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Wendy's to serve breakfast in 750 restaurants

Wendy's International Inc said on Wednesday it now expects to serve breakfast in nearly 750 of its restaurants in the United States and Canada by the end of the current third quarter.

Mortgage crisis widens at Accredited, HSBC, Lehman

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The U.S. mortgage and credit crisis deepened on Wednesday, as Accredited Home Lenders Holding Co, HSBC Holdings Plc and Lehman Brothers Holdings Inc announced a total of 3,400 job cuts, as concern mounted about the longer-term impact on the economy.
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Daimler to get its name back in deal with Ford

DaimlerChrysler has paved the way to rename itself Daimler AG by striking a deal with Ford Motor Co to use the name now owned by British brand Jaguar, the companies said on Wednesday.
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Fed cash not reaching mortgage players forcing sales

The Federal Reserve's attempts to provide liquidity in the past few days are not reaching the players who need it since they cannot borrow directly from the central bank, leaving the $7.2 trillion U.S. mortgage bond market struggling to clear the volumes being offered.
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Agency MBS succumbs to global credit squeeze

Tightening global credit markets have taken a toll on U.S. mortgage-backed securities issued by Fannie Mae and Freddie Mac and it will take more than recent Federal Reserve measures to boost liquidity.
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Surge in international travel spurs online battle

Surging growth in international travel is driving revenue increases at the foreign units of U.S. online travel agencies and has spurred heated competition for a bigger slice of the lucrative and expanding market.
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Google CEO says mobile auction bid still probable

Google Inc. is leaning toward bidding in upcoming U.S. mobile phone airwave auctions, despite a partial setback last month from Washington regulators, Chief Executive Eric Schmidt said on Tuesday.
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Yen retreats as carry trade regains favor

The yen fell and high-yielding currencies rose on Wednesday as growing expectations of a U.S. rate cut to ease tight liquidity conditions instilled a sense of calm and prompted investors to reenter risky carry trades.
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Rate cut hopes and deal news lift stocks

Stocks gained on Wednesday, boosted by optimism about renewed deal activity and ongoing speculation the Federal Reserve might cut its benchmark interest rate to calm turbulent financial markets.
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Japan omits China, asks Asian democracies to unite

Japanese Prime Minister Shinzo Abe called on Wednesday for a broader Asia partnership of democracies that would include India, the United States and Australia but leave out the region's superpower, China.
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Indian left ponders how far to push nuclear row

Indian communists sought to forge a consensus on Wednesday over whether to end support to Prime Minister Manmohan Singh's coalition government over a controversial nuclear deal with the United States.
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Nicaragua embargoes Esso assets in tax dispute

A Nicaraguan judge has embargoed assets of U.S. oil company Esso Standard Oil in a tax payment dispute between the government of leftist President Daniel Ortega and the unit of giant ExxonMobil Corp, a government aide said on Tuesday.
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Investors strive to read Fed's intentions

Investors sought to gauge on Wednesday the prospects of a near-term U.S. rate cut to calm a financial storm stemming from America's faltering home loan market, as some experts said the world economy would take a hit.
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Toyota aims to sell 10.4 million vehicles in 2009: paper

Toyota Motor Corp aims to sell around 10.4 million vehicles worldwide in 2009, up 18 percent from last year as it grabs market share in North America and taps growing demand in China and other emerging economies, business daily Nikkei reported on Wednesday.
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Futures rise on rate cut hopes and deal news

Stocks were heading for a higher open on Wednesday on optimism about renewed deal activity and speculation the Federal Reserve might cut its benchmark interest rate to calm turbulent markets.
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Stocks creep up on U.S. rate cut hopes

Most Asian stocks tiptoed higher in early trade on Wednesday, lifted by hopes that the U.S. might cut interest rates to calm turbulent markets, but the stronger yen weighed on Japan's exporters, such as Toyota Motor.
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U.S. money funds seen safe from subprime problems

Experts are reassuring investors that U.S. money market mutual funds, which have gathered about $165 billion in new assets over an eight-week period, are safe from the subprime mortgage problems that have caused steep losses at several hedge funds.

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