AP - Asian markets fell back Wednesday on renewed jitters over the economic outlook after Wall Street overnight suffered its biggest loss in five weeks.

AFP - Stocks in London started on a weak note on Wednesday as jitters persisted over the health of the financial sector while traders also awaited the outcome of the US Federal Reserve's latest meeting.

AP - Asian markets tumbled Wednesday with Chinese shares falling nearly 5 percent on renewed jitters over the economic outlook after Wall Street suffered its biggest loss in five weeks. European markets were mixed.

AP - Stock futures are little changed Wednesday ahead of a key Federal Reserve Board meeting, and a day after the market posted its biggest losses in five weeks.

AFP - Europe's main stock markets edged upwards on Wednesday as dealers paused after recent sharp losses and awaited the outcome of the US Federal Reserve's crucial monetary policy meeting.

AP - Macy's Inc. posted a second-quarter profit and beat analyst expectations even as the department store chain's results were weighed down by costs for consolidations and store closings.

Reuters - Department store operator Macy's Inc posted a lower quarterly profit on Wednesday, but raised its full-year profit outlook, sending shares up 2.8 percent in premarket trading.

AP - Sara Lee says it posted a smaller fiscal fourth-quarter loss as impairment charges declined from a year ago.

AP - Hillenbrand Inc., which provides funeral products and services, said Wednesday its fiscal third-quarter profit fell slightly on lower burial demand and a weak flu and pneumonia season.

AP - Nestle SA, the world's biggest food and drink maker, reported Wednesday a 2.7 percent fall in first-half net profit as the recession hurt consumer demand and divestments and a stronger Swiss franc weighed on sales.

AP - Investors seized on a buying opportunity Wednesday, picking up bargain stocks after a big pullback.

AP - Chinese solar maker ReneSola Ltd. on Wednesday posted a second-quarter loss as revenue fell 52 percent from a year ago.

AP - Kia Motors Corp., South Korea's second-largest automaker, said Wednesday that second-quarter net profit quadrupled amid higher sales as the company benefited from weakness in the local currency.

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.

Reuters - Department store operator Macy's Inc posted a better-than-expected quarterly profit and raised its full-year outlook as cost cuts overshadowed lower sales, but mixed results from two of its suppliers showed that the retail industry remains challenging.

Reuters - The U.S. Securities and Exchange Commission has told former hedge fund manager Arthur Samberg that it planned to bring an enforcement action against his firm, Pequot Capital Management, according to a source familiar with the matter.

AFP - London stocks climbed higher on Wednesday as dealers paused after recent sharp losses before the US Federal Reserve's imminent monetary policy verdict.

Reuters - The U.S. Securities and Exchange Commission has told Arthur Samberg, a once powerful hedge fund manager, it plans to file civil insider trading charges against him and his firm, Pequot Capital Management.

AP - With millions of dollars at stake, lawyers for the former head of Kmart Corp. urged a judge Wednesday to throw out a verdict in a civil trial that centered on what investors should have been told before a bankruptcy filing in 2002.

AP - Department store operator Macy's Inc. boosted its annual profit outlook after posting second-quarter earnings that beat Wall Street expectations. It benefited from streamlining its operations and remains cautious about consumer spending in coming months.

Reuters - Department store operator Macy's Inc posted a better-than-expected quarterly profit and raised its full-year outlook as cost-cuts overshadowed lower sales, but mixed results from two of its suppliers showed that the retail industry remains tough.

AP - Casino operator MTR Gaming Group Inc. reported a second-quarter profit of $352,000, or 1 cent per share, and said Wednesday that cost-containment efforts helped boost pretax earnings by about 10 percent.

AP - Information-technology services company CACI International Inc. said Wednesday its fiscal fourth-quarter profit grew 23 percent, exceeding Wall Street expectations.

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 Wednesday.

AP - Department-store operator J.C. Penney Co. reports earnings for the second quarter on Friday before the market opens. The following is a summary of key developments and analyst opinion related to the period.

Reuters - The U.S. Securities and Exchange Commission is including options exchanges in its review of controversial flash orders, which give traders an advance look at trading orders, the regulator said on Wednesday.

AP - SRA International Inc. said it expects its fiscal 2010 earnings per share to rise as much as 24 percent year-over-year, and revenue to climb up to 7 percent in the next year.

AP - A Michigan man accused of running a $53 million Ponzi scheme says he needs his Ferrari to use as collateral while he tries to defend himself against fraud allegations.