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Wall St gains for third day, but off highs

Wall Street rose on Wednesday after the Greek parliament approved austerity measures to avoid defaulting on its debt, but stocks were off their highs on profit taking after hefty gains this week.

June auto sales seen up slightly

Fewer cars on dealer lots and higher prices -- factors that led to disappointing U.S. auto sales in May -- look to hold June results in check.

Have I Got a Daily Deal For You: Groupon's Falling Marketshare

Does Groupon's New Privacy Policy Put Users at Risk?

Groupon and LivingSocial are all the rage with their daily deals, but the space is getting more crowded fast.

Accused Hacker Ryan Cleary Released on Bail, Diagnosed with Autism

Ryan Cleary was released on a bail, having been diagnosed with Asperger's syndrome while in custody.

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Apple offers free iPhone 3GS, could delay iPhone 4GS and iPhone 5 launch

The latest rumors have reported Apple to offer its iPhone 3GS for free as it makes way for the launch of their upcoming iPhone 5. The iPhone 3GS will be given out for $0 if customers sign onto a two year contract. Consumers waiting for the iPhone 5 may not be an ideal target, but those who fall in the mid or low-range smartphone buyers market will find the offer enticing.

Obama speaks during a news conference in the East Room of the White House in Washington

Obama: U.S. to Keep Pressure on Al-Qaeda, Taliban

The United States will keep applying the utmost pressure on al-Qaeda, even after its former leader Osama bin Laden was removed, according to comments made by U.S. President Barack Obama during a White House press conference.

U.S. must hike debt limit soon to avoid shock: IMF

The International Monetary Fund on Wednesday pressed U.S. lawmakers to quickly lift the government's borrowing limit to avoid a severe shock to global markets and a still-fragile economic recovery.

In Major Test, Appeals Court Upholds U.S. Health Care Law

The Sixth U.S. Court of Appeals in Cincinnati Wednesday ruled that the new U.S. health Care law's mandate that everyone purchase insurance is constitutional, handing the Obama administration a victory.

Pending home sales rise but recovery still distant

Pending sales of existing homes rebounded from a seven-month low in May but demand for mortgages sank last week and the market is still struggling under the weight of a glut of unsold properties.

Citi, Lehman Europe settle over $2.5 billion assets

Citigroup has struck a deal with the European arm of collapsed investment bank Lehman Brothers to release over $2.5 billion worth of assets held in its custody business.

Instant view: Pending home sales jump in May

Pending sales of previously owned U.S. homes rose more than expected in May, a trade group said on Wednesday, but a glut of unsold properties remains a drag on the housing market.

IMF says U.S. should hike debt limit to avert global shock

Failure by U.S. lawmakers to agree soon on a deal to raise the government's borrowing limit could deliver a severe shock to a still fragile recovery and global markets, the International Monetary Fund warned on Wednesday.

JPMorgan-SEC deal on mortgage CDO approved: judge

A federal judge on Wednesday approved a $153.6 million settlement between JPMorgan Chase & Co and the top U.S. market regulator over allegations a mortgage CDO product defrauded the bank's investors at the time of the housing market collapse.

Bloomberg Blasts Cuomo's Plans to Close Indian Point

Just days after he marched with Gov. Andrew Cuomo to champion his same-sex marriage victory, Mayor Michael Bloomberg blasted Cuomo's plans to close the Indian Point nuclear plant.

Sarah Palin to Celebrities: Why the Hate? What’s the Problem?

Sarah Palin wondered out loud to a reporter why celebrities are so full of hate towards her. Palin made the comments in Pella, Iowa after a screening of The Undefeated, an upcoming documentary about her political career.

Dive Boat Abandons American Tourist on Great Barrier Reef, Australia

Australian authorities are investigating an incident that occurred this past weekend in which a Great Barrier Reef dive boat accidentally left behind a U.S. snorkeler.

Undated handout released April 28, 2009, shows Abu Omar al-Baghdadi

Iraq Convicts Wives Of Former Al-Qaeda Chiefs

An Iraqi court has sentenced the widow of al-Qaeda’s local chieftain to life in prison for helping her husband carry out terrorist attacks.

Greek hopes push stocks higher for 3rd straight day

U.S. stocks advanced on Wednesday after the Greek parliament approved austerity measures, taking an important step in the country's bid to gain access to international funding to avoid default.

Lehman files new bankruptcy plan

Lehman Brothers Holdings Inc filed a new $65 billion bankruptcy liquidation plan that it said has won wider support, possibly setting the stage for the end of the biggest bankruptcy in U.S. history.

General Mills sees 2012 profit hit by food costs

General Mills Inc forecast weaker fiscal-year earnings than Wall Street expected as higher ingredient and fuel costs hammer the food company.

Obama Avoids Gay Marriage Questions at News Conference

President Barack Obama said gays and lesbians should receive equal treatment but stopped short of endorsing gay marriage during a news conference Wednesday, carefully parsing his answers to questions about New York's landmark same-sex marriage law.

Pending home sales rise, market still seen weak

Pending sales of existing homes rebounded from a seven-month low in May but demand for mortgages sank last week and the market is still struggling under the weight of a glut of unsold properties.

Monsanto earnings jump, shares rise

Global agribusiness company Monsanto Co said on Wednesday that net income surged nearly 80 percent in the third quarter due to strong sales in its core seeds and genetic traits businesses.

General Mills forecasts weaker profit on food costs

General Mills Inc forecast weaker fiscal-year earnings than Wall Street expected as higher ingredient and fuel costs hammer the food company.

Obama: GOP Position on Debt Ceiling Not 'Sustainable'

President Barack Obama, in his Wednesday news conference, did not mince words regarding Congressional Republicans' position on the debt ceiling.

New settlement push in CFTC oil manipulation case

One of the biggest oil market manipulation cases undertaken by regulators is entering a new phase in which a judge will mediate settlement talks, three years after the case was launched.

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