China formally arrested an Australian citizen and three other employees of the mining giant in a case that has created a diplomatic uproar.

The planned $5.3 billion redevelopment of the Union Pacific Railroad yards will almost double the size of Sacramento?s downtown.

All three major indexes fall more than 1 percent as traders move to the safety of consumer staples and government debt.

Developers in New Jersey are finding desirable retail tenants for their residential projects. And given the economic slump, retailers are able to drive a harder bargain.

The Financial Services Authority is to set out later how banks will have to change their policies on bonuses.

The number of people out of work is expected to rise again when the latest official unemployment figures are released later.

Scandinavian airline SAS says it will cut another 1,000 to 1,500 jobs as part of a fresh cost-cutting programme.

Mining giant BHP Billiton reports a 51% drop in annual profits as worldwide demand for commodities declines.

Dutch financial services group ING returns to profit after three quarters of losses, but its banking division loses money.

Debt is the biggest concern for those seeking help from Citizens Advice Scotland, with a 14% rise in debt-related issues.

Reuters - Uncertainty about the Federal Reserve's view on the U.S. economy and another sharp fall in Chinese stocks pushed equities lower across the world on Wednesday and drove lower-yielding currencies higher.

Reuters - The Federal Reserve is expected to give a nod to signs the U.S. recession is waning but will likely warn that the recovery will be slow and dampen any expectations it will soon start to raise interest rates.

Reuters - The U.S. and Mexican governments are probing a scheme to steal millions of dollars worth of crude oil and refined products from Mexico's state-owned oil company and sell it to U.S. refiners, a U.S. official said on Monday.

The Dutch bank and insurance giant says loan-loss provisions and continued write-downs in real estate hurt its results.

Markets fell on renewed jitters over the economic outlook after Wall Street suffered its biggest loss in five weeks.

China arrests employees of mining firm Rio Tinto on suspicion of stealing trade secrets and taking bribes, which the firm denies.

The Bank of England warns that the UK economy still has some way to go before it recovers from the effects of the financial crisis.

The number of people out of work in the UK has risen by 220,000 in the three months to June to the the highest level since 1995.

The strong Swiss franc has hit Nestle sales, pushing the company's profits down by 2

The Financial Services Authority sets out how banks should change their policies on pay and bonuses.

Reuters - Stock index futures pointed to a lower open on Wall Street on Wednesday as investors awaited the outcome of the Federal Reserve's two-day meeting.

Reuters - BHP Billiton Ltd/Plc , the world's largest miner, gave a guarded outlook for global commodity demand, sending a worrying signal for weaker rivals, after a slump in metals prices triggered its first profit decline in seven years.

China formally arrested an Australian citizen and three other employees of the mining giant in a case that has created a diplomatic uproar.

Recession is 'deeper than previously estimated,' the central bank reports, indicating it is unlikely to raise interest rates soon. Unemployment rises to 14-year high.

Shanghai composite index falls 4.7% amid concerns about an asset bubble.

The Associated Press reported that two of its journalists embedded with the U.S. military in the south of the country Afghanistan had been injured in a roadside bomb explosion.

The number of people out of work in the UK has risen by 220,000 in the three months to June to the the highest level since 1995.

Eurozone industrial output fell back in June, wiping out gains made in May and dampening expectations of a recovery in the 16-country region.

Reuters - Stock index futures edged up on Wednesday after a selloff in the previous session but investors shied away from big bets ahead of Federal Reserve statements on the state of the economy.

Reuters - Switzerland is striving to settle a long-running tax evasion dispute between UBS and the U.S. government that challenges Swiss banking secrecy, before a key pre-trial conference on Wednesday.

Reuters - U.S. mortgage applications fell last week, reflecting a drop in demand for home refinancing loans as interest rates soared to their highest levels since June, data from an industry group showed on Wednesday.

Reuters - Luxury home builder Toll Brothers Inc said on Wednesday it expects to report a 42 percent drop in third-quarter homebuilding revenue, but said net signed contracts increased in the quarter and said home buyers are less concerned about prices.

A final settlement would force the bank to disclose names of wealthy clients. How many names is unclear at the moment.

Economists saw some good news in the larger deficit, which had narrowed as the volume of trade between the United States and the rest of the world dwindled.

