IBT Staff Reporter

Fiat SpA and Chrysler LLC are prepared to complete a merger deal by Thursday that would be taken into bankruptcy court as a key element of the U.S. automaker's restructuring plan if needed, a person with direct knowledge of the preparations said.

U.S. stocks climbed on Wednesday after grim growth data offered hints of future expansion, a prospect reinforced by the Federal Reserve's hopeful comments.

Nissan North America on Tuesday announced a partnership with the City of Seattle on Wednesday to promote the development of electric car infrastructure, as it plans similar promotions in other cities and regions ahead of its own car launch in 2010.

Palm Inc's highly anticipated Pre smartphone costs around $170 to make, according to analysis by research group iSuppli released on Wednesday.

Baskin Robbins is offering scoops of ice cream for small chunks of your change tonight.

Move aside, good looking. Geeks are the new chic, according to self-proclaimed geek Garth Sundem who has just released his second book about geekiness.

The world’s leading steel maker ArcelorMittal said Wednesday Shipments fell 6 percent to 16.0 million tones due to weak demand in commodities in the global industrial downturn.

Diversified U.S. manufacturers Textron Inc and Rockwell Automation Inc slashed their 2009 profit targets, saying they saw no sign of the global recession ending any time soon.

Bank of America Corp Chief Executive Kenneth Lewis appeared to survive a push by angry shareholders to push him off the bank's board -- though they may strip him of his job as chairman of the largest U.S. bank.

U.S. stocks rose on Wednesday as the Federal Reserve said the pace of economic deterioration appeared to be slowing, lifting the S&P 500 to levels last seen in January.

Wal-Mart Stores Inc's U.S. customers are spending more on discretionary items as payroll taxes come down and gasoline prices fall, the head of the discounter's U.S. supercenters said on Wednesday.

Oil prices climbed toward $51 per barrel on Wednesday as optimism that the U.S. recession was easing boosted markets and raised expectations of a rebound in energy demand from the world's largest consumer.

Morgan Stanley is not likely to pursue a retail bank acquisition while it scrambles to complete its joint venture with Citigroup Inc brokerage unit Smith Barney, Morgan Chief Executive John Mack said.

Actress Kirstie Alley will be making an appearance on Oprah this Thursday to talk about her recent weight gain.

U.S. airline shares rallied on Wednesday, partially erasing two days of steep losses, as markets decided that the swine flu outbreak might not significantly crimp travel demand.

Warren Buffett's Berkshire Hathaway will not report first-quarter earnings on Friday as expected, a spokeswoman said on Wednesday.

Oil prices climbed toward $51 per barrel on Wednesday as optimism that the U.S. recession was easing boosted markets and raised expectations of a rebound in energy demand from the world's largest consumer.

Officials at the Federal Reserve Bank said Tuesday that the economy’s outlook has improved since March but still expect weakness for some time.

U.S. financial markets are stabilizing as data suggest the recession's worst may be over, but a surprise event like a flu outbreak or fresh bank troubles could send them tumbling anew, bankers and analysts said on Wednesday.

Stocks extended gains on Wednesday after the Federal Reserve kept interest rates unchanged at historic lows and said the pace of economic contraction appears somewhat slower.

Bank of America Corp CEO Kenneth Lewis, facing a vote that could strip him of the chairmanship of the largest U.S. bank, defended his management decisions before thousands of shareholders at the bank's annual meeting on Wednesday.

Living along coastal South Carolina; I’ve enjoyed several opportunities to go crabbing at the beach. A good place to capture crab is along the jetties since they like to hide among the rocks.

Wells Fargo shareholders on Tuesday voted against a proposal that would effectively bar Chairman and Chief Executive Officer John Stumpf from being on the board of directors.

European Union states gave the green light on Wednesday to a sweeping reform of the telecoms sector after accepting a last-minute deal to resolve a spat over Internet access, the Czech EU presidency said.

Time Warner Inc posted a stronger-than-expected quarterly profit, as a rise in cable network revenue helped offset declines in advertising sales at its AOL Internet and Time Inc publishing units.

U.S. Rep. Barney Frank, chairman of the House of Representatives Financial Services Committee, said on Tuesday he would introduce a bill next week to overturn a three-year-old U.S. ban on Internet gambling.

Kazakhstan's parliament on Wednesday made a first step toward tightening state controls over the Internet and the media, in a move criticized by human rights watchdogs.

A Mexican toddler in Texas has died of the new swine flu virus, the first confirmed death outside Mexico, as the World Health Organization said the outbreak showed clear signs of spreading around the world.

(Corrects last paragraph of April 28 story to reflect non-prosecution agreement announced April 7 between PartyGaming