IBT Staff Reporter

Andy Murray's preparations for the US Open were dealt a huge blow by South African Kevin Anderson at the Montreal Masters.

Standard & Poor's, whose unprecedented downgrade of U.S. debt triggered a worldwide stocks sell-off, is pushing back against a U.S. government proposal that would require credit raters to disclose significant errors in how they calculate their ratings.

Stock index futures fell on Wednesday after a sharp snap-back rally in the last session and as investor fears about the economy and high levels of public debt looked set to generate more volatile trading.

Such is Chelsea's desire to sign Luka Modric that they're prepared to offer Yossi Benayoun to Tottenham - the only Chelsea player who has shown chemistry with the yet-to-impress striker Fernando Torres.

Stock index futures fell on Wednesday after a sharp snap-back rally in the last session as investor fears about the economy and high levels of public debt looked set to generate more volatile trading.

Facebook has come up with a new instant messaging service for mobile phones. It was announced on Tuesday on the company's blog. This application for iPhones and Android devices allows the users to contact their individual Facebook friends or group of people. As of now it is only available in the United States but soon it will be rolled out in other countries.

Samsung's Galaxy S2, with its impressive specifications and ultra-thin design, has left customers salivating. But while U.S. customers are still gearing up for the phone's arrival, a new report suggests that an LTE model is also under wraps.

The world's biggest food group Nestle raised its full-year outlook on Wednesday after strong demand for its Maggi and Nescafe brands in emerging markets helped it post a forecast-beating 7.5 percent rise in underlying first-half sales.

The Swiss National Bank launched new measures on Wednesday to fight a surge in the franc that is strangling the export-dependent economy but will probably have to resort to more drastic steps as investors seek a safe haven from global woes.

Arsenal are close to selling Samir Nasri to Manchester City, but have risked naming both Nasri and Cesc Fabregas in their Champions League squad for the qualifier against Udinese.

The words 'pensioner's paradise' might no longer a reality for many elderly people as most pension schemes are losing sheen. The final salary based-pensions that are indirectly dependent on the stock market might go for a toss and keep the pensioners at bay due to the sharp fall in the markets.

British Actor John Wood, who won a Tony Award in 1976 and acted in several films and television programs, died peacefully in his sleep on Saturday, his agent said. He was 81.

HSBC is selling its U.S. credit card arm to Capital One Financial Corp in a $32.7 billion deal as Europe's top bank streamlines its mammoth operations.

A 12-year-old boy, who was not expected to survive after he spent 20 minutes in a Pacific Ocean riptide before he was rescued, is making an amazing recovery in a Portland Hospital.

Just days after launching revamped versions of BlackBerry Torch and Bold models which optimize the BlackBerry OS 7, reports are filtering in which suggest that RIM will launch its first QNX-based smartphone in Q1, 2012.

Stock index futures pointed to a lower open on Wall Street on Wednesday following the previous session's rally, with futures for the S&P 500 down 1.0 percent, Dow Jones futures down 0.9 percent and Nasdaq 100 futures down 0.9 percent at 4:33 a.m. EDT.

The Swiss National Bank said on Wednesday it would significantly boost Swiss franc supply in coming days and conduct swap transactions to counter a new jump in the safe-haven currency, but it stopped short of direct intervention.

Rihanna, Lady Gaga, Madonna, Shakira, Britney Spears, Justin Beiber and other top names in the music industry have signed up for helping Africa. They are urging other celebrities to join the social media campaign to help with the ongoing food crisis in East Africa.

China's exports hit a record high in July as shipments to Europe and the United States proved surprisingly buoyant, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.

Goldman Sachs said on Wednesday a third round of quantitative easing from the Federal Reserve is likely after the U.S. Federal Reserve promised to keep rates at extraordinarily low levels for at least two more years.

Asian stocks clawed back some lost ground on Wednesday, following a rebound in U.S. shares, after the Federal Reserve made an unprecedented pledge to keep interest rates near zero for at least two years, stemming a global equity rout for the time being.

Manchester United are close to finally signing Wesley Sneijder from Inter Milan, according to reports claiming that a deal is just two days away.

HSBC is selling its $30 billion U.S. credit card arm to Capital One Financial Corp for a premium of $2.6 billion, as Europe's top bank streamlines its mammoth operations by getting rid of unwanted businesses.

World shares bounced back strongly from recent losses on Wednesday as investors took comfort from the Federal Reserve's pledge to keep interest rates near zero for two more years.

An American spy novelist is disputing the details of the raid that took down the world's "Most Wanted" terrorist leader Osama bin Laden

China's exports were surprisingly buoyant in July as shipments to top trade partner Europe jumped by the most in at least a year, allaying concerns that debt problems abroad may hold back the world's No. 2 economy.

HSBC Holdings plc has agreed to sell its U.S. credit card and retail services unit to Capital One Financial Corp for a premium of about $2.6 billion, as Europe's top bank streamlines its mammoth operations by shedding non-core businesses.

The world's biggest food group Nestle raised its full-year outlook after strong demand for its Maggi and Nescafe brands in emerging markets helped it post a forecast-beating 7.5 percent rise in underlying first-half sales.

HSBC Holdings plc has agreed to sell its U.S. credit card and retail services unit to Capital One Financial Corp for a premium of about $2.6 billion, as Europe's top bank streamlines its mammoth operations by shedding non-core businesses.