IBT Staff Reporter

Months of labor conflict have stalled Air Canada's plans for a low-cost carrier, but Canada's biggest airline says it has not given up the idea.

General Motors Co posted a stronger-than-expected quarterly profit as it gained market share in North American and Asian markets, but backed away from its full-year break-even target in Europe due to deteriorating conditions there.

Stock index futures tumbled on Wednesday as a spike in Italian bond yields fueled fears the country will need a bailout, ratcheting up the region's debt crisis to another level.

The State Department is considering rerouting TransCanada Corp.'s proposed $7 billion Keystone XL pipeline to avoid ecologically sensitive areas of Nebraska, a U.S. official said on Tuesday.

Tencent Holdings Ltd, China's biggest Internet company by revenue, reported its slowest profit growth in four years, missing analysts' estimates on softer growth in its casual games and lower margins due to increased investments.

The Volcker rule is too long and complicated and financial lobbyists are to blame, said the man who gave his name to the new regulation on bank trading.

Stock index futures tumbled on Wednesday as a spike in Italian bond yields sparked fears the country will need a bailout, ratcheting up the region's debt crisis to another level.

Applications for U.S. home mortgages surged last week, driven by increased refinancing demand as interest rates dropped, an industry group said on Wednesday.

Even though they are first in line to be paid back under broker liquidation rules, customers of bankrupt MF Global Holdings Ltd's brokerage may not get all their money back.

Private equity firm J.C. Flowers & Co will keep a lot of cash on hand to weather global market turmoil and to stay ready for potential buyout opportunities, founder J. Christopher Flowers said on Wednesday.

Google Inc will continue to offer support to firms using its Android system that are involved in legal disputes, its executive chairman Eric Schmidt said on Wednesday, as the Internet giant looks to cement alliances in the face of toughening competition.

Prime Minister Silvio Berlusconi on Wednesday confirmed he would resign after implementing urgent economic reforms demanded by the European Union, and said Italy must then hold an election, in which he would not stand.

Chelsea are reportedly looking to bring Gary Cahill to Stamford Bridge in January so as to shore up a leaky defence which has only managed two clean sheets in the league this season.

Chinese industrial output in October grew at its weakest annual pace in a year and inflation fell sharply, raising expectations Beijing will do more to support economic growth by fine tuning policy.

The French economy will stagnate in the last quarter of the year, the Bank of France said on Wednesday, the latest sign it is losing momentum as fiscal austerity and Europe's debt crisis depress private sector activity.

Mobile network equipment maker Ericsson said on Wednesday it was sticking to a forecast for market growth made earlier this year and that it was increasing its market share.

Sina Corp, the operator of China's largest Internet portal, swung to a third-quarter loss due to hefty writedowns on investments in two online businesses, and said it does not expect a significant increase in advertising spending next year.

Mobile network equipment maker Ericsson said on Wednesday it was sticking to a forecast for market growth made earlier this year and that it was increasing its market share.

Stock futures pointed to a weaker open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.5 to 0.6 percent.

HSBC Holdings cited a dire outlook for the global economy as it reported a larger-than-expected drop in third-quarter profits, hit by lower investment banking income and a rise in bad debts in the United States.

Political changes at the top of two of the euro zone's most troublesome economies boosted world stocks on Wednesday as investors bet that new brooms may help ease the currency bloc's debt crisis.

Anheuser-Busch InBev, the world's largest brewer, increased profits by more than expected in the third quarter after charging more for the same amount of beer.

Political changes at the top of two of the euro zone's most troublesome economies boosted world stocks on Wednesday as investors bet that new brooms may help ease the currency bloc's debt crisis.

Robin Van Persie's scintillating form for Arsenal has seen top clubs from across Europe linked to the Dutchman, with Inter Milan the latest to be linked to the player.

Rupert Murdoch is going back to his roots, taking up the role of chairman of News Corp's Australian arm at a time when the publisher is battling a hostile government.

Chipmaker Nvidia Corp, rushing to stake out more territory in tablets and smartphones, said its new Tegra 3 processor delivers up to three times the graphics performance of its predecessor and uses 61 percent less power.

Wal-Mart Stores Inc shoppers can now research the trove of product data the world's largest retailer gathers, through a new iPad app and updated app for Apple Inc's iPhone.

Wal-Mart Stores Inc shoppers can now research the trove of product data the world's largest retailer gathers, through a new iPad app and updated app for Apple Inc's iPhone.

Cable companies will offer high-speed Internet service to low-income families at around a fifth of the national average price, the top U.S. communications regulator will announce on Wednesday.