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CBS, Scripps, Rainbow join Comcast Web trial

Comcast Corp has signed up CBS Corp along with 17 more cable networks to participate in the cable company's trial to make more television shows available to its subscribers on the Web.

Gas prices push up consumer prices in June

U.S. consumer prices rose at a slightly faster-than-expected 0.7 percent pace in June, but the bulk of the increase was due to soaring gasoline prices and the core measure of inflation remained relatively tame, government data on Wednesday showed.

Gas prices push consumer prices up in June

Daily Outlook - July 15 - Energy

The U.S. Energy Department will release its weekly petroleum supply report at 10:30 a.m. EST. U.S. Energy Secretary Steven Chu and Commerce Secretary Gary Locke arrive to China to stay through July 17 to highlight the potential for mutually beneficial relationships in the clean energy sector. The 20th World Oil Forum 2009 ends in London, UK .

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Burberry underlying revenues fall, trading tough

British luxury goods group Burberry met forecasts with a 4 percent fall in first-quarter underlying revenues and said on Wednesday trading conditions remained challenging.

Global stocks near two-week highs, dollar wilts

Global stocks rose to their highest level in nearly two weeks on Wednesday as blockbuster results from major firms such as tech bellwether Intel Corp underpinned appetite for riskier assets.

Calpers sues over ratings of securities: report

Calpers, the biggest U.S. public pension fund, has filed a suit in a California state court in connection with $1 billion in losses that it says were caused by inaccurate credit ratings from the three leading ratings agencies, The New York Times reported.

Asian shares powered by Intel, yen out of juice

Asian share markets gained for a second session on Wednesday as blockbuster results from tech bellwether Intel Corp seemed to augur well for the U.S. earnings season and for consumer demand globally.

Asian shares cheered on by Intel, yen steps back

Asian share markets gained for a second session on Wednesday as blockbuster results from tech bellweather Intel Corp seemed to augur well for the U.S. earnings season and for consumer demand globally.

Franklin drops out of group eyeing AIG unit: source

U.S. asset manager Franklin Resources Inc has dropped out of a consortium negotiating to buy American International Group Inc's asset management unit, a source familiar with the matter said on Tuesday.

Blackberry for kids? Child asks creators

It took a child to stump the creators of the Blackberry, one of the world's top selling smartphones and a part of most executives' attire.

L.A. blogger sentenced for Guns N' Roses leak

A Los Angeles blogger who leaked new Guns N' Roses songs on the Internet before their official release on the band's first new album in 17 years, was sentenced to two months of home confinement on Tuesday.

Ex-GM CEO Wagoner retires with reduced benefits

Former General Motors Corp Chairman and Chief Executive Rick Wagoner, ousted in March by the Obama administration, will voluntarily retire on August 1 with sharply reduced benefits, the company said on Tuesday.

Ex-GM CEO Wagoner retires with $8.6 mln

Former General Motors Corp Chairman and Chief Executive Rick Wagoner, ousted in March by the Obama administration, will retire in August with a package worth $8.6 million in the first five years, the company said on Tuesday.

US, Korean DDoS Attacks originated from United Kingdom

A Vietnamese security researcher said they discovered the IP address of the master server which was used in attacking the United States and Korean government agency.

Nvidia wins round against Rambus in patent fight

The U.S. Patent and Trademark Office on Tuesday tentatively invalidated several Rambus Inc patents key to the microchip designer's disputes against graphics chip maker Nvidia Corp.

Roche drug blocks common cancer pathway in mice

A experimental drug being developed by Roche blocks a common biological pathway linked to the spread of many cancers and has proved highly effective in mice, scientists said on Wednesday.

Life insurer MetLife combining some U.S. businesses

MetLife Inc, the largest American life insurer, said on Tuesday that it plans to combine some U.S. businesses as part of a revamp it undertook to increase growth opportunities.

Goldman says energy trades hedges, not speculation

Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) on Tuesday portrayed its energy trading as hedging that should be exempt from proposed U.S. government limits on the volume of contracts that speculators can trade.

KFC parent Yum lowers sales view, shares fall

Yum Brands Inc , parent of the Taco Bell, Pizza Hut and KFC chains, cut its full-year forecast for sales on weakness in its two biggest markets, the United States and China, and its shares fell 3.9 percent.

CIT shares rise on hope for aid, restructuring

CIT Group Inc and government officials remained locked in talks on Tuesday as the lender to thousands of small businesses pushed for government aid in its fight to survive.

Wrap up - July 14 - Energy

The U.S. Senate Environment and Public Works Committee chaired by Democrat Barbara Boxer held two separate hearings on climate change legislation today. Crude oil inventories fell by 1.16 million barrels last week. Exxon Mobil Corporation will invest more than $600 million to develop biofuels from photosynthetic algae

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