IBT Staff Reporter

U.S. wireless carriers Verizon Communications and AT&T took issue with assertions that they colluded in setting prices for text messages, saying on Tuesday that prices for most customers had fallen and the market was competitive.

Real estate tycoon Donald Trump has made a bid to buy New Jersey casino operator Trump Entertainment Resorts Inc, which in February logged its third bankruptcy filing, the Wall Street Journal reported on Tuesday.

An Iranian provincial prosecutor has warned that the few elements behind post-election unrest could face the death penalty under Islamic law, an Iranian news agency reported Wednesday.

NASA canceled the launch of space shuttle Endeavour on Wednesday for the second time after a potentially dangerous hydrogen gas leak surfaced while the ship was being fueled for flight.

Supporters of Iran's defeated presidential candidate Mirhossein Mousavi aim to keep pressure up with new protests on Wednesday over a disputed poll which has led to the biggest upheaval since the 1979 Islamic revolution.

Swedish carmaker Saab Automobile secured a key court ruling on Wednesday allowing it to cut billions of crowns of debt and paving the way for a takeover of the General Motors unit by local sportscar maker Koenigsegg.

Boeing Co will discuss added costs for its B787 airliner with supplier partners after the plane's first flight, Boeing Chief Executive Jim McNerney said in an interview published on Wednesday.

Ferdinand Piech, a co-owner of Porsche , is resisting a quick decision to let the Gulf state of Qatar take a minority stake in the German automotive group, the Financial Times Deutschland reported.

Twitter, the social networking site favored by some celebrities, has gone high-brow with a performance from James Joyce's 1922 novel Ulysses.

Asian stocks outside Japan fell for a fourth day on Wednesday, weighed by resource-related shares and doubts about a global economic recovery, while U.S. Treasuries eased on profit taking after a surge overnight.

The Obama administration on Tuesday said it will back repealing a hard-to-enforce tax on personal use of work cellphones, appeasing the business community, phone makers and users.

Morgan Stanley is planning more changes in its prime-brokerage division to get back some of its hedge-fund clients that left the company last year, the Wall Street Journal said.

Most stocks in Asia edged lower on Wednesday, weighed down by resource-related shares and doubts about a global economic recovery, while oil slipped below $70 a barrel ahead of U.S. inventory data that could reflect slowing energy demand.

President Barack Obama will unveil on Wednesday his plans for reshaping U.S. financial regulation, with proposals to close one bank regulator and create new overseers for big-picture economic risk and consumer financial product safety.

The Obama administration plans to streamline U.S. bank oversight and put the Federal Reserve in charge of monitoring big-picture economic risks in a sweeping regulatory overhaul to be formally unveiled on Wednesday, a senior administration official said.

Most stocks in Asia edged lower on Wednesday, weighed down by resource-related shares and doubts about a global economic recovery, while oil slipped below $70 a barrel ahead of U.S. inventory data that could reflect slowing energy demand.

For more than six months after Sun Microsystems warned the world of flaws in its Java virtual machine, Apple finally released security updates for Mac OS X and Mac OS X Server 10.4.11 and 10.5.7.

Palestinians in the Gaza Strip are being treated more like animals than human beings, former U.S. president Jimmy Carter said on Tuesday.

The House of Representatives on Tuesday narrowly backed a $106 billion bill to pay for the U.S. wars in Iraq and Afghanistan and extend billions in new credit to the International Monetary Fund.

Maurice Hank Greenberg, former chief executive of insurer AIG, testified before a federal jury on Tuesday that he did not have a fiduciary duty to fund an AIG compensation plan.

Republican Senenator for Neveda, John Ensign, admitted to having an extramarital affair with member of his campaign staff.

Beverage maker Red Bull, is once again sponsoring its own hip-hop music competition, holding its third annual national search for a music producer who will win a chance to work an established artist.

Republican U.S. senator John Ensign from Nevada admitted on Tuesday he had an extramarital affair with a campaign staffer last year.

Several years ago, malt beer distributors in Pennsylvania were on the offensive, considering ways to allow the state to let them sell smaller quantities the alcohol, instead of the full case they’re limited to.

Lincoln Financial Group on Tuesday announced that it has priced a public offering of common stock in a bid to raise $600 million in capital.

After receiving a letter from group of privacy and security experts, Google is planning to turn on HTTPS as the default for all Gmail users all the time.

Hong Kong's economy recession worsened from the previous quarter with continuous drop of GDP & GNP, marking a fourth straight quarter it felt the impact of the global economic downturn.

Consumer Watchdog praised Google on Tuesday for agreeing to offer improved security for users of its online e-mail services like Gmail.

Carlyle Group and Blackstone Group LP are leading an investor group that is bidding to acquire First Republic Bank, a private banking unit of Bank of America Corp , Bloomberg News said on Tuesday, citing three people familiar with the matter.