UPDATE

As reported earlier this week, AT&T began to deliver multimedia messaging service (MMS) for iPhones in the U.S. on Friday.

Warner Chilcott Plc, a maker of contraceptives, said privately held Leo Pharma would re-acquire the U.S. rights to its topical psoriasis treatments for about $1 billion in cash, sending its shares up 4 percent.

Raymond Clark III, the lab technician taken into custody for the murder of Yale student Annie Le forced an ex girlfriend to have sex with him, the New Haven Independent reported today.

Hurricane Fred strengthened into a Category 3 storm on Wednesday over the eastern Atlantic, the U.S. National Hurricane Center said.

The cost to General Motors Co of keeping its European Opel unit could run $1.45 billion higher than the overly optimistic estimate prepared by the automaker in June, according to a report from a financial adviser presented to GM's board on Tuesday.

Smithfield Foods Inc reported on Tuesday a larger-than-expected first-quarter loss due to low hog prices and a drop in pork sales because of the H1N1 flu and the recession.

Hurricane Jimena has weakened slightly as it approaches the southwestern area of Mexico's Baja California Peninsula but remains an extremely dangerous category 4 hurricane, the National Hurricane Center said on its latest report.

Rambus Inc shares fell more than 15 percent on Tuesday after a San Francisco judge pushed back a key antitrust case involving the chip designer until next year.

SAN FRANCISCO - Shares in DreamWorks Animation SKG Inc rose 6.5 percent on Monday on speculation it may become a takeover target, after Walt Disney Co said it will buy Marvel Entertainment in the year's biggest media deal.

The makers of Camel and Kool cigarettes and other tobacco companies filed suit in federal court on Monday to try to block provisions of a recently enacted U.S. tobacco law they say would interfere with their right to communicate with adult smokers.

NEW YORK - Crexus Investment Corp estimates its planned initial public offering will yield $500 million, according to an updated prospectus filed on Monday with the U.S. Securities and Exchange Commission. Crexus, which filed for its IPO in June, said it expected its 33.3 million shares to price at $15 apiece.

Ford Motor Cowill report a U.S. auto sales increase in August and the industry may post its first monthly year-over-year sales rise since October 2007, the automaker's chief sales analyst said on Monday.

NEW YORK - Oilfield services company Baker Hughes Inc said on Monday it would buy smaller peer BJ Services Co for $4.9 billion to create a one-stop shopping destination for its oil and gas producing customers and better take on the industry's leaders.

U.S. accounting rulemakers have proposed requiring new disclosures on how companies value illiquid assets, a move designed to make it easier for investors to assess businesses' financial health.

Hedge fund firm Citadel Investment Group LLC on Monday said it terminated a plan to sell 120 million shares of E*Trade Financial Corp over the next three months.

WASHINGTON - U.S. drug reviewers questioned findings from biotech company Allos Therapeutics Inc (ALTH.O) on the effectiveness of its proposed drug for an aggressive type of lymphoma, documents released on Friday showed.

WASHINGTON - A U.S. court struck down a rule limiting a cable company to no more than 30 percent of the pay television market, a victory for companies like Comcast Corp (CMCSA.O) that could spark a wave of industry mergers.

WASHINGTON - A U.S. court on Friday struck down a rule limiting a cable company to no more than 30 percent of the subscription television market, a victory for companies like Comcast Corp (CMCSA.O) that could spark a wave of consolidation in the industry.

Energy Conversion Devices Inc swung to a quarterly loss as demand for its products continued to fall, sending shares of the solar company down 5 percent.

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A bankruptcy judge on Wednesday approved a plan of reorganization for luxury home builder WCI Communities Inc (WCIMQ.PK), according to court documents, helping clear the way for the company to emerge from Chapter 11 bankruptcy protection.