IBT Staff Reporter

The top U.S. securities regulator wants more feedback on its nearly year-old proposal to ban flash orders, and has asked additional questions about the wisdom of the ban in the options market.

U.S. stocks logged their best one-day gain in about six weeks on Wednesday after a bullish forecast from financial company State Street Corp fueled optimism about the coming earnings season and helped the S&P 500 break above a major resistance level.

A government program to bail out banks at the height of the financial crisis has so far turned a profit, according to a report by investment bank Keefe, Bruyette & Woods Inc.

Hollywood directors Ridley Scott and Kevin Macdonald will pull together video from YouTube users for a documentary that captures for future generations the global community in one day, YouTube said on Wednesday.

Goldman Sachs Group and Morgan Stanley have generated billions of dollars of revenue from fixed income trading over the last year, but that profit engine may have sputtered in the second quarter as bond markets grew turbulent.

Stress tests on European banks need to mark down the value of Greek government debt by about 16 percent, sources said, as regulators haggled over how much detail to reveal about the health checks.

Google's application to renew its webpage license in China is currently under review with no set deadline, a government official said on Wednesday.

Citigroup Inc has agreed to sell its private equity unit to Lexington Partners for more than $900 million, PE Hub said on Wednesday, citing multiple sources.

AT&T Inc and network equipment maker Alcatel Lucent have found a software defect that cuts speeds for customers looking to send data from the Apple Inc iPhone 4 or from laptop modems.

The U.S. offshore oil drilling ban will reduce crude output by an average of 82,000 barrels per day next year, more than previously estimated, the government's top energy forecaster said on Wednesday.

Family Dollar Stores Inc forecast a quarterly profit below analysts' estimates, sending its shares down 8 percent, as it faces an uncertain economy and increased discounting by rival Wal-Mart Stores Inc .

BP Chief Executive Tony Hayward met representatives of Abu Dhabi government investment body Mubadala Wednesday after discussions with the Abu Dhabi Investment Authority .

Borders Group Inc's electronic bookstore went live on Wednesday, and the company set an ambitious target to secure 17 percent of the digital book market in one year, sending its shares up more than 9percent.

Borders electronic bookstore went live on Wednesday, and the head of the company's bookselling business predicted that it would quickly win a sizable piece of the fast-growing sector.

The S&P 500 index briefly rose 2 percent on Wednesday, rebounding from recent losses as a bullish earnings forecast from State Street Corp encouraged investors ahead of the earnings season.

A woman, whose face was severely burned during the bombing of trains and buses in London five years ago, showed her new, healed face to the public on Tuesday.

U.S. stocks advanced more than 1 percent on Wednesday, rebounding from recent losses as a bullish earnings forecast from State Street Corp encouraged investors going into the earnings season.

The U.S. economic recovery is slowing, but the Federal Reserve does not need to do more to help it along, Dallas Fed President Richard Fisher said on Wednesday.

European regulators haggled over how much detail to reveal about health checks on the region's lenders in a fight that may undermine the exercise's aim of restoring confidence.

Toyota Motor Corp will extend the time it takes to develop its vehicles by an average of four weeks in a bid to ensure quality following a string of high-profile recalls

Millions of gallons/liters of oil have spewed into the Gulf of Mexico since an April 20 explosion on a drilling rig triggered the worst spill in U.S. history.

Jennifer Lopez has entered a diplomatic minefield on ethnically split Cyprus after agreeing to perform in its Turkish-held north, stirring anger among thousands of Greek Cypriots.

Toyota Motor Corp said on Tuesday it had received reports more than three years ago of faulty engine valve springs at the center of a U.S. recall of nearly 139,000 luxury Lexus vehicles it announced last week.

Volkswagen Group sold more than 3.5 million cars to customers world wide in the first half of 2010, the company's chief executive said on Tuesday.

Sirius XM Radio Inc added about 583,000 net subscribers in the second quarter, bringing its total base to 19.5 million as healthier car sales lifted demand for satellite radio.

The euro fell from seven-week highs against the dollar on Wednesday on concerns about the growth outlook for the global economy and plans to test the financial health of European banks.

Stocks advanced more than 1 percent on Wednesday as a bullish earnings forecast by institutional investor State Street Corp lifted bank shares and higher crude oil prices boosted the energy sector.

Oil prices rose on Wednesday after six straight sessions of losses, lifted by hopes of a strong earnings season and expectations data will show a drop in U.S. crude inventories.