IBT Staff Reporter

Toyota Motor Corp shares dropped more than 8 percent on Wednesday in U.S. trading as concern deepened about the automaker's suspension of sales and production of some of its best-selling vehicles due to problems with faulty accelerators.

College senior Alyssa Ravasio gave up MySpace on the day she got a Facebook account and never looked back. She has already lost interest in Twitter. But how does Facebook know it can keep her loyalty?

The Federal Reserve voiced a cautious note of optimism on the U.S. economy on Wednesday as it stuck to its pledge to keep interest rates near zero for a while to ensure a sustainable recovery.

The Swiss government said it was sure it could resolve a legal impasse threatening a deal struck by the U.S. and bank UBS to hand over data on clients the U.S. suspects of dodging taxes.

Caterpillar Inc , the world's largest maker of construction and mining equipment, offered an unexpectedly guarded view of the coming year on Wednesday, sending its stock down more than 8 percent and pulling the broad market down along with it.

Apple CEO Steve Jobs unveiled Wednesday the widely anticipated Apple tablet known as iPad in San Francisco.

Apple Inc CEO Steve Jobs took the wraps off the iPad tablet on Wednesday, making a big bet on a new breed of gadgets that aim to bridge the gap between smartphones and laptops.

Toyota Motor Corp will suspend U.S. sales of eight models subject to a massive safety recall, an unprecedented move that sent its shares tumbling and raised questions about the timing of its earnings recovery.

Apple Inc Chief Executive Steve Jobs took the wraps off the iPad tablet on Wednesday, looking to define a new category of wireless device that will play video, games and all sorts of other media.

The S&P 500 Index dropped 4.98 points, or 0.46 percent in afternoon to trade at 1,087.19.

Apple Inc. CEO, Steve Jobs, unveiled the highly-anticipated Apple iPad on Wednesday which is a Wi-Fi only device, contrary to precious speculation.

Bank of America has dropped plans to exit Merrill Lynch's Asia property funds business and will instead help it raise new money, cashing in on a recovery in the real estate sector, sources said.

U.S. manufacturing expanded slightly less than previously thought in December, according to revised data released by an industry group on Wednesday.

Speaking at an Apple event in San Francisco on Wednesday, Apple CEO Steve Jobs unveiled the widely anticipated Apple tablet, or as it's formally known, the iPad.

Apple Inc's Chief Executive Steve Jobs is expected to make a big bet on Wednesday that he can sell consumers on the value of tablet computing, looking to define an new category of devices.

President Barack Obama and Vice President Joe Biden will announce $8 billion in stimulus funds for the construction of high-speed rails across the country, Tampa Congresswoman Kathy Castor confirmed in a press release today.

Speaking at an Apple event in San Francisco on Wednesday, Apple CEO Steve Jobs unveiled the widely anticipated Apple tablet, or as it's formally known, the iPad.

U.S. stocks declined on Wednesday as investors braced for the U.S. Federal Reserve's policy statement, which may provide clues about how long it will keep in place policies that have boosted markets.

Breaking years of speculation, Apple unveiled a tablet computer in San Francisco Wednesday, arguably the company's most anticipated product ever.

The S&P 500 Index paired some its earlier losses to trade down 0.18 percent at 12 p.m. in New York. It briefly dropped to 1085.55, before recovering to trade at 1,090.18. The Nasdaq Composite Index is slightly positive, gaining 0.03 percent.

Micro-blogging site Twitter is developing technology that will prevent government censorship after Iran and China moved to censor its users.

The S&P 500 and the Dow fell on Wednesday after a report showed new home sales dropped unexpectedly in December, while Caterpillar Inc and United Technologies Corp gave guarded outlooks for the months ahead.

The U.S. Federal Reserve on Wednesday is expected to leave interest rates near zero and restate its vow to keep them low for an extended period.

The king of the world director James Cameron has gone on to beat himself at his own game. Towards the end of the last decade, the Cameron's epic Titanic became the most successful movie ever with global sales of $1.843 billion.

U.S. stocks fell on Wednesday after data showed new home sales dropped unexpectedly in December, as investors remained wary ahead of the U.S. president's State of the Union speech and the end of the Federal Reserve policy meeting.

Markit, a data provider and index administrator, said private equity firm General Atlantic had agreed to take a minority stake in the company.

A congressional panel, probing how money from the huge bailout of insurer American International Group Inc was spent, grilled Treasury Secretary Timothy Geithner on Wednesday about his role.

As we stand on the edge of the end of the year ready to jump head first into the next, I thought I would add a few sketchy thoughts from my base here in Moscow. I will pull the beard of controversy and run away to a safe distance.

Global business leaders warned Western governments Wednesday that a populist crackdown on the financial industry could crimp a fragile recovery from the worst recession since the 1930s.