Reuters - Defense Secretary Robert Gates on Wednesday reopened a bitter $35 billion aerial tanker contest after the selection process that picked Northrop Grumman Corp and EADS over Boeing Co was found to be flawed.

Reuters - A flurry of visits by Chinese leaders to cities hit by sluggish exports and a reported tax rebate for textile exporters are being interpreted by the market as signals that Beijing might cautiously ease tight economic policies.

Reuters - Stocks fell on Wednesday as rising oil prices renewed concerns about the impact of higher energy costs on consumer spending, while a sharp drop in Cisco Systems Inc shares sent the Nasdaq nearly 1 percent lower.

Reuters - Electronics retailer Best Buy Co is looking to new product categories and business models to help it double annual sales to $80 billion over the next five years, executives said on Wednesday.

Reuters - Brewer Anheuser-Busch Cos Inc on Wednesday urged its shareholders to withhold consent to InBev NV , which is trying to replace Anheuser's board of directors with its own slate, and to revoke any consent already given.

Reuters - Northwest Airlines Corp said on Wednesday it would cut its frontline and management staff by 8 percent as part of a sweeping capacity reduction aimed at offsetting the soaring cost of jet fuel.

Reuters - Defense Secretary Robert Gates said on Wednesday he planned to reopen a $35 billion competition between Boeing Co and a team of Northrop Grumman Corp and Europe's EADS to build new aerial refueling tankers.

Reuters - Federal Reserve Chairman Ben Bernanke said on Tuesday the U.S. central bank might keep open a lifeline to financial firms, while the latest data showed distress in the housing and retail sectors continues.

AFP - Japan's core machinery orders were unexpectedly strong in May but experts warned the official figures released on Wednesday had failed to dispel gloom about prospects for Asia's largest economy.

Reuters - Advertising revenue from YouTube is likely to total about $200 million this year and thus fall short of parent company Google Inc's

Reuters - Aluminum producer Alcoa Inc on Tuesday posted a better-than-expected quarterly profit, lifting its shares, as higher aluminum prices and sales volumes offset increased costs.

Reuters - Oil rose a dollar on Wednesday, recovering from a more than $5 fall a day ago, after Iranian state media reported that the country had test-fired missiles that could reach Israel and U.S. bases in the region.