IBT Staff Reporter

J.C. Penney Co Inc took a stake in Martha Stewart Living Omnimedia Inc and plans to open Martha Stewart shops within its stores, in the first big deal announced by its new chief executive as he tries to turn the department store chain around.

EU antitrust regulators are set to accept concessions offered by International Business Machines Corp and end an antitrust investigation, averting a possible fine, this month, two sources familiar with the matter said on Wednesday.

AT&T Inc plans to forge ahead with its deal to buy Deutsche Telekom's U.S. wireless unit despite fierce regulatory opposition, and it has the financial resources to close the acquisition quickly, a top executive said on Wednesday.

Megabus announced on Twitter they are giving away 200,000 free express bus tickets with a promotional code. Hurry and book now before they're gone!

Stocks were little changed in choppy, light trading on Wednesday as investors weighed high expectations about an upcoming euro zone summit against headline-driven selling.

Treasury Secretary Timothy Geithner spoke with ECB President Mario Draghi and IMF Managing Director Christine Lagarde by telephone on Wednesday during a whirlwind round of diplomacy ahead of an EU summit, a U.S. Treasury official said.

The U.S. offshore drilling safety agency on Wednesday issued five more citations against BP for its oil spill in the Gulf of Mexico last year.

Stocks were little changed in choppy, light trading on Wednesday as investors weighed high expectations about an upcoming euro zone summit against headline-driven selling.

Citigroup began a round of layoffs among its London-based investment bankers this week, with jobs in advisory, equities and fixed income set to go as the bank readies 4,500 redundancies worldwide.

Congressman Barney Frank on Wednesday asked his colleagues to hold a hearing on alleged mortgage abuses at Ally Financial, a day after the attorney general from his home state of Massachusetts requested that lawmakers investigate.

EU antitrust regulators are set to accept concessions offered by International Business Machines Corp and end an antitrust investigation this month, averting a possible fine, two sources familiar with the matter said on Wednesday.

Arsenal manager Arsene Wenger has revealed his dream-buy to be Santos star Neymar.

France and Germany want a new EU framework to speed up progress towards a common corporate tax base and a financial transaction tax as well as convergence of financial regulation and labor market policies, a Franco-German letter sent on Wednesday to European Council President Herman Van Rompuy showed.

J.C. Penney Co Inc bought a 16.6 percent stake in Martha Stewart Living Omnimedia Inc and will build mini-stores under that brand in a deal new Chief Executive Officer Ron Johnson called a key centerpiece in the company's transformation.

Deutsche Boerse AG and NYSE Euronext could spin off parts of their derivatives arms to create a third-party competitor as a way to allay anti-trust concerns about their $9 billion merger, two sources familiar with the Boerse's thinking said.

Halliburton Co on Wednesday disputed BP Plc's allegations in a court filing that it had destroyed evidence related to its cement work on the Gulf of Mexico well that blew out last year.

Online sales climbed 15.6 percent in November and are doing well so far in December, as shopping from computers, tablets and mobile phones gain in popularity, according to data released by IBM Benchmark on Wednesday.

J.C. Penney Co Inc bought a 16.6 percent stake in Martha Stewart Living Omnimedia Inc and will build mini-stores under that brand in a deal new Chief Executive Officer Ron Johnson called a key centerpiece in the company's transformation.

Research In Motion has unceremoniously dumped the BBX brand name it had chosen two months ago for its new BlackBerry operating system after a U.S. court embarrassed the beleaguered smartphone maker by slapping a temporary ban on its use.

The St. Louis-based agricultural chemicals and biotechnology company now expects ongoing EPS guidance in the range of $0.15 to $0.20 for the quarter, up from the previous guidance of $0.10 to $0.15 and exceeding analysts' consensus of $0.13.

The new NBA labor deal may favor the small-market teams, but the national TV schedule will still be loaded with the league's big fish.

Nina Simone's daughter is suing her father for $155 million, claiming that he improperly obtained and transferred ownership of numerous items belonging to the singing icon, including master recordings, personal writings, diaries, letters, photos and other personal possessions.

Authorities on Tuesday identified the body of a young woman who plunged to her death over a 317-foot waterfall in Yosemite National Park with two friends in July.

Bane is no Joker. But will that matter for The Dark Knight Rises?

The Los Angeles Dodgers said late on Tuesday it has filed a motion with a U.S. bankruptcy court to approve its settlement with Major League Baseball, which would kickstart the sale of the bankrupt team.

Actress Octavia Spencer seemingly came out of nowhere to steal this summer's sleeper hit, The Help, about a group of African American maids in the early 1960s working in white households in Mississippi.

Anti-Wall Street protesters, seeking a new focus as cities across the country shut down two-month old Occupy encampments, launched a new wave of activism on Tuesday by rallying around homeowners as they try to resist evictions from foreclosed homes.

Adriana Garcia won't be buying her family Christmas gifts this year.

Journey 2 doesn't hit theaters until February 10, but the movie tested well over the weekend, and New Line has attached the film's team to Journey 3 -- if there is such a movie -- TheWrap has learned.