Bernanke to outline exit path to skeptical Congress
Ben Bernanke may have cleared the hurdles to his confirmation for a second term as Federal Reserve chairman, but that does not mean lawmakers will be any friendlier to him at high-profile hearings on Wednesday and Thursday.
U.N. narcotics board warns of prescription drug abuse
The International Narcotics Control Board (INCB) also pointed to a rise in the use of so-called date rape drugs, as sexual abusers try to get around more rigorous controls with substances not banned by international drugs laws.
RR Donnelley to buy Bowne for $481 million
Printing services firm RR Donnelley & Sons Co has agreed to acquire Bowne & Co Inc, which helps companies print regulatory filings, for $481 million.
Woman has 2 babies in first for ovarian transplant
Claus Yding Andersen, the Danish doctor who treated the woman, said the case showed how this method of storing ovarian tissue was a valid method of fertility preservation and should encourage the technique to be used more in girls and young women facing treatment that may damage their ovaries.
Seahawk posts narrower-than-expected Q4 loss
Seahawk Drilling Inc posted a narrower-than-expected quarterly loss, helped by lower costs, and said it sees deamand improving for jackups.
Pakistan receives $349.3 million from U.S.
Pakistan received on Wednesday $349.3 million from the United States as part of a fund to help the U.S. ally sustain efforts to fight Islamist militancy, a central bank official said on Wednesday.
WHO to assess whether H1N1 has peaked within weeks
The WHO's emergency committee decided on Tuesday that it was premature to declare the pandemic, which was declared in June and was the first in more than 40 years, was past its worst.
BOJ Yamaguchi says ready to act as deflation weighs
Bank of Japan Deputy Governor Hirohide Yamaguchi said the central bank was ready to act to beat deflation, leaving room for more monetary easing amid a steady drumbeat of government pressure for BOJ steps to support the economy.
Stock futures edge higher as Bernanke awaited
U.S. stock index futures pointed slightly higher on Wednesday as investors awaited congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the U.S. central bank's thinking on the economy.
Thomson Reuters quarterly profit falls
Thomson Reuters Corp reported a lower quarterly profit and said it expects 2010 revenue to be flat or to fall slightly because of the impact of negative net sales last year.
Karzai criticized over Afghan poll watchdog move
Afghanistan's main opposition on Wednesday criticized President Hamid Karzai's removal of foreign observers from a U.N.-backed electoral watchdog as autocratic and urged international pressure to ensure impartial elections.
World trade contracted 12 percent in 2009: WTO's Lamy
Global trade contracted by about 12 percent in 2009 but has started to pick up, the head of the World Trade Organization said on Wednesday.
Supreme Court: Companies are based where execs are
The U.S. Supreme Court said a corporation's principal place of business is where its top executives work, typically at the corporate headquarters, rather than where its products or services are sold.
U.S. grilling to test Toyota chief's mettle
Two days after his appointment as president of Toyota Motor Corp last June, Akio Toyoda delivered his vision for steering the company founded by his grandfather.
Futures point higher; focus on Bernanke
U.S. stock index futures pointed higher on Wednesday as investors awaited congressional testimony from Federal Reserve Chairman Ben Bernanke for clues to the U.S. central bank's thinking on the economy.
Obama to appeal to business chiefs on job creation
President Barack Obama will appeal to U.S. business leaders on Wednesday to back his push to create jobs as he defends his agenda against conservative critics seeking to paint him as a big spender.
Greek strike grounds flights, shuts ministries
A nationwide strike grounded flights, trains and ferries in Greece on Wednesday as thousands rallied in Athens to protest austerity plans aimed at wrenching Greece out of a debt crisis that has shaken the euro zone.
Democrats: Say Goodbye to Wall Street?
U.S. banks and investment firms transferred their political contributions to Republicans in 2009 as Democrats in Washington put the focus on big bonuses, huge profits and tight lending, The Washington Post reported on Wednesday.
Google execs convicted in Italy for Down syndrome video
A Milan court has convicted three Google Inc executives for the 2006 transmission of a video showing the bullying of a youth with Down's syndrome, the judge in the case told Reuters on Wednesday.
Google faces EU scrutiny after complaints
European Union antitrust regulators are looking into complaints filed by three online companies against Google that may lead to a formal investigation into the search-engine giant's business practices.
Google calls Italy ruling 'threat to web'
Google said on Wednesday that a ruling against its top Italian executives attacks the principles of freedom of the Internet and poses a serious threat to the web.
Google scraps China leg of Nexus One event
Google Inc has scrapped the China leg of a regional event to show software developers its first smartphone, the Nexus One, in Beijing, its second such move following its threatened pull-out from the country.
Wall St index futures fall; focus on Bernanke
Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.2 to 0.3 percent, pointing to a weaker start for equities on Wall Street on Wednesday.
Hyundai recalls new Sonata due to lock faults
Hyundai Motor will recall 47,000 of its new Sonata sedans to fix faulty door latches, seeking to avoid the damaging criticism Japanese rival Toyota Motor Corp faces for its handling of a series of safety problems.
EU says looking into 3 complaints against Google
European Union antitrust regulators said on Wednesday they were looking into complaints filed by three online companies against Google.
European shares up a tad, buck global equities
European stocks eked out small gains on Wednesday against a background of investor caution globally following a dip in U.S. consumer sentiment.
Blockbuster exploring strategies to claw back: report
Blockbuster Inc has hired a law firm and an investment bank to explore how the video rental firm can cut its $1 billion debt load, the Wall Street Journal reported on Wednesday.
Viewers get a channel of their own on Cablevision
New Yorkers who want to watch online videos or family photos on their TVs will soon be able to do so on their own personal TV channel if they are Cablevision Systems Corp subscribers.
Asia shares fall on U.S. jitters, Bernanke eyed
Asia shares fell on Wednesday as surprise declines in U.S. consumer confidence and German business sentiment fueled fears about the strength of the global economic recovery and boosted the safe-haven yen.
Toyota chief faces grilling by U.S. congress
Toyota Motor Corp's president braced for tough questions from a U.S. congressional panel on Wednesday after the Japanese automaker conceded it had let safety standards slip and could still not explain most incidents of unintended acceleration.