Shares in the United States and Europe were higher after most markets in Asia declined ahead of the Federal Reserve?s latest assessment of the world?s biggest economy.

The department store chain also bolstered its outlook for the year as it benefits from cost-cutting.

Food and beverages sales, the largest share of Nestlé?s revenue, stagnated in the Americas but fell 7.5 percent in Asia and Africa and 21.6 percent in Europe.

The US trade deficit widened slightly in June as imports to the world's biggest economy increased, official figures show.

The US government and Swiss bank UBS agree the details of a deal to end their tax evasion row.

Reuters - Stocks climbed on Wednesday, boosted by a bounce in financial shares, while semiconductor stocks gained after Applied Materials said it would at least break even this quarter.

Reuters - Swiss bank UBS AG and the U.S. government have agreed to settle a long-running dispute over the disclosure of names of wealthy American clients suspected of tax evasion, a U.S. government lawyer said on Wednesday.

Reuters - The U.S. trade deficit widened in June to $27.0 billion, as goods imports increased for the first time in 11 months on the back of higher oil prices, a Commerce Department report said on Wednesday.

Reuters - Macy's Inc posted a better-than-expected quarterly profit on Wednesday as it cut costs in the recession, but the department store operator's shares fell 2.2 percent in premarket trading as it offered a full-year earnings outlook that could miss Wall Street estimates.

The decision by the W.T.O. could open market opportunities for American makers of everything from CDs and DVDs to music downloads and books.

Economists saw some good news in the larger deficit, which had narrowed as the volume of trade between the United States and the rest of the world dwindled.

The Associated Press reported that two of its journalists embedded with the U.S. military in the south of the country Afghanistan had been injured in a roadside bomb explosion.

Microsoft and Nokia form an alliance to bring the software giant's services to the phone maker's smartphones.

US department store chain Macy's reports better-than-expected results, despite profits tumbling 90%.

Microsoft has been fined $290m (£175m) and barred from selling its program Word in the wake of a patent row.

Vestas confirms its wind turbine blade factory on the Isle of Wight has closed with the immediate loss of 425 jobs.

The government launches an investigation into the gap between people out of work and those claiming jobless benefit.

Reuters - Stocks gained on Wednesday ahead of a key announcement by the Federal Reserve, led by technology and homebuilding shares after positive earnings reports.

Reuters - Microsoft Corp and Nokia announced an alliance on Wednesday to bring advanced business software to smartphones in a bid to counter the dominance of Research in Motion Ltd's Blackberry device.

Reuters - Belgian-based RHJ International is set to sweeten its offer for General Motors' European business in its race with Canadian rival Magna to buy Opel, sources close to the situation said on Wednesday.

Reuters - U.S. mortgage applications fell last week, reflecting a drop in demand for home refinancing loans as interest rates soared to their highest levels since June, data from an industry group showed on Wednesday.

The decision was seen as a victory for the United States at a time when China is being perceived as increasingly nationalistic in its trade policies.

Pequot Capital Management, the once-prominent hedge fund firm run by Arthur Samberg, has been put on notice by the Securities and Exchange Commission that it intends to file insider trading charges against the firm, according to a letter sent to Pequot investors on Monday.

The rules by the Financial Services Authority aim to keep banks from paying bonuses that are guaranteed for more than one year or that are several times a banker's salary.

The Federal Reserve decides to keep US interest rates on hold at between 0% and 0.25%, as widely expected.

Microsoft has been fined $290m (£175m) and barred from selling its program Word in the wake of a patent row.

More than 300 UK and foreign banks are told to hand over details of UK taxpayers who have accounts offshore.

Reuters - Stocks rallied on Wednesday, led by tech and homebuilding stocks, as investors awaited a key announcement by the Federal Reserve.

Almost two years after it embarked on the biggest financial rescue in U.S. history, the Fed said the economy was pulling out of its downward spiral.

Optimistic investors took advantage of a two-day decline on Wall Street to jump back into the market, pushing stock indexes sharply higher.

While hackers have begun some prominent attacks, the structure of the industry ? and some dumb luck ? keeps most phones safe.

Pequot Capital, a once-prominent hedge fund, has been told that the S.E.C. intends to file insider trading charges against the firm, a letter sent to Pequot investors said.

Liz Claiborne Inc. reported a deeper-than-expected quarterly loss, sending its shares down 9 percent.

