Reuters - The state's highest court on Wednesday sided with former New York Stock Exchange chief Richard Grasso in his efforts to throw out key parts of a lawsuit seeking the return of more than $100 million of his pay.

Reuters - The London Stock Exchange plans to set up a pan-European, off-bourse trading platform with Lehman Brothers , the groups said, to fend off start-up rivals hurting LSE's business.

Reuters - Citigroup Inc may incur second-quarter write-downs of $9 billion and raise additional capital, said a Goldman Sachs analyst, who widened his loss estimate for the bank for the period.

Reuters - Fortis said on Thursday it plans to shore up its finances with measures worth more than 8 billion euros ($12.54 billion), including issuing new shares, hitting its stock on dilution worries.

Reuters - The U.S. Federal Reserve held interest rates steady on Wednesday and signaled it was in no hurry to raise them, even as it voiced greater concern about inflation.

Reuters - Anheuser-Busch Cos Inc plans to reject InBev NV's unsolicited $46.3 billion takeover offer, saying it undervalues the company, a source familiar with the situation said on Wednesday.

AP - Sales of new homes tumbled for the sixth time in seven months in May while median prices kept plunging, underscoring the depth of the nation's housing woes.

Reuters - Stocks added to gains on Wednesday after the Federal Reserve held a key interest rate steady.

Reuters - The U.S. Supreme Court on Wednesday threw out the record $2.5 billion in punitive damages that Exxon Mobil Corp had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska, the nation's worst tanker spill.

Reuters - Countrywide Financial Corp was sued for alleged deceptive mortgage lending by officials in its home state of California and in Illinois on Wednesday, the same day its shareholders approved the company's takeover by Bank of America Corp .

Reuters - The Federal Reserve held interest rates steady on Wednesday and voiced greater concern about inflation, taking a small step down a road toward higher borrowing costs.