IBT Staff Reporter

The International Trade Commission said it launched an investigation of Research In Motion and Apple smartphones that contain digital cameras after receiving a complaint from Eastman Kodak Co.

Walgreen Co will buy Duane Reade for $618 million in cash, catapulting the largest U.S. drugstore operator into the top spot in New York City and raising the stakes for rivals like CVS Caremark Corp .

The Federal Reserve should sell its U.S. mortgage-backed securities holdings sooner rather than later as the economic recovery gathers steam in order to extricate itself from fiscal policy, a senior central bank official said on Wednesday.

EBay would consider acquisitions in the $5 billion Russian online retail market to help maintain a foothold in the country, Chief Executive John Donahoe said.

Benjamin F. Edwards & Co recruited a team of veteran A.G. Edwards financial advisers from their new owners, Wells Fargo & Co.

The fate of the U.S. Securities and Exchange Commission's $150 million accord with Bank of America Corp over the Merrill Lynch & Co takeover hung in the balance as a federal judge sought help in resolving striking inconsistencies in events leading up to the merger.

A 0.5% rise in the December leading index report produced by Westpac had little influence on the Aussie dollar during yesterday's local session as it remained range bound between 0.9000 and 0.9025 for the majority of the day.

The U.S. International Trade Commission said it launched an investigation of Research In Motion and Apple mobile telephones that contain digital cameras after receiving a complaint from Eastman Kodak Co.

Stronger-than-expected corporate results and upbeat economic data drove U.S. stocks higher on Wednesday as they fed expectations the recovery will bolster corporate profits.

Several Federal Reserve policymakers want to begin selling securities relatively soon to cut back on the massive amount of cash they have poured into the financial system, the U.S. central bank said on Wednesday.

Greek Prime Minister George Papandreou said on Wednesday his debt-stricken country was not seeking European taxpayers' money but needed a breathing space to cut its budget deficit and borrow on normal conditions.

Several Federal Reserve policymakers want to begin selling securities relatively soon as a way to cut back their massive supply of cash to the financial system, the central bank said on Wednesday.

The stock market rallied modestly today as Whole Foods (NASDAQ:WFMI) gave a boost to food retailers and doubts over President Obama's healthcare reform efforts lifted the health insurance sector.

An international search to locate the wreckage from an Air France jet that crashed into the Atlantic last year killing 228 people will resume in mid-March, French officials said Wednesday.

Housing starts rose to a six-month high in January and industrial output increased solidly, pointing to an economic recovery that was taking a firm hold and respectable first-quarter growth.

Sarah Palin strongly criticized an episode of Fox's series Family Guy on Tuesday for mocking her youngest son Trig.

Iran will not give up uranium enrichment and the West must get used to an Iran that is a master of enrichment, Tehran's envoy to the U.N. nuclear watchdog was quoted on Wednesday as saying.

Beijing is likely to let its currency begin rising in value again this year in response to growing pressures at home and abroad, two U.S. private sector specialists on China said on Wednesday.

French President Nicolas Sarkozy announced a financial and aid package of nearly half a billion dollars on Wednesday to assist quake-hit Haiti, as he became France's first head of state to visit the former French Caribbean colony.

Several Federal Reserve policymakers want to begin selling securities relatively soon as a way to cut back their massive supply of cash to the financial system, the U.S. central bank said on Wednesday.

Bank of America Corp fired its general counsel in December 2008 to keep Brian Moynihan, now its chief executive, from leaving the bank, and not because of legal advice concerning the takeover of Merrill Lynch & Co, the Securities and Exchange Commission said.

Researchers sequenced the complete genomes of five southern Africans over the age of 80 -- Archbishop Desmond Tutu from South Africa and four Bushmen from Namibia.

PepsiCo Inc said on Wednesday that shareholders of both Pepsi Bottling Group Inc and PepsiAmericas Inc approved its proposed merger.

A hormone thought to encourage bonding between mothers and their babies may foster social behavior in some adults with autism, French researchers said on Monday.

Some of the U.S. missionaries imprisoned in Haiti on charges of child kidnapping could be released today, according to a report from the Associated Press, citing Haiti's Judge Bernard Saint-Vil.

BlackRock Inc may not be interested in hedge fund manager Man Group after all, according to a source.

The S&P 500 Index is being lifted by its health insurance components on doubts stemming from American voters and Congressional Republicans about President Obama's healthcare reforms. Upgrades, earnings, and raised forecasts also buoyed the index.

A small plane crashed into a residential neighborhood in East Palo Alto, California on Wednesday causing three deaths and several fires.

Researchers found that among more than 75,000 Massachusetts patients given drug prescriptions over one year, 22 percent of the prescriptions were never filled. The rate was even higher -- 28 percent -- when the researchers looked only at first-time prescriptions.