

Delphi Corp's ability to sell itself depends on four of its loss-making plants that buyers may need to inherit as part of a sale, the New York Post said on Wednesday.

Stock index futures fell on Wednesday, a day after the Nasdaq stock index clinched a 10-day winning streak, as investors braced for another round of quarterly results from bellwethers including Morgan Stanley and Boeing Co .

Asia is leading a recovery in global trade, but world trade volumes are still expected to shrink 10 percent this year, the World Trade Organization said on Wednesday.

Asia is leading a recovery in global trade, but world trade volumes are still expected to shrink 10 percent this year, the World Trade Organization said on Wednesday.

U.S. stock index futures pointed to a lower open on Wall Street on Wednesday, following recent gains, as investors braced themselves for more results from bellwethers such as Morgan Stanley , PepsiCo , Pfizer , Boeing and Wells Fargo .

World Trade Organization Director-General Pascal Lamy said on Wednesday that Asian economies may be leading a new expansion in world trade.

South Korea's LG Electronics Inc beat expectations with a record second-quarter profit and is set to outperform its peers this year thanks to a weak local currency and a strong lineup of mobile phones, TVs and appliances.

World stocks clung close to nine-month highs on Wednesday with some profit taking in Europe keeping a lid on further gains and cautious words from U.S. Federal Reserve Chairman Ben Bernanke dampening sentiment.

The popularity of Facebook and other popular social networking sites has given hackers new ways to steal both money and information, the security company Sophos said in a report released on Wednesday.

The popularity of Facebook and other popular social networking sites has given hackers new ways to steal both money and information, the security company Sophos said in a report released on Wednesday.

Asian shares inched up to a 10-month peak on Wednesday, but gains were kept in check as investors booked profits in the belief that the run up in stocks had become overstretched.

Internet giant Yahoo Inc is looking to sell HotJobs and Yahoo Small Business as part of its drive to shed its non-core assets, peHUB, owned by ThomsonReuters, said, citing sources familiar to the matter.

IBM on Wednesday announced it was stepping up its partnership with Juniper Networks Inc, but said it was also boosting ties with other equipment vendors including Cisco Systems Inc, playing down suggestions it was aiming to keep an increasingly competitive Cisco at bay.

LG Electronics Inc on Wednesday reported a surge in second-quarter operating profit as the strength of its mobile phone and TV businesses helped the company recover from the downturn faster than its peers.

Asian shares inched up to a 10-month peak on Wednesday, but gains were kept in check as investors booked profits in the belief that the run in stocks had become overstretched.

Walt Disney Co's Japan unit said it would sell movies on flash memory cards as small as a fingernail so that people can watch them on mobile phones and other portable devices.

Internet giant Yahoo Inc is looking to sell HotJobs and Yahoo Small Business as part of its drive to shed its non-core assets, peHUB, owned by ThomsonReuters, said, citing sources familiar to the matter.

Microsoft Corp is strengthening its focus on its planned to open a retail store this fall. The company hired George Blankenship former Apple Vice President of real estate who helps Apple to acquire property for its controversial retail store strategy way back in 2001.

Stocks rose on Tuesday as a solid profit from Caterpillar Inc overcame some uneasiness about the company's outlook for the current quarter, but the gains were limited as some investors paused following the recent earnings-fueled run-up.

Yahoo Inc's third-quarter forecasts fell short of Wall Street expectations, sending shares 3.2 percent lower, as the Internet company announced plans to step up spending despite persistent weakness in the advertising market.

Footwear and accessories maker Steven Madden Ltd sued eBay Inc on Tuesday over purportedly fake watches being sold on the online marketplace's website.

Apple Inc's quarterly profit blew past Wall Street forecasts thanks to strong sales of Macs and iPhones and higher-than-expected gross margins, boosting its shares 4 percent on Tuesday.

Apple Beats, Bernanke's Rate Call, Exelon Drops NRG bid

Exelon Corporation, the largest operator of nuclear power plants in the U.S., terminated its offer to acquire rival NRG Energy Inc. U.S. lawmakers and state governors discussed on Tuesday that policy to spark green energy jobs would take several years to develop. Alaska's 800-mile oil pipeline, Trans-Alaska Pipeline System may ship less volume of crude than its average due to summer maintenance.

Starbucks Corp ground out an expectations-topping profit on Tuesday as the coffee chain began reaping rewards from slashing costs and closing stores, and its shares gained 9.9 percent.

Millions of Asians are waiting for the century's longest solar eclipse on July 22, an astronomical event that sees the moon move between the Earth and the Sun.

On Tuesday, Apple Inc said that its 15 percent jump in third-quarter profit was led by iPhone and Macintosh Computers sales.