IBT Staff Reporter

Regions Financial Corp and Fifth Third Bancorp announced plans on Wednesday to sell stock, the eighth and ninth of the 10 large U.S. banks ordered by federal regulators to bolster their finances to announce capital-raising plans.

An executive and an employee of a broker-dealer firm were charged with defrauding Citgo Petroleum Corp, a subsidiary of PDV Holding Inc owned by Venezuelan state oil company PDVSA, court documents released on Wednesday show.

Japan's Nikkei stock average slipped 0.6 percent on Thursday, as the yen rose to a fresh two-month high against the dollar weighing on Toyota Motor Corp and other exporters.

Limited Brands Inc on Wednesday reported a surprise quarterly profit as cost cuts offset softer sales at the operator of the Victoria's Secret and Bath & Body Works chains.

Microsoft Corp said on Wednesday a Texas federal jury ordered the company to pay Canadian software firm i4i Ltd $200 million in damages for infringing a patent.

Bank of America Corp wants to pay back $45 billion in bail-out funds by the end of the year, accelerated by a program to raise capital, the Financial Times reported on its website late on Wednesday.

Chinese state-owned metals firm Chinalco will restructure its $19.5 billion tie-up with miner Rio Tinto Ltd/Plc to allay Australian government concerns, the Sydney Morning Herald newspaper said on Thursday.

Microsoft Corp said on Wednesday a Texas federal jury ordered the company to pay Canadian software firm i4i Ltd $200 million in damages for infringing a patent.

Australian Dollar: The Australian Dollar took a bit of a hit in Asian trade yesterday falling from a seven and half month high of 0.7783

Chrysler’s new chairman, Robert Kidder, a private-equity investor and former consultant who once worked for Ford Motor Co will lead the automaker currently reorganizing under court protection.

The Federal Reserve said on Wednesday it saw modest improvements in the U.S. economy last month, but it still saw big risks and left open the possibility of increasing its purchases of mortgage-related and government debt to keep credit flowing and spur recovery.

President Barack Obama concluded said Wednesday there is an impressive consensus among members of his Economic Recovery Advisory Board for getting the United States to take the lead on clean energy issues.

Treasury Secretary Timothy Geithner is surrounding himself with former aides to President Bill Clinton as he attempts to rebound from a rocky start even as top-tier vacancies have slowed decision-making.

U.S. investigators criminally charged two executives of FTC Capital Markets Inc in a suspected investment fraud possibly involving hundreds of millions of dollars, according to a court document released on Wednesday.

Red Hat Inc. has announced the availability JBoss Enterprise Business Rules Management System (BRMS) with a new business rules and policies.

U.S. Treasury Secretary Timothy Geithner said on Wednesday the Obama administration was making headway in calming financial markets and would have a program to cleanse toxic assets from banks' balance sheets up and running by July.

Western Digital Corp. has unveiled its new 2TB green drives providing cooler, quieter operation with less power consumption, specifically design for audio and video applications, including high-definition video for the surveillance and security market.

Stocks fell on Wednesday, led by financials in a late-stage sell-off, after the Federal Reserve gave a more pessimistic view on the economy, tempering hopes for a quick recovery.

President Barack Obama was expected to sign into law on Friday a package of sweeping new limits on credit card interest rates and fees that won final approval from the U.S. Congress on Wednesday .

A judge declined on Wednesday to postpone Chrysler's bankruptcy to allow a district court to hear arguments about whether the U.S. government exceeded its authority in the reorganization of the automaker.

Shareholders would have greater power to nominate corporate directors, a process now tightly controlled by company management, under a proposal issued by the U.S. Securities and Exchange Commission on Wednesday.

The largest chemical maker in the US, Dow Chemical on Wednesday said it will sell another $900 million strategic assets from its Calcium Chloride unit for $210 million to pay down its debt on its Rohm and Haas acquisition of $16.4 billion.

MAIN FOCUS: FSLR using yesterday's high as buy trigger. If it holds above 194.29 it should retest $200 area. This may need some time to settup.

President Barack Obama, speaking to a high-level advisory panel of economic experts, said on Wednesday that U.S. financial markets had improved recently but he was concerned the country would face higher unemployment for some time.

The U.S. House of Representatives voted on Wednesday to approve legislation to curb sudden credit card interest rate hikes and hidden fees, with President Barack Obama expected to sign it within days.

Stocks fell on Wednesday, as financial shares sold off following their recent run-up and as the Federal Reserve offered a more pessimistic view on the economy's prospects.

Stocks fell on Wednesday, as financial shares sold off following their recent run-up and as the Federal Reserve offered a more pessimistic view on the economy's prospects.

Redwood Real Estate Partners, Inc said on Wednesday it launched a fund to buy up to $500 million in distressed residential real estate amid an expected surge in bank-owned properties.

Worldwide cell phone sales fell in the first quarter of this year, while smartphones continued to grow with Apple's iPhone more than doubling its market share from , according to a report published by Gartner Wednesday.