IBT Staff Reporter

European shares closed lower for a third straight day on Wednesday, with financial stocks suffering the most, as investors took profits after a strong run in recent months.

Sep 02, 2009

K-V Pharmaceutical Co. said the U.S. Food and Drug Administration had accepted its work plan to address previously identified deficiencies in its manufacturing practices, sending its shares up as much as 43 percent.

Sep 02, 2009

Salesforce.com Inc introduced software targeted at tiny businesses and individuals that costs $9 a month per user, pricing it for less than a third of its previously least-expensive product.

Sep 02, 2009

Stocks edged higher on Wednesday following three straight days of declines after more labor-market data suggested that the economy's recovery remains a slow one.

Sep 02, 2009

Former Alaska Governor Sarah Palin was invited to Hong Kong as a keynote speaker for an Asian investment conference.

Sep 02, 2009

Oil major BP Plc said it has made an oil discovery in the Gulf of Mexico, which analysts believe could contain over 1 billion barrels of recoverable reserves, reaffirming the Gulf's strategic importance to the industry.

Sep 02, 2009

French public works group Vinci risks losing a 1 billion euro ($1.4 billion) rail communications project due to uncertainty over the future of insolvent supplier Nortel Networks Corp.

Sep 02, 2009

Nokia on Wednesday bolstered its smartphone line-up to better compete with Apple and said a $820 laptop will lead its foray into the fiercely-competitive PC market.

Sep 02, 2009

Research in Motion Ltd Co-Chief Executive James Balsillie will find out on Wednesday whether his bid for the National Hockey League's Phoenix Coyotes will be included in an auction set for next week in federal bankruptcy court in Arizona.

Sep 02, 2009

The early bird gets the overhead baggage space -- at least on Southwest Airlines Co.

Sep 02, 2009

While consumers in Europe are struggling with the effects of the recession, Germany is a bright spot in electronic devices spending, industry executives said on Wednesday at the opening of Europe's largest consumer electronics trade show IFA.

Sep 02, 2009

Whitney Houston performed at New York City's Central Park on Tuesday for her first performance in seven years.

Sep 02, 2009

Is it a book? Is it a movie? Is it a website?Actually it's all three. Anthony Zuiker, creator of the CSI: Crime Scene Investigation U.S. television series, is releasing what he calls a digi-novel combining all three media -- and giving a jolt to traditional book publishing.

Sep 02, 2009

U.S. copper futures slumped to a 1-1/2 week low Wednesday morning, as further losses in global equity markets overnight continued to undermine confidence in the economic recovery and weak U.S. jobs data added to the weight of the move.

Sep 02, 2009

Las Vegas Sands Corp, the world's largest casino firm, has secured commitments to raise up to $600 million through the sale of exchangeable bonds, the company said on Wednesday.

Sep 02, 2009

Brown-Forman Corp, the maker of Jack Daniel's whiskey and Southern Comfort, reported higher quarterly profit on Wednesday, as lower expenses helped offset the impact of lower sales.

Sep 02, 2009

Researchers in Israel say they have developed a computer program that can decipher previously unreadable ancient texts and possibly lead the way to a Google-like search engine for historical documents.

Sep 02, 2009

Customers filled more prescriptions at Walgreen Co. but continued to shy away from general merchandise, with sales at stores open at least a year up just 1.9 percent in August and 2.1 percent in the drugstore chain's recently completed fiscal year.

Sep 02, 2009

Government incentives that pay motorists 2,500 euros ($3,590) to trade in old cars for new gave Germany's auto market a final boost in August, lifting registrations 28 percent year on year.

Sep 02, 2009

Oil rose above $68 a barrel on Wednesday in choppy trade after U.S. government inventory data showed a sharp drop in gasoline inventories but a lower than expected decline in crude stocks.

Sep 02, 2009

Pfizer Inc agreed on Wednesday to plead guilty to a criminal charge relating to promotions of its now-withdrawn Bextra pain medicine and will pay a record $2.3 billion to settle allegations it improperly marketed 13 medicines.

Sep 02, 2009

A former Bear Stearns Cos hedge fund manager accused of insider trading urged a federal judge to reject evidence suggesting he improperly tried to use money as collateral to build a condominium and repeatedly ignored conflict-of-interest rules on in-house trades.

Sep 02, 2009

Stocks were mostly flat on Wednesday after three days of declines, as investors digested disappointing reports on the labor market and factory orders that increased worry the rally may have run too far ahead of the economy.

Sep 02, 2009

Pfizer Inc agreed on Wednesday to plead guilty to a criminal charge relating to promotions of its now-withdrawn Bextra pain medicine and will pay a record $2.3 billion to settle allegations it improperly marketed 13 medicines.

Sep 02, 2009

The Gulf state of Qatar has taken a 10 percent voting stake in Porsche Automobil Holding SE (PSHG_p.DE) as agreed, the German automotive group said on Wednesday.

Sep 02, 2009

President Barack Obama is completing work on a new strategy to counter opposition to a U.S. healthcare overhaul and outlining specific areas for compromise, a senior Obama official said on Wednesday.

Sep 02, 2009

BMW (BMWG.DE), the world's largest premium carmaker, expects to post U.S. sales growth in the last four months of 2009 as the economy shows signs of coming out of the worst part of the recession, the head of its U.S. operations said on Tuesday.

Sep 02, 2009

Nokia on Wednesday bolstered its smartphone line-up to better compete with Apple and said a $820 laptop will lead its foray into the fiercely-competitive PC market.

Sep 02, 2009

Maruti Suzuki India (MRTI.BO), the country's top car maker, is confident of maintaining profits and growth despite increasing competition, including from Tata Motors' (TAMO.BO) Nano, the world's cheapest car.

Sep 02, 2009