IBT Staff Reporter

A proposed 30 percent minimum tax on millionaires backed by President Barack Obama - dubbed the Buffett tax after investor Warren Buffett who supports it - would raise about $47 billion over a decade, according to a congressional report.

The maker of the hit mobile game Angry Birds has struck a deal with Wal-Mart Stores Inc to embed clues to a new version of the game in merchandise sold in Walmart stores, hoping to lure Angry Birds fans through the doors and shoppers to the game.

Activist hedge fund Third Point on Wednesday filed a proxy statement with regulators seeking to install its own slate of directors on Yahoo Inc's board after criticizing the Internet company's recent appointees to the board.

Stocks opened little changed on Wednesday as investors awaited data on the housing market a day after the S&P 500 snapped a three-day winning streak.

U.S. stocks were poised for a slightly higher open on Wednesday ahead of data on the housing market a day after the S&P 500 snapped a three-day winning streak.

Google Inc's Chrome web browser overtook Microsoft Corp's Internet Explorer to become market leader globally for the first time last Sunday, web analytics firm StatCounter said on Wednesday.

Chevron, the No. 2 U.S. oil company, said Wednesday that oil from the latest leak in a Brazilian offshore field was not chemically related to oil from a November spill.

Generali , Europe's No.3 insurer, is targeting operating profit of more than 5 billion euros ($6.6 billion) in the mid term as it sees no repeat of the dramatic market shocks that prompted big writedowns in the past year.

General Mills Inc posted a quarterly profit in line with Wall Street expectations and stood by its lowered full-year forecast as it faces higher costs for raw materials.

U.S. stock index futures rose on Wednesday ahead of data on the housing market a day after the S&P 500 snapped a three-day winning streak.

Scott Kluth has a love-hate relationship with his new Fisker Karma luxury electric sedan.

Stock index futures pointed to a higher open on Wall Street on Wednesday, with futures for the S&P 500 up 0.4 percent, Dow Jones futures up 0.2 percent and Nasdaq 100 futures also up 0.2 percent at 5 a.m. E.D.T. (0900 GMT)

Japan's scandal-hit Olympus Corp on Wednesday unveiled three new medical products it hopes will help it out of the crisis left by a huge accounting fraud which erupted last year, threatening to destroy the 92-year-old firm.

When Chinese car maker Geely bought Volvo 18 months ago, some predicted a government which has made it a priority to buy or build high-end international brands would roll out the red carpet for the country's first fully-owned premier marquee.

Italian group Generali , Europe's No.3 insurer, said on Wednesday it was targeting a mid-term operating profit of more than 5 billion euros ($6.6 billion), compared with the 3.9 billion it made in 2011.

Emirates Aluminium , a joint venture between Abu Dhabi's Mubadala and Dubai Aluminium , is looking to double its exports to the United States by the end of 2012 as demand from the automotive industry rises, it said on Wednesday.

A counteroffensive of sorts may be underway this year in what has seemed like a one-sided global currency war as developing economies slow, western money-printing pauses and the heat comes out of pumped-up emerging market currencies.

Angry Birds maker Rovio is teaming up with a major U.S. retail chain to sell its merchandise, and plans to open themed activity parks in Britain, as it continues to expand beyond mobile games to establish a Disney-style brand, it said on Tuesday.

U.S. bank JPMorgan has agreed to buy a 19.9 percent stake in Chinese trust company Bridge Trust Co, according to media reports.

Angry Birds maker Rovio is teaming up with a major U.S. retail chain to sell its merchandise, and plans to open themed activity parks in Britain, as it continues to expand beyond mobile games to establish a Disney-style brand, it said on Tuesday.

The private equity group co-founded by Irish rock star Bono has approached investors seeking $1 billion for its second fund, buoyed by its success with investments in Facebook Inc and Yelp Inc, a person familiar with the matter said on Tuesday.

Oracle Corp beat Wall Street's earnings estimates as new software sales came in at the high end of the company's forecast, offsetting a sharp drop in hardware revenue.

The Internal Revenue Service is staffing up with high-powered talent to crack down on companies shifting profits from country to country to lower their tax bills, a strategy the agency has targeted before with only limited success.

Oracle Corp beat Wall Street's earnings estimates as new software sales came in at the high end of the company's forecast, offsetting a sharp drop in hardware revenue.

The United States on Tuesday dealt a blow to U.S. manufacturers of solar panels and boosted shares in their Chinese rivals when it imposed preliminary punitive duties of less than 5 percent on imports from China.

Handset maker HTC Corp's Beats Electronics is close to buying the digital music subscription service MOG for an undisclosed sum, according to a person close to the talks.

Technology giant Oracle Corp said quarterly sales of new software rose 7 percent from a year earlier to $2.4 billion, at the high end of its own forecast.

Technology giant Oracle Corp said quarterly sales of new software rose 7 percent from a year earlier to $2.4 billion, at the high end of its own forecast.

A warning about China's growth sparked selling in energy and industrial shares on Tuesday, but the broad market's losses were contained, a sign of resilience for U.S. stocks.