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U.S. probes trading practices in fragmented markets

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Securities regulators are probing whether traders have intentionally exacerbated volatility or unlawfully exploited the deeply fragmented stock markets, Securities and Exchange Commission Chairman Mary Schapiro said on Wednesday.

Private firm launches, lands space capsule for NASA

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A privately owned company put a spacecraft into orbit and brought it back on Wednesday in a groundbreaking test flight NASA hopes will lead to cargo runs to the International Space Station after the space shuttles are retired next year.
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JetBlue cuts outlook but other airlines improving

Discount carrier JetBlue Airways cut its revenue outlook for the fourth-quarter holiday period, saying sales of higher-priced tickets had not materialized as planned, and its shares fell 4 percent.
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Nintendo needs some magic to spur growth

Nintendo faces a tough battle to boost growth as rivals snatch the lead in motion-controlled gaming from the long-time world-beater, just as competition from smartphones and tablets batters the handheld market.
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Private firm launches and lands space capsule for NASA

A privately owned company put a spacecraft into orbit and brought it back on Wednesday in a groundbreaking test flight NASA hopes will lead to cargo runs to the International Space Station after the space shuttles are retired next year.
A staff member packs a customer's items into a plastic bag at a supermarket in Changzhi, Shanxi province

All signs point to higher inflation in China

Domestic monetary policy, monetary policy abroad, wages, and the cost of essential commodities all point to higher inflation in China, according to virtually every single school of economic thought.
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Intel has 35 tablet wins, buys back shares

Intel Corp has resumed share buybacks after a pause of more than a year and its chips have been chosen for 35 tablet computers as well as some smartphones, its chief executive said on Wednesday.
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Artists get own micro-philanthropy site

A project billed as the first micro-philanthropy website dedicated to U.S. filmmakers, writers, musicians and visual artists was launched on Tuesday, aimed at attracting small public donations to bring artistic projects to life.
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IMF chief: European situation remains troubling

International Monetary Fund chief Dominique Strauss-Kahn on Wednesday said the situation in Europe remained troubling, keeping up pressure on policymakers to find more effective measures to deal with the euro zone's debt crisis.
France's President Nicolas Sarkozy (L) with his wife Carla Bruni-Sarkozy on a four-day official day to India.

Sarkozy strikes nuclear, defense deals worth $10 bln with India

French president Nicolas Sarkozy, who was on a four-day official visit to India along with his wife Carla Bruni left for Paris on Tuesday after signing a few deals worth more than $10 billion, which is almost the same as what US President Obama managed during his visit last month.
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Netflix in streaming deal for some ABC shows

Netflix Inc reached a deal with ABC Television Group to add past episodes of popular shows Grey's Anatomy, Desperate Housewives and Brothers & Sisters to its online streaming service, the two sides announced on Wednesday.
Paypal admits to US pressure, and hackers warn of attacks on website and Twitter

Hackers Bring Down MasterCard Site, Threaten PayPal

Hackers, possibly in retaliation for attacks on Wikileaks, forced down the website of the international credit card service MasterCard on Wednesday and warned PayPal they could be next. PayPal has admitted that the US Government was behind the company's decision to sever ties with Wikileaks.
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Costco profit helped by sales, fees

Costco Wholesale Corp posted better-than-expected quarterly profit, helped by strong sales and increased fee revenue as consumers sought out its bulk offerings of food and other items.
Blackberry 9800 - the 'Torch'

RIM downgraded at Gleacher

Gleacher downgraded Research In Motion to 'neutral' from 'buy,' saying it expects the company to lose share in the high-growth smart phone market as Apple and Android expand carriers and product breadth.
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McDonald's November sales weaker than expected

McDonald's Corp reported a smaller-than-expected rise in global sales at established restaurants in November as demand was weaker than anticipated in its key domestic market and Japan.

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