IBT Staff Reporter

Canada's National Post, the flagship daily newspaper of Canwest Global Communications Corp, will not publish a Monday edition for nine weeks this summer in its latest move to cut costs, a company spokesman said on Wednesday.

Visa Inc posted better-than-expected quarterly earnings on Wednesday as the world's largest credit card network increased prices, slashed expenses and consumers used debit cards more.

Starbucks Corp on Wednesday posted a quarterly profit excluding items that fell less than analysts expected, as cost savings helped offset an 8 percent drop in sales.

The World Health Organization warned on Wednesday that a global flu pandemic was imminent, raising its threat level as the swine flu virus spread and killed the first person outside of Mexico, a toddler in Texas.

The president of Google Inc's global display advertising business is leaving, marking the latest in a series of changes within the Internet company's sales team in the past two months.

France BNP Paribas said Wednesday it has approved its sales from the Belgium Fortis Holding’s shareholders, in a deal that builds a new industry as the biggest banking group across the Europe by €540 billion or $706 billion deposits.

Using a new tracking tool, search engine giant Google said on Wednesday it saw a spike in searches for information about flu among people in Mexico last week even before news of the outbreak became widely known.

Visa Inc , the world's largest credit card network, posted higher quarterly earnings on Wednesday, as consumers used their debit cards more, and the company cut expenses.

Bank of America Corp shareholders voted to oust Chief Executive Kenneth Lewis as chairman of the board on Wednesday after months of mounting criticism of his stewardship of the largest U.S. bank.

Starbucks Corp on Wednesday posted slightly better-than-expected quarterly profit as cost savings helped offset an 8 percent drop in same-store sales.

French parliamentarians revived debate on a bill to crack down on Internet piracy at the behest of President Nicolas Sarkozy on Wednesday after it had been the subject of an embarrassing defeat for the ruling party.

The National Renewable Energy Laboratory (NREL) will be granted more than $100 million from the economic stimulus package, the U.S. Department of Energy announced on Wednesday.

Google has reportedly been questioned by the U.S. Justice Department over whether their plan to digitize the world’s books into an online database represents a potential antitrust violation, according to the New York Times.

President Barack Obama's energy plans and actions during the first 100 days of his administration reveal a strong emphasis on spending to promote renewable energy technologies that will generate jobs and an effort to shift the nation to a low-carbon economy.

The U.S. economy shrank by a surprisingly steep 6.1 percent in the first quarter, hit by a record plunge in business inventories and sinking exports, but investors read signs of recovery in the report.

The fate of the Detroit troubled automaker will be known tomorrow as President Obama is expected to make an announcement at 11:30am EST.

Most firms nowadays especially in this era of financial downturn are doing its best to cut cost effectively however some may not notice about the impact of keeping the old mindset. A new release study shows that a company who wishes to save money by keeping old computer cost more.

U.S. stocks climbed on Wednesday after grim growth data offered hints of future expansion, a prospect reinforced by the Federal Reserve's hopeful comments.

Asus said Wednesday it had its licensed to the On2 VP7 video codec that allows to develops enabled video phones and market Skype phones.

Fiat SpA and Chrysler LLC are prepared to complete a merger deal by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the preparations said.

U.S. stocks climbed on Wednesday after grim growth data offered hints of future expansion, a prospect reinforced by the Federal Reserve's hopeful comments.

Nissan North America on Tuesday announced a partnership with the City of Seattle on Wednesday to promote the development of electric car infrastructure, as it plans similar promotions in other cities and regions ahead of its own car launch in 2010.

Palm Inc's highly anticipated Pre smartphone costs around $170 to make, according to analysis by research group iSuppli released on Wednesday.

Baskin Robbins is offering scoops of ice cream for small chunks of your change tonight.

Move aside, good looking. Geeks are the new chic, according to self-proclaimed geek Garth Sundem who has just released his second book about geekiness.

The world’s leading steel maker ArcelorMittal said Wednesday Shipments fell 6 percent to 16.0 million tones due to weak demand in commodities in the global industrial downturn.

Diversified U.S. manufacturers Textron Inc and Rockwell Automation Inc slashed their 2009 profit targets, saying they saw no sign of the global recession ending any time soon.

Bank of America Corp Chief Executive Kenneth Lewis appeared to survive a push by angry shareholders to push him off the bank's board -- though they may strip him of his job as chairman of the largest U.S. bank.

U.S. stocks rose on Wednesday as the Federal Reserve said the pace of economic deterioration appeared to be slowing, lifting the S&P 500 to levels last seen in January.