IBT Staff Reporter

AT&T Inc's earnings beat expectations on the back of strong iPhone sales, but questions over how much longer it would remain the exclusive U.S. carrier for Apple Inc dampened investor enthusiasm.

U.S. stocks slipped on Wednesday as disappointing outlooks from healthcare companies, including Abbott Laboratories , overshadowed stronger-than-expected earnings from Apple Inc and Morgan Stanley .

The global economy is recovering from recession more quickly than expected but rescue efforts have worsened public finances, and if not reined in, will lead to a debt explosion, the IMF said on Wednesday.

General Motors Co and Chrysler on Wednesday reported progress in their government-financed turnarounds, but the Obama administration still forecasts some loss on the taxpayer bailout of both companies.

A jump in fuel prices poses one major obstacle for the U.S. airline industry's recovery, just as major carriers are starting to feel the benefits of tighter capacity and greater travel demand.

France could become the latest country to examine whether Goldman Sachs Group Inc defrauded investors in marketing a mortgage investment product while the hedge fund that played a key role in the deal moved to head off investor concerns.

Social networking leader Facebook said on Wednesday its user base has swelled to more than 400 million and shows no sign of slowing.

A Senate committee on Wednesday approved a bill aimed at reforming the derivatives market, moving the Senate one step closer to passing sweeping regulation over the $450 trillion derivatives market.

At least 13 brokerages raised their price targets on Apple Inc , a day after its blowout quarterly results, indicating that some on Wall Street expect the stock to gain another 30 percent from already record-high levels.

A U.S. senate committee will consider whether to drop a controversial idea to ban banks from the swaps market in a debate on derivative reform on Wednesday, as efforts to toughen regulation head into the home straight.

AMR Corp , parent of American Airlines, posted a bigger first-quarter loss on Wednesday, saying the weak economy and rising fuel prices represented an obstacle to recovery.

Banks including Wells Fargo & Co reported first-quarter results that showed the loan losses that have plagued the financial sector amid the recession are easing.

U.S. stocks were little changed on Wednesday after losses in healthcare stocks offset strong gains by Apple Inc and Morgan Stanley after they posted higher-than-expected earnings.

Boeing Co , the world's second-largest plane maker, reported a higher-than-expected quarterly profit on Wednesday, despite making fewer deliveries as the company held down costs at its commercial airplane division.

This weekend, in a bout of spring cleaning, I attacked the living room with a wild abandon, taking bric-a-brac and hastily displayed household items, like candles, off shelves to dust.

The value of your tweets. Now that you have set up your Twitter account, what do you tweet in order to get closer to an actual job lead?

Based on an investigation by NSW Health, pollution has been ruled out as the cause of a cluster of brain tumours reported in a Hunter Valley mining town

Based on data released by the Cosmetic Physicians Society of Australasia (CPSA), expenditure for treatments such as anti-wrinkle injections and laser hair removal over 12 months till March 31 was up 30 per cent compared to the same duration early 2009.

The U.S. Federal Reserve said on Wednesday it transferred a record $47.4 billion to the U.S. Treasury in 2009 as a result of its programs to help the economy and financial firms during the financial crisis.

Amarillo Biosciences, local biotech company has been testing its orally administered interferon in the test to study its efficiency in preventing the flu in 200 people in Western Australia.

According to new Australian study, women who eat a lot of processed meats like salami and hot dogs are at a higher risk of ovarian cancer.

Google Inc is in talks to acquire airline IT and services provider ITA Software Inc, Bloomberg reported citing three people familiar with the matter.

AMR Corp , parent of American Airlines, posted a wider-than-expected quarterly loss on Wednesday, saying the jump in fuel prices posed an obstacle to recovery, sending shares down as much as 5.5 percent.

U.S. stocks drifted lower on Wednesday on losses by healthcare and energy stocks, offsetting strong gains by blue chips Apple Inc and Morgan Stanley.

Banks including Wells Fargo & Co reported first-quarter results that showed the loan losses that have plagued the financial sector amid the recession are easing.

General Motors Co has a real possibility of launching an initial public offering by the end of the year, Chief Executive Ed Whitacre said on Wednesday.

Uniformed doormen and apartment building workers reached a deal with New York building owners on Wednesday, narrowly averting a strike that would have left residents running elevators, disposing of trash and doing other chores themselves.

As he filled out forms in a re-employment center in the parking lot of his union hall, 61-year-old repairman Albert Hinojosa spoke about his uncertain future after losing a job he held for almost a quarter of a century.

When the Twin Towers fell on 9/11, the offices of American Express marketers Peggy McHale and Sandi Webster were right across the street.