IBT Staff Reporter

Motorola Mobility Holdings Inc sold slightly fewer smartphones than expected in the fourth quarter and said it was already feeling pressure from new competition from the Apple Inc iPhone, sending its shares down 6 percent.

Motorola Mobility Holdings Inc sold slightly fewer smartphones than expected in the fourth quarter and forecast a net loss in the current quarter, as it faces new competition from the Apple Inc iPhone, sending its shares down 6 percent.

Engadget has gotten a hold of the Xperia Play, a smartphone not expected to make its debut until next month's Mobile World Conference

Motorola Mobility Holdings Inc posted a profit for the fourth quarter, but its shares fell almost 4 percent after it warned it would revert to a loss again in the current quarter, as it faces new competition from the Apple Inc iPhone.

Bob VanSickle was a lifelong New Jersey resident, but when he left after 52 years for what he calls kinder, gentler New Hampshire, he never looked back.

Starbucks Corp forecast full-year earnings below analysts' expectations as the company expects rising coffee prices to hit profits more than it previously thought.

(Company corrects to narrow fiscal 2011 forecast range in second bullet and fifth paragraph. The information first appeared in UPDATE 2. Changes headline due to space considerations)

Ford Motor Co is recalling about 525,000 older model Windstar minivans in cold-weather areas because corrosion could cause a separation of parts under the vans that might reduce steering control, company and federal government officials said on Wednesday.

The S&P 500 closed at a 29-month high on Wednesday led by gains in tech and commodity shares, as investors largely ignored the U.S. Federal Reserve's lukewarm economic assessment.

Motorola Mobility Holdings Inc warned it would post a quarterly loss again in the current quarter, as it faces new competition from the Apple Inc iPhone, sending its shares down almost 6 percent.

Netflix reports it has 20.01 million subscribers, a 63 percent increase from a year ago.

President Barack Obama and members of Congress agree that cutting the federal deficit is important but what should be cut and by how much is the debate ahead as the next budget battle takes shape.

Boeing Co. E.I. du Pont de Nemours and Co. drive Dow to highest point since June 2008.

Xerox Corp issued a first-quarter profit forecast that was at the low end of Wall Street estimates and announced the retirement of its longtime finance chief, sending its shares down 8 percent.

Eastman Kodak Co reported a far larger-than-expected quarterly loss and a 25 percent drop in revenue on weakness in digital and licensing sales, sending shares down more than 7 percent.

U.S. stocks rose on Wednesday with the S&P 500 hitting a 29-month high, led by gains in commodity and tech shares after the U.S. Federal Reserve gave a lukewarm economic assessment.

Following is the Federal Open Market Committee's statement on interest rate policy issued at the close of its meeting on Wednesday:

The S&P 500 closed at a 29-month high on Wednesday, led by gains in commodity and technology shares, as investors largely ignored the U.S. Federal Reserve's lukewarm economic assessment.

History has shown that the ratio between the median cost of a new home and the median household income in the U.S. is a key indicator of how the overall economy will perform.

Investors fearful that high-flying stocks may be set for a drubbing will be eyeing Netflix's earnings with their fingers on the sell button on Wednesday afternoon.

The S&P 500 closed at a 29-month high on Wednesday led by gains in tech and commodity shares, as investors largely ignored the U.S. Federal Reserve's lukewarm economic assessment.

South Korea today proposed a time and place to meet with North Korea, following an agreement the nations reached last week to resume talks. The meeting is projected to take place on Feb. 11 in the Demilitarized Zone that separates the two nations.

Up to 10 companies in the hot clean tech sector will go public in multibillion dollar offerings this year and as many will be acquired in equally significant deals, VantagePoint Venture Partners Chief Executive Alan Salzman told Reuters.

Up to 10 companies in the hot clean tech sector will go public in multibillion dollar U.S. offerings this year and as many will be acquired in equally significant deals, VantagePoint Venture Partners Chief Executive Alan Salzman told Reuters.

The famous 20-year-old telescope spots an ancient galaxy approximately 13.2 billion years old.

Apple removed a notorious anthem of the Nazi Party from the German version of its iTunes online music store on Wednesday, a German spokesman for the U.S. firm told Reuters.

It is realistic that the U.S. Treasury will sell all of its General Motors Co stock within a year, the Wall Street Journal reported on Wednesday, citing an unnamed Treasury official.

The S&P 500 closed at a 29-month high on Wednesday, led by gains in commodity and technology shares, as investors largely ignored the U.S. Federal Reserve's lukewarm economic assessment.

After a shock quarter-final loss to David Ferrer in the Australian Open, World No. 1 Rafael Nadal revealed that he was still uncertain about the injury that had deprived him from playing at his highest level.