IBT Staff Reporter

The United States will hit a $14.3 trillion statutory limit on its debt slightly later than previously estimated, the Treasury said on Wednesday as it unveiled a still-hefty debt auction schedule.

Ericsson will launch mobile phone banking services, it said on Wednesday, hoping to capture a big chunk of a market it estimates will be worth an annual 20 billion euros ($27.7 billion) by 2015.

A U.S. appeals court has rejected Verizon Communications's request for a specific panel of judges to hear its challenge to the Federal Communications Commission's new Internet traffic rules.

Top appliance makers Whirlpool and Electrolux are raising prices to pass soaring raw material costs on to customers, but their attempts may not pass muster with bargain-hungry shoppers.

Anti-secrecy website WikiLeaks has been nominated for the 2011 Nobel Peace Prize, the Norwegian politician behind the proposal said on Wednesday, a day after the deadline for nominations expired.

Time Warner Inc forecast better-than-expected 2011 earnings, pointing to the same surge in advertising sales for cable TV programs that powered fourth quarter results.

The S&P 500 index ended lower on Wednesday, with charts suggesting the index's five-month rally was growing long in the tooth.

Hewlett-Packard Co will offer a refund to customers who bought personal computers that use Intel Corp's flawed chips, though the company said only a small fraction of its PCs were affected.

Top appliance makers Whirlpool and Electrolux are raising prices to pass soaring raw material costs on to customers, but their attempts may not pass muster with bargain-hungry shoppers.

The search company unveils a new tablet focused operating system and a browser-based version of the Android market place.

Canada's government will review a regulatory decision that effectively blocks small Internet providers from offering unlimited downloading to customers for a flat fee, a ruling that favors a handful of big carriers.

Stocks stalled on Wednesday, a day after the Dow and the S&P 500 closed above important technical levels and at their highest in about 2-1/2 years.

Available today on the App Store, The Daily will be free to iPad owners for the first two weeks.

Apple Inc said on Wednesday that it would kick off online sales of the Verizon Wireless iPhone on February 9, a day before the device hits its store shelves.

Stocks gained for the second day running on Wednesday with Vodacom (VODJ.J) among the top gainers on upbeat quarterly results while metal prices boosted miners.

The Middle East is headed into the unknown, on that everyone agrees -- but the speed of events in Egypt and elsewhere has left analysts and financial markets struggling to find their bearings.

South African group Pioneer Food said on Wednesday it has withdrawn its offer to buy unlisted wine and spirits maker KWV, after the deal failed to gain support from some KWV shareholders.

South African Mining Minister Susan Shabangu said on Wednesday the government would act to ensure sufficient coal supplies for power generation, but urged industry to sort out the supply problem first.

South African petroleum company Engen is looking to expand in Mauritius after it concluded an agreement on Tuesday to buy Chevron's business in the Indian Ocean island, it said on Wednesday.

Standard Chartered has promoted the head of transaction banking for China to lead the same division in Africa, according to a person familiar with the matter.

Rwanda's economic growth will slow to 7 percent in 2011 from 7.4 percent a year before, while inflation is projected to quicken to an average of 4.4 percent due to oil prices, the finance minister said on Wednesday.

Vodacom, South Africa's largest mobile phone operator, overcame stiff competition to post a 6 percent rise in third-quarter sales, boosted by a surge in mobile data and strong prepaid growth.

Four of the nine Nigerian banks rescued in a $4 billion bailout two years ago are expected to sign agreements with new investors over recapitalisation this month, Central Bank Governor Lamido Sanusi said on Wednesday.

Stocks gained for the second day running on Wednesday with Vodacom among the top gainers on upbeat quarterly results while metal prices boosted miners.

Top home appliances makers Whirlpool Corp and Electrolux are raising prices to pass soaring raw materials costs onto customers and will rely on emerging markets to drive growth.

A cocoa export ban in Ivory Coast and a liquidity shortage since incumbent Laurent Gbagbo seized the central bank's local branch has left the top grower's cocoa industry in chaos, with beans piling up on farms or being smuggled out, farmers said on Wednesday.

Major automakers shut down plants in six Midwest states and Ontario on Wednesday, after a winter storm that swept through the region a day before cut off shipments of parts and raw materials.

K&L Gates has opened a new office in Brussels, Belgium, in its bid to expand its presence in Europe and has poached on two partners from McDermott Will & Emery to lead the office.

Colorado's Secretary of State Scott Gessler has given up his plan of moonlighting at his old law firm to supplement his government salary, after it prompted widespread calls for his resignation.