PORTLAND, Ore. (AP) -- Sara Lee Corp. narrowed its loss in the fiscal fourth-quarter but gave a weak outlook for the year, sending shares of the food maker plunging in trading Wednesday.

The world?s largest miner gave a cautiously optimistic outlook for commodities demand on Wednesday after posting a 51 percent dive in second-half profit.

The Federal Reserve says the US economy has come out of the worst of the recession, as keeps interest rates on hold.

The US wins a ruling at the World Trade Organisation against China's restrictions on the import of American media products.

Reuters - U.S. stocks rose on Wednesday, but finished off session highs, after the Federal Reserve said it saw signs of a more stable economy.

Banks are moving slowly to help companies hit by the recession, and the Small Business Administration is fine with that: the money will last longer.

In his new job in Britain, Winfried F.W. Bischoff has a chance to redeem himself after a frustrating experience in the United States.

Some experts say they believe midsize companies, many owned by baby boomers, are set for a mergers-and-acquisitions resurgence.

Why mobile phone banking is so popular in Africa

The Spanish children missing out on summer camps

Reuters - U.S. stocks powered higher on Wednesday as the Federal Reserve said it saw signs of a more stable economy.

Reuters - Hedge fund manager John Paulson, who earned a fortune by betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of America Corp and other lenders during the second quarter, according to a regulatory filing.

The decision was seen as a victory for the United States at a time when China is being perceived as increasingly nationalistic in its trade policies.

Since Michael Jackson?s death, merchandising contracts and a film deal have brought in about $100 million.

A final settlement would force the bank to disclose names of wealthy clients. How many is unclear at the moment.

Some experts say they believe midsize companies, many owned by baby boomers, are set for a mergers-and-acquisitions resurgence.

Excluding reorganization charges, the retailer earned 20 cents a share, above the 15 cents expected by analysts.

Nearly a quarter of the biggest firms on the UK stock market will be unable to pay off their pension deficits, a report says.

Reuters - Former AIG chief executive, Maurice 'Hank' Greenberg, and five other defendants, have agreed to pay $115 million to settle a shareholder lawsuit, according to a person familiar with the matter.

Reuters - Hedge fund manager John Paulson, who made a fortune betting against financial companies after foreseeing the credit crisis, stocked up on shares of Bank of America Corp during the second quarter.

Instead of playing the cool auteur waiting for discovery by a studio, aspiring filmmakers are paying for distribution and marketing movies on their own.

Citibank is considering whether to claim that an energy trader who is to receive $100 million is exempt from government review, its executives said.

Since Michael Jackson?s death, merchandising contracts and a film deal have brought in about $100 million.

Frank DiPascali, a longtime lieutenant who pleaded guilty this week, communicated directly with some large investors and feeder funds.

China formally arrested an Australian citizen and three other employees of the mining giant in a case that has created a diplomatic uproar.

Arthur J. Samberg and his firm, Pequot Capital Management, told clients that federal regulators intended to bring an enforcement action.

All 288 news and advertising sales employees were told their jobs were being eliminated and they could apply for new, redefined ones by Friday.

Gap is reintroducing its core product, denim jeans, with an elaborate campaign notable for its many nontraditional elements.

The luxury home builder posted its first quarterly increase in four years on Wednesday, although revenue declined 42 percent from the same period last year.

Australia's Senate votes down a plan to introduce a carbon trading scheme to cut greenhouse gas emissions.

AP - In the first paragraph of an Aug. 10 story about a mortgage fraud trial, The Associated Press reported that real estate agent Joseph Babajian was acquitted in the scheme, while two others were found guilty. The paragraph should have noted that Babajian was acquitted only of several charges.

The central bank gave its most upbeat assessment in more than a year.

Since Michael Jackson?s death, merchandising contracts and a film deal have brought in about $100 million.

In his new job in Britain, Winfried F.W. Bischoff has a chance to redeem himself after a frustrating experience in the United States.

To counter Amazon.com, Sony and other device makers as well as several publishers will use the same technology, called ePub, for digital book sales.

Most of the investment banks have generated their juicy gains from three favorable trends that may not last.

Reuters - U.S. home loans failed at a record pace in July despite ongoing federal and state programs to avoid foreclosures, which have severely strained housing and the economy.