IBT Staff Reporter

Top central bankers present and past on Wednesday joined forces against a plan to strip the Fed of its oversight of smaller banks, saying the knowledge it gains from that role is vital to monetary policy.

Lawyers seeking civil damages against Toyota Motor Corp on behalf of U.S. consumers for diminished resale value of recalled vehicles are broadening their cases to add racketeering claims against the automaker.

Investment news website TheStreet.com Inc said on Wednesday the U.S. Securities and Exchange Commission was investigating the company over the way it recorded revenue at a former subsidiary.

Nike Inc posted a return to sales and profit growth on Wednesday and forecast higher expected orders around the world after a year of declines, sending its shares up more than 3 percent.

Google Inc's Nexus One smartphone will soon be available to subscribers of Sprint Nextel Corp, the second U.S. wireless service provider to announce an agreement to support the touchscreen phone.

Tiger Woods return to pro golf for the Masters tournament next month is being celebrated by more than fans as EA Sports will launch the final commercial version of its online golf game named after the world's top golfer that week, the company's president said on Wednesday.

The Australian Dollar opens higher today at 0.9220. In the absence of any local economic data yesterday, traders were content to play the ranges and the currency was quickly sold when it attempted to dip its toe in the water at US92 cents.

Top central bankers present and past on Wednesday joined forces against a plan to strip the Fed of its oversight of smaller banks, saying the knowledge it gains from that role is vital to monetary policy.

A bankruptcy judge said on Wednesday Lehman Brothers Holdings Inc could delay until mid-April filing a detailed disclosure statement for its proposed plan to end its bankruptcy.

A package of tax breaks and highway spending cleared the Congress on Wednesday, the first of what Democrats hope will be several efforts to bring down unemployment rate.

Investment news website TheStreet.com Inc said on Wednesday it was being investigated by the U.S. Securities and Exchange Commission.

China on Wednesday rejected criticism of its exchange rate policies and said it was being made a scapegoat after the U.S. Congress threatened to slap duties on Chinese goods unless it revalues its yuan.

Mobile apps will outsell CDs by 2012 as the total value of the market could grow to $17.5 billion, according to a new report released Wednesday.

Stocks gained on Wednesday, pushing the Dow to a 17-month high, after a benign February inflation reading supported the Federal Reserve's renewed pledge of low interest rates.

Nike Inc posted a net profit that beat analyst expectations, fueled by fewer clearance sales of merchandise and improving sales around the world, sending its shares up more than 3 percent.

The three major U.S. indices rallied to new 2010 highs on Wednesday, with the Dow Jones Industrial Average finally surpassing its January 19 peak.

Growing up in Ghana, Ashifi Gogo was amazed that he could surf the Internet on his mobile phone from anywhere, but couldn't always get clean tap water to drink. The only state-of-the-art infrastructure we have is our cellphone network,

U.S. producer prices in February posted their biggest fall in seven months as energy costs tumbled, validating the Federal Reserve's decision to hold interest rates very low on evidence of tame inflation.

Nike Inc , the largest global sporting gear maker, posted a net profit that beat analysts' expectations, helped by fewer clearance sales of merchandise and improving sales around the world.

Boston Scientific Corp. could be selling implantable heart rhythm devices again within 30 days if no new issues arise beyond the paperwork problems revealed this week.

Lara Lewis used to be a stressed-out single mother whose teaching job left her little time for her young daughter, but now she works from home, selling an estimated $60,000 a year worth of jewelry online.

JimmyJane, a startup that makes vibrating sex toys, raised $2 million from investors, according to a recent regulatory filing.

A new version of a cybersecurity bill was introduced in the Senate on Tuesday that may eliminate some opposition to the measure from the tech industry.

Sprint Nextel will unveil a cellphone from HTC Corp next week that will be the first to support WiMax, Sprint's fastest wireless service, according to analysts.

A Lehman Brothers bankruptcy examiner's report will help securities regulators in their investigation of large financial firms involved in the Wall Street meltdown, a top regulator said on Wednesday.

Twelve people in a Christian village in Central Nigeria were killed Wednesday morning by attackers with machetes who set fire to homes and fired gunshots into the air.

Stocks climbed on Wednesday, pushing the Dow to a recovery high, after a benign February inflation reading buttressed the Fed's renewed vow of low interest rates.

A bankruptcy judge said Lehman Brothers Holdings Inc could delay until mid-April filing a detailed disclosure statement for its proposed plan to end its bankruptcy.

It's frightening that one in four Australian children is overweight, says former Olympic champion Cathy Freeman, and she counts herself lucky to have grown up a healthy and active kid.