Reuters
NEW YORK (Reuters) – U.S. stocks rose in thin trade on Wednesday as retailers' earnings and a report showing a slight improvement in private employment boosted optimism ahead of Friday's payrolls report. Full Story »
Reuters LOS ANGELES/WASHINGTON (Reuters) - Intel Corp has agreed to stop using threats and unfair discounts to block its rivals, resolving a costly, high-profile legal battle over accusations it illegally smothered competition for over a decade. Full Story »
CHARLOTTE, North Carolina (Reuters) - Goldman Sachs Group Inc plans to spin off its proprietary trading business as early as this month to comply with the so-called Volcker rule, CNBC reported on Wednesday. Full Story »
AP PARIS - Trans-Atlantic stock exchange operator NYSE Euronext said Tuesday it earned $184 million in the second quarter as it saw a jump in revenue from derivatives trading and eliminated one-time charges recorded last year. Full Story »
AP WASHINGTON - Rallying a pivotal part of his base, President Barack Obama pleaded with labor leaders Wednesday to energize their members about the upcoming election, depicting a choice between those who fight for the middle class and those who are "not lifting a finger to help." Full Story »
AP TOKYO - Toyota reported a quarterly profit of $2.2 billion, reversing from red ink a year earlier as the world's top automaker benefited from a global sales recovery that offset lingering doubts about the safety of its cars. Full Story »
GENEVA - Swatch Group AG, the world's largest watchmaker, reported a 54 percent rise in half-year net profit Wednesday as sales recovered from a slump during the global economic downturn. Full Story »
AP KANSAS CITY, Mo. - Federal prosecutors have charged a California woman and Florida man with helping at least three people build false credit histories that allowed them to obtain millions of dollars in mortgage loans. Full Story »
MUMBAI (Reuters) - The BSE sensex ignored weak world markets to test fresh 2-½ year highs, ending a choppy Wednesday session 0.6 percent higher, as outsourcers cheered robust results and guidance from peer Cognizant Technology Solutions Corp. Full Story »
RICHMOND, Va. - Hardwood flooring retailer Lumber Liquidators said Wednesday strong consumer demand drove an increase in revenue, helping its net income climb about 32 percent in the second quarter. Full Story »
The homebuilder swung to a profit of 20 cents a share vs. views for a penny loss. Sales almost doubled to $1.31 bil, above views. PulteGroup said demand had stabilized at a low level after the tax credit for first-time homebuyers expired in April. Sales of new U.S. homes jumped in June, but it was the second-weakest month on record. Full Story »
BISMARCK, N.D. - An oilseed processing venture that left more than $800,000 in unpaid bills when it went broke last year may resume doing business with a $100,000 bond and a promise to pay cash to oilseed suppliers, state regulators decided Wednesday. Full Story »
BIG MISTAKE: Treasury Secretary Timothy Geithner says extending tax cuts for the wealthiest Americans — families making more than $250,000 annually — would be a mistake that would cost the country $700 billion over the next decade. Full Story »
The South Korean automaker, whose July U.S. sales rose 20% from a year ago, said 75%-80% of its fleet would have internal combustion engines and 15%-20% would be hybrid engines. Hyundai vehicles now average 31 mpg. Hyundai's previous goal was 35 mpg by '15. Full Story »
President Felipe Calderon said Wednesday that Mexico's cartels in many cases have moved beyond drugs as their main money-earner and are even trying to supplant the government in parts of the country. Full Story »
The Federal Trade Commission is trumpeting its settlement with Intel Corp. as a victory for consumers who have overpaid for computer chips for a decade, though computer buyers shouldn't expect a sudden drop in prices. Full Story »
With a startling report that some researchers call more spin than science, the government said Wednesday that the mess made by the BP oil spill in the Gulf of Mexico is mostly gone already. Full Story »